SGX Singapore Stocks & Forex Live Picks
Straits Times Index - Technical Outlook 04 Jun 2013
Your Advisor
Publish date: Mon, 03 Jun 2013, 08:30 PM
Your Advisor
0 10,453
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:
Singapore shares fell to their lowest in nearly seven weeks, led by drops in banking stocks which were weighed down by slowing loan growth in April, while concerns about the duration of the U.S. Federal Reserve's stimulus kept market sentiment muted.
STI opens with gap @ 3287.10 levels and made day's low @ 3279.54 and then took support at that level and recovers some point made a high of 3304.07 but again fell down and finally closed @ 3291.080 with loss of 20.29 points down by 0.61%. Some 2.91 billion shares, valued at S$1.66 billion were traded. Losers outnumbered gainers 262 to 188.
Singapore banks are maintaining guidance for mid-single digit to 10 %loan growth for the full year vs. 7 %loan growth for the system YTD (year to date) April 2013. it would be shown lack of near-term positive catalysts for the (banking) sector with margins under pressure and loan growth to slow
Market forecast:
STI dropped its 185.18 points from its recent made high of 3464 mark and after making this high it continuously trading lower side.
STI fell below its rising line since March which took support @ 3234.67, 3264.08, but today it opens below this level and also closed below this which is bearish signal.
Today STI formed a long black candlestick called "Falling window "a gap or called window between the low of the 1st candle and high of the 2nd candle. Falling window is a bearish formation. It defines a resistance zone. If future candles do not close in the resistance zone especially above the critical resistance line then this bearish effect remains valid.
Support:
STI having immediate support @ 3260 level and below this level it can take support @3235-3200 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3305 and above this level it may take resistance @ 3335-3365 levels.
Technical indicators:
Technical indicators MACD, RSI trading below centreline @ 32.119, CCI currently traded @ -209 levels.
| Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 3260 | 3235 | 3200 | 3305 | 3335 | 3365 |
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
CEO Morning Brief
Singapore Post Shares Slide After CEO Fired Over Whistleblower Report
2
3
Johor house best buy
4
CEO Morning Brief
DBS Shares’ 43% Rally Seen Having More Legs as Wealth Fees Rise
5
CEO Morning Brief
#
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....
