The INDEX that cried wolf – Story of STI Backed to a corner, STI is really tested to the limits in recent months. On one hand, we can rest in the comfort that our economy is built on the foundation of sound politics and valuable human capital. But on the other hand, our hands are tied because of global geopolitical tensions on top of the grave impacts of the pandemic. If you have been staring at the chart of STI in recent weeks, you would have noticed the extent of disinterest from big-time investors and funds but at the same time our positive stubbornness from other investors holding on to what hope they have left. This tiresome tug of war is causing more than just impatience but also worries amongst passive investors as well because they have been averaging down to provide support where possible. In this week’s technical analysis, it is...