SGX Technical Analysis for STI 21st Jan

Posted: January 21, 2015 in Stock Tips
Market Review for STI: Share prices opened higher with the Straits Times Index up 4.93 points to 3,338.95.Singapore stocks held on to modest gains, getting a lift from an uptick in most Asian markets. Investors preferred to wait for more developments, including the Bank of Japan’s monetary statement today and the outcome of the European Central Bank’s policy meeting tomorrow. Stocks Tips
STI Day Performance
 Open- 3336.58
 High- 3354.46
 Low- 3331.27
 Close- 3354.46
 Change(Points)- +20.44
 % Change- +0.61%
 Volume- 1982.4M
 Rise- 222
 Fall- 173
 Unch- 396
 Market forecast for STI: STI may go up after the level crosses 3370 as we can see a bullish movement in the market.
 Technical Indicators: RSI is at 55 CCI is at 42
 STRAITS TIME LEVELS
 Support 1- 3340
Support 2- 3320
Support 3- 3300
Resistance 1- 3360
Resistance 2- 3370
Important Factor for today:-
  • The Infocomm Development Authority of Singapore (IDA) on Wednesday challenged the San Francisco Bay Area tech community to come out with innovative solutions to analyse the more than 8,000 open government data sets as the country strives towards becoming a Smart Nation.
  • Auditing firm KPMG has joined the host of voices from the business community calling for government productivity schemes to be enhanced in the upcoming Budget.
  • KEPPEL Land and parent Keppel Corp have postponed their post-results analyst and media briefing, according to a media advisory email sent out on Wednesday morning. The email mentioned that more details will be provided shortly.
  • Asia Pacific investors are expected to increase their global real-estate allocation this year, with an estimated US$58.5 billion ($78.2 billion) of capital is set to flow into global real estate.
  • CAPITACOMMERCIAL Trust, a real estate investment trust (Reit) holding central business district (CBD) offices, reported on Wednesday morning before trading hours a distribution per unit (DPU) of 2.15 cents for its fourth quarter ended Dec 31, 2014, up 2.9 per cent from 2.09 cents a year ago.
  • investors preferred to wait for more developments, including the Bank of Japan’s monetary statement today and the outcome of the European Central Bank’s policy meeting tomorrow.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s