Sent: Thursday, March 26, 2015 9:56 AM
Subject: ****************** STI Direction: Supported above 3400 for now, NOTE LEVELS - STI NOW 3420
Subject: ****************** STI Direction: Supported above 3400 for now, NOTE LEVELS - STI NOW 3420
STI has consolidated above the 3400 – 3405 level for about a week and so far seems to be holding well. Any breakdown below this support can see trade lower back to 3380 then 3360 level which was holding since early this month. Uptrend still intact in the long term with 100 day and 200 day MA line still gently sloping upwards and lending support to current prices. Immediate resistance would stand at 3430 then 3460 for now. Those trading the index can consider accumulating on dips near 3360 if it dips.
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