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STI Singapore Stock Market Forecast 07-March
Your Advisor
Publish date: Wed, 06 Mar 2013, 08:08 PM
Your Advisor
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Market forecast:
Today STI took a good bounce back and closed @ day high
above the 3285 mark @ 3291.81.
STI open up above its yesterdays Doji as well day before long
black candle and closed higher, it looks as took support @ its recent lower
levels and now trading in a down slopping channel, and it will be bullish if
crossed resistance line.
Now for coming days 3250 will act as a major support
zone because if STI break this level then it will be more bearish and can touch
3220 levels soon.
Support:
STI
having immediate support @ 3265 level and below this level it can take support
@3250-3220 will be the support zone for STI.
Resistance:
STI
having immediate Resistance @3300 and above this level it may take resistance @
3315-3330 levels.
Technical indicators:
Technical
indicators MACD, RSI and CCI all are in recovery mode with today's move. As we
can see in the chart, RSI trading above its centreline @ 57.475 and CCI closed
@ +27.126
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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....
