Singapore Stock Market News
Regional Alpha Edge - Asia looking strong
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Publish date: Thu, 03 Apr 2014, 11:42 AM
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| MSCI Asia ex-Japan Index weekly chart |
Asia's equity market was strong in the past fortnight, with the MSCI Asia ex-Japan (MAxJ) up an impressive 6%. The index could soon test its major resistance trendline (555) and a break above this trendline and its recent high of 562 would be very bullish.
US S&P500 remains in its uptrend as its major support trendline is not yet broken. Malaysia's KLCI uptrend remains intact.
We also see signs of laggards like the property and plantation sectors trying to play catch-up with the market.
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jenny Mcdonne
Post removed.Why?
2014-04-03 15:47