SGX Singapore Stocks & Forex Live Picks
Straits Times Index, Market Outlook 20-Dec
Your Advisor
Publish date: Wed, 19 Dec 2012, 08:08 PM
Your Advisor
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SUPPORT 1
|
SUPPORT 2
|
SUPPORT 3
|
RESISTANCE 1
|
RESISTANCE 2
|
RESISTANCE 3
|
3140
|
3120
|
3095
|
3180
|
3200
|
3220
|
Market
forecast:
Today
STI made a new 52 week high of 3177.10, but cant able to crossed
immediate resistance of 3180 mark.
Today
STI formed a candlestick pattern called a long
upper shadow, this pattern indicates
that the Bulls controlled
the ball for part of the game, but lost control by the end and the
Bears made an impressive comeback.
STI
having next hurdle @ 3180-3220 levels, STI trades above its 76.4%
retracement level from its all time high of 3313 and low of 2521.95.
STI is in
bullish phrase as it is trading above the resistance levels and if it
will maintain above the 3110 mark it can move further upside.
Support:
STI having
immediate support @ 3140 level and below this level it can take
support @3120-3095 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3180 and above this level it may take
resistance @ 3200-3220 levels.
Technical
indicators:
Technical
indicators are seems to recover from lower levels on charts.
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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....
