8:03 PM
Your Advisor
Straits Time Levels:
Support 1:- 2950
Support 2:- 2935
Support 3:- 2915
Resistance 1:- 3015
Resistance 2:- 3035
Resistance 3:- 3050
MARKET REVIEW Of July 10~
!! After yesterdays upward move, today STI opens with deep gap down @ 2941.80 and after it closed higher side.
!! Singapore Equities open with gap down @ 2941.80 and made day low @ 2941.27, after taking support @ this lower level STI trades upward direction and crossed all the resistance levels and made a day High @ 2995.38 and finally closed @ 2989.31 with gain of 24.69 points up by 0.83%.
!! STI made high @ 2995.38 after 4th May, STI touched this level almost after 2 months and closed near to that. Volume was 2.29 billion shares. Gainers led losers 231 to 147.
MARKET FORECAST For July 12~
!! STI breached its 2 months higher level and made closed well above yesterday’s closing and closed on higher side near to day high and good resistance level.
!! As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.
!! On the daily chart STI crossed its down slopping trend line which represent the resistance level of past 2 months and today STO crossed it and sustain above this level , which is bullish signal.
SUPPORT~
!! STI having nearest support @ 2950 level and below this level it can take support @ 2935-2915 will be the support zone for STI.
~RESISTANCE~
!! STI having Resistance @3015 and above this level it may take resistance @ 3035-3050 levels.
TECHNICAL INDICATOR~
!! Technical indicators are looking Bullish on chart.
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