Straits Asia – bearishness ahead after violating major trendline | Technical Analysis | Singapore Stocks


Straits Asia has broken the long-term uptrend line and the long-term horizontal support line, which suggests bearishness for the weeks ahead. The short-term target for it would be to test its old low of 1.81. Watch for the markdown phase to commence. It is only a matter of time.

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About the author

Spencer Li is a trader, investor and entrepreneur who currently manages his own portfolio of stocks, REITs, currencies, cryptocurrencies, properties, and businesses. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media. As an international speaker and avid globetrotter, he has travelled to over 50 countries to spread his knowledge.

 

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