STI stopped at its track

I think in my last post on STI last week, I mentioned of resistances to block its progress.

It seems that the resistance is prudence. The diagram shows that STI actually tried to break through the resistance but retracted at the end of the week.

It is after 2 days for this week and we are still not seeing STI breaking this line. If it continues to stagnant this week, we will have an an harami star, a possible indication of reversal.

The penny stocks however are having a field day, most of them regained a lot of ground by the end of today.