Singapore Stock Market Technical Analysis View

Market Review for STI:

Singapore Stock opened higher today where STI was up by 11.61 points to 3249.35 as it was a gap up opening after yesterday’s gap down opening. STI took the up move later and made a high of 3267.83 and gave closing at 3264.71.

STI Day Performance
Open	3249.35
High	3267.83
Low	3248.62
Close	3264.71
Change(Points)	26.97
% Change	0.83
Volume	1651.6M
Rise	190
Fall	198
Unch	688

Market forecast for STI:
STI formed a long green candle for the day with a little upper shadow. Today STI took a movement of almost 16 points. Marubozu pattern was formed for the day. Hence performing in a consolidate phase.
Technical indicators:
RSI is just above the centre line @62.35. Where CCI is @ 69.74

STI LEVELS
Support 1	3255
Support 2	3244
Support 3	3230
Resistance 1	3275
Resistance 2	3288
Resistance 3	3299

Important Factor for today:-

• Important Factor for today:-
• New housing loan applications down by 45% on YOY basis.
• Mapletree will acquire 49% stake in Oakwood Asia Pacific in a joint venture to target and acquire service apartment business in Asia.
• Data for unemployment published for 1Q2014 with a rise of 2.1 % in unemployment rate where it was 1.8% in Dec2013.
• Bank lending in Singapore grew a bit faster by 0.6% in march as total loans grew to S$ 587.7 billion in March.
• 11% of gain posted by Yangzijiang Shipbuilding for 1Q2014 whereas net profit attributable to shareholder rose to 799.2million Yuan, as revenue grew 24% to 3.6 billion Yuan.

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Noble	1.285	3.21	CityDev	10.83	-2.17
UOB	21.76	2.74	JSH 500 USD	35.7	-1.11
Global Logistic	2.85	2.52	SIA Engineering	4.79	-0.83
OCBC Bank	9.65	1.9	ST Engineering	3.82	-0.78
Golden Agri-Res	0.61	1.67	Sembcorp Ind	5.37	-0.56

Market Review for KLCI:
KLCI opened flat today at 1859.32 at the same level as of yesterday’s closing and made a high of 1871.52 and gave closing to the same level it formed a green candle for the day.

KLCI Day Performance
Open	1859.32
High	1871.52
Low	1857.07
Close	1871.52
Change(Points)	12.18
% Change	0.66
Volume	1506.8M
Rise	362
Fall	419
Unch	1380

Market forecast for KLCI:
A long green candle was formed for the day with a long real body and a short lower shadow today KLCI touched a four months high of 1871 and is trading at the peck point.

KLCI LEVELS
Support 1	1850
Support 2	1835
Support 3	1880
Resistance 1	1890
Resistance 2	1905
Resistance 3	1850

Technical indicators:
The technical indicators are strong on the chart as RSI is at 63.80 & CCI is at 124.84

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
ASTRO	3.33	4.06	PCHEM	6.73	-1.03
DIGI	5.54	2.78	SKPETRO	4.31	-0.46
TM	6.2	2.48	IOIPG	2.68	-0.37
IOICORP	5	2.46	UMW	10.76	-0.37
MAYBANK	9.9	1.85	GENTING	9.8	-0.3

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Singapore & Malaysia Stock Market Weekly Review

Weekly Technical view on STI

Weekly wrap of STI:

This was the good week for STI & it made a Green candle for this week continuing the bullish trend of last week as there was a gap up opening of around 8 points in this week.

STI cover the range of 34 points for this week. A spinning top candle was formed for this week and with a short real body. As the whole week was full of Q1 result & dividend distributed by the counters so the bullish trend is expected in the coming week.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3250	3230	3200	3280	3300	3330

Macroeconomic factors:

• Singapore consumer price or inflation rose by 1.2% in March, where food inflation rose by 2.9% & health care inflation by 3.4%
  
• A fall of 22% reported in net profit of Singapore Exchange a net profit of S$ 75.8 million was reported
• Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.
• 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

Market Forecast for week ahead:

The market is moving in the uptrend and is supported by the good volume the technical indicators are also positive for the next week. The expected range for the coming week of STI would be 3250- 3300.

