Monday 16 December 2013

Market Update: 15 Dec 2013


DJI have touched my predicted support which i posted earlier. Currently a collection may occur till FOMC data release on coming thursday morning (singapore time) to confirm the direction and whether FED will taper the QE due to good NFP data.


STI may have a rebound after 7day consistent of bear attack. Do watch out the price @ 3100. If break maybe it will try to cover the gap. Afterall i still believe STI will try to touch 3000 final point.


SATS have been well supported by 200D MA & have not been breach through so far. However will the bearish STI, will SATS remain to be sustain by 200D MA? Break $3.05 will bring SATS into bear mode while not it will continue its bullish trend.










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