STI: STI has hit resistance at 1842 and is doing a retracement towards the 1820 support level. It has formed a higher hig, the next watch item is to see if it rebound from support level at 1820 thereabout to form a higher low. This is likely to take place today or tomorrow. I'll be watching for candlestick reversal patterns for confirmation. Watch out for white candles.
My Stock pick: Many of the blue chips counters have also hit resistance and retracing towards suppport level I'll be looking out for SGX to rebound from its support.
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