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Technical Roundup – 9th Jul 2009

Posted by CharlesMing  Published in Technical Analysis

Quick check on the markets.

The STI completed the gap resistance cover and closed just shy of 2320. It however did close above 20MA. Refer to the chart as seen and as I described yesterday, immediate resistance at 2300 and 2320. Question is, where will I go short, or long? Short, if 50MA does not hold, [...]

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