STI should be trading in a restricted channel between 2740 to 2640 range. A breakout over 2740 may propel higher, however I do not see any good news on the horizon near term. Most indication looks boring, STI currently trading below 100MA line. Recommend trading sell on STI at 2720 - 2740 range with 2750 cut loss.
HSI looks slightly more interesting as the formation of the flag is nearly formed. Suggestion big movement either up or down can be on the line soon. Judging for the gloomy overall outlook from the europe side, I am more bias to a down side. Recommend small position on trading sell on HSI from 18900 - 18500 range with cut loss at 19100.
Singtel appears to be a good shorting target. Recently technical glitches coupled with nice indicators point to my recommendation to short at $3.15 - $3.18 range. Take profit below $3.06.
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