Tuesday open: 2952.95
Low: 2945.37
High: 2970.44
Closed: 2969.73
STI did a rebound after HSI gained strength in the afternoon. It closed 2969-70 which is where the daily 20MA is. I previously had a support line at 2940 but it didn't reach that low before it rebounded.
One possible reason for the rebound could be because of month end window dressing.
Do note however, that the volume was larger than Monday's. When a day's sell down happens on thin volume, it usually confirms the trend is up. But in this case, I'm not so sure due to the month end effect.
Trade safely.. I'm still sitting on cash and just tikaming some index futures on an intraday basis.
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