Reported at 0730hrs SGT
GY
WMA5 went through EMA21 and now sandwiched between EMA21 and EMA200. EMA200 will give the support as it can be seen for the last few days. EMA55 too give good support given its nearest to EMA200. As such support is at 211.9 and 211.6.
Should WMA5 punch through, expected the next support at EMA100 at 210.4.
On the contrary, GY can do a short rebound to EMA21 at 213 and unless it breakout of EMA21, the next target is 214.
GU
It hit the support at 1.964. Should it continue its steam in the down trend, support is at 1.950, before going to a year low at 1.932.
Rebouncing from 1.964, GU will face resistance at 1.9800, then 1,985.
Tuesday, August 05, 2008
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