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Exam results are out. Is this the time to go for a holiday? (version 2)
 
Singapore

Straits Times Index
 

STI had a tremendous run from the low of 1455 on March 10th, 2009 to the recent high of 2283 on May 8th, 2009. The recent high advances were stopped by the falling window acting as resistance from 2254 to 2297. If this falling window resistance breaks to the upside, be on a lookout for another falling window resistance from 2504 to 2533. A stronger support can be found at 1940 which is the 52-week low. At this moment, RSI is showing STI at overbought region; therefore do take care that profit taking could be expected at any time. During the tremendous run to the upside, it only formed a meaningful low, with the bull doing the 100 meter dash most of the time. With the increase in volume, it shows that a lot of people are being attracted to this upward run.

 
 
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