STI Market Outlook for The Week Ahead - 03rd to 07th Dec

SUPPORT 1	SUPPORT 2	SUPPORT 3	RESISTANCE 1	RESISTANCE 2	RESISTANCE 3
3015	2995	2965	3090	3115	3145

STI trading above its 61.8% retracement level of 3013.15 (3313.61, 2921.95), and closed well above this level.

STI formed a candlestick pattern called White Opening Marubozu is a single candlestick pattern characterized by a long white body. It has an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.

For the coming week STI look volatile, because it is trading near the resistance level of 3090-3110 and face some pressure to breach this level if crossed the resistance then we can see the continue uptrend.

STI Weekly Support Levels

STI having nearest support @ 3015 below this 2995-2965 will be the support area for market.

STI Weekly Resistance Level

STI having Resistance @ 3090 and above this level it may take resistance from 3115-3145 levels.

Technical Indicators

Technical indicators suggest the impression of being in recovery mode.

Weekly Wrap of STI Markets

After fell below its 50 week MA level STI recover some points in previous week and this week STI recovers its previous 5 weeks losses and closed higher.

STI opens above the psychological level of 3000 @ 3001.52 and traded in the northward direction, it made low of 2997.87 in the week and took support @ this level and made week high @ 3083.26 levels. Finally closed @ 3069.39 with gain of 80.11 points up by 2.70% wow basis.

Macro Economic Factors

October Industrial Production contracted for the 3rd consecutive month by 2.1% y/y. However, it contracted less than in September (-2.8%) largely due to an improvement in electronics output (October: -6.1% y/y; September: -13.2%) and chemicals (October: +13.7; September: - 0.4%).

STI Technical Outlook for Today 30-Nov

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3020	3000	2980	3065	3085	3100

STI rebound from its 2997 levels yesterday and today it crossed stepwise levels like opens above its 50% retracement level of 3022.03 and then crossed 50 day MA level after 17 trading days and crossed its 61.8% retracement  level of 3043.06 and closed above this level.

Today STI formed a candlestick called The White Opening Marubozu is a single candlestick pattern characterized by a long white body. It has an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.

STI is in bullish phrase as it is trading above the resistance levels and if it will maintain above the 3020 mark it can move further upside.

STI Support Level

STI having nearest support @ 3020 level and below this level it can take support @3000-2980 will be the support zone for STI.

STI Resistance Level

STI having Resistance @3065 and above this level it may take resistance @ 3085-3100 levels.

Technical Indicators

Technical indicators are seems to recover from lower levels on charts.

Stocks of The Day - Singapore Exchange

COSCO Corporation (Singapore) Limited:

COSCO bags contract worth over US$41m.The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Guangdong) Shipyard Co., Ltd has secured a contract from a European company to build the two bulk carriers of 35,500 dwt each will be built.

The total contract value for the two bulk carriers is over US$41 million. Both vessels are scheduled for delivery in the second half of 2014.

Olam International Ltd:

Singapore's Olam International Ltd rose 3 %, after hitting a 3.5 year low on Wednesday, as analysts said the commodity trader's detailed defence against allegations from short-seller Muddy Waters was largely satisfactory.

SembMarine wins US$806m deal

SembCorp Marine Ltd, through its Jurong Offshore Pte Ltd's wholly-owned subsidiary, has secured a drillship contract worth US$806.4 million from Sete Brazil Participators SA (Sete Brasil).

The contract will be for the design and construction of a drillship based on Jurong Shipyard's proprietary Jurong Espadon drillship design, it said Thursday.

The unit is scheduled for delivery no later than the third quarter of 2016.

This is the seventh unit of a series of drillships secured by the group since February 2012, Sembcorp Marine said.

KTL Global Ltd:

It has received orders worth around US$9.3 million (S$11.3 million) from two subsidiaries of Ezra Holdings Ltd.

It will be supplying US$3.2 million worth of mooring chains and accessories under the first order from EMAS Offshore Construction, and US$6.1 million worth of side thruster and shaft, and reduction gearbox propellers, under the second order from Triyards Marine Services Pte Ltd.

KTL expects these deals to contribute to its financial performance for the year ending June 30, 2013.

CapitaLand:

CapitaLand unit Allamanda Residential Development has placed the top bid for a 99-year leasehold private housing site at Bishan Street 14. Its bid of S$505.1 million, or S$852.94 per square foot per plot ratio (psf ppr), was 3.1 per cent higher than the next highest bid of S$490.1 million (S$827.61 psf ppr) from a joint venture involving Singland Homes, UOL Venture Investments, and Orix Investment and Management.

