After a mass selling, finally we see a support of STI index standing at 2776 level which also another low created last 2 weeks. We also see an open gap today where we believe will not be filled in near term. Currently STI is in a very critical phase. Breaking this support will see the index marching towards next support at 2666 level.
How high the chances for this to be happened? Normally from technical point of view, a 2 consecutive closing below the support will define a valid breakout. Hence, from here, we only can wait and see how thing is really going to before taking any further action.
