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Today Stock Market Review
- Singapore stocks hit their highest in almost a year on today, Singapore shares inverted its earlier losses by midday to extend gains for the 3rd straight session, led by Chinese developer Hong Kong Land Holdings Ltd.
- Singapore share opens with gap down@ 3026.54, and made day low of 3016.63 and took support @ this level near to
support level of 3015, and traded higher side and made day high of 3054.90 and finally STI closed above this 3050 levels @ 3051.08 with gain of 14.68 points up by 0.48%.
- In the broader market, volume traded was light, suggesting that most investors were sidelined. A total of 1.19 billion shares changed hands, compared with 1.54 billion on Tuesday. Gainers outnumbered losers 200 to 142.
STI Stock Market Tomorrow
- STI crossed its multiple and strong resistance level of 3040 today and closed well above this level which is positive sign for Singapore equities.
- STI breached its 3040 resistance level and made a high of 3054.90 near to next resistance level of 3060, now from this
level we suppose that STI can move towards 3100 level and touch this level very soon.
- On the Daily chart STI closed above the resistance line and also as previously mentioned that in daily chart there is moving average crossover where 50 day MA level crossed 200 day MA level from below which is bullish sign.
Support for Tomorrow
STI having nearest support @ 3015 level and below this level it can take support @ 2995-2965 will be the support zone
for STI.
Resistance for Tomorrow
STI having Resistance @3060 and above this level it may take resistance @ 3080-3100 levels.
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