Market recap 18-Jul-2006
Posted on July 18th, 2006 in Old blog archive
STI closed higher? Ok, it did. It closed higher than yesterday. Good news, it is still below 12-day, 50-day and 200-day EMA. I see some space to move towards recent low, which is 2277 aread.
Nothing much about UOB Sesdaq. Still ding-dong between 50-day and 200-day moving averages. Just be patient to watch for development during this result relaesing season. Recent low is around 90 area. I am interested in looking at Short side if the support area is broken.
From the desk of Tradergav.com
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July 18th, 2006
UOB Sesdaq - Noted that MACD signal is accurate every time in your chart, ie, cut up, buy, correct; Cut down, sell, correct. This time, it may be better to wait for macd cut up before buying.