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26

Sep

STI poised for downtrend again

Posted by Jay Chia  Published in Technical Analysis

STI failed to hold itself at 2740 support last week as the results of the FOMC meeting disappointed the market. The Fed was lacking of new stimulus tools and even hinted to be prepared for a possible recession scenario. That caused the market to lose its confidence and send the market plunging downwards. STI stayed [...]

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