24 Jan '12, 8am

Market Outlook (21/01/12): STI In Consolidation Mode Eye On 2906 Resistance!

Market Outlook (21/01/12): STI In Consolidation Mode Eye On 2906 Resistance!

Market Outlook (21/01/12): STI In Consolidation Mode Eye On 2906 Resistance! by Dou on January 24, 2012 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, ...

Full article: http://thefinance.sg/2012/01/24/market-outlook-210112-sti...

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