Wednesday 27 June 2018

STI is indeed mouth watering tasty at 3280!

Dear friends,

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!

Daniel Loh

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