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Wednesday, January 11, 2012

STI - Buy Signal From K39 The Last Stochastic

The STI breakout from the downtrend resistance line earlier this week.  A buy signal was generated on the "K39 - the last Stochastic technique" Immediate resistance 2,790.  Notwithstanding the buy signal and the rally, the larger trend of STI remain bearish unless it is able to break the resistance at 2,910 which is where the 200MA is. 

NOL finally breakout from the congestion zone with high volume.