In the coming week there will be many counters like MapleTree, ThaiBev,SGX, CapitaMalls Asia, OCBC Bank and many more which will be delivering there dividend so the fundamental will be supportive for the up move of STI.

STRAIT TIMES WEEKLY WRAP
OPEN	3260.78
HIGH	3284.70
LOW	3250.09
CLOSE	3267.57
CHANGE (In Points)	13.77
% CHANGE	0.42 %

Technical Indicators:

Technical Indicators are showing the uptrend where RSI is above the centre line @52.27 else CCI is @ 181.57 which means that there is still a fair move for STI to take upside.

Weekly Technical view on KLCI

Weekly wrap of KLCI:

KLCI opened at 1851.61 for this week, took the uptrend and made a high of 1870.89 and closed at 1860.98 for this week. A green candle was formed for this week. For this week KLCI make a movement of almost 20 points.

A Inverted hammer Pattern was formed for this week with a long real body and a long upper shadow. 20 Days EMA is @1830 where the 50 Days EMA is @ 1792.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1845	1825	1800	1875	1890	1915

Market Forecast for week ahead:

KLCI is performing at its peak and is able to sustain itself form last three week so it can be said that now it is above the crucial level and expected to break the resistance.

Technical Indicators:

Technically KLCI is having a bullish trend on the chart where CCI is @121.03 & RSI is about to enter in the overbought range @62.83

KLCI WEEKLY WRAP
OPEN	1851.61
HIGH	1870.89
LOW	1849.68
CLOSE	1860.98
CHANGE (In Points)	8.29
% CHANGE	0.44 %

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STI & KLCI Technical Report for 23rd April

Market Review for STI:
Today STI Opened at 3258.56 and came in a bullish trend after a consolidate move for last three days, it made a high of 3277.53 and closed at the same. It formed a green candle for the day.

STI Day Performance				Open	3258.56
High	3277.53	% Change	0.67%	Close	3277.53
Low	3255.64	Volume	2063.7M	Fall	122
Change(Points)	21.70	Rise	296	Unch	654

Market forecast for STI:
A Green candle with a long real body was formed for the day with a short shadow. After three days of range bound trading today STI made a long candle for the day & take a bullish move. Marubozu pattern was formed for the day. Today STI break the high of 24th July 2013 a high point from last 11 Months, expected to take an up move for the coming sessions.

STRAITS TIME LEVELS
Support 1	3267
Support 2	3255
Support 3	3240
Resistance 1	3288
Resistance 2	3307
Resistance 3	3320

Technical indicators:
RSI is above the centre line @75.36 is about to move in overbought level. Where CCI is @ 149.49.
Important Factor for today:-

• Mapletree Logistics Trust posted 1.89 Sg Cents for its Q4DPU
• Ascendas Reit posted 3.5 Sg Cents for its Q4 DPU where the distributable income was 85.3 Million
• Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.

Market Review for KLCI:
A short green candle was formed for the day where KLCI opened at 1862.90 and made a high of 1866.42 and gave the same closing with a low of 1816.90

KLCI Day Performance				Open	1862.90
High	1866.42	% Change	0.19%	Close	1866.42
Low	1861.90	Volume	2609 M	Fall	404
Change(Points)	3.49	Rise	455	Unch	1289

Market forecast for KLCI:
 After taking a long up move yesterday KLCI maintain itself above the support level of 1850 and now is in an uptrend as a green candle with a little lower shadow was formed for the day. By observing the last three trading session KLCI is now in an uptrend and buyers are more interested now.
Technical indicators:
RSI is above the centre line @64.26 else CCI is @175.54

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Singapore & Malaysia Stock market Analysis for 22nd April

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.

