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Raymond Chng
Remisier
Lim & Tan Securities

raymondchng@limtan.com.sg
raychng@gmail.com

Thursday, May 20, 2010

Pennant formation for STI



STI index has broke the support level prompting another selldown from investors. Thus it has formed the pennant or flag pattern which is a continued downtrend movement if STI trades below 2775. As of 1130am, it was trading at 2771...

Short term Bearish.. Trade with EXTREME CARE and sniff out good bargains for long term.

Believe your believes, Doubt your Doubts

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