STI managed to stay above 3200 and finally it gap up and broke 3230 on 15-April. After that it range between 3250 to 3280. Again as what I analysed, after 3200 and 3230, 3280 is going to be the third major resistant to STI as FIBO 161.8% is at 3265 which is very close to 3280. Finally, today before 5pm closing, STI broke 3280. Isn't it time to celebrate. As I mentioned I prefer to see it break 3300.
If STI can broke this level and stand firmly above 3330, the next level that I will be looking at is FIBO 261% which is also last year high 3460.
If STI can broke this level and stand firmly above 3330, the next level that I will be looking at is FIBO 261% which is also last year high 3460.
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