STI - Trendline Broken
STI broke a major up trendline today as shown in the chart. Technically, this is a sign of weakness. Although technical rebound should take place after two days of heavy plunge, the price objective for violating the trendline is set at 2,785 for the upcoming weeks.
Labels: Market Direction
posted by Market Wizards @ January 21, 2010
Comments: 0
