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Support/Resistance:As mentioned in two weeks ago, I mentioned that the chart might form a double top pattern. Currently it might be forming a bear flag pattern. If the bear flag pattern is formed, there is a chance that the chart will hit the next major support at 2550.
Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are going down. There is a lack of buying momentum at the moment.
My Target Price:
If the index reaches 2550, I will buy some shares.
1 comment:
Base on chart pattern,STI in "c" wave position.
2648 just a temp support.
Take a break,waiting a good entry timing.
strong support is 2424.
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