Holyfishshrine infers that STI is in a downtrend judging from the H&S here
Momoeagle says that we may have topped here
I agree with what they say. In fact, I've a very high opinion on these 2 esteemed bloggers and I take their posts seriously. However, STI is still trying its best to hold itself up albeit in a weakly manner. If the bears arnt successful, this H&S aftermath will not materialize and STI might enter consolidation mode for a while.
Its all part of the what we call - indecisive mode that STI is experiencing right now. I would just stay out from the market for awhile. Its quite obvious especially when i come out and declare that ill take a gamble of EZRA for a quick buck. And thats 'cause backside itchy heh heh.
But if STI does slide, materializing the H&S, then just enjoy the show and get ready to pick up some bargains.
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