Straits Time Index : Trading Opportunity

Published On: 19 May 2023, 3.45 PM | Donny Lew, Senior Dealer


Trade Set-up:

  • Looking at the weekly chart of STI, we can see that price has formed a ranging channel.

 

Trade Execution:

  • We can look for long if price move toward support level zone(3100-3120) and form a bullish candle.
  • We can chose to take profit at the resistance level(3300).
  • However, a break below 3100 may signal a bearish move and the long trade will be void.


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