STI breaks down below 6 week trading range
Looking at STI Weekly chart, price was in range for about 6 weeks and had a significant break down.
It will seem that the long term downtrend channel may be as a temporary support and further breakdown back into the downtrend channel will likely resume bearish outlook.
The past movement indicate highly cautious move, sell into exuberant strength seems higher probability than attempt for range trading.
It will seem that the long term downtrend channel may be as a temporary support and further breakdown back into the downtrend channel will likely resume bearish outlook.
The past movement indicate highly cautious move, sell into exuberant strength seems higher probability than attempt for range trading.
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