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Publish date: Thu, 10 May 2012, 08:06 PM
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SGX Stock Tomorrow
Singapore share prices opened lower on Thursday with the Straits Times Index down 11.18 points to 2,889.73 minutes after its open.
Singapore shares are predicted to weigh down on Thursday to weak quarterly earnings from blue chip companies such as Singapore Airlines Ltd, Neptune Orient Lines Ltd and Wilmar International Ltd.
Straits Times Index lost 0.2 percent at 2894.94, hitting a three-month intraday low at 2,887.82
Stock Market for Tomorrow
After yesterdays heavy fall today STI opens with gap but closed above the yesterdays closed and gain 2.69 points @ 2903.60 levels.
On the Daily Graph STI trading near to its previously formed flag patterns resistance line and today it took upport @ this line and made a low of 2887.82 and closed well above that level .if it will cross this than we expect
to come more downwards.
STI formed a candlestick pattern called 'Hammer' this type of candlestick formed after a bearish move and Sign recovery in the near term.
SGX Support level for Tomorrow
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.
SGX Resistance level for Tomorrow
STI having Resistance @2915 and above this level it may take resistance @ 2935-2950 levels.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
