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3080 broken

@post-market STI is doing really well. Survived the 3080 support. And even added 9 points to 3,092.68 Uptrend continues. Maybe like someone mentioned it can go all the way to 3300?

STI trendline plus horizontal price support broken. Now it is heading towards 3070 region. Better to wait for the day to close as candlestick confirmation. If it’s true, STI might be trading in the sideway fashion or go down to test the 3040 support. Another possible scenario is whipsaw the traders and continue trading into the line. As the line is very steep, it will have to defy the law of gravity to do so. Take a look at this chart.

My friend is very confident that the support will hold. I wouldn’t go against him as he’s been on a roll for past 2 months. I agree that 3040 will be a very important support as it has been tested many times as a resistance.

My worst pick for now is Asiatravel. This stock has been beaten down time and time again without any struggle. Next time I will try to avoid this counter. Thailand contributes a huge percentage of its business and it is no wonder that with the politics instability, the travel industry has taken a big hit.

Noble will be in my shortlist again (sold at 1.90 but heart pain, now very shiok) as the business is finally looking a lot better. Now trading at gap resistance but momentum is pointing down but trend line is holding the stocks at 1.84 low. Looking at doji and histogram to give signal. Good news is that these few down days are all having light volume.

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