STI Outlook- Singapors Stock Market Updates

STI opens with huge gap, below its major support level of 2650, and closed
below this 2650 level.

STI opened lower @ 2642 levels and then it continuously trades in the downwards and made a low of 2604.82, after made a lower level it turns and finally closed @ 2621.40 level with loss of 53.76 points down by
2.01%.

STI breached its 2650-2620 level of support and took support near to its 2600 mark @ 2604.82 and finally closed just above the 2620 @ 2621.40
levels.

As we told in our previous reports that STI is in the downward consolidation phrase and having major support@ 2620, which is breached today and for the coming days if it maintains above this level than only it can recovers.

On the other side of coin STI looking bearish and we expect that it can
breach the 2600 mark too and further made a new low in the coming days.

 


4 comments:

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Sofiya Lim said...

According to SGX stock trading news for today Straits Times Index (STI) ended 28.47 points or 0.82% lower to 3442.33, taking the year-to-date performance to +2.29%.

Anas Ahmed said...

The Stock Signals derived for today looking at the Singapore market conditions say that it is good to Buy Q & M DENTAL GRP [QC7] Above 0.770 Target 0.790 0.820 0.860 Stop Loss 0.720.

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