Technical Report on STI 06th Feb, 2014

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SINGAPORE EXCHANGE 06th Feb,2014 Technical Report Global Research Limited www.capitalvia.com.sg

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Transcript of Technical Report on STI 06th Feb, 2014

Page 1: Technical Report on STI 06th Feb, 2014

SINGAPORE

E X C H A N G E

06th Feb,2014

Technical Report

G l o b a l R e s e a r c h L i m i t e d

www.capitalvia.com.sg

Page 2: Technical Report on STI 06th Feb, 2014

Technical Report

STI Day Performance

Open

High

Low

Change(Points)

% Change

Volume

Rise

Fall

Unch

Open

2974.80

2984.65

2960.09

2960.09

-5.71

-0.19%

1847.1M

159

211

414

STRAITS TIME LEVELS

Support 1

Support 2

Support 3

Resistance1

Resistance 2

Resistance 3

2950

2930

2910

2980

2995

3015

Top 5 Gainers

Scrip Name1

CITYDEV

CapMallsAsia

Semb Corp

Olam

Kep Corp

2.19

1.77

1.73

1.39

0.98

CMP %change

8.87

1.72

5.28

1.455

10.290.98

Top 5 Losers

Scrip Name1

THBEV

CapitaMall

SIA Engg

HKLand US$

ST Engg

-4.72

-1.36

-1.04

-0.82

-0.81

CMP %change

0.505

1.82

4.76

6.05

3.66

Market Review:

Singapore shares rebounded from 4 consecutive sessions of losses today as

Wall Street steadied and concerns about emerging markets eased.

Market forecast: STI opened with good gap up @ 2974.80 and then it made day high @2984.65 crossed its

61.8% retracement level , but can't able to sustain that high mark and fell down and finally

closed and lower levels for the day.

STI formed a black candlestick as it traded lower side whole day. This is again a single

candle and highly bearish formation.

As STI traded below its 61.8% retracement level of 2974 and closed well below this level, so

we expect more down side if it will maintain this level on down side.

Support:

STI having immediate support @ 2950 level and below this level it can take

support @2930-2910 will be the support zone for STI.

Resistance:

STI having immediate Resistance @2980 and above this level it may take

resistance @ 2995-3015

Technical indicators:

Technical indicators MACD, RSI and CCI are trading down.

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Page 3: Technical Report on STI 06th Feb, 2014

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G l o b a l R e s e a r c h L i m i t e d

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Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective. The

information contained herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch for the

accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred

based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.

The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with

all estimates and forecasts, can change without notice. We does not purport to be an invitation or anoffer to buy or sell any financial

instrument. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved.

Important Factor for today:-

Corporate Action & Result Calendar as on 30th January 2014

Disclaimer

SingPost, 3Q14 Net Profit Flat At S$39.4 Million.

Tritech Group Limited's wholly-owned subsidiary, Tritech Engineering & Testing (Singapore) Pte Ltd, had on 4 February 2014, been awarded a S$4.465 million contract, "Contract ER446 Site Investigation Works for LTA Projects" by the Land Transport Authority. The commencement date of the Contract is 4 February 2014 and the expected completion date is 3 February 2017.

Corporate Action & Result Calendar as on 6th Feb 2014

Company Name Type Expiry Date Record Date Date Paid/Payable Particulars

AscendasHT 3rd Quarter Results

Star Hub Full Year Results

SIA 3rd Quarter Results

CAPITARETAIL CHINA TRUST DIVIDEND 05 Feb 2014 07 Feb 2014 27 Mar 2014

1JUL-31DEC,DRP SGD 0.0249 TAX EXEMPT

CAPITARETAIL CHINA TRUST DIVIDEND 05 Feb 2014 07 Feb 2014 27 Mar 2014 1JUL-31DEC,DRP SGD 0.0184

Technical view on STI