STI ended the year with a bullish bar but in the short term, it appears to be still stuck in a triangle since the Oct peak. On the other hand, KLCI ended the year with a indecisive bar but week-on-week, the index is still looking bullish in the short term. What can we expect for the new year?
Investors should accumulate on weakness towards the 3,400 levels for STI and 1,440. Both indices are getting ready for a bullish 2008!! Investors also should be ready!!! Buy on weakness!
Technically, for S'pore - look out for Hor Kew Corp and Chip Eng Seng.
For M'sia - look out for TA Enterprise and Leader Universal. Ranhill could also run further today.
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