Chart courtesy of Chartnexus.com
Technical Analysis of Singapore Straits Times Index is as per illustrated in Daily Chart above.
The above are the sell-the-market and exit warnings.
3262 points -3311 points (RED CIRCLED EXIT 4) represents the Bear Market Transition Confirmation point for final chance to exit. The bear market transition is also confirmed by the FFA.
Market investors' investments will continue to suffer more long term wealth vapourisation from here on.
Straits Times Index STI will break down 3000 points psychological support from here.
Long Term Straits Times Index Target is 1512.81 points or less for this Bear Market.
3262 points -3311 points (RED CIRCLED EXIT 4) represents the Bear Market Transition Confirmation point for final chance to exit. The bear market transition is also confirmed by the FFA.
Market investors' investments will continue to suffer more long term wealth vapourisation from here on.
Straits Times Index STI will break down 3000 points psychological support from here.
Long Term Straits Times Index Target is 1512.81 points or less for this Bear Market.
Note
Exit 1:
Refer to Orange Circles making up the support-resistance
Exit 2:
Refer to Light Orange Circles making up the support-resistance
Exit 3:
Refer to Light Yellow Circles making up the support-resistance
Exit 4:
Refer to the Light Blue down-channel
Donovan Norfolk Technical Rating:
Bearish
Bear Market Transition
(Sell on Rebounds)
Bearish
Bear Market Transition
(Sell on Rebounds)
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