In last week, STI gain 57 points from the opening of 2792 and close higher at 2849. A white candle sticks with little lower shadow affirms that investors are bullish on the market and willing to buy higher.

Key Economics Data report:

In the coming week, US 4Q GDP will be reported on Friday and is expected to come in approximately 3 percent, which would be the fastest pace since the second quarter of 2010.

In addition, Europe will continue to be under focus of investors as they wait for a deal between Greece’s government and private sector creditors. European finance ministers meet Monday and Tuesday.

Technical Analysis on STI

STI index re-test the critical resistance at 2856 and closed right at high which demonstrate the bullishness of the investors.

1) In weekly chart, a white candle sticks with little lower shadow affirms that investors are bullish on the global economics ...