Technical Analysis Report on STI for 10th Oct
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Transcript of Technical Analysis Report on STI for 10th Oct
TECHNICAL REPORT
ON
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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SPECIAL REPORT
10th October, 2013
Figure: 1, Period: Daily
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Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3110
3080
3165
3185
3205
Straits Times Levels
3130
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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TECHNICAL VIEW
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£
£ STI opens @3135.72 and then it made day low @ 3132.94 and then it was traded higher side and made day high @
3162.74 and then trading in a narrow range and finally closed @ 3154.84 with gain of 8.34 points up by 0.27%.
£ Volume was 3.507 billion shares worth S$967.6 million. Losers outnumbered gainers 224 to 196.
STI closed o positive node on 2nd consecutive day, above 3150 mark.
MARKET REVIEW
£ Today STI open above its historical support level of 3130 and maintain this level whole day which is good sign.
£ As STI took support at its support levels and now trading in it turning direction, so we can say if it will continue
the trading above 3175 mark which is 38.2% retracement level. So it will be more bullish.
MARKET FORECAST
£ STI having immediate support @ 3130 level and below this level it can take support @3110-3080 will be the support zone for STI.
SUPPORT
£ STI having immediate Resistance @3165 and above this level it may take resistance @ 3185-3205
RESISTANCE
£ Technical indicators MACD, RSI and CCI all are seem to taking support at lower levels and turning from that levels.
Technical indicators
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