Yet another bullish scenario on STI.
Inverse H&S forming on daily. Right shoulder could be as low as 2663. TP gives 2910 depending on when/if it breaks out.
PS: Not an inducement to buy or sell. This is just another bullish view when there has been a lot of bearishness in the market since the last 2-3 months. I could be wrong. Risk management remains utmost important.
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Thursday, October 22, 2009
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