SGX Singapore Stocks & Forex Live Picks
Singapore Stock Market Outlook for 17-Oct 2013
Your Advisor
Publish date: Wed, 16 Oct 2013, 09:08 PM
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Market Reviews:
After a day holiday, STI traded in plus, but overall the performance of STI is in down trend.
STI opens @3179.57 and then it made day low @ 3164.93 and then it recovers some points and made day high @ 3185.64. But finally closed below then its opening level @ 3174.03 with 8.78 points up by 0.28%
Volume was 2.5 billion shares worth S$1.1 billion. Losers outnumbered gainers 253 to 203.
Singapore's non-oil domestic exports (NODX) probably fell year-on-year for an eighth straight month in September, hurt by continued lacklustre demand for the city-state's electronics and pharmaceuticals.
Market forecast:
After a day off STI traded very narrow range and traded near its 38.2% retracement level.
As we mention in our previous report that if STI able to crossed its 3205 level in coming days then it can be bullish, but on the other side below 3150 it will be more bearish.
Support:
STI having immediate support @ 3160 level and below this level it can take support @3140-3120 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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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....
