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Hang Seng has been in a range for the last 2 weeks. A breakout from this range is needed for a more confirmed direction. The BULLs wanted a rally above and the BEARs  hoped for a sell down below the range.

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The Bulls spent the whole morning below the 2,880 level. Left with 2 hours from closing, the Bulls have not managed to climb above the 2,880 resistance level yet. They really have to try harder before the Bears reinforcements arrive.

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The STI Bulls continue to make their climb with another 9 points on Thursday after the 19 points move on Wednesday. The challenge for the Bulls now will be at the 2,880. This is crucial level for the Bulls. It will be the BEARs’ turn to defend the 2,880 level.

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STI has climbed 19 points and DBS has closed above the $15.00 level. The BULLs are getting strong into the close of Wednesday. The overnight US market closed 11 points lower. Lets see how fragile the Singapore Market will be in the Thursday trading session.

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With 90 mins left in the trading session, the Bulls have managed to climb above the recent highs and it will be good for the BULLs to stay above this area. Hopefully the BULLs dun sell off in the last hour.

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The BULLs did well by closing at thhe $15.00. Now, the Bulls will fight for a close above $15.00 and the Bears will fight for a close below that.

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The Bulls did well by closing the STI positively in the 2nd half of the day. The close is into the highs of the previous days. More effort needs to be seen by the BULLs. A close above 2,880 is preferred as a show of BULL strength.

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Ezion has crossed down below the $0.26 level. Major problems burning in the stock. Click Here to Read More

The Bulls have trying the whole morning pushing up the DBS price to near $15.00. It is now at $14.95. Very close to the resistance level of $15.00. Of course the BEARs will also try to defend the $15.00 with all that they have too. 

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[23 Aug-Before Market] The Bears Are Stopping The Bulls From Recovering!!

by Dave 23.08.2016

3 days of testing the 2,830 level. The Bulls are still fighting it out with the Bears near the 2,830 level. This is not good for the Bulls. The Bulls need to recover back above the 2,880 as soon as possible before the Bears gathered enough strength to plunge the index to below 2,830. That […]

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