8:11 PM
Admin
Market Reviews:
It’s a 3rd
continuous uptrend in STI, and today it opens with gap and also
closed well above resistance level.
STI opens with gap up @ 3072.35 and then it continuously
traded at northern trend and finally made day high @ 3093.41. STI
closed for the day @ 3088.20 gains of 39.85 points up by 1.31%.
Some
2.63 billion shares, valued at S$1.23 billion were traded. Gainers
numbered 314 while losers numbered 160.
Market
forecast:
STI
open with good gap and traded above the 3050 mark which were
resistance level for STI.
We
can see short triangle on STI daily graph and today STI closed well
above this triangle. But for further prediction of index move we need
to watch next day move.
Support:
STI having
immediate support @ 3050 level and below this level it can take
support @3020-2990 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3095 and above this level it may take
resistance @ 3110-3130.
Technical
indicators:
Technical
indicators MACD, RSI and CCI all are looking in recovering mode.
Posts
