Singapore Stock Exchange

Technical Analysis Report on Singapore's STI

Alex Gray
Publish date: Wed, 15 Jan 2014, 09:43 PM
Alex Gray
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Market Review:
STI recovers from its yesterday's losses and closed with good recovery above 3135 level.
Technical view on STI 
STI Day Performance
Open
3131.33
High
3146.77
Low
3131.33
Close
3143.25
Change(Points)
+19.50
% Change
+0.62%
Volume
3423.3M
Rise
249
Fall
137
Unch
403
  Market forecast:
STI opens with gap up @ 3131 level above its yesterday's close, the gap window made by yesterdays close and todays open of almost 10 points.

Today STI formed a candlestick pattern called belt hold, which is a long white candle who does not have lower shadow but having a small upper shadow it opens low and closed near to day high as formed a small upper shadow. Belt Hold candle is a single candle which is highly bullish candlestick pattern.
For the coming days STI have to maintain above its 3120-3140 mark, if STI maintain this level then we can upside move soon, on the other side if it would not be able to maintain this than index can lose more.
STRAITS TIME LEVELS
Support 1
3120
Support 2
3105
Support 3
3090
Resistance 1
3155
Resistance 2
3175
Resistance 3
3195
Support:
STI having immediate support @ 3120 level and below this level it can take support @3105-3090 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3155 and above this level it may take resistance @ 3175-3195

Technical indicators:
Technical indicators MACD, RSI and CCI are turning down.

Top 5 Gainers
Scrip Name
 CMP
 %change
Jardine C&C
39.4
4.84
JSH 500US$
34
2.75
JMH 400US$
55.87
2.53
CapitaMall
1.88
1.35
SGX
7.12
1.28
Top 5 Losers
Scrip Name
 CMP
 %change
SIA Engg
4.96
-0.6
ComfortDelGro
1.975
-0.5
StarHub
4.22
-0.47
GLP
2.94
-0.34
ST Engg
3.86
-0.26
IMPORTANT FACTORS:
Home-buying sentiment turns extra cautious. According to Colliers International, overall private residential property prices are expected to at most slip by 5% in 2014, following 2013's moderated 1.2% increase.
Corporate Action as on 16th January 2014
Company Name
Type
Expiry Date
Record Date
Date
Paid/Payable
Particulars
Westminster
EGM








AIMSAMPI Reit
EGM








Stock for 16th January 2013:
HPH TRUST US$: stock is taking resistance @ 0.680 mark from 8 weeks this level is 50 day MA mark. If this will cross 0.68 marks then it will touch 0.750-0.800 in coming days.
HPH TRUST US$ is in consolidation phrase after taking support at lower levels so indicators are already in bullish zone.
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