SGX Singapore Stocks & Forex Live Picks

SGX Stock Prices Singapore Updates

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Publish date: Wed, 09 May 2012, 07:47 PM
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SGX Stock Review Today
Singapore equities open gap down @2914.41 levels. Asian shares fell and the euro stayed under pressure as Greek politicians struggled to form a government after elections, raising the risk that a hard-won bailout could be nullified.

Singapore's key index retreated to the lowest level in more than 3 months in a regional sell-off on Greece bailout uncertainty. Straits Times Index was down 0.7 percent at 2,911.90 points after hitting an intra-day low of 2,906.33, the weakest since early February.

Singapore share prices tumbled on Wednesday with the Straits Times Index down 31.07 points to 2,900.91 amid reports of uncertainty in Europe. Volume was 1.71 billion shares worth S$1.12 billion.

SGX Stock Real Time Updates for Tomorrow
After yesterdays halt again STI opens and maintain its lower level and closed exactly the support zone of 2900 mark. If crossed this than we expect panic in market.

On the Daily Graph STI trading near to its previously formed flag patterns resistance line if it will cross this than we expect to come more downwards.

STI formed a black long candlestick pattern called The Black Marubozu is a single candlestick pattern characterized by a long black body. It does not have any shadows on either end. It is an extremely strong bearish candlestick pattern. This shows that the sellers controlled the price action from the first trade to the last trade.

STI Support
STI having nearest support @ 2985 level and below this level it can take support @ 2860-2840 which is its 200 day
AM level will be the major support zone.

STI Resistance
STI having Resistance @2915 and above this level it may take resistance @ 2935-2950 levels.

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