Resistance 2: 3,467
Resistance 1: 3,357
Support Broken (9th July): 3,267
Support 1: 3,201
Support 2: 3,150
From my recent update, in STI Gapped down,
“STI gapped down yesterday. The following week is critical. If the gap is covered, uptrend remains. If there is a breakaway gap confirmation, 3,378 region will be tested and trend reversal.”
Uptrend line at 3,378 region was broken and fell below 3,357 support.
STI is trading sideways in a range between 3,267 and 3,357.
It is key to note that STI did not break 3,267 support with confirmation.
STI will consolidate sideways in a range. If STI breaks through 3,267, it forms a downtrend.
3,357 has formed a strong resistance.
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