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Singapore market news on 21th May 2012

SGX Warriors
Publish date: Mon, 21 May 2012, 12:48 PM
SGX Warriors
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Selling has finally come to a stop after Singapore index had made 8 consecutive days of lows. We do expect a brief support at 2750 for the time being. Please do expect market to remain choppy for now so it is advisable to stay sideline for the time being to determine the direction of the market. Currently, it is more bearish but still more evidence is needed before we can concluded that the selling spree is over. Sentiment --> Bearish
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