Thursday, October 21, 2010

Market Technical Reading - Recapturing The 10-day SMA Will Renew Upbeat Sentiment... - 21/10/2010

Local Market Leads:
♦ Local market pared down early losses by ending slightly lower on Wednesday, after most of the Asian markets
recouped their early losses on bargain-hunting support in the afternoon.
♦ Boosting investors’ confidence was a strong rebound in Shanghai Composite. The index inched up 0.07%, after
plunging nearly 2% at one stage on a surprise rate hike by China’s central bank in late Tuesday.


Market Technical Reading - Recapturing The 10-day SMA Will Renew Upbeat Sentiment... - 21/10/2010

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