Singapore Stock strengthened by China's PM Lee 7% grow bottom line statement

Asia stock markets were strengthened by China's 7% grow bottom line statement.  China's economic may avoid hard landing. And China Government could inject more projects e.g. railway network expansion to power up economic grow.

"The bottom line for economic growth is seven percent, and this bottom line must not be crossed," China's PM Li told a meeting earlier this month, the Beijing News reported.

http://www.channelnewsasia.com/news/business/international/china-s-pm-li-says-7/753080.html

 Monday STI is stronger than expected. And it close above the support levels.


                 23 June closing               Moving average 10/5 cross over          Stochastic drop below 80%
STI           3253.56                          3235                                                   3232

Technical Analysis show that STI are 20 point above turning points. Unless STI could hold above 3235, Singapore market could turn weaker.

Technical Analysis are measuring market moment to forecast market trend. But it can't predict surprise events / policy changes. Monday STI went up was happy surprise