Technical view on STI
|
Support 1 |
3130
|
|
Support 2 |
3110
|
|
Support 3 |
3090
|
|
Resistance 1 |
3165
|
|
Resistance 2 |
3185
|
|
Resistance 3 |
3205
|
STI
continuing the trend and traded below the 3200 mark, also closed
below its 38.2% retracement level. STI opens with gap down @ 3147.32 and
then made a day low @ 3135.60, toady the movement was lower side and
STI made day high @ 3155.06 and finally closed @ 3144.79 with loss of
7.79 points down by 0.25%.
Some 3.19 billion shares, valued
at S$1.30 billion were traded. Gainers numbered 173 while losers
numbered 239.
Market forecast:
Today
STI traded below its 38.2% retracement level and closed below this.
As we mention previously in our report that below this level STI can
touch 3100 soon.
STI formed
candles which show uncertainty and indecision between bulls and
bears.
Support:
STI having
immediate support @ 3130 level and below this level it can take
support @3110-3090 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3165 and above this level it may take
resistance @ 3185-3205
Technical
indicators:
Technical indicators MACD, RSI and CCI
all are seem to losing its trend.
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