Market
Forecast for week ahead:
The
third day is a red day with an even lower close than the second day.
In a market characterized by uptrend, day-twos red candle close
completely below day-one, engulfing it completely. The first two
days are a classic pattern that suggests a sell-off has taken over
the market and is breaking the established trend. This bearish
reversal is confirmed by a still lower day on day-three.
STI
Resistance:
STI
Support:
Technical
Indicators:
Technical
indicators are giving Bearish impression, MACD give its bearish
crossover, RSI trading return from 77.56 level to 54.786 and CCI also
turning from high level to 48.04.