STI & KLCI Technical Report for 23rd April

Posted: April 22, 2014 in Uncategorized

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
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.

STRAITS TIME LEVELS
Support 1 3267
Support 2 3255
Support 3 3240
Resistance 1 3288
Resistance 2 3307
Resistance 3 3320

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:-

  • 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
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

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

 

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