Technical Report On STI Weekly Analysis

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For the third week of February the STI still continues to be in uptrend & the trend seems to continue further as all the major resistance that we have forecasted in the last weekly report of 14 Feb 2014 has been broken positively for this week and our last weekly report hit accurately on our forecasted levels. As the uptrend start from 3048 the opening level at 17th Feb. and then the STI made the high of 3109.80 for this week and closed at 3099.93. For this week the market covered the movement of almost 65 points.

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