Chart Source: Poemsview 13th oct 2019
Straits Times Index have been resisted by the downtrend line which we drew recently. Some key points we are looking at.
- STI breaking above the downtrend line
- STI breaking above the 20ema
- Good trade talks results which might help fuel the break up
With those points we’re hoping for a positive run up to the next resistance to the 50ema. The ride might not be a smooth one up as who knows what Donald Trump might tweet next.
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