Friday, September 4, 2009

SSE Daily: Gaining ground


Market found its immediate base and rebounded strongly to close the upside gap left over at 2817-2843 level. Immediate technical outlook has been improve a little. Nevertheless, more support confirmation is still needed to change the current negative outlook to positive. Thus, market may consolidate in near term with immediate downside support is maintain at 2639-2635 (unfilled gap left over since 1/6/2009) followed by 2538 levels. While, upside resistance is looking at 2900-2950 followed by 3020-3039 (gap left over on 17/8/2009).