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Friday, March 23, 2012
STI Lost 3000 Support
STI unable to keep the 3000 benchmark yesterday, dropped 26 points to closed at 2979 yesterday. In short term view, STI turned to bearish now. Next support is at 2968-2956, where 2968 is the weekly S1, and 2956 is the fib target.
In the longer time view, STI uptrend is still intact, with major support at 2960, then 2935. STI weekly chart below.
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