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STI TARGETS 2782

Writer's picture: jeremy chojeremy cho

Short term weakness observed in the Short term Daily and 4hr charts with shorts on 260121 at 2963 breaking the Daily supertrend line at 2932 targeting 2782, the supertrend pivot of the weekly charts.


Please refer to the STI Matrix to see which are the components driving the weakness of the STI. The banks have ceased their climb and the property counters and REITS have short term sell signals across the board. Keppel Corp is leading the decline in the shipping related components.


Pivot 2975

Short positions below 2975 to test 2782

Long positions above 2975 to test 3010



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