Tuesday, August 30, 2016

Singapore Straits Times Index - Rebound

The STI chart looks ugly. The market looks like it is poised for a breakdown but today, the market will rebound as it's reaching near that previous demand zone again. I am not sure if the rebound is sustainable but I shall judge it later. If I am right, after it gap up at opening later, some sellers will look to cut their losses if they longed yesterday and then it shall be a range in the minute chart. Let's see.

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Ronald K - Market Psychologist - A Stock Market Opportunist