
STI support will be located near 1470 but i am doubtful this is the end of this bear cycle. We might very well see capitulation soon as hopes are raised with buyers flooding in at support of 1470. Short term plays still rules the game where the market are mainly filled with professionals playing psychological warfare with one another. Do take note if STI falls into the lower half of the down trend channel.
DJI hitting channel base, a rebound to come? feasible trading play in anticipation but do note a sustained close below support will lead to an acceleration in decline.
No comments:
Post a Comment