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Raymond Chng
Remisier
Lim & Tan Securities

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Thursday, August 5, 2010

STI - Inverse head & shoulder


STI has managed to cross the critical 3,000 mark and must maintain above this level for further upside. Bluechips has made their run this week signalling the Mid/Small Cap counters to follow through. Best performers are property and shipping related counters, (apart from purchases made by Kestral Capital> An inverse head & shoulder has formed prompting more upside potential.

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