STI has broken the 200D MA support and is heading to test 2660 (23.6% Fibonacci Retracement Level). If this support fails to hold, a bigger correction will happen and STI may go all the way to 2430. The current chart looks bearish but STI may rebound from 2660 support in near term but will face the resistance (200D MA) at about 2770.
- Post author:Marubozu
- Post published:May 24, 2010
- Post category:Straits Time Index (STI)
- Post comments:0 Comments