STI: Does Not looks Good!

STI is rejected at 200D SMA with a bearish closing marubozu candle. This level is also a reliable Support Turned Resistance trend line (in green).   STI does not looks good base on chart pattern.  Keep a close eye on the Rectangle support level at 3294 and expect more down side in the coming days if this support level broken. Tecnically STI has entered into bearish territory and start down trend. .

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Original post by Marubozu from My Stocks Investing Journey.

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