Short sweet and simple commentary…
The STI is in a Broadening Wedge Pattern, aka Trumpet, and it has bounced off the convergent support point very recently. However, the technical fundamentals appear weak, and at risk to break down as it is near support, tested recently?
DBS has so far been a little too easy to predict, clocking the checkpoints as set out, and obviously, more bearish than initially anticipated. DBS is at bargain level, but there appears to be a chance of breaking below that to head closer to 23.
Keppel Corp just broke down of the 6.00 support. It’s looking for 5.80, in almost parabolic fashion. Potential support and turnaround over there…
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