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Passionate about the markets and Technical Analysis. The learning never stops!

Wednesday, March 15, 2017

STI - near term headwinds around 3160


A word of caution here.  STI could be facing some resistence around 3160 in the near term.

This is both a fibonacci 61% retracement up of the last peak-to-trough as well as a horizontal resistence (this level it was a previous support in 2014 but broke down in 2015).



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