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SGX Stock Live Updtaes for Tomorrow

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Publish date: Wed, 06 Jun 2012, 08:07 PM
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STI Review for Today
Singapore Investors finally had something to cheer as STI ended in the green for the first time in five sessions with good volume and confidence of investors.

STI starts day with positive node and throughout the day it continues its euphoria and crossed the Resistance level of 2750 and made day high @ 2765.97 and finally closed @ 2760.83 with gain of 48.52 points up by 1.79%.

The Straits Times Index rose 48.52 points to end at 2,760.83. Volume was 1.24 billion shares. Gainers led losers 294 to 75.

Stock Market for Tomorrow
STI begins day with firm node and closed above the major resistance level as mention 2760, which is good sign of recovery as it took support on the major level of 200 week MA.

Today STI formed a candlestick pattern called White Opening Marubozu is a single candlestick pattern characterized by a long white body. It has an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.

STI Support for Tomorrow
STI having nearest support @ 2745 level and below this level it can take support @ 2720-2698 will be the support zone for STI.

STI Resistance for Tomorrow
STI having Resistance @2775 and above this level it may take resistance @ 2795-2815 levels.

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