SGX SINGAPORE
TECHNICAL VIEW
MARKET REVIEW
STI opens above its major resistance zone of 3118 @ 3120.47 and closed near to next resistance and days high.
STI opens above its major and multiple resistance level of 3118 @ 3120.47 and then made a high of 3145.13 near to our major Resistance
of 3150, and finally closed @ 3140.62 with gain of 20.15 points up by 0.65%.
MARKET FORECAST
STI closed well above its multiple resistance level of 3118 and heading towards next resistance of 3150, but today can't even touch the level
made a high of 3145.13 and closed near today's high, as we previously told that STI having a crossover between its 50 & 200 day MA level
and it's a good sign for Market and STI exactly act at this.
If we see daily chart of STI than we find it has a 3 white candlestick pattern, but this is not enough candles to make a three solders , but still
STI looks bullish on charts.
STI SUPPORT
STI having strong support @ 3118 which is multiple resistances previously now act as a support and below this level it can take support @
3096-3065 levels.
STI RESISTANCE
STI having Resistance @ 3150 and above this level 3170-3180-3200 will be the small and also major resistance zone for STI.... CLICK HERE FOR MORE
TECHNICAL INDICATORS
Indicators MACD and RSI both are bu
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