In last week, STI gain 61 points from the opening of 3107 and close higher at 3168. A white candle sticks with short lower shadow indicates on the slight profit taking.

Key Economics Data report:

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Technical Analysis on STI

STI index had re-test the support at 3130 in this week and managed to rebound against this support.

1) In weekly chart, a white candle stick with short lower shadow affirms on the bullishness of the rally.

2) The weekly trading volume falls further as we approaches the holiday season.

3) MACD and RSI indicators are bullish as RSI trend upwards.

4) STI is currently supported by the support at 3130

5) The resistance turned support at 3130 is strong and likely to hold STI for time being.

Important resistance of STI: 3215 (Daily charts)

Immediate Support of STI: 3130 (Daily charts)

MY tactics: We do not suggest to buy now on ...