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Friday, May 29, 2009

STI 29/05/2009 - Update

Previous post for STI is here.
STI has reached very near the original TP of 2394 formed from the H&S formation. Although, the chart seems a bit on the extended side, I would not rule out the possibility of hitting the tp.

Currently it has also formed a rising wedge which suggests caution here on. Break of the lower blue trendline might trigger downside momentum with investors locking in some profits in the short term.


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