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Singapore Stock Markets Outlook for Today 12-Nov

Your Advisor
Publish date: Wed, 12 Dec 2012, 09:11 AM
Your Advisor
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Following Message
SUPPORT 1
SUPPORT 2
SUPPORT 3
RESISTANCE 1
RESISTANCE 2
RESISTANCE 3
3095
3065
3035
3140
3170
3200

STI now clearly traded above the 3110 mark, and closed well above this level which is a sign of sustainability.

Today STI formed a same candlestick pattern as yesterday because the same movement we had notice today also, which is having a long upper shadow and small body without lower shadow, which denotes that bears were heavy on bulls and pressurise the market to close on lower levels.

STI facing strong Resistance its 3140 levels it's not easy for STI to crossed its very quickly and also the last week rally one of the reason for halt. Last week STI traded in a straight upward direction which is the reason of cautiousness in investors.

STI is in bullish phrase as it is trading above the resistance levels and if it will maintain above the 3095 mark it can move further upside.

Support:
STI having nearest support @ 3140 level and below this level it can take support @3170-3200 will be the support zone for STI.

Resistance:
STI having Resistance @3095 and above this level it may take resistance @ 3065-3035 levels.

Technical indicators:
Technical indicators are seem to recover from lower levels on charts.
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