CLSA ON PRICE ACTION ; Strong support seen at the lower end of the 2024-to-date trading range of 21,700–22,182.

• September/October price-momentum divergence suggests the selloff from August highs is maturing. • CLSA believes the market is becoming increasingly vulnerable to a reversal. • This could set up another cyclical rally within the broader 21,700–22,182 to 26,000–26,300 trading range. • Setup is similar to opportunities seen around the March 2025 and April 2026 lows.

← Back to feed