In last week, STI plunges 144 points from the opening of 2995 and close lower at 2851. A black candle sticks with long lower shadow affirms that investors are beginning to buy on the recent dip.

Key Economics Data report:

This week was the most volatile market swings with the Dow posting 2 of its biggest point gains ever (10th biggest on Tuesday and 11th largest on Thursday) and 2 of its worst point declines ever (6th worst on Monday and 9th worst on Wednesday). This roller coaster week is the most volatile market since Lehman.

Technical Analysis on STI

STI index has broke the 2936 critical support with high volume which affirms to the bearish of the STI market.

1) In weekly chart, a black candle sticks with long lower shadow indicates that investors are beginning to go on bargain hunting.

2) The weekly trading volume rose greatly as investors go ...