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Straits Times – Shooting star with bearish divergence

Today after a bullish morning, when everyone thought it is bullish all the way, market gave a surprise and lost all its gains and closed as black shooting star. Although I would prefer this shooting star to be at a higher position, nonetheless, it is still a shooting star with indicators at overbought. In addition, there is a small bearish divergence seen with higher volume. There is a high chance of profit taking expected.
Straits Times




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