Aug 15, TA for STI

TA for STI,

• Trend - Down (MACD - 4R1G (Bullish Reversal)
• Momentum - Oversold, Stochastic cross-over (Bullish Reversal)
• Support - 2789
• Resistance - 2937
• Candlestick - Bullish black hammer at 2789. (Bullish Reversal)
• Volume - 2x

  Since 2 Aug, STI had lost about 12%. From TA, we have finally confirmed some position bullish signal from MACD, Candlesticks and Momentum. If you are shorting STI stocks (like me), you might want to withdraw your tactic - Buy at Support. At 2937 Resistance, do watch your position - as it is the Gap Down Resistance.
  During this volatility period, do watchout the DJI at 10,720 (Support). Breaking this Support - indicates Formation of Wave C "Down Wave" - usually, it will be the longer fall.
  Looking at across the performance indices, signal seems to be calm and flat.