From the chart of STI, a very significant technical development had occurred.  In the month of March’08 we saw the downtrend line broken on 27^th March 2008. This signifies that there will be a change in the prior downtrend. Investors and traders can look forward to the development of an uptrend in the upcoming weeks. However, the stubborn resistance level at 3189 must first be broken. Market had tested this resistance in the first week of April 2008 but wasn’t successful to close firmly above it. This is only normal as we know gravity exist in the stock market. After we failed to break the resistance, STI retraced backwards to test the 3030 support, it was interesting to observe that the selling was well absorbed and market found a short-term bottom shortly. In a bear market, resistance will hold and support will be easily broken. Similarly, in a bull market the opposite is true. Hence when the STI found support at the 3000 support level, the odds of an impending bullish trend developing is high. While we enjoy the uptrend, readers should observe and treat any pull back in the index or individual stock seriously as we cannot rule out that this could be a typical bear market rally only. Let us be prudent and not get caught by any sudden market plunge. Going forward, the next target level for STI will be 3300. Reader may also use the 20-day moving average to track the direction of STI for trading opportunities. With the outlook for STI in mind, let us now look at the three interesting stocks.