STI - Noon Market Analysis 24- Apr
STI Index
Refer the comments in the below chart. Today, the STI Index is yet at another important cross junction. We have a mix in the technical indicators, plus today being a friday some more. Technical Indicators are lagging, for advanced prediction, do check out the pivot point for the index. We are currently at Support 1, 1844.
If the STI Index continue to drop, this means that the market sentiment is bearish. With bearish sentiment, couple with mix technical indicators pending a breakout, we may crash to the downside. Although the final direction is anybody's guess, what is the first top priority of a trader? Risk Management.
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