Friday, August 29, 2008

Where is STI Heading?

STI Forecast by AmFraser Securities!

Did you read the STI Forecast from AmFraser Securities issued on August 27, 2008?

It was a long report. I summarised the key points here:

  1. STI likely to bottom in next 1-2 months, maybe October 2008
  2. Strong support around STI 2600, next STI 2500, then STI 2200
  3. Buyers likely come in below STI 2600
  4. Possible rally in December 2008/January 2009 from November 2008 to STI 2900/3000

Hmm.. now you know why AmFraser is my favourite for STI Outlook!

Read the detailed report here.

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