Friday, March 30, 2012

Property Counters

Been observing the market recently and the STI is range bound, unable to break out from 3030 resistance.

Also noticed that property counters in STI are having a strikingly similar ascending triangle chart patterns...meaning breakout soon (or breakdown)?...lets watch and see if STI cracks 3030 resistance.

Personally, I have a bullish bias as ascending triangles are supposedly bullish chart patterns. Time will tell and trade safely!

Disclaimer applies.

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