Ok. So STI rebounded today albeit a weak one. So is STI still going to be downtrend? Look no further than some of the popular counters. These counters tell a story and this will pave the way how STI will behave in time to come.
One way is see, is if there are any death crosses. Unfortunately, there are no golden crosses within my radar.
Rotary just had a death cross.(50dEMA cut into the 100dEMA)
CapitaLand - Lagi jialat (50dEMA not only cut into 100dEMA, but also cut into 200dEMA)
SGX already has a death cross (50dEMA cut into the 100dEMA)
And so, I decided to short sell CapitaLand at $3.6. and short SGX at $7.6. Next week huat. I am still also holding some of my shorts that I mentioned here
As for rotary, I shall make a decision at the $0.88 support ;)
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