Market
Review:
Singapore Index STI were stable after a 4 straight days
losing streak, supported by positive sentiment in the regional
market after China released upbeat trade data.
STRAITS TIME
LEVELS
|
|
| Support 1 |
3095
|
| Support 2 |
3065
|
| Support 3 |
3040
|
| Resistance 1 |
3130
|
| Resistance 2 |
3150
|
| Resistance 3 |
3165
|
Singapore shares open @ 3122.14 and then it made day
high @ 3126.01 but can’t able to sustain this level and fell down.
Took support at 3108.18 level and also closed on lower levels with
loss of 0.530 points @3113.64 down by 0.02%
Some 2.35 billion shares, valued at S$1.01 billion were
traded. Gainers numbered 210 while losers numbered 186.
Market forecast:
STI trading below its support line
of triangle pattern and continuously crossing all support level which
is bearish signal for coming days.
As per the technical outlook of
STI , currently it is in bearish trend and also crossed its ajor
support zone 3100 in last week. So for further improvement in trend
STI need to maintain it self above 3165 mark.
Support:
STI having
immediate support @ 3095 level and below this level it can take
support @3065-3040 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3130 and above this level it may take
resistance @ 3155-3165
Technical
indicators:
Technical indicators MACD,
RSI and CCI are turning lower.
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