Market forecast for STI:
Today’s performance of STI makes a Red candle & the
formation of inverted hammer, where it has a small real body and a
long shadow. Further the Moving Average Envelops shows that the STI
is in consolidate phase and trading in a tight range where it’s
becoming difficult for STI to sustain above the level of 3100.
Technical indicators:
RSI is under the base line @40.87 & MACD is moving flat where the CCI is performing at -151.88
Important Factor for today:-
Today KLCI opened at 1814.29 and touched the high of 1818.17 further closed at the high. Today the green candle was formed for the day.
Market forecast for
KLCI:
Hammer Pattern was formed by the todays candle with the small body and long shadow. Studding the Bollinger Bands it can be said that the KLCI is in the Over Sold position and can take a recovery for the up side. Where there is a flat move for the EMA.
Technical indicators:
RSI is just bellow the base line @48.19. Where the CCI is performing at -92.44.
Today’s performance of STI makes a Red candle & the
formation of inverted hammer, where it has a small real body and a
long shadow. Further the Moving Average Envelops shows that the STI
is in consolidate phase and trading in a tight range where it’s
becoming difficult for STI to sustain above the level of 3100.Technical indicators:
RSI is under the base line @40.87 & MACD is moving flat where the CCI is performing at -151.88
|
STRAITS
TIME LEVELS
|
|
|
Support
1
|
3045
|
|
Support
2
|
3032
|
|
Support
3
|
3020
|
|
Resistance
1
|
3065
|
|
Resistance
2
|
3080
|
|
Resistance
3
|
3095
|
- 30.2% increase in share price of Asiatravel between Tuesday &
Wednesday further SGX made a red alert for it.
- 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.
Today KLCI opened at 1814.29 and touched the high of 1818.17 further closed at the high. Today the green candle was formed for the day.
Hammer Pattern was formed by the todays candle with the small body and long shadow. Studding the Bollinger Bands it can be said that the KLCI is in the Over Sold position and can take a recovery for the up side. Where there is a flat move for the EMA.
Technical indicators:
RSI is just bellow the base line @48.19. Where the CCI is performing at -92.44.
-
KLCI LEVELS
Support 11805Support 21792Support 31778Resistance 11825Resistance 21838Resistance 31852
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