Singapore Stocks Rise - Shares at 3 Week High

Singapore shares rose nearly 1 percent by midday to a three-week high, led by rigbuilder Sembcorp Marine Ltd after it won a drillship contract worth more than $800 million.

Shares were also buoyed by optimistic comments from a senior U.S. lawmaker on the country reaching a budget deal before the year-end that would ease the fiscal crisis.

The Straits Times Index climbed 0.9 percent to 3,040.43 points, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 1 percent.

Sembcorp Marine rose 4.1 percent to S$4.56 after it said it had won its seventh drillship contract worth $806.4 million from Sete Brasil Participaces S.A.

"We believe delays faced by Brazilian yard, EAS, could lead to more rig contracts for Sembmarine from now till 2013, as a stop-gap measure by Petrobras," said CIMB Research in a note.

Olam International Surged by 4% to S$1.56

Commodity companies Golden Agri-Resources and Olam International were the strongest gainers on the index, with the former rising 4.7 percent to S$0.665.

Olam climbed 4 percent to S$1.56 after it put up a detailed defence against short-seller Muddy Waters' allegations questioning the company's accounting practices and acquisitions.

STI Market Outlook For Today 29-Nov 2012

STI Technical Levels


Resistance 1 : 3025

Resistance 2 : 3040

Resistance 3 : 3060

Support 1 : 2995

Support 2 : 2960

Support 3 : 2940

STI shed its 7 days straight up trend and closed in negative but above the 3000 mark which is good. STI having a good support @ 2995 levels.

STI faced resistance @ its 61.8% retracement level and today make lower high then yesterday; also formed a candlestick looking like An Umbrella is a type of a Doji characterized with no upper shadow but a long lower shadow. The long lower shadow shows the evidence for buying pressure, but the position of low price indicates that plenty of sellers still are around. Umbrella is interpreted as a reversal pattern.

STI trading above 3000 mark today which is good recovery sign, if it will sustain above this level then shortly will see more upside trading in STI.

STI Support Level

STI having nearest support @ 2995 level and below this level it can take support @ 2960-2940 will be the support zone for STI.

STI Resistance Level 

STI having Resistance @3025 and above this level it may take resistance @ 3040-3060 levels. 

Technical Indicators

Technical indicators are seems to recover from lower levels on charts.

STI Market Outlook For Today 28-Nov 2012

After 3 weeks, STI closed above the 3010 levels and crossed its 3015 which is 61.8% retracement level for STI it touched and closed near to that level.

It’s a 7th straight gain in STI and its formed a bullish candlestick pattern called White Opening Marubozu it is a single candlestick pattern characterized by a long white body. It has an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.

STI trading above 3000 mark today which is good recovery sign, if it will sustain above this level then shortly will see more upside trading in STI.

STI Intraday Support Level

STI having nearest support @ 2995 level and below this level it can take support @ 2960-2940 will be the  support zone for STI.

STI Intraday Resistance Level

STI having Resistance @3025 and above this level it may take resistance @ 3040-3060 levels.

Technical indicators

Technical indicators are seem to recover from lower levels on charts.

Singapore Stock Recommendation - SGX

Scrip Name	Action	Holding Period	Pivot	Resistance	Support
Singapore Technologies Engineering Ltd.	Long	15-20 DAYS	3.54	3.62-3.72-3.80	3.48

Technical Outlook:

ST Eng. currently in uptrend and seems bullish from this level. Recently it took support @ 3.40 marks and trading above 50 day MA level of 3.517.

ST Eng. is trading well above its 61.8% retracement level which is again a bullish sign and if we see recent trading activity of this stock it is in consolidation phase trading between the ranges of 3.62-3.40.

ST Eng crossed its Resistance level of 3.51 and currently traded @ 3.53; it could be bullish above this 3.53-3.54 level and take support @ 3.40 marks in near term.

Technical indicator RSI is above its neutrality area at 50. The MACD is positive and just near to its signal line. The stock could retrace in the short term. Moreover, the stock is above its 200 and 50 day MA (respectively at 3.247 and 3.517). 

Straits Times - Trading Strategy for Today 27-Nov

STI closed its 2 week higher level and traded well above its 200 day MA level of 2974.18. STI looking bullish above its 2970 mark.

