I really like the recent drop. As i have mentioned in past articles, the support of STI is at 3300-3350.
I still maintained my view.
My view is that anything below 3300 will be a rubber band effect.
There is a strong chance of a rebound.
Looking at the chart today, i really like the candlestick formation.
It has an engulfing candle with a full body hollow candle.
Will there be a rebound from now onwards?
We shall see.
I have however set my 1st target as 3450!
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