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Raymond Chng
Remisier
Lim & Tan Securities

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

Monday, May 10, 2010

STI testing first resistance of 2856 - Reversal?

As of 250pm, STI has reached intraday peak of 2855 with bluechips leading the pack. Waves of buying continues as European markets are opening.

Reversal could only be possible if it could hold above this level till end of the day. Bargain hunting begins.

Trade with care. Do not catch a falling knife or "bull trapped".

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