As stated yesterday in Heiwa Technique section 47 part 1, buy in support, add at break up, turn short at break down is very much applicable for today. I will not repeat the other stuff here again.
STI opened gapped down today @ support region. Some may say that it broke down support, should we not short?? That will be another topic on volatility range and opening noise which i will not go through yet. It made a good rally from support breaking intra day resistence @ 3320 which is a good time to add on calls. Strong stocks in my EOD review also made good move, namely ch milk and ktl. Bullish it may seem, but do not forget the bigger picture.
Bulls in control intra day for both HSI n STI after 27200 and 3320 are broken respectively. This came in late so i will not go on any further.
Remain bears or cautious bull for the moment until the tide changes.
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