Trend - Down
Momentum - Oversold
Support - 2770 and 2650
Resistance - 2937 (Gap Down Resistance)
Candlestick - Black Hammer (probably a support forming)
After days of falling like a knife, is the STI looking for a start of the technical rebound? A black bullish hammer has formed - will it be the real start of a technical rebound? Or another odd ones out? As mentioned before, VXI index is very high which indicates high volatility and bug swing from end to end. Trade Safely!
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