The STI hits the supply area and the market after last week's 2 day +100 points rebound started to give way and fall back. Normally when the market or a stock hits a supply zone, if it's still bullish, it would take quite some time before it absorbed all the sellers and start moving again. However if it starts to experience profit taking, the market would then have a serious problem. As of now, the market looks like it's absorbing sellers more than profit taking but it's pretty choppy.
Asian Healthcare is in the Top Volume for the first time since IPO last week. The stock experienced some strong flushing and recovered.
Ronald K - Market Psychologist - A Stock Market Opportunist
