8:17 PM
Admin
Market Review:
Singapore market opens slightly up, in line with regional bourses. Singapore share prices opened @ 3265.95 levels and then it made low @ 3264.51 and took support at this level and recovers sharply and headed towards the day high @ 3285.90 levels and closed at the same higher level with gain of 26.15 points up by 0.80%.
Some 4.25 billion shares, valued at S$1.86 billion were traded. Gainers outnumbered losers 328 to 136.
Market forecast:
Today STI again test the new high @ 3285.90 and closed at same level which is good sign for further uptrend.
STI trading in a uptrend and having next Resistance level @ 3315 mark, and if it will sustain above this then we can see it to all time high levels soon.
STI having support @ its previous resistance level i.e. 3240 mark and if STI crossed this level then we can see lower levels and 3220-3195 will act as a major support zone for STI.
Support:
STI having immediate support @ 3240 level and below this level it can take support @3220-3195 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3300 and above this level it may take resistance @ 3315-3350 levels.
Technical indicators:
Technical indicators are seem to overbought zone on charts.
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