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

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.

STRAITS TIME LEVELS
Support 1	3245
Support 2	3230
Support 3	3215
Resistance 1	3265
Resistance 2	3280
Resistance 3	3295

Important Factor for today:-

• 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. 

Market Review for KLCI:

Today KLCI opened at 1851.61 and took the up move, made a high of 1864.94 and gave closing near to its high at 1862.93 while at the time of opening KLCI opened down with a lower side of 1849.68.

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

Market forecast for KLCI:
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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STI Singapore : Weekly Technical Analysis VIew

Weekly Technical view on STI

Weekly wrap of STI:

This was a bullish week for the STI, opened at3209 and an uptrend was observed which took STI for a new levels and made a high of 3259 further closed at 3253. A long green candle was formed for the week.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3220	3190	3160	3270	3395	3335

Macroeconomic factors:

• Singapore made 5.1% growth in Q1 GDP on YOY basis as the announcement made by the Ministry of Trade & Industry.
• The major sector that lead the GDP growth was manufacturing which grew 8% on YOY basis and 7% in the previous Quarter.
• Slowdown in the annual economy growth of China between Jan-Mar 2014 to 7.4 % from 7.7 % in the previous three months.
• Fall of 9.5 % in Retail Sales for Feb on YOY basis due to seasonal factors as Chinese New Year took place in Feb last Year.
• Singapore’s March home sales dropped to a three-month low as first-quarter private residential prices fell the most in five years.
• Home sales slid 83% to 480 units last month compared with 2,793 in the same period a year ago, according to data from the Urban Redevelopment Authority released today. Sales fell 35% from February, the data showed.
• Singapore Non-Oil Domestic export fell 6.6 on where there was a jump of 8.9% in Feb. Reason for the downfall was decline in electronics and non-electronics shipments, electronic export droped 3.7% Feb where 16.1% in Mar.

Technical Indicators:

Technical Indicators are showing the uptrend where RSI is above the centre line @61.21 else CCI is @ 179.12 which means that there is still a fair move for STI to take upside.

STRAIT TIMES WEEKLY WRAP
OPEN	3209.42
HIGH	3259.07
LOW	3205.96
CLOSE	3253.80
CHANGE (In Points)	55.58
% CHANGE	1.73

 STI Market Forecast for week ahead:

For this week STI almost covered a range of 43 points with few gap up opening on the daily chart, else STI broke the major resistance in this week, the next resistance for STI comes at 3285 and support at 3220 as it formed a long green candle, for the day with a short upper and lower shadow.

For the coming week a consolidation phase is expected more as there were the gap up openings in few trading sessions, else STI can break the resistance with good fundamentals & economic news for the next week.

KLCI Market Forecast for week ahead

KLCI is performing at its crucial support of 1850 and for the whole week it moving around the same level a tight range can be noticed on the chart with a little low volume for the coming week a recovery is expected in KLCI and the major resistance would be @1863 else support @ 1840.

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Singapore STI & Malaysia KLCI Tachnical Analysis

Market Review for STI:

Singapore shares opened higher today, STI was up by 3.00 points to 3,256.20 where ended 0.02 per cent higher today.

STI opened at 3257, took a down trend and made a low of 3246.66 later gave closing at 3253.80. a Red candle was formed for the day.

Open- 3257.52        High- 3259.07 Low -3246.66         Close -3253.80 Change(Points) -0.60

% Change -.02%        

Volume -1798M        Rise -216        Fall – 199                Unch -657

Market forecast for STI:

Today STI formed a Red Doji candle for the day with a real short body and a short upper & long lower shadow. As STI made a gap up opening with 4 points and formed a Red Doji candle. As published in the yesterday’s report STI has formed a Red candle and is in a correction mode.

