weekly technical outllok report on sti: 07th-11th oct

Download Weekly Technical Outllok Report on STI: 07th-11th oct

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  • G l o b a l R e s e a r c h L i m i t e d

    SINGAPORE

    E X C H A N G E

    Technical Report on STI Technical Report on STI Technical Report on STI W E E K LY

    www.capitalvia.com.sg

    07th sep to 11th oct 2013

  • 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

    Straits TimeStraits Times Technical Report on STI Technical Report on STI Technical Report on STI W E E K LY

    Figure: 1, Period: Weekly

    Straits Times Weekly Wrap

    Resistance 3Resistance 3

    Support 2Support 2

    Support 3Support 3

    Resistance 1Resistance 1

    Resistance 2Resistance 2

    3115

    3105

    3075

    3175

    3205

    3235

    Support 1Support 1 3195.84

    3201.84

    3131.31

    3138.08

    OpenOpen

    High High

    LowLow

    CloseClose

    72.10Change (In Points)Change (In Points)

    -2.25%% Change% Change

  • 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 on STI Technical Report on STI Technical Report on STI W E E K LY

    STI continuing the downward moment and closed below 3200 mark.it was 2nd continuous fall in Index.

    Week starts gap down opening below 3200 mark @ 3195.84, then it just add few points and made week high of @ 3201.84 after making high

    it never touched 3200 mark and traded lower side, finally took support @3131.31, closed @ 3138.08 with loss of 72.10 points down by 2.25%

    wow basis.

    WEEKLY WRAP OF STI

    STI having nearest support @ 3115 below this 3105-3075 will be the support area for market.

    STI SUPPORT

    STI having Resistance @ 3175 and above this level it may take resistance from 3205-3235 levels.

    STI RESISTANCE

    Technical indicators are giving negative impression.

    TECHNICAL INDICATORS

    Heavy selling in penny stocks dragged Index below 3200 mark and continuously trading below this level.

    STI crossed its 38.2% retracement level and looking bearish from this level.

    STI formed a candlestick pattern called Bearish 3 inside down,this candlestick pattern is a bearish reversal pattern that suggests that the

    previous trend is ending. Following an uptrend, a long blue day occurs. The 2nd day is a red day where the body is engulfed by the body of the

    first. The 3rd day is a red candle with a lower close than the previous day.

    During an uptrend a large upward price movement occurs, illustrated by a long blue candlestick. The price is then driven down, as shown by a

    red candlestick, reversing some of the upward movement from the previous day. The reversal pattern is confirmed with the third days red

    candle completes the bearish pattern.

    MARKET FORECAST FOR WEEK AHEAD

    Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective. The information contained herein is

    based on analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for

    personal information and we are not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may

    arise from the recommendations above. The stock price projections shown are not necessarily indicative of future price performance. The information herein,

    together with all estimates and forecasts, can change without notice. We does not purport to be an invitation or anoffer to buy or sell any financial instrument.

    Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved.

    Disclaimer

    According to the MAS, CPI-All Items inflation edged up to 2.0% in August from 1.9% in July, on account of stronger increases in the costs of

    accommodation, services and food which was partly offset by the smaller gain in private road transport cost.

    SINGAPORE'S manufacturing sector expanded 3.5 % in August compared to a year ago, bolstered by a 5.3 % increase in electronics output.

    That was thanks to a 12.7 % expansion in the semiconductors segment, which alone accounted for 20.2 % of overall industrial production.

    MACRO ECONOMIC FACTORS:

    Straits TimeStraits Times

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