STI : Ichimoku Chart Reading as of Nov 8, 2010

STI continues its rally since its July breakout from the kumo (highlighted by the yellow area).

Support is expected at 3208 (as identified by the Chikou Span – pink highlighted area).

Immediate support is at the gap at around 3263

Expect consolidation and gentle bullish move till Jan 2011.

By iam802

Trend trading with Ichimoku