Technical indicators:

RSI is above the centre line @71.77 is about to move in overbought level. Where CCI is @ 120.60

STRAITS TIME LEVELS
Support 1	3243
Support 2	3230
Support 3	3215
Resistance 1	3263
Resistance 2	3275
Resistance 3	3288

Important Factor for today:-

• Singapore Non Oil Domestic export fell 6.6 on where there was a jump of 8.9% in Feb. Reason for the downfall was decline in electronics and non-electronics shipments, electronic export droped 3.7% Feb where 16.1% in Mar.
• CapitaLand Limited has signed an agreement to acquire an additional 80% interest in CapitaLand (Beijing) Kai Heng Holdings Pte. Ltd. from CapitaLand China
• Development Fund Pvt. Ltd.. The cash consideration for the Acquisition is RMB220.2 million, approximately S$45.1 million.

Market Review for KLCI:

Malaysia stock took upside at opening where KLCI up by 3 points to 1847.4, ended higher by 5.17 points and closed at 1,850.54.

 Open - 847.40         High -1852.13 Low -1847.40         Close -1850.54 Change(Points) -5.17

% Change – 0.28%  

Volume -2522.4M     Rise -406  

Fall -409                 Unch -1330

Market forecast for KLCI:

KLCI formed a Green candle for the day with a long real body and a short upper shadow as yesterday a Red candle was formed and was expected that the KLCI would break the major support of 1850 but today it took the up move and was able to sustain itself above the crucial support. Hence a consolidation is expected for further trading sessions.

KLCI LEVELS
Support 1	1838
Support 2	1828
Support 3	1818
Resistance 1	1851
Resistance 2	1860
Resistance 3	1870

Technical indicators:

RSI is above the centre line @54.91 else CCI is @22.68

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Singapore & Malaysia Market Daily Update

Strait Times Index

Weekly wrap of STI:

This week was a range bound week for the STI, as it opened at 3203.05 further made a high of 3215.95, else went down till 3198.22. It formed a red candle for the week.

STI formed a Spinning Top Candle for this week on the weekly chart which is also called as the long Legged Doji where it has a small real body with a long upper and lower shadow.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3180	3160	3135	3220	3242	3265

Macroeconomic factors:

• Ezion Holding Limited had entered in the agreement with JK Tech Holding where JK Tech will allot 42,000,000 ordinary shares @ S$0.09 per option to Ezion Holding.
  
• SGX announced that the customer will have a direct access to transparent clearing services, this will effect greater optional efficiency and cost saving through its platform.So companies and banks who want to hedge their exposure between the Thai baht and Malaysian ringgit through non-deliverable interest rate swaps (NDIRS) are now able to do so directly at the Singapore Exchange (SGX), instead of going through their banks.
• Intellectual Property Office of Singapore launched a new S$ 100 Million intellectual Property Financing Scheme to help the local business.
• 0.2 % up in resale price of non-landed private homes in march.
• OCBC has price US$1 Billion fixed rate subordinated notes under US$10Billion Global Medium Term Note Programme. Notes are priced at 99.40%

Market Forecast for week ahead:

The market is moving in the uptrend and is supported by the good volume the technical indicators are also positive for the next week. STI formed a red candle for the week but still it was able to maintain itself above the trend line drawn in the chart @ 3200.

As the Red Spinning Top candle was formed for the week so it is expected that the market will take a reversal as Spinning Top is a reversal candle and we could see that the market can break the resistance in coming days.

STRAIT TIMES WEEKLY WRAP
OPEN	3203.05
HIGH	3215.95
LOW	3181.78
CLOSE	3198.22
CHANGE (In Points)	14.5
% CHANGE	0.45

Technical Indicators:

Technical Indicators are showing the uptrend where RSI is above the centre line @56.64 else CCI is @ 133.62 which means that there is still a fair move for STI to take upside.

