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Wednesday, June 21, 2006

STI Review

STI closing range for 21/6/06 lies between 2325 to 2375.
Both will then form the resistence and support respectively.

It is likely that STI will test the resistence in the short term
with selective bargain hunting pushing the market.
Traders are looking for small caps that have outperformed
the market in the last rally and waiting for the next wave.
China Sun is one of those classed in this category that is
likely to keep moving into oversold and overbought positions.

Todays market lacked a strong catalyst but will likely end in
a positive note.