Looking at the STI 5-day chart, I see a probable rebound as the STI's high today is at yesterday's high. And if you compare today's morning session with yesterday's afternoon session, it has already taken out the high of the previous session if you were to use a half-daily chart. I am going in!
Which stock? OCBC! Similarly to STI, it took out the high of the previous session on a half-daily chart. CCI is perfect on the rebound off the floor. It is at 2 major support lines: the 50d MA and the straight trend line drawn since March. 
I entered at 6.72, 6.59 is my cut loss, risk is 13cts, reward must be 39cts i.e 6.72+0.39= 7.11. I see overhead resistance at 7.4 thereabouts.
I am risking 1 unit at this point. I will risk another unit probably by using a daily chart with the high taking out the previous session's high.
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