Z74 weekly kangaroo pin and resuming long term downtrend

Singtel is still on a long term downtrend and has not broken out of the bear channel. On the short term it has completed its move to the top of the mini bull channel after a climatic push upwards. The higher price has been rejected however and headed back downwards on a green day for STI with most other stocks going up. Not a good sign there. Further more a Kangaroo pin has formed on weekly. Higher chance for big downwards move for Singtel.