SGX Singapore Stocks & Forex Live Picks
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Publish date: Mon, 14 May 2012, 08:32 PM
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SGX Stocks Review for the day
Singapore share prices opened higher on Monday with the Straits Times Index up 5.71 points to 2,889.11 minutes after its open.
Singapore shares marched higher at midday, buoyed by news China took steps to spur growth, but gains were limited by the failure of weekend talks to form a New Greek government. STI made a day high of 2898.85 and
after that it fell and made a low of 2861.23 and finally closed @ 2864.12 with loss of 19.28 points down by 0.67%.
Volume was 1.82 billion shares worth S$985.8 million. Losers outnumbered gainers 346 to 88.
SGX Stock for Tomorrow
In continuation of last week STI opens below 2900 mark and closed near to support levels.
As we mention in our previous reports that on the Daily Graph STI trading near to its previously formed flag patterns resistance line and it took support @ this line and today it breached this line and closed under the
flag formation.
We see in the chart that support line of flag touched below the 2700 mark and we can expect that STI on that level if future if it crossed its 2835 i.e. its 200 day MA level.
Support for SGX Stocks
STI having nearest support @ 2850 level and below this level it can take support @ 2835 which is its 200 day MA level and below this 2815 will be the support zone for STI.
Resistance for SGX Stocks
STI having Resistance @2875 and above this level it may take resistance @ 2895-2910 levels.
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