The STI has broken its Long Term downtrend that started on the 1st oct 2018 with a break and close above 3108 to be confirmed when the monthly candlestick closes in another week plus.
3108 was the supertrend pivot resistance on the monthly charts that defined the downtrend for almost 26 months.
PIVOT 3050
Long positions above 3050 to target 3411 3664
Short positions below 3050 to target 3011 2892
Long term UPTREND since 190321
Medium UPTREND since 071120
Short term UPTREND since 041120
3108 was the supertrend pivot resistance on the monthly charts that defined the downtrend for almost 26 months.
PIVOT 3050
Long positions above 3050 to target 3411 3664
Short positions below 3050 to target 3011 2892
Long term UPTREND since 190321
Medium UPTREND since 071120
Short term UPTREND since 041120
Quant Strategic Singapore