Technical Report on STI Singapore 21st mar 2014

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21st March,2014 Technical Report Global Research Limited www.capitalvia.com.sg STI & KLCI

description

Today STI opened at 3071.87 and made a high of 3101.86, further STI was unable to maintain itself above 3100 and closed at 3057.20 by making low of 3053.68.

Transcript of Technical Report on STI Singapore 21st mar 2014

Page 1: Technical Report on STI Singapore 21st mar 2014

21st March,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

STI & KLCI

Page 2: Technical Report on STI Singapore 21st mar 2014

Top Losers

Scrip Name CMP %change

Jardine C&C 41.780 3.309

THBEV 0.615 3.150

GoldenAgr 0.575 2.542

GLP 2.580 2.273

JMH 400US$ 57.700 2.037

Top Gainers

Scrip Name CMP %change JSH 500US$

34.300 0.058 SIA

10.230 0.788

Technical Report

STI Day Performance

Open

High

Low

Change(Points)

% Change

Volume

Rise

Fall

Unch

3071.87

3101.86

3053.68

-23.55

-0.76%

1628.0M

130

241

412

STRAITS TIME LEVELS

Support 1

Support 2

Support 3

Resistance1

Resistance 2

Resistance 3

3045

3032

3020

3065

3080

3095

Market Review for STI:

Today STI opened at 3071.87 and made a high of 3101.86, further STI was unable to

maintain itself above 3100 and closed at 3057.20 by making low of 3053.68.

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

Close 3057.20

Technical view on STI

Market forecast for STI:

Today's performance of STI makes a Red candle & the formation of inverted hammer,

where it has a small real body and a long shadow. Further the Moving Average Envelops

shows that the STI is in consolidate phase and trading in a tight range where it's

becoming difficult for STI to sustain above the level of 3100.

Technical indicators:

RSI is under the base line @40.87 & MACD is moving flat where the CCI is performing at

-151.88

Technical Report on STI

Page 3: Technical Report on STI Singapore 21st mar 2014

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

Important Factor for today:

30.2% increase in share price of Asiatravel between Tuesday & Wednesday further SGX made a red alert

for it.

SGX is about to revise the fee structure which will be applicable from 2nd May 2014 as to make the trading

more cost effective the clearing fee would be reduced by one fifth from 0.04% to 0.325% of contract value.

Technical Report

FBMKLCI Day Performance

Open

High

Low

Change(Points)

% Change

Volume

Rise

Fall

Unch

1814.29

1818.17

1811.16

0.73

0.04%

1512.1M

321

440

1342

KLCI LEVELS

Support 1

Support 2

Support 3

Resistance1

Resistance 2

Resistance 3

1805

1792

1778

1825

1838

1852

Close 1818.17

Technical view on KLCI

Technical Report on KLCI

Page 4: Technical Report on STI Singapore 21st mar 2014

Top 5 Losers

Scrip Name CMP %change

WCT-CL 0.005 66.67

SUNWAY-CG 0.005 50.00

SPSETIA-CI 0.005 50.00

UOADEV-CJ 0.015 40.00

FGV-CP 0.025 37.50

Top 5 Gainers

Scrip Name CMP %change

KIMLUN-WA 0.490 60.66

EWEIN-WA 0.250 42.86

MAGNUM-CR 0.020 33.33

THETA-WA 0.150 30.43

TROP-CC 0.025 25.00

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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Disclaimer

Market Review for KLCI:

Today KLCI opened at 1814.29 and touched the high of 1818.17 further closed at the

high. Today the green candle was formed for the day.

Market forecast for KLCI:

Hammer Pattern was formed by the todays candle with the small body and long shadow.

Studding the Bollinger Bands it can be said that the KLCI is in the Over Sold position and

can take a recovery for the up side. Where there is a flat move for the EMA.

Technical indicators:

RSI is just bellow the base line @48.19. Where the CCI is performing at -92.44.