SGX Singapore Stocks & Forex Live Picks
STI Market Forecast For the Week 08-12 July 2013
Your Advisor
Publish date: Mon, 08 Jul 2013, 11:53 AM
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.
Macro-Economic Factors:
The Singapore Institute of Purchasing & Materials Management's Purchasing Managers' index (PMI) rose to 51.7 points last month from May's 51.1, staying above the 50 point level that separates expansion from contraction for a fourth consecutive month. The institute's PMI for the electronics sector dipped to 51.2 from 51.4 points in May.
Market Forecast for week ahead:
It's a 2nd week where STI continue its recovery and gain this 1st week of this month,STI crossed resistance of 3180.
STI had narrow range trading in last week. For coming week we expect that if STI will able to trade above 3180 then we expect more upward move.
If STI breached this two week low level of 3065 , than we expect more down fall in STI of more 100 points as on weekly graph STI having one support @ its up slopping trend line which ended @ 3000 mark and below this next support comes @ 2960 level. And if STI maintain above 3150 level so it can be traded above 3250.
STI Resistance:
STI having Resistance @ 3180 and above this level it may take resistance from 3215-3250 levels.
STI Support:
STI having nearest support @ 3120 below this 3095-3065 will be the support area for market.
Technical Indicators:
Technical indicators are giving positive impression.
| Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 3120 | 3095 | 3065 | 3180 | 3215 | 3250 |
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
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!
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
Collin Seow Remisier Blog
4
RHB Investment Research Reports
ST Engineering - Rolling Forward Our Valuation; Reiterate BUY
5
CEO Morning Brief
Singapore Home Sales Set for Worst Year Since Financial Crisis
#
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....
