DJI -27
S&P +3
Nasdaq +17
US performance mixed. Dates to note 20 Jan, Obama's inauguration, 22 Jan, Singapore Budget.
STI closed down 52points yesterday with Chartered rallying 43%, having rumors as potential takeover target. Index currently standing on 1st level support, expect some form of slight rebound with gap resistance at 1880. In the short term, sellers hold the upper hand. Strong support around 1780 range.
Some lower liners to lookout for:
Goodpack last close 90c, potential target $1.04.
Gallant last close 16c, potential target 28c.
Regards,
Heiwa
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