Fibonacci and MACD on current STI



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Fibonacci level and MACD indicator used.  

Three Bearish crossovers indicated on MACD indicator(occurs when the MACD turns down and crosses below the signal line)

Current support at 38.2%(3135) Fibonacci retracement.

If 3135 fails to hold, more downside is expected. To each his own.







The Straits Time Index (STI) is a capitalization-weighted stock market index that is regarded as the benchmark index for the Singapore stock market. It tracks the performance of the top 30 companies listed on the Singapore Stock Exchange. It is jointly calculated by Singapore Press Holding (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE).


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