After a great holiday, we have a bullish set up on STI. Last week it ends with a bullish white candle, after four weeks down in a row. My bias is to the upside, market is much promising to continue rebound.
But a caveat here, it looks a lot of resistance overhead of STI, given the holiday season, I wonder is there enough strength for STI to push through these resistance levels as indicated by red line below chart.
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