Technical Report On STI Weekly Analysis 03rd to 07th March

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Information about Technical Report On STI Weekly Analysis 03rd to 07th March
Finance

Published on March 3, 2014

Author: AlexGray4

Source: slideshare.net

Description

Gold remained relatively unchanged overnight, opening at the intraday high of 1332.75/1333.75. It declined steadily as a string of mostly positive U.S. economic data showed a rise in pending home sales and consumer spending.

www.capitalvia.com.sg W E E K LY 03rd to 07th March 2014 Global Research Limited Technical Report on STI SINGAPORE EXCHANGE

www.capitalvia.com.sg Global Research Limited W E E K LY Straits Time Times Technical Report on STI Figure: 1, Period: Weekly Straits Times Weekly Wrap Support 1 3070 Open 3112.43 Support 2 3050 High 3120.66 Support 3 3020 Low 3081.67 Resistance 1 3115 Close 3101.16 Resistance 2 3145 Change (In Points) -2.91 Resistance 3 3165 % Change -0.093

www.capitalvia.com.sg Global Research Limited W E E K LY Straits Time Times Technical Report on STI WEEKLY WRAP OF STI For the last week of Feb STI dint perform as the previous week as the opening for the first three days for the week i.e. 24th to 26th Feb STI opened higher but closed lower and gave the red candle, but for the last two trading session it manage to make a positive trend and gave a green candle and gave the closing at 3101.16 for the week which is very close to the closing of last week 3098.25. Macroeconomic factors: Singapore Inflation goes down to 1.4% in Jan where as in Dec it was 1.5%The accommodation cost rose by 2.4 % else in last month it was 2.9%, Private Road Cost came to 3.5% in Jan as it was 2.8 in Dec. Slow growth in Singapore's manufacturing sector from the expected for January, by 3.9% compared to last year. China Aviation oil net profit falls 25% to US13.5Million for Q4. Service & Manufacturing were the sector that were supported by the biggest volume. Market Forecast for week ahead: After 3 weeks on winning strike STI loose some shine and traded below 3100 mark , however STI made week high above major resistance level of 3115 which is above 20 week EMA level. STI formed a long legged doji, this candle formed with both side movement and here STI opens above 3100 mark @ 3112.43 and it made week high at 3121.29 and then it faced resistance at this level and fell below 3100 mark and made week low @ 3080.97 and then closed with recovery with this movement STI formed a candle with long lower shadow with small upper shadow and thin body as opening and closing for this week is almost on same level. For comng week STI may remain upside whenever it traded above 3080 mark, its major resistance will come @ 3115-3145 level. Also Singapore PMI and Forex Reserve will be announced on 3rd & 7th March STI RESISTANCE STI having immediate Resistance @3115 and above this level it may take resistance @ 3145-3165 STI SUPPORT STI having immediate support @ 3070 level and below this level it can take support @3050-3020 will be the support zone for STI. TECHNICAL INDICATORS Technical indicators MACD given its bullish crossover in Daily chart , RSI and CCI are trading in recovery mode , RSI is in oversold zone so we can expect recovery in it. Corporate Action & Result Calendar as on 24th Feb 2014

www.capitalvia.com.sg Global Research Limited Disclaimer 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.

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