Weekly Technical Report on STI (19-23 may)

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

Technical Report on STI Technical Report on STI Technical Report on STI Technical Report on STI W E E K LY

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19th to 23rd May, 2014



Straits TimeStraits Times Technical Report on STI Technical Report on STI Technical Report on STI Technical Report on STI W E E K LY

Figure: 1, Period: Weekly

Straits Times Weekly Wrap

Resistance 3Resistance 3

Support 2Support 2

Support 3Support 3



3250

3230

3200

3290

3310

3330

Support 1Support 1 3253.74

3273.95

3221.37

3262.59

OpenOpen

High High

LowLow

CloseClose

88.44Change (In Points)Change (In Points)

2.71%% Change% Change




STI formed a Green candle for this week and performed well as in starting it got a bit effected from the

movement of the European market but later it took a up-side and made a high of 3273.95 and closed well

at 3262.59 Technically the counter has a good support @3220 and the resistance of 3285 where the 50

Days EMA is 3164 & 20 Days EMA is showing 3181

WEEKLY WRAP OF STI

Straits TimeStraits Times

Macroeconomic factors:

Non-Landed private homes fall to 1.7% in April for the Resale Price. As it touched to 16 months low from

Dec 2012.

CNMC attained a net profit of US$1.26 million (S$1.58 million) with a large jump in gold production,

recovered a loss of US$0.6 million the year before.

United Overseas Bank Limited's (UOB) awarded with a rating of “BBB” by Fitch rating Agency

Profit for CDW Holding was announced yesterday will a sharp fall of 50.4% where a year ago it was 1.41

million major reason that pull the profit was higher material cost so the earning per share (EPS) came

@0.30 US cent and Revenue grew 2% to US$34.75 million

Sinarmas Land's Q1 earning fall to SG$93.3 million due to weaken revenue to low land sales.

Earnings of Olam International for Q1 jumped more than doubled to SG$396.1 million after breakthrough

of higher depreciation and tax expenses attained previous year.

Q1 earning for Nam Cheong Limited doubled to 71.1 million Yuan, as revenue rose because of

shipbuilding segment.




Straits TimeStraits Times

Market Forecast for week ahead:

Technical Indicators:

Signal line @19.83 of MACD is above the difference line @16.58 where RSI is at 61.24 CCI is performing at

109.11

As the performance of the STI was weak in last week but for this weak it performed well and made a green candle. Technically STI looks like it would taste for the new resistance and can approach for the level of 3280 global economic factor & market sentiment will cause the major change in the price value of STI.

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Weekly Technical Report on STI (19-23 may)

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Transcript of Weekly Technical Report on STI (19-23 may)