Last week, STI attempted to make a retracement move by opening lower and formed a bearish reversal formation on Monday. However, the support level at 2890 level was so strong that STI failed to trade below it and rebounded strongly. For the whole week, STI consolidate in sideways for the week ranging between 2880 – [...]

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Over the CNY week, STI opened strongly on Wednesday after 2 days of CNY holidays. Bullish sentiment continues to loom the market as the Chinese welcomes the year of Water Dragon. Water related stocks continues to gain strength was superstition were positive of the outlook of these water related stocks for this Water Dragon year. [...]

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