STI BREAKS RANGE, TARGETS 3108
After 5 weeks of hibernation, the STI breaks range and targets 3108.
Property and bank components are leading the charge.
3108 is the LT supertrend line that has capped the STI on a downtrend since 1st Oct 2018.
The SSSA line on the monthly charts sits at 3270.
Only a break and hold above 3270 on a monthly basis will return the STI to an uptrend.
Pivot 2892
Long positions above 2892 targets 3108 3270
A break of 2892 will test 2856 and 2792
Property and bank components are leading the charge.
3108 is the LT supertrend line that has capped the STI on a downtrend since 1st Oct 2018.
The SSSA line on the monthly charts sits at 3270.
Only a break and hold above 3270 on a monthly basis will return the STI to an uptrend.
Pivot 2892
Long positions above 2892 targets 3108 3270
A break of 2892 will test 2856 and 2792
Quant Strategic Singapore
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