Sembcorp trading in a range hit the resistance and it might come down to test the 2.8 support and if it remains weak we might eventually show 2.6 in the coming weeks. Stop loss will be above the resistance of $3
STI came very close to our resistance of 2964 and it retraced from there. But friday’s closing was strong on the upside so lets watch to see if market will break that resistance and maybe test 3000. We could still plant some shorts on weaker stocks which does not move up with the index.
Yours
Humbly
