STI breaks out of minor resistance, setting upside target

SINGAPORE (April 17): Chart breakouts show potential. Sometimes we never get to the potential. Still, for the Straits Times Index, there is good news, and bad news. The good news is that the STI has broken above a resistance at 2.561. The bad news is the breakout took place on low volume and volume continued to contract as the index struggled to make headway.

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