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Right timing: STI breaks below consolidation range; breakdown at hand for DBS

Goola Warden
Goola Warden3/23/2018 09:39 PM GMT+08  • 2 min read
Right timing: STI breaks below consolidation range; breakdown at hand for DBS
SINGAPORE (Mar 23): Here are two charts for our technical analysis:
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SINGAPORE (Mar 23): Here are two charts for our technical analysis:

Straits Times Index (3,421, daily)
The Straits Times Index lost 91 points during the week, to end at 3,421, the lowest level since the index closed at 3,383 on Feb 7. The intra-day low in Feb was 3,340. The downmove takes the index below its triangle consolidation pattern, and below its 50- and 100-day moving averages at 3,502 and 3,464 respectively.

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