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.
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:-
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
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
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.
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 |
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.
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 |
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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