The STI Index closed higher for the week at 3,236 but down from its intra-week high of 3,277. No big movement for this week as the STI seems to be consolidating.
1. From the chart, the STI continue to be above the long term 'Red trend line'
2. For the immediate coming week, the STI may continue to be range bound within 3,205 - 3,260.
3. A strong break above 3,260 and stay above will likely see the index trending upwards.
4. As long as the current support of 3,205 is not broken, the index testing 3,300 again is likely.
5. For the coming week ahead:
Resistance: 3,260
Support: 3,205
