1. The STI has some rebound and recover a small part of the previous weeks losses. The STI is still below is long term 'Green trend line'. Overall, the 10weeks MA is trending down together with the 40weeks MA. This still implies that the STI index is still bearish and will likely to trend down further.
Do also take note that the STI is technically oversold and some temporary rebound is likely while the longer term trend is still looking down. No changes to the forecast ahead
2. For the coming week ahead:
Resistance: 3,159
Support: 3,066
