Good evening, a short look at the STI. Above is the daily chart of the STI. Not much has changed from yesterday - price still below both 50 and 200-day moving averages - signalling continued downside. Momentum, as shown by the MACD is still in negative territory. However, the price action today appears to show that there is some buying coming in at the 3043 level. This, i mentioned yesterday, is about the last support level i can find before the next one at about 2980. Let us see if 3043 holds as support.
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