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Straits Times Index continues down trend, no reversal in sight

STI Daily chart

  1. Below previous 52-week low (2740.36, 29 September 2015).
  2. No reversal pattern.
  3. Resisted by 20-day ema (lime green).
Straits Times Index daily chart May 2015 - 01 February 2016

Straits Times Index daily chart May 2015 – 01 February 2016

 

Weekly chart

  1. At moment, STI is nearly 30% down off the top.
  2. Subprime Crisis low was 60% off the top.
  3. Appears to be supported off 2011 bottom at 2521.
  4. Other meaningful levels/zones are 2200, 1900-2000, 1400-1500.
  5. No reversal pattern.
Straits Times Index weekly chart 2007 - 01 February 2016

Straits Times Index weekly chart 2007 – 01 February 2016

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Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.

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