$Straits Times Index(STI.SI)$

STI Technical outlook based on hourly chart:

- Trading in a downtrend channel since 28 May

- Lower highs (bearish) since 28 May

- Reach the low of 3145 on 4th Jun and has since establish higher lows, forming a triangle pattern.

- Appears to have broken down from the triangle formation during the last trading hour today (bearish)

- Now holding at the horizontal support line

Current TA points towards a bearish bias over the short term. STI may move towards its next support at 3145, which is also around the mid-line of the downtrend channel.

What it takes to turn bullish?

STI has to break up from the downtrend channel and clear the previous high of 3175.

Trade with care and DYODD.

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shawnhuat
2021-06-14
shawnhuat
yes

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STI may move towards its next support at 3145, which is also around the mid-line of the downtrend channel.What it takes to turn bullish?STI has to break up from the downtrend channel and clear the previous high of 3175.Trade with care and DYODD.<img src=\"https://static.tigerbbs.com/1657698ef861805bd16f9c886bf2c74d\" tg-width=\"1246\" tg-height=\"703\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://laohu8.com/S/STI.SI\">$Straits Times Index(STI.SI)$</a>STI Technical outlook based on hourly chart:- Trading in a downtrend channel since 28 May- Lower highs (bearish) since 28 May- Reach the low of 3145 on 4th Jun and has since establish higher lows, forming a triangle pattern. - Appears to have broken down from the triangle formation during the last trading hour today (bearish)- Now holding at the horizontal support line Current TA points towards a bearish bias over the short term. STI may move towards its next support at 3145, which is also around the mid-line of the downtrend channel.What it takes to turn bullish?STI has to break up from the downtrend channel and clear the previous high of 3175.Trade with care and DYODD.<img src=\"https://static.tigerbbs.com/1657698ef861805bd16f9c886bf2c74d\" tg-width=\"1246\" tg-height=\"703\"></body></html>","text":"$Straits Times Index(STI.SI)$ STI Technical outlook based on hourly chart: - Trading in a downtrend channel since 28 May - Lower highs (bearish) since 28 May - Reach the low of 3145 on 4th Jun and has since establish higher lows, forming a triangle pattern. - Appears to have broken down from the triangle formation during the last trading hour today (bearish) - Now holding at the horizontal support line Current TA points towards a bearish bias over the short term. STI may move towards its next support at 3145, which is also around the mid-line of the downtrend channel. What it takes to turn bullish? STI has to break up from the downtrend channel and clear the previous high of 3175. 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