8:27 PM
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SGX stock Review
All Southeast Asian stock markets fell on Thursday, mostly led by commodities shares, and on renewed global growth concerns after Chinese factory activity shrank for the 8 straight months.
After 4 straight gaps up opening, today STI opens down @ 2848.39 and trades in the same direction and made day low @ 2826.28, STI faced Resistance @ 2850.84 and finally closed near to days low @ 2830.15 with loss of 25.53 down by 0.89%.Decliners outnumbered gainers 193 to 128, as volume eased slightly to 1.21 billion shares from 1.34 billion shares on Wednesday.
Singapore stocks closed lower on disappointment at the US Federal Reserve's muted stimulus measures aimed at kick-starting the economy, while European concerns also remained in focus.
STI Stock for Tomorrow
STI facing resistance @ 2850 mark and cant able to crossed this level and fell below the support level of 200 day MA level of 2834.25.
As we know technically market is not strong and for this reason and facing resistance @ every relief rallies higher mark and fell.
Market closed near to its Support level of 2820, it’s a major support area for market, as it turns from near to 50 day MA level so it could be bearish below 2820 mark.
STI support
STI having nearest support @ 2820 level and below this level it can take support @ 2790-2760 will be the support zone for STI.
STI Resistance
STI having Resistance @2850 and above this level it may take resistance @ 2875-2895 levels.
All Southeast Asian stock markets fell on Thursday, mostly led by commodities shares, and on renewed global growth concerns after Chinese factory activity shrank for the 8 straight months.
After 4 straight gaps up opening, today STI opens down @ 2848.39 and trades in the same direction and made day low @ 2826.28, STI faced Resistance @ 2850.84 and finally closed near to days low @ 2830.15 with loss of 25.53 down by 0.89%.Decliners outnumbered gainers 193 to 128, as volume eased slightly to 1.21 billion shares from 1.34 billion shares on Wednesday.
Singapore stocks closed lower on disappointment at the US Federal Reserve's muted stimulus measures aimed at kick-starting the economy, while European concerns also remained in focus.
STI Stock for Tomorrow
STI facing resistance @ 2850 mark and cant able to crossed this level and fell below the support level of 200 day MA level of 2834.25.
As we know technically market is not strong and for this reason and facing resistance @ every relief rallies higher mark and fell.
Market closed near to its Support level of 2820, it’s a major support area for market, as it turns from near to 50 day MA level so it could be bearish below 2820 mark.
STI support
STI having nearest support @ 2820 level and below this level it can take support @ 2790-2760 will be the support zone for STI.
STI Resistance
STI having Resistance @2850 and above this level it may take resistance @ 2875-2895 levels.
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