SGX Singapore Stocks & Forex Live Picks
Singapore Stock Weekly Outlook; 14th-18th Oct 2013
Your Advisor
Publish date: Sat, 12 Oct 2013, 04:42 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.
Weekly wrap of STI:
STI shown positive move in this week and traded on higher levels also crossed its immediate resistance mark.
Week starts slightly higher side @ 3146.05 and then it's breached its major support level of 3135 and made week low @ 3122.38 and took support this level and then traded on higher levels, finally it made a week high @ 3197.17 and then closed @ 3179.71 below 3200 mark with gain of 41.63 points up by 1.31%.
Market Forecast for week ahead:
After a heavy selling in previous 2 weeks, this week STI took support on lower levels and find a way to go upward. As it closed above its 38.2% retracement level.
STI formed candles pattern called "Bullish Harami", a candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. The Bullish Harami indicates that the falling trend (bearish trend) may be reversing; it signals that it's a good time to enter into a long position. The smaller the second (white) candlestick, the more likely the reversal.
STI Resistance:
STI having Resistance @ 3205 and above this level it may take resistance from 3235-3265 levels.
STI Support:
STI having nearest support @ 3150 below this 3125-3095 will be the support area for market.
Technical Indicators:
Technical indicators are showing some recovery.
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
SGX Market Updates
2
CEO Morning Brief
Keppel DC REIT Buys Data Centres in Singapore’s Genting Lane for S$1b
3
4
CEO Morning Brief
Marina Bay Sands Eyes Singapore’s Largest Loan of US$9b — Bloomberg
5
RHB Investment Research Reports
#
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....
