200 days moving average is commonly taken as critical reference (support/resistance) for market index. STI broke its 200 days moving average on last year March, and resumed its downtrend thereafter. In tandem with US market rally, STI is going to test this major resistance on coming weeks. Investors could take opportunity of recent rally to reshuffle portfolio.
Market Calendars:
Several blue chips are going to release latest earning results next week.
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