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STI downtrend struggles to break above 2500

Writer: jeremy chojeremy cho

The STI is into its downtrend for 15th weeks now since the 24th of July 2020.


The 2500 level needs to be reclaimed and a close above 2520 will negate the correction.


The downside target of 2200 in the MT/ LT remains a viable target if a sustained recovery above 2520 and 2551 fails to materialize.





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