8:27 PM
Admin
Market Review:
STI open with good gap today and closed @ its high level. In line with
regional bourses.
Singapore share prices opened higher with
more than 24 points of gap @ 3272.65 and then made a low of 3265.94 and traded
higher and made day high @ 3291.81 finally closed @ day high @ 3291.81 with
gain of 43.55 points up by 1.34%.Volume was 6.07 billion shares. Gainers led losers 268 to 232.
Today STI took a good bounce back and closed @ day high
above the 3285 mark @ 3291.81.
STI open up above its yesterdays Doji as well day before long
black candle and closed higher, it looks as took support @ its recent lower
levels and now trading in a down slopping channel, and it will be bullish if
crossed resistance line.
Now for coming days 3250 will act as a major support
zone because if STI break this level then it will be more bearish and can touch
3220 levels soon.
Support:
 |
| STI Technical Levels |
Resistance:
STI
having immediate Resistance @3300 and above this level it may take resistance @
3315-3330 levels.
Technical indicators:
Technical indicators MACD, RSI and CCI all are
in recovery mode with today’s move. As we can see in the chart, RSI trading above
its centreline @ 57.475 and CCI closed @ +27.126
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