It’s a 6th straight gain in STI and its formed a bullish candlestick pattern called White Opening Marubozu it is a single candlestick pattern characterized by a long white body. It has an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.

STI trading above 3000 mark today which is good recovery sign, if it will sustain above this level then shortly will see more upside trading in STI.

STI Support Level

STI having nearest support @ 2990 level and below this level it can take support @ 2960-2940 will be the support zone for STI.

STI Resistance Level

STI having Resistance @3015 and above this level it may take resistance @ 3040-3060 levels.

Technical Indicators

Technical indicators are seem to recover from lower levels on charts.

STI Market Forecast For The Week Ahead: 26-30 Nov

Market Forecast for week ahead:

• Last week STI dropped below the 50 week MA level, but this week it open and closed well above this level.

• As per our previous report we told that either side break 3100-3000 will decide the direction and STI breached its support level and fell below 3000 mark. Will expected more panic below 2930 levels.

• For the coming week STI look volatile, because it is trading near the resistance level and face some pressure to breach this level and look further bearish below 2940 levels.

STI Resistance:

STI having Resistance @ 3010 and above this level it may take resistance from 3030-3050 levels.

STI Support:

STI having nearest support @ 2950 below this 2920-2900 will be the support area for market.

Technical Indicators:

Technical indicators give the impression of being in recovery mode.

Straits Times Index - Market Outlook for Today 23 Nov

MARKET REVIEW

Singapore shares climbed by midday, extending their gains for the fourth consecutive session. It was a super rally by STI. 

STI opens above 2970 level @ 2973.46 and then it extended it gain by midday and made a day high @ 2990.02 and closed just below day high level @ 2986.63 with gain of 26.33 points up by 0.89% .Volume was 2.92 billion shares valued at S$1.24 billion. Gainers led losers 280 to 126.

STI MARKET OUTLOOK FOR TODAY 23-NOV

£Singapore shares traded well above its 200 day MA level of 2974.18 and closed above this level which is good sign for further move.

It's a 4th straight gain in STI and its formed a bullish candlestick pattern called White Opening Marubozu it is a single candlestick pattern characterized by a long white body. It has an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.

STI trading above 2970 mark today which is good recovery sign, if it will sustain above this level then shortly will see more upside trading in STI.

STI Support Level

STI having nearest support @ 2960 level and below this level it can take support @ 2940-2920 will be the support zone for STI.

STI Resistance Level

STI having Resistance @2995 and above this level it may take resistance @ 3010-3035 levels.

Technical indicators

Technical indicators are seems to recover from lower levels on charts.

STI Market Outlook - 22 Nov 2012

Singapore shares open lower below its 200 day MA level, but movement was quite good today in STI we saw a both rally in the STI.

Singapore shares open in the range of 2955 and made high of 2667.29, made a lower high from yesterday but the trading opportunity were there in the market today.

STI trading above 2950 mark today which is good recovery sign, if it will sustain above this level then shortly will see more upside trading in STI.

STI Support Level

STI having nearest support @ 2940 level and below this level it can take support @ 2920-2900 will be the support zone for STI.

STI Resistance Level

STI having Resistance @2970 and above this level it may take resistance @ 2985-3000 levels.

Technical Indicators

Technical indicators are seems to recover from lower levels on charts.

STI Singapore Stocks - Trading Strategy

STI Singapore - Trading Strategy for 21-Nov 2012

(Click on image to enlarge the post)

Straits Times Index - Market Outlook for 21 Nov 2012

STI opens high with good gap @ 2967.08 and then made a high of 2973.24 , after making day high it traded in a range, in a second half STI breached its 2963 levels fell down and took support @ 2953.43 levels. Finally closed @ 2958.82 with gain of 7.89 points up by 0.27%. Volume was 2.21 billion shares worth S$1.31 billion. Gainers outnumbered losers 199 to 179.

Singapore share touched its 200 day MA level of 2974.39 but closed below this level. From last 2 days movement seems that recovery was due as recently market fell badly.

STI trading above 2950 mark today which is good recovery sign, if it will sustain above this level then shortly will see more upside trading in STI.

STI Support Level

STI having nearest support @ 2940 level and below this level it can take support @ 2920-2900 will be the support zone for STI.

STI Resistance Level

STI having Resistance @2960 and above this level it may take resistance @ 2980-2995 levels.

