Market Review for STI:
Today STI opened at 3260.78 and made a high of 3264.21 later pressure was seen in the market and it made a low of 3250.91 while closed at 3255.83. There was the volume of 1706.5Million.
Market forecast for STI:
A Red candle was formed for the day a Spinning Top candle was formed with a short real body and short upper and lower shadow. As published in our weekly report; that STI would take some corrections, today it formed a red candle for the day and is expected to be in same correction mode for few trading sessions.
Technical indicators:
RSI is above the centre line @72.09 is about to move in overbought level. Where CCI is @ 130.87.
Important Factor for today:-
Today STI opened at 3260.78 and made a high of 3264.21 later pressure was seen in the market and it made a low of 3250.91 while closed at 3255.83. There was the volume of 1706.5Million.
STI Day Performance
| |
| Open | 3260.78 |
| High | 3264.21 |
| Low | 3250.91 |
| Close | 3255.83 |
| Change(Points) | 2.03 |
| % Change | 0.06% |
| Volume | 1706.5M |
| Rise | 176 |
| Fall | 217 |
| Unch | 679 |
A Red candle was formed for the day a Spinning Top candle was formed with a short real body and short upper and lower shadow. As published in our weekly report; that STI would take some corrections, today it formed a red candle for the day and is expected to be in same correction mode for few trading sessions.
Technical indicators:
RSI is above the centre line @72.09 is about to move in overbought level. Where CCI is @ 130.87.
STRAITS TIME LEVELS
| |
| Support 1 |
3245
|
| Support 2 |
3230
|
| Support 3 |
3215
|
| Resistance 1 |
3265
|
| Resistance 2 |
3280
|
| Resistance 3 |
3295
|
- CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
- RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
- Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business.
- Trading in Chemoil will be suspended from 5 May 2014 as Friday 2nd May will be the last trading for Chemoil.
KLCI Day Performance
| |
| Open | 1851.61 |
| High | 1864.94 |
| Low | 1849.68 |
| Close | 1862.93 |
| Change(Points) | 10.24 |
| % Change | 0.55% |
| Volume | 2608.9M |
| Rise | 523 |
| Fall | 326 |
| Unch | 1299 |
A long green candle was formed for the day with a long real body and short upper and lower shadow. As KLCI has recovered from down side and now is in a complete uptrend and looks forward to break its resistance of 1872 in the coming trading days.
Technical indicators:
RSI is above the centre line @62.42 else CCI is @111.71
KLCI LEVELS
| |
| Support 1 |
1852
|
| Support 2 |
1840
|
| Support 3 |
1825
|
| Resistance 1 |
1872
|
| Resistance 2 |
1885
|
| Resistance 3 |
1899
|
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