Singapore STI ETF (EWS) - Royal Flush Part V
Updated
EWS really going to do it this time it seems... close below the support line.
This is premature on the weekly chart, but heads up, two things to happen...
First, a close below the support means a breakdown underway, especially if it is accompanied with a lower low.
Second, there needs to be a late week rebound strong enough to get it back above support line. Then there is half a chance for a reversal.
MACD appears not as bearish really.
VolDiv is somewhat bullish to be honest.
I'd watch this closely...
This is premature on the weekly chart, but heads up, two things to happen...
First, a close below the support means a breakdown underway, especially if it is accompanied with a lower low.
Second, there needs to be a late week rebound strong enough to get it back above support line. Then there is half a chance for a reversal.
MACD appears not as bearish really.
VolDiv is somewhat bullish to be honest.
I'd watch this closely...
Note
The week closed... WAAAAAAYYYYY worse off
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