singapore sgx: technical report on sti 04th feb 2014
DESCRIPTION
Singapore SGX: Technical View Of STITRANSCRIPT
SINGAPORE
E X C H A N G E
04th Feb,2014
Technical Report
G l o b a l R e s e a r c h L i m i t e d
www.capitalvia.com.sg
Technical Report
STI Day Performance
Open
High
Low
Change(Points)
% Change
Volume
Rise
Fall
Unch
3011.41
3015.16
2989.00
2990.95
-36.27
-1.20
126
245
415
STRAITS TIME LEVELS
Support 1
Support 2
Support 3
Resistance1
Resistance 2
Resistance 3
2970
2950
2930
3015
3035
3055
Top 5 Gainers
Scrip Name1
DBS
ComfortDelGro
Capitaland
Noble Grp
Wilmar
0.42
0.26
0
0
-0.32
CMP %change
16.54
1.94
2.76
0.95
3.11
Top 5 Losers
Scrip Name1
JSH 500US$
Genting SP
HKLand US$
CapMallsAsia
JMH 400US$
-3.63
-2.9
-2.66
-2.56
-2.3
CMP %change
31.32
1.34
5.86
1.715
52.35
Market Review:
Singapore shares continue the down trend and traded below 3000 mark and
closed well below this level
Market forecast: STI opened with gap down @ and crossed its major support level and took support multiple
support zone of 2989-2985 mark and closed near to day low with loss of 1.20%.
STI crossed its 3000 mark and traded below this level whole day and closed @ 2990 mark
just near to day low, for this bearish move STI made a candlestick pattern called long black
line; this is a single and highly bearish candle.
As STI crossed its 3020 mark so we expect more down side movement in STI and it can
touch 2950-2920.
Support:
STI having immediate support @ 2970 level and below this level it can take
support @2950-2930 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3015 and above this level it may take
resistance @ 3035-3055.
Technical indicators:
Technical indicators MACD, RSI and CCI are turning.
1
G l o b a l R e s e a r c h L i m i t e d
www.capitalvia.com.sg
2
G l o b a l R e s e a r c h L i m i t e d
www.capitalvia.com.sg
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Technical view on STI
Corporate Action & Result Calendar as on 04th February 2014
Disclaimer