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Tuesday, March 31, 2020

STI ETF

Chart wise, looks rather bearish!
Indeed it has managed to bounce off from the low of $2.319 on 19 March 2020 whereby the RSI was below 30 which is pretty oversold.


This rebound allow some trader to book the gain from the current price of $2.485 - $2.499 this morning.


The volume is getting thinner which may be a sign of losing momentum or not enough buying volume.


Short term wise, I think it may still go lower if it can't breakout the recent high of $2.586.

Not a call to buy or sell.
Pls dyodd.



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