SGX Singapore Stocks & Forex Live Picks

STI Singapore : Weekly Technical Analysis VIew

Your Advisor
Publish date: Fri, 18 Apr 2014, 02:08 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.
Following Message

Weekly Technical view on STI
Weekly wrap of STI:
This was a bullish week for the STI, opened at3209 and an uptrend was observed which took STI for a new levels and made a high of 3259 further closed at 3253. A long green candle was formed for the week.
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
3220 3190 3160 3270 3395 3335
Macroeconomic factors:
  • Singapore made 5.1% growth in Q1 GDP on YOY basis as the announcement made by the Ministry of Trade & Industry.
  • The major sector that lead the GDP growth was manufacturing which grew 8% on YOY basis and 7% in the previous Quarter.
  • Slowdown in the annual economy growth of China between Jan-Mar 2014 to 7.4 % from 7.7 % in the previous three months.
  • Fall of 9.5 % in Retail Sales for Feb on YOY basis due to seasonal factors as Chinese New Year took place in Feb last Year.
  • Singapore's March home sales dropped to a three-month low as first-quarter private residential prices fell the most in five years.
  • Home sales slid 83% to 480 units last month compared with 2,793 in the same period a year ago, according to data from the Urban Redevelopment Authority released today. Sales fell 35% from February, the data showed.
  • Singapore Non-Oil Domestic export fell 6.6 on where there was a jump of 8.9% in Feb. Reason for the downfall was decline in electronics and non-electronics shipments, electronic export droped 3.7% Feb where 16.1% in Mar.
Technical Indicators:
Technical Indicators are showing the uptrend where RSI is above the centre line @61.21 else CCI is @ 179.12 which means that there is still a fair move for STI to take upside.
STRAIT TIMES WEEKLY WRAP
OPEN 3209.42
HIGH 3259.07
LOW 3205.96
CLOSE 3253.80
CHANGE (In Points) 55.58
% CHANGE 1.73
 STI Market Forecast for week ahead:
For this week STI almost covered a range of 43 points with few gap up opening on the daily chart, else STI broke the major resistance in this week, the next resistance for STI comes at 3285 and support at 3220 as it formed a long green candle, for the day with a short upper and lower shadow.
For the coming week a consolidation phase is expected more as there were the gap up openings in few trading sessions, else STI can break the resistance with good fundamentals & economic news for the next week.
KLCI Market Forecast for week ahead
KLCI is performing at its crucial support of 1850 and for the whole week it moving around the same level a tight range can be noticed on the chart with a little low volume for the coming week a recovery is expected in KLCI and the major resistance would be @1863 else support @ 1840.
More articles on SGX Singapore Stocks & Forex Live Picks
Bursa Malaysia Stock Market May Come Under Pressure

Created by Your Advisor | Sep 23, 2017

Is another financial crisis just around the corner?

Created by Your Advisor | Sep 16, 2017

Rules for investing

Created by Your Advisor | Sep 06, 2017

Overview on PENTAMASTER CORPORATION LTD

Created by Your Advisor | Jul 06, 2017

Gold Is At Sweet Spot For Continued Buying On Dips

Created by Your Advisor | May 31, 2017

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

SEA market ready to rate hike ahead of Fed meeting

Created by Your Advisor | Mar 07, 2017

SGX & KLCI TRADING CALLs for Today

Created by Your Advisor | Feb 22, 2017

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment