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|
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|
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|
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.
RSI is above the centre line @64.26 else CCI is @175.54