Hi all, STI morning session closed at 3086, little bit change from its morning opening 3090. As I mentioned in my previous few posts, STI need to close above at least 3100 to show some bullishness. It has not show such sign so far.
On weekly chart( well, today is the last day of the week), it looks pretty bearish to me. The downtrend line is still intact, while there are still some room to downside which is at 3000( also the uptrend line). Let's see how will it go in the afternoon.
On daily chart, it has been range bound trading for the past four days. No clear direction to upside or downside, but given that weekly is towards bearish, I'd be very careful to go long at this moment. An early sign to upside is the STI close above 3100.
No comments:
Post a Comment