*Free SGX Stock Picks* Special Offer!

Tuesday, May 15, 2012

SGX Stock Live Stock Picks & Updates

Singapore Stock Review Today
Singapore share prices opened lower back of other Asian markets , as investors liquidated riskier assets and sought refuge from the political turmoil fuelling fears of Greece's exit from the euro and threats to progress made so far to solve Europe's debt crisis.

Singapore shares marched higher after making a low of 2850 and took support that level and made a day high @ 889.42. STI closed @ 2876.70 with gain of 12.58 points up by 0.44%.

SGX Stock Live Tomorrow
Today STI touched a key support level near 2,850, its 200-day moving average of 2835.56 and rebounded from there. STI closed in positive biased.

As we mention in our previous reports that on the Daily Graph STI trading near to its previously formed flag atterns resistance line and it took support @ this line and today it breached this line but closed @ that flag
formation.

STI formed a candlestick pattern called spinning top , its lower and upper shadow are equal in length and body is smaller and White Spinning Top is observed after a long decline or a long black candlestick, this implies weakness among the bears and it is a warning about a potential change or interruption in trend.

We see in the chart that support line of flag touched below the 2700 mark and we can expect that STI on that level if future if it crossed its 2835 i.e. its 200 day MA level.

STI Support
STI having nearest support @ 2850 level and below this level it can take support @ 2835 which is its 200 day MA
level and below this 2815 will be the support zone for STI.

STI Resistance
STI having Resistance @2895 and above this level it may take resistance @ 2910-2935 levels.

Fill Form or Click here to get all SGX Stock Signals.

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Grants For Single Moms