SGX Singapore Stocks & Forex Live Picks
STI Singapore Weekly Outlook for next Week 15-19 April
Your Advisor
Publish date: Fri, 12 Apr 2013, 07:59 PM
Your Advisor
0 10,452
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.
Market Reviews:
Last week were mixed as per the trading point of view, STI traded both the sides and finally closed neutral.
STI open flat @ 3294 levels then traded lower and made week low @ 3278.41. STI recovers from its lower level with peer market sentiments and made week high @ 3314.91 and finally closed @ 3294.19 with loss of 5.59 down by 0.16% wow basis.
STI Weekly Outlook for week ahead:
It's a 2nd consecutive week where STI closed in loss, and below its 3300 mark which is bearish signal.
STI formed a candlestick pattern called "High Wave Spinning top" is candlestick that has an open and close price near each other which produces a small real body and colour is of no importance.
They also have long upper and lower shadows that significantly exceed the length of the body. These types of candlesticks indicate indecision and subsequent consolidation.
STI trading in a consolidation phrase between the ranges of 3220-3320 levels, either side breakout will give the clear move for coming days.
STI Resistance:
STI having Resistance @ 3320 and above this level it may take resistance from 3335-3350 levels.
STI Support:
STI having nearest support @ 3260 below this 3240-3220 will be the support area for market.
Technical Indicators:
Technical indicators are giving mixed impression.MACD looking good.RSI trading above its centreline @ 64.727 and CCI also turning upwards and trading at 69.48.
| Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 3260 | 3275 | 3220 | 3320 | 3335 | 3350 |
More articles on SGX Singapore Stocks & Forex Live Picks
There's No Recession, but a Market Correction Could Cause One
Created by Your Advisor | May 10, 2017
TECH TARGETS: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB
Created by Your Advisor | Mar 23, 2017
M Asia Trade Tech Targets: EUR/USD, AUD/USD, NZD/USD, USD/JPY - UOB
Created by Your Advisor | Mar 22, 2017
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
THE SINGAPOREAN INVESTOR
Investing in Singapore's Hospitality Scene: A Look at the 5 Listed REITs
2
RHB Investment Research Reports
Food Empire - Expanding Ingredients Capability in Vietnam; BUY
3
reitsnewsletter
4
SGX Market Updates
5
RHB Investment Research Reports
ST Engineering - Rolling Forward Our Valuation; Reiterate BUY
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
