STI has been consolidating in the range of 3240 to 3320 for slightly more than a month from 24th Jan till now. Probably need a catalyst from the US markets to lift it above the 3320 resistance seen currently. A break above 3320 can see it test 3400 in the mid-term. As long as 3240 remains as a support for STI, we remain bullish. A breakout above the key resistance can see focus shifting from penny stocks to mid to large cap stocks.
No comments:
Post a Comment