STI started the month of May with a volatile week with moments of ups and downs. STI first opened with a gap down which broke below 2980 support level but it was able to recover and close at 2980 level. After the Labour Day holiday, STI surged strongly towards its immediate resistance level of 3000 [...]

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Last week, STI failed to hold above 2980 level on last Monday due to the revival of European economic woes. This created fears for the market participants and some choose to exit the market which caused STI to reach as low as 2958 level on Monday. However, this fearful sentiment did not continue the next [...]

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