Good evening, above is a daily, end of day chart of the STI. The STI appears to have comfortably broken through the 2700 resistance and is trending strongly upwards. It has hit resistance at the 50-day moving average and appears to have pulled back a little. Shorter term trend, as shown by the 50-day moving average, it turning to the upside. Longer term trend, shown by the 200-day moving average, is still down. Momentum is strongly to the upside.
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