The Straits TImes Index STI has breached multiple support in a span of one week, definitely a trend reversal. Funds are rushing out. DI+/DI- is widening with ADX rising. OBV is correcting downwards. Only consolation is to have a slight reprieve with RSI in oversold.
3080 as next support. Failure to hold, index will strike range (3000 – 3080). This present good time to stock pick & hold good low positions. Definitely not for the small risk appetite.
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