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SOURCE FROM SINGSTOCKS.COM

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In last week, STI merely fell 4 points from the opening of 2940 and close lower at 2936. A white candle sticks with short upper/lower shadow with reduced volume compared to last week affirm that selling has eased and market has gone into consolidation stage.

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In last week, STI fell 55 points from the opening of 2995 and close lower at 2940. A black candle sticks with long lower shadow with high volume indicates the fears of the investors on the uncertainty of double dip.

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In last week, STI gains 7 points from the opening of 2988 and close higher at 2995. A black candle sticks with long upper/lower shadow similar to Doji show the lack of conviction in breaking 2 years high and investors choose to run with profits.

SOURCE FROM SINGSTOCKS.COM

In last week, STI gains 15 points from the opening of 2973 and close higher at 2988. A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify that there is little price action (as defined by the difference between the open and the close).  It is a bearish sign especially when index is near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Source by Singstocks.com

Source from Singstocks.com

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In last week, STI gains 18 points from the opening of 2833.4 and close higher at 2851.64 to mark a black candlestick with long upper/lower shadow which display that market is currently heading directionless due to unclear situation from Wall street & Europeans countries.