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Singapore Stock Market 29th Feb 2011

SGX Warriors
Publish date: Wed, 29 Feb 2012, 01:10 PM
SGX Warriors
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Happy leap day! It only occurs every 4 years. Market is re-challenging 3000 resistance point. We do expect market to consolidate from before a successful breakthrough. 2950 support seen. US stock rises as consumer confidence increases and oil prices fall.

SembCorp managed to break through resistance at 5.23. Stock could climb from this point onwards.

Sentiment --> Bullish
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