Straits Times Index

What a lovely picutre don't you think? The power of TA bounced off the 26.1% retracement. However, monday is going to be interesting, with both Lands losing the IR bid, it will be interesting to see at what price they open. I am guessing about 4.10 for captialand and 4.16 for kepland. No guess for Citydev lah :) confirm gap up and depending on involvement, Citydev might be testing the previous high of 11.50 :) Technically, the STI is not hugging the lower bollinger band the slide has eased off. RSI looking good bouncing off the 30 and moving up. MACD has a higer low, indicating some strength to come. STO has also bonced off its oversold and slowly creeping up. Have a wonderful week ahead.

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