It has broken down the recent low of 10.70 and close lower at 10.62 , looks rather weak and may see it goes further down to retest 10.50 & 10.45 level again.
Short term wise, I think if 10.45 level is not able to hold up well, then we may see the price sliding further down towards 10.00 then 9.50 with extension to 9.00.
With US market expecting another rate cut in the coming month, bank share price may get beaten down again.
STI is on a Bear mode/downtrend direction. I think is good o be cautious!
Not a call to buy or sell.
Pls dyodd.
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