Technical Report on STI 06th Feb, 2014
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Transcript of 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
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.
1
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
2
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
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