SGX Singapore Stocks & Forex Live Picks

SGX Singapore Stocks & Forex Live Picks

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Publish date: Wed, 04 Jul 2012, 08:24 PM
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Blog for SGX Singapore Stock & Forex Recommendations gives you Live Stock Picks, we provide all SGX Stock Picks, Singapore Share Prices, Forex Trading Recommendation along with STI Quotes. Get Live SGX Singapore Picks.
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SGX LIVE MARKET REVIEW Of Wednesday:

'' Singapore shares recorded their 6 straight day of gains today as they seem to be defying gravity, with traders enjoying another upbeat session.
'' Singapore opens and made day high in the early trades of 2964.61 and trades range bound and finally closed @ 2948.77 with moderate gain of 3.44 up by 0.12%
'' Singapore equities broke through a key resistance level of 2,960 this morning although it slipped back down to end the day at 2,948.8.

MARKET FORECAST For Thursday:

'' STI opens above 2945 levels and maintain itself above this level and closed @ day open @ 2948.77 levels, which is good for coming days.
'' As we previously mention in our report that technically STI looks bullish above 2910 levels and if maintain these 2945 level than this time we expect to breached its 3035 level soon.
'' STI formed a candlestick pattern a shooting star occurred it has a small real body near the bottom of the candle and a long upper shadow. During an uptrend which appears to be the case with STI, the long upper shadow indicates that the bears are gaining control and a top may occur.


SUPPORT:

'' STI having nearest support @ 2915 level and below this level it can take support @ 2900-2885 will be the support zone for STI.


RESISTANCE:

'' STI having Resistance @2965 and above this level it may take resistance @ 2985-3000 levels.


TECHNICAL INDICATOR:

'' Technical indicator MACD bullish on charts as it given bullish crossover, stochastic and RSI also showing bullishness on the charts.
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