The charts are tipping that the Straits Times Index is poised for further correction in the near-term, Maybank Kim Eng said in a note on Monday.
But it added that technical analysis showed the longer-term trend is still positive.
”We believe buy on weakness is a good strategy,” it said.
It tipped support at 3340-3345 and resistance at 3575 and 3612.
The STI was up 1.53 percent at 3491.09 at 3:44 P.M. SGT.