A sharp drop of 1.15% in ST index today, breaking support of the minor uptrend line. A further support break of the major support trend line at 3100 (red circle 1) could see the index goes back down to 3000 (red circle 2) and then 2700 (red circle 3) before we could see the next bounce. Meanwhile, it looks wiser to have cash on hand and entry on support bounce.
No comments:
Post a Comment