Trend - Up (confirmation with MACD +ve range ) or Side trend along 100D MA.
Momentum - >50%, moderate well support.
Candlestick - 2 white soldiers - bullish reversal
Volume - High volume above average 20Days Moving Average
Support - 3180 - (resistance turn support - signal of strong momentum)
Resistance - 3228
Historical Resistance - 3311 (3.3% from 3196 to 3311 - Watchout for this range)
STI is performing very well last week, a doji candlestick is formed on the higher LOW, then a 2 white soldier with high volume on Thursday and Friday. Now, it is turning resistance to support. If you are planning to enter the market, do watch out for the resistance line - 3228 and 3311 (historically resistance - 3.3% from 3196). Good luck for next week trading.
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