Price is sitting on a key support level and a break above the trend line could provide the bullish confirmation, currently I am keeping a close watch on how prices play out and would not consider any long positions before the break of the descending trend line
Hi Lixing, what is your view on the STI? It seems that the index is bouncing back this week but I am unsure if it is enough to break the negative trend.
lixing_gan
⋅
@Lost_in_Asia, hello! this is my view on STI from a technical perspective, love to hear your thoughts on them. These are the key resistance and support area for me now, if prices reversed below our resistance area , a break below our green trend line could give the confirmation of a further drop to our support area, you can find the chart here :