Good evening, daily chart of STI is attached above. Today's candle formation looks like a bullish hammer. STI also seems to have found support on the 20day moving average, bouncing strongly off that line. This level also corresponds to the previous pivot high of about 3100. Momentum based on the MACD is still down, so the near term picture is a bit mixed. A close above 3130 level is a strong sign that the uptrend established since March 2011 will continue.
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