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STI Singapore Stock Market Outlook - 16 Oct 2013
Your Advisor
Publish date: Tue, 15 Oct 2013, 09:12 PM
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Market Reviews:
Week
starts with lower node and STI closed below its 38.2% retracement
level.
STI opens lower@ 3180.69 and
continuous fall finally took support @ 3155.31 and then finally
closed @ 3165 with loss of 14.46 point down by 0.46%.
Volume was 1.9
billion shares worth S$557.9 million. Losers outnumbered gainers 305
to 121.
STI
fell sharply today, after 4 days uptrend. Closed below its 38.2%
retracement level it was a biggest decline almost in 2 weeks.
STI
opens trade in lower side and continue fell whole day, now from this
level it can be more bearish for short term.
Support:
STI having
immediate support @ 3150 level and below this level it can take
support @3130-3110 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3185 and above this level it may take
resistance @ 3205-3220
Technical
indicators:
Technical
indicators MACD, RSI and CCI all are seem to crossing its lower
levels.
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