STI SUPPORT AT 2780

With short signals on both the 4hr and daily providing a breather just before Chinese New Year in Singapore, profit taking may just set in with support at 2780.

The weekend Supertrend support at 2780 comes into play if 2906 (Tenken line) is broken to the downside as support for the weekly uptrend to remain intact.

Pivot 2780

Long above 2780 with targets 2962 and 2989

Short below 2780 to test 2719 and 2422

STI COMPONENTS ANALYSIS