Straits Times Index
STI have showed bearish indicator after breaking the 200 day EMA triggering a long term sell. A breaking of the pennant formation may result in a plunge below 2200 level. 2187 is a near term weak support while 2161 as a stronger short term support. Bearish sectors are mainly plastic, hard disk, transportation and China-related stocks.
Suntec REIT
Down trend with new low at $1.03. Wave 3 formation may result in hit of $0.975 before stopping.
SembCorp Industries
Long-term Wave 5 has ended at $3.14 and Wave A ended at $2.60. Totallength of Wave A was $0.54. The rebound from $2.60 to $2.80 was considered as Wave B, and the lengthof Wave B was $0.20. Usually, Wave C is either longer or equal to Wave A. With this assumption, target of $2.24 have been formed for Wave C.
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