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Singapore Stock Review
Singapore equity opens higher above resistance level of 2850 @ 2853.77 and closed with gain.
Singapore shares extended gains from the previous day to the highest in about one-and-a-half months, Straits TimesIndex rose as much as 1 % to 2,869.29 points, the strongest level since May 16.
The STI index ended 5.22 points higher at 2,846.82 on a volume of 1,397 million shares.
There were however 144 gainers against 211 losing issues.
SGX Stock for Tomorrow
STI today opens higher and come down to fill the gap of yesterdays closed and trades higher side and finally closed with moderate gain.
As we know technically market is not strong and for this reason and facing resistance @ every relief rallies higher mark and fell.
STI formed a candlestick pattern a long upper shadow occurred. This is typically a bearish signal particularly when it occurs near a high price level, at resistance level, or when the security is overbought. As we know SRI trading near to its Resistance level.
STI Support
STI having nearest support @ 2835 level and below this level it can take support @ 2820-2800 will be the support zone
for STI.
STI Resistance
STI having Resistance @2870 and above this level it may take resistance @ 2895-2910 levels
.
Singapore equity opens higher above resistance level of 2850 @ 2853.77 and closed with gain.
Singapore shares extended gains from the previous day to the highest in about one-and-a-half months, Straits TimesIndex rose as much as 1 % to 2,869.29 points, the strongest level since May 16.
The STI index ended 5.22 points higher at 2,846.82 on a volume of 1,397 million shares.
There were however 144 gainers against 211 losing issues.
SGX Stock for Tomorrow
STI today opens higher and come down to fill the gap of yesterdays closed and trades higher side and finally closed with moderate gain.
As we know technically market is not strong and for this reason and facing resistance @ every relief rallies higher mark and fell.
STI formed a candlestick pattern a long upper shadow occurred. This is typically a bearish signal particularly when it occurs near a high price level, at resistance level, or when the security is overbought. As we know SRI trading near to its Resistance level.
STI Support
STI having nearest support @ 2835 level and below this level it can take support @ 2820-2800 will be the support zone
for STI.
STI Resistance
STI having Resistance @2870 and above this level it may take resistance @ 2895-2910 levels
.
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