Technical Indicators

Technical indicators are seem to recover from lower levels on charts.

Penny Stocks To Watch Today 20-Nov

OLAM INTERNATIONAL LTD

Commodities firm Olam International requested for a halt in the trading of its shares "pending clarification".

NERA TELECOMMUNICATIONS LTD

Northstar Group, which manages $1.2 billion in committed equity capital dedicated to Southeast Asia, said it had agreed to buy a controlling 50.05 percent stake in Singapore's Nera Telecommunications from Eltek ASA.

As a result of the deal, Northstar will launch a general offer for all the shares it does not own at S$0.49 a share. Nera shares were last traded at S$0.52.

UNITED OVERSEAS BANK LTD

Singapore's United Overseas Bank said its unit, UOB Asset Management Ltd, had agreed to acquire ING Funds (Thailand) Company Ltd for 10 million euros ($12.8 million). The completion of the acquisition is conditional upon regulatory approvals in Europe, Thailand and Singapore, UOB said.

YOMA STRATEGIC HOLDINGS LTD

Myanmar-focused property developer Yoma Strategic launched a share sale on Monday to fund the building of a luxury real estate project in the frontier market, coinciding with the historic visit by U.S. President Barack Obama.

NOBLE GROUP LTD

International grains exporter Noble Group Ltd plans to build a soy-crushing plant in Paraguay, the world's No. 4 exporter of the oilseed, an industry group in the South American country said.

Straits Times Index - STI Outlook for 20 Nov 2012

Singapore share traded above its 50 week MA level of 2942.23 and closed in positive node. We can expect recovery from this level.

STI took support @ its 2945 levels near to 50 week MA level, but traded in a very narrow range today. For the coming days it has to maintain above 2940 levels so it can move further upwards.

STI Support Level

STI having nearest support @ 2940 level and below this level it can take support @ 2920-2900 will be the support zone for STI.

STI Resistance Level

STI having Resistance @2960 and above this level it may take resistance @ 2980-2995 levels.

Technical Indicators

Technical indicators are looking to loose strength on charts.

STI Review - End of Day Summary 19-Nov

Singapore shares opened higher on Monday with the Straits Times Index up 3.8 points. Asian markets mostly rose Monday on optimism that US lawmakers will be able to agree a deal to avert a "fiscal cliff" that would tip the world's biggest economy back into recession.

STI opens high @ 2955.47 and then it made a day high @ 2958.51 and lost some points and made a day low 2945.63 and then traded in very low range and finally closed @ 2950.93 with gain of 5.30 points down by 0.18%.

Singapore Stocks to Watch Today 19-Nov 2012

SINGAPORE STOCKS TO WATCH

SEMBCORP MARINE LTD

Oil rig builder Sembcorp Marine said its unit, Jurong Shipyard, and Oslo-listed Prosafe SE had finalized a contract to build an accommodation semi-submersible rig worth $295.2 million. Pro-safe has options for three more units.

GOLDEN AGRI-RESOURCES

Palm oil firm Golden Agri-Resources said it had issued 1.5 billion ringgit ($488.4 million) worth of Islamic medium term notes. The notes will mature in 2017 and have a rate of 4.35 percent per year.

FRASER AND NEAVE LTD

Fraser and Neave (F&N) said on Friday it would distribute gains from the sale of Tiger Beer maker Asia Pacific Breweries to shareholders only after the Singapore property and drinks conglomerate is no longer the subject of a takeover offer. 

A group led by Singapore property firm Overseas Union Enterprise Ltd launched a S$13.1 billion ($10.7 billion) bid for F&N last week, challenging a takeover offer for the conglomerate from Thailand's third-richest man.

STI Market Outlook For The Week Ahead 19-23 Nov 2012

STI took support near to its 50 week MA level of 2937.11 and closed above this level. For some recovery STI have to maintain above this 50 week MA level.

As per our previous report we told that either side break 3100-3000 will decide the direction and STI breached its support level and fell below 3000 mark. Will expected more panic below 2930 levels.

For the coming week STI look volatile to southern biased as it breached lower levels and closed below the support zone , so if it will sustain below 2930 mark than it will be more bearish. Technical indicators are looking bearish for STI week ahead.

STI Support Level for the Week

STI having nearest support @ 2930 below this 2900-2870 will be the support area for market.

STI Resistance Level for the Week

STI having Resistance @ 2965 and above this level it may take resistance from 2995-3015 levels.

