It's been a long time since I posted for the STI Technical Analysis. This was because in my previous post, I mentioned that the STI will be resuming its uptrend or will at least be consolidating and for the past 3 weeks, it has been doing that. Furthermore, volume was very light due to the festive season i.e. Christmas and New Year Day thus it's pretty pointless for me to do an analysis.
Yesterday, STI closed near its high with a heavy volume that was close to 2 billion and that is significant. My opinion is that STI will continue on its uptrend if it can get past the resistance level of around 1933.
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nice research
ReplyDeleteThanks :)
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