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Straits Times – possible support level

If Straits Times do continue to go lower, there is a strong possible support at 2870 which is near the 200 days moving average, fibonacci 38.2% support and also a rising window support (see arrow). If you have any long position, do set a trailing stop. If I am wrong about the market coming lower, your trailing stop should not be hit at all, and you will be happily ride it higher. If I am right, then you would have protected your position with the trailing stop. Either way, your capital would be nicely preserved, unless of course you show hand over the last few days…
Straits Times




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