Macro Economical Factors for Week Ahead - STI Singapore

Non-oil domestic exports NODX rose by 7.9 % on a year-on-year (y-o-y) basis in October 2012, compared to the 3.6 % decrease in the previous month, due to an increase in non-electronic NODX which outweighed the decline in electronic NODX.Non-oil domestic exports (NODX) contracted year-on-year by 3.2 % in Q32012, in contrast to the previous quarter's 3.7 % growth.

The Ministry of Trade and Industry (MTI) announced Friday that it expects the Singapore economy to grow by around 1.5 per cent in 2012 and by 1.0 to 3.0 per cent in 2013.

STI Market Forecast for Today 08-Nov

Singapore closed its 2 week higher level @ 3043.27, near to its 50 day MA level of 3046.24. Its good recovery in STI and expecting same in coming days.

STI took support @ its 3013.52 levels near to 3010 support zone and closed well above this level which is good for upward trend.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.

STI Support Level

£ STI having nearest support @ 3030 level and below this level it can take support @ 3010-2995 will be the support zone for STI.

STI Resistance Level

STI having Resistance @3050 and above this level it may take resistance @ 3065-3080 levels.

Technical Indicators

Technical indicators are look to loosing strength on charts.

Straits Times Index - Market Forecast for 07-Nov

Last week STI made its 7 week lower level but today it took support near to its 3020 levels @ 3019.33 levels and closed at day low.

On the daily graph STI looking weak day by day as closed below its 50 day MA level also today STI breached its 3020 support level and closed below this.

STI formed a candlestick pattern called The Black Marubozu it is a single candlestick pattern characterized by a long black body. It does not have any shadows on either end. It is an extremely strong bearish candlestick pattern.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.

STI Support Level

£ STI having nearest support @ 3010 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

STI Resistance Level

STI having Resistance @3030 and above this level it may take resistance @ 3050-3065 levels.

Technical indicators

Technical indicators are look to loosing strength on charts.

STI Market Forecast For Tomorrow 06-Nov 2012

Last week STI made its 7 week lower level but today it took support near to its 3020 levels @ 3021.29 levels and closed with some point of recovery.

On the daily graph STI looking weak day by day as closed below its 50 day MA level and strong support level of 3020 next support comes @ 3000-2995 mark.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.

STI Support Level

STI having nearest support @ 3010 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

STI Resistance Level

STI having Resistance @3050 and above this level it may take resistance @ 3065-3080 levels.

Technical Indicators

Technical indicators are look to loosing strength on charts.

STI Market Forecast For week Ahead 05-09 Nov 2012

STI facing resistance @ its 3056-3060 levels and took support below 3020. STI breached its 7 week lower level this week and closed in negative mode.

On the daily graph STI closed well below its 50 day moving average and also the up slopping support line which will act as a resistance in coming days.

For the coming week STI look volatile to southern biased as it breached lower levels and closed below the Resistance zone , so if it will sustain below 3040 mark than it will be more bearish.

STI Support Level

STI having nearest support @ 3015 below this 3000-2980 will be the support area for market.

STI Resistance Level

STI having Resistance @ 3050 and above this level it may take resistance from 3065-3090 levels.

Technical Indicators

Technical indicators are looking bearish.

Singapore Stock Market Forecast - 02 Nov 2012

Today STI made its 7 week lower level @ 3016 , but closed above that level overall in negative trend and we expect that this weakness will remain in market.

On the daily graph STI looking weak day by day as closed below its 50 day MA level and strong support level of 3020 next support comes @ 3000-2995 mark.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.

STI Support Level

STI having nearest support @ 3010 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

STI Resistance Level

STI having Resistance @3050 and above this level it may take resistance @ 3065-3080 levels.

Technical indicators

Technical indicators are look to loosing strength on charts.

STI - End of Day Summary 01-Nov 2012

Asian stock markets were mixed on Thursday, with stronger Chinese manufacturing data providing support as Tokyo's rise was stunted by a huge slump in electronics giant Panasonic.

STI opens lower @ 3026.40 and made a day high @ 3029.40 after that it slips below its 7 week lower level  and made a low of 3016.85 and finally closed @ 3026.61 with loss of 11.76 points down by 0.39%.

Singapore's main index slipped to a seven-week low, in line with a fall in other Asian bourses. There were 134 advances against 270 declining issues.