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tanreu
Jan 12, 2024 2:50 AM

Expect more range trading 

STI ETFSGX

Description

Daily PPMs are not showing any sign of momentum at the moment, hence price is expected to linger around it's current range for a few trading sessions.

The PPM1 on the weekly chart is back in trend again, even if downward facing for this week. So I expect some easing of the downward pressure on price.

Today is a Friday, and next week is predicted to have an upward momentum on the PPM1 so the trading range for the next few days could be following a slight upward drift.
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