gekkohot

STI downtrend struggles to break above 2500

Short
TVC:STI   Straits Times Index
The STI is into its downtrend for 15th weeks now since the 24th of July 2020.

2500 level needs to be reclaimed and a close above 2520 will negate the correction.

The downside target of 2200 in the MT/LT remains a viable target if a sustained recovery above 2520 and 2551 fails to materialize.

Quant Strategic Singapore
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