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Market Updatesstock of the day

STI ETF:$3.685, breaks resistance.

Posted on October 18, 2024 at 8:34 am (GMT+8)

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STI ETF:$3.685, breaks resistance.

  • Monitor New Support Levels: After breaking through $3.685, traders will watch to see if the ETF can hold this level. If it does, $3.685 may become a new support level, reinforcing the potential for more gains.
  • Look for Confirmation: Traders often seek additional confirmation of the breakout by looking at other indicators (e.g., Moving Averages, RSI) or watching for sustained price action above $3.685.
  • Setting New Targets: With the resistance broken, traders might set new price targets based on previous highs or other technical levels, aiming for a continuation of the uptrend.

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