If it dropped below one month low at 3021, my next target is 2966 which is 161.8% fib level also STI 200ma.
Tuesday, October 30, 2012
STI Selling Off
STI dropped 27.9 points or 0.9% on Monday, closed at 3029.61. Its one month low is at 3021, STI close also below the trading range 3035-3088, which tells me STI heading south now, be prepared for more downside move.
If it dropped below one month low at 3021, my next target is 2966 which is 161.8% fib level also STI 200ma.
If it dropped below one month low at 3021, my next target is 2966 which is 161.8% fib level also STI 200ma.
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