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4/12/11

Dec 5, TA for STI

Trend - Side
Momentum - Moderate
Support - 2640
Resistance - 2900
Volume - Half
Candle - hanging man (bearish reversal)

STI is at the trading range of 2900 and 2640, volume at half indicate poor momentum and Hanging man candle shown bearish reversal. 100D MA (2830) is to be watched as it co-exist with past resistance, STI had not been able to break the 100D MA.
Posted by Paul - ckhpaul@ymail.com at 9:10 am
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