Effective Technical Analysis Class Forecast - Expecting Short-term Bullish Bias

Straits Times Index

We held our latest Effective Technical Analysis class on 7 Aug. Above is the chart we analysed together after the class.

STI is trading nears its channel low with momentum indicator MACD also trading nearing its lows, we have expectations that selling is likely to exhaust.

Thus, we have a short-term bullish bias on STI, with alternative bias of STI breaking below Channel

Wishing all great weekend ahead.

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