KLCI

Weekly wrap of KLCI:

KLCI is still performing at the peak point of its life time, but for this week it formed a red candle on weekly chart. KLCI opened at 1856.52 and made a low of 1848.19 later it took the upside at 1862.90 and closed to the high at 1852.66

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1840	1825	1805	1865	1880	1900

Spinning Top Candle was formed for this week with a short real body and a long upper & short shadow.

 Market Forecast for week ahead:

KLCI is performing above the support line and is expected to take an uptrend as the Spinning Top pattern was formed where 20 days EMA 1823.80 & 50 days EMA is 1787.33

Technical Indicators:

Technically KLCI is having a bullish trend on the chart where CCI is @123.54 & RSI is about to enter in the overbought range @60.90

KLCI WEEKLY WRAP
OPEN	1856.52
HIGH	1862.90
LOW	1848.19
CLOSE	1852.66
CHANGE (In Points)	3.950
% CHANGE	0.21

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Daily Technical Analysis Report For Singapore & Malysia

STI Day Performance
Open - 3197.97      High 3209.83       Low 3186.87          Close 3203.58
Change(Points) -6.34 %           Change -0.20                    Volume 1944.5M
Rise 206            all 219                Unch 644
Market Review for STI:

Gap down opening with 12 points made by STI in today’s session. Where STI opened at 3197.97 and took a up move, made a high of 3209.83. Later closed at 3203.58. A Green candle was formed for the day.
Market forecast for STI:
A Green Spinning Top candle was formed for the day with a short real body and the long upper and lower shadow. STI is now performing well as it is able to maintain itself above the support level of 3200 from few days but still its very near to the break down level. As 20 days EMA is @3164

STRAITS TIME LEVELS
Support 1	3193
Support 2	3180
Support 3	3165
Resistance 1	3213
Resistance 2	3225
Resistance 3	3240

Technical indicators:
RSI @63.98 is about to move in overbought level. Where CCI is @ 65.77
Important Factor for today:-

• Ezra EOC Report that there was a sharp increase in profit of US $44 Million in Q2 for FY 2014
• SPH REIT income distributed to unit holders was $34.9million for the Q2FY2014
• China Merchants Property Development made RMB 3.539 billion by realized contract signing sales area of 219700 square meters.
• Noble is about to sell 51% of agribusiness to Cofco.

Top Looser			Top Gainer
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OCBC Bk	9.68	-0.31	HPH Trust US$	0.66	3.1
SGX	6.92	-0.57	CapMallsAsia	1.80	2.56
Wilmar	3.46	-0.57	CITYDEV	10.32	1.98
Capitaland	2.95	-1.01	Olam	2.24	1.36
CapitaMall	1.96	-1.01	Kep Corp	11.12	1.09

 
KLCI Day Performance
Open 1859.49           High 1860.28               Low 1855.56            Close 1859.52
Change(Points) 3.77            % Change 0.20                Volume 2079.6M
Rise 546                        Fall 307                    Unch 1280

KLCI LEVELS
Support 1	1853
Support 2	1845
Support 3	1835
Resistance 1	1866
Resistance 2	1874

Market Review for KLCI:
  KLCI performed in a very tight range today, as the overall movement took by KLCI was almost 5 points. As it opened at 1859.49 and made a low of 1855.56 further gave closing near to high at 1859.52.
Market forecast for KLCI:
Green Doji candle was formed for the day. Which also looks like a Cross. Here the open and close for the day is almost same and the upper shadow is shorter than the lower shadow of the day.
Technical indicators:
RSI is above the centre line @63.84 else CCI is @87.44

Top Gainers			Top Looser
Scrip Name	CMP	%change	Scrip Name	CMP	%change
FGV	4.66	2.64	PETDAG	30.48	-0.07
IOIPG	2.79	2.57	PETGAS	23.98	-0.08
BAT	61.42	1.76	PCHEM	6.79	-0.29
ASTRO	3.34	1.21	RHBCAP	8.41	-0.35
GENM	4.29	1.18	IOICORP	4.86	-0.41

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