SGX Singapore Stocks & Forex Live Picks
Stock Picks: Singapore & Malaysia Technical Analysis
Your Advisor
Publish date: Mon, 02 Jun 2014, 07:51 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.
Market Review for STI:
STI opens 6.18 points high then the previous close @3303.23 ,high was marked @3305.35 for the day and closed @3302.24.The major trend is uptrend but today was in minor downtrend and then again prices followed the uptrend .
STI opens 6.18 points high then the previous close @3303.23 ,high was marked @3305.35 for the day and closed @3302.24.The major trend is uptrend but today was in minor downtrend and then again prices followed the uptrend .
STI Day Performance | |
| Open | 3303.23 |
| High | 3,305.350 |
| Low | 3,293.120 |
| Close | 3,302.240 |
| Change(Points) | +6.390 |
| % Change | +0.19% |
| Volume | 1395.7M |
| Rise | 188 |
| Fall | 228 |
| Unch | 367 |
Market forecast for STI:
STI formed a red candle for the day with a small real body and a small upper shadow, and a comparatively long lower shadow. The volume indicates the buying pressure but still the lower closing of the candle indicates a selling pressure too .In such case the buyer and seller are equally aggressive and may take the market in either buying or selling zone . The opening candle of the next day may clear the sentiments.
STI formed a red candle for the day with a small real body and a small upper shadow, and a comparatively long lower shadow. The volume indicates the buying pressure but still the lower closing of the candle indicates a selling pressure too .In such case the buyer and seller are equally aggressive and may take the market in either buying or selling zone . The opening candle of the next day may clear the sentiments.
Technical indicators:
RSI is above the centre line @64.55, where CCI @157.72
| STI LEVELS | |
| Support 1 | 3295 |
| Support 2 | 3285 |
| Support 3 | 3275 |
| Resistance 1 | 3309 |
| Resistance 2 | 3320 |
| Resistance 3 | 3330 |
- Asian markets on rise .The Euro faced a pressure because of the monetary policy while the dollar was firm this week.
- According to Singapore Commercial Credit Bureau (SCCB) the commercial prompt payment declined sharply in Q1, it reversed the uptrend from the preceding quarter.
- Oil prices high in Asian trade today because of strong Chinese manufacturing activities.
- Tiger Airways Holdings marked a sharp decline in prices in more than four months .The stock dropped 8.5%, it was the biggest intraday drop since January 24 .It made a seven months high and jumped 21 %.
- Swing Media Technology Group posted record earnings of HK$83.13 million ($13.45 million) for the fiscal year ended March 31.
| Top Gainers | Top Loosers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| SPH | 4.17 | 1.71 | Olam Intl | 2.3 | -1.71 |
| ThaiBev | 0.64 | 1.59 | HPH Trust USD | 0.74 | -1.33 |
| Noble | 1.4 | 1.08 | Golden Agri-Res | 0.57 | -0.87 |
| SGX | 6.96 | 1.02 | CapitaMall Trust | 2.06 | -0.48 |
| Wilmar Intl | 3.24 | 0.94 | HongkongLand USD | 6.99 | -0.43 |
Market Review for KLCI:
KLCI opened low by 4.91 points @ 1867.80.The high was marked @1876.17 and the low for the day was marked @1861.48.The overall trend is up while from the last 10 days the trend is down . With a minor uptrend it is again expected to reverse .
KLCI opened low by 4.91 points @ 1867.80.The high was marked @1876.17 and the low for the day was marked @1861.48.The overall trend is up while from the last 10 days the trend is down . With a minor uptrend it is again expected to reverse .
| KLCI Day Performance | |
| Open | 1867.8 |
| High | 1876.17 |
| Low | 1861.48 |
| Close | 1864.25 |
| Change(Points) | -9.130 |
| % Change | -0.49% |
| Volume | 1395.7M |
| Rise | 188 |
| Fall | 228 |
| Unch | 367 |
Market forecast for KLCI:
KLCI formed a red candle for the day with a long upper shadow and a real body which indicates that the market is down .If it breaks the level of 1862 then it may decline more .The inverted hammer formed on the previous day indicates a reversal of trend.
KLCI formed a red candle for the day with a long upper shadow and a real body which indicates that the market is down .If it breaks the level of 1862 then it may decline more .The inverted hammer formed on the previous day indicates a reversal of trend.
| KLCI LEVELS | |
| Support 1 | 1861 |
| Support 2 | 1855 |
| Support 3 | 1845 |
| Resistance 1 | 1872 |
| Resistance 2 | 1887 |
| Resistance 3 | 1897 |
Technical indicators:
RSI is just below the centre line @47.12 where the CCI is performing at -38.78
| Top Gainers | Top Loosers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| GENM | 4.22 | 3.69 | PETDAG | 24.48 | -3.01 |
| FGV | 4.34 | 2.36 | PETGAS | 23.82 | -2.78 |
| GENTING | 9.9 | 1.75 | PBBANK | 21.14 | -2.13 |
| IOIPG | 2.52 | 1.61 | CIMB | 7.22 | -1.64 |
| IHH | 4.17 | 1.46 | AMBANK | 7.24 | -1.36 |
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
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
RHB Investment Research Reports
2
SGX Market Updates
3
SGX Market Updates
US Magnificent Seven Stock DLCs Introduced for Asian Market Hours
4
CEO Morning Brief
Singapore's Core Inflation at Weakest Pace in Almost Three Years
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....
