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Market Reviews:
Singapore shares rebounded after 3 straight sessions of losses, boosted by a solid start to the U.S. earnings season.
Singapore shares rebounded after 3 straight sessions of losses, boosted by a solid start to the U.S. earnings season.
STI opens @ 3292.16 then recover from that level and cross 3300 mark and made day high @ 3308.51 and then on the final hour of trading again drop below 3300 ark and closed @ 3296.57 with gain of 11.96 points up by 0.36%.
Some 2.68 billion shares, valued at S$1.19 billion were traded. Gainers outnumbered losers 258 to 173.
Market forecast:
STI recovers some point today and traded above 3300 mark, but cant able to hold this level and closed below 3300 mark.
STI today traded above 3300 mark but not sustain above this and also volume was not so great sp this recovery is not so positive.
STI cant able to sustain above its resistance level of 3320 and slips below this mark, next support comes @ 3280 mark. Whenever STI sustain above 3300 mark we can be bullish on it.
Support:
STI having immediate support @ 3280 level and below this level it can take support @3260-3240 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3305 and above this level it may take resistance @ 3320-3335 levels.
Technical indicators:
Technical indicators MACD, RSI and CCI all are recover some with today’s move.
| Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 3280 | 3260 | 3240 | 3305 | 3320 | 3335 |
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