weekly technical report on singapore sti & malaysia klci (24-28 march 2014)

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 Technical Report on STI W E E K LY

www.capitalvia.com.sg

24th to 28th March 2014



Straits TimeStraits Times Technical Report on STI 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



3145

3000

2955

3130

3170

3210

Support 1Support 1 3071.87

3101.86

3053.59

3073.39

OpenOpen

High High

LowLow

CloseClose

0.33Change (In Points)Change (In Points)

0.010% Change% Change




This was the week in which only green candle was formed by STI as there was not a major change in the

trading range of STI it opened at 3071 and made a high of 3101 where gave the closing at the same level as

it was for the last week candle @3073.

Long Legged Doji was formed by this week candle. As it has long upper & lower shadow with Doji as the

shorter trading range in the middle

WEEKLY WRAP OF STI

TECHNICAL INDICATORS

Market Forecast for week ahead:

Straits TimeStraits Times

Macroeconomic factors:

A good jump in the Trade Confidence Index as it's the highest in two years at 115 i.e. 10 points. Announced

by the HSBC

Home price inflation in China slowed in Feb also as it's the continuous second month where average for

new home price rose 8.7% for the 70 major cities in China. If calculated for MOM basis price rose 0.3% for

Feb.

Statement issued by the Finance Ministry of Singapore on Tuesday said (SMEs) small medium enterprises

will receive almost Q3 of sum disbursed, which calculated over 74000 employers will be receiving around

S$800 Million by wage credit scheme, pay outs by March 31.

SGX is about to revise the fee structure which will be applicable from 2nd May 2014 as to make the trading

more cost effective the clearing fee would be reduced by one fifth from 0.04% to 0.325% of contract value.

Economists forecasted 3.8% of Growth lower than expected as 3.9%

As the performance of the STI was in a very range bound for this week and closing for the week was as the

same for the last week. STI formed the Long Legged Doji candle for this week.

Studding Bollinger bands chart pattern it's very clear that the market is in a very range bound conditions

as its not able to maintain itself above 3100 and closed at 3073.

Technically STI can fall for multiple support and it would be possible by the global economic factor &

market sentiment to sustain above the mark of 3100.

MACD is moving below the base and performing flat where RSI is at 44.51 CCI is also going down and is @ -52



KURLA LAMPUR MALAYSIA

Technical Report on STI 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


Support 2Support 2

Support 3Support 3



1805

1795

1780

1835

1850

1870

Support 1Support 1 1806.15

1821.88

1802.88

1820.48

OpenOpen

High High

LowLow

CloseClose

15.36Change (In Points)Change (In Points)

0.850% Change% Change




KLCI closed Positive this week as it makes the green candle for this week after the red weekly candle.

Bullish Engulfing Pattern formed in this week, as Green candle formed for this week was followed by the

red candle of the last week where the open & close for this week was formed in the range of the last week

candle.

WEEKLY WRAP OF STI

TECHNICAL INDICATORS

Market Forecast for week ahead:

Straits TimeStraits Times

KLCI took the up move for this week after the two continuous down trend for two weeks

The 50 days EMA' is trading at 1778 where 20 days EMA is at 1814.

For the coming week the KLCI can take a upside movement but on the envelope channel indicator it seems

consolidate in the range of 1790 to 1835

The RSI is moving exactly above the base line at 53.92 else CCI is performing at -21

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weekly technical report on singapore sti & malaysia klci (24-28 march 2014)

Economy & Finance