1. The STI retrace the loss for the week and close slightly back up at 3,013 for the week. The STI is technically oversold. There should be some bounce up towards the range of 3,050 - 3,100 but the extend should likely be limited.
2. Generally, the STI is still below its long term 'Green trend line'. The 10weeks MA is trending down together with the 40weeks MA. This implies that the STI is still biased towards the downside
3. For the coming week ahead:
Support level: 2,950
2. Generally, the STI is still below its long term 'Green trend line'. The 10weeks MA is trending down together with the 40weeks MA. This implies that the STI is still biased towards the downside
3. For the coming week ahead:
Support level: 2,950
