- Trend - Down Trend (confimation by 100D crossdown 200D MA, MACD -ve downslope)
- Momentum - Oversold (confirmed by Stochastic), 40% for RSI.
- Volume - below average
- Candlestick - A black crow formation
- Pattern - break down Asymmetrical Triangle Formation (confirmation of downtrend)
- Support - 2934
- Resistance - 3100 (Support turn Resistance)
Base on TA charting, we should be officially into Down Trend. Any Long position should be reduced or closed and a Short should be prepared. From performance indexes of HSI, DJI and S&P 500, the indexes are down 6% beginning of June as compare to 3% STI.
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