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31

Oct

Uptrend confirmed but expect pullback this week

Posted by Jay Chia  Published in Technical Analysis

STI managed to bounce off from 2680 support level last week and even broke multiple resistance lines. The key resistance of 2790 level was also broken quickly causing traders to chase the prices as the uptrend is being confirmed. Hence, STI ended at 2905 level which concludes one of STI’s sharpest rallies in a week. [...]

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