singapore stock picks

Tuesday, April 22, 2014

STI & KLCI Technical Report for 23rd April

Market Review for STI:
Today STI Opened at 3258.56 and came in a bullish trend after a consolidate move for last three days, it made a high of 3277.53 and closed at the same. It formed a green candle for the day.
STI Day Performance Open 3258.56
High 3277.53 % Change 0.67% Close 3277.53
Low 3255.64 Volume 2063.7M Fall 122
Change(Points) 21.70 Rise 296 Unch 654
Market forecast for STI:
A Green candle with a long real body was formed for the day with a short shadow. After three days of range bound trading today STI made a long candle for the day & take a bullish move. Marubozu pattern was formed for the day. Today STI break the high of 24th July 2013 a high point from last 11 Months, expected to take an up move for the coming sessions.
STRAITS TIME LEVELS
Support 1 3267
Support 2 3255
Support 3 3240
Resistance 1 3288
Resistance 2 3307
Resistance 3 3320
Technical indicators:
RSI is above the centre line @75.36 is about to move in overbought level. Where CCI is @ 149.49.
Important Factor for today:-
  • Mapletree Logistics Trust posted 1.89 Sg Cents for its Q4DPU
  • Ascendas Reit posted 3.5 Sg Cents for its Q4 DPU where the distributable income was 85.3 Million
  • Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.
Market Review for KLCI:
A short green candle was formed for the day where KLCI opened at 1862.90 and made a high of 1866.42 and gave the same closing with a low of 1816.90
KLCI Day Performance Open 1862.90
High 1866.42 % Change 0.19% Close 1866.42
Low 1861.90 Volume 2609 M Fall 404
Change(Points) 3.49 Rise 455 Unch 1289
Market forecast for KLCI:
 After taking a long up move yesterday KLCI maintain itself above the support level of 1850 and now is in an uptrend as a green candle with a little lower shadow was formed for the day. By observing the last three trading session KLCI is now in an uptrend and buyers are more interested now.
Technical indicators:
RSI is above the centre line @64.26 else CCI is @175.54

Monday, April 21, 2014

Singapore & Malaysia Stock market Analysis for 22nd April

Market Review for STI:
Today STI opened at 3260.78 and made a high of 3264.21 later pressure was seen in the market and it made a low of 3250.91 while closed at 3255.83. There was the volume of 1706.5Million.
STI Day Performance
Open3260.78
High3264.21
Low3250.91
Close3255.83
Change(Points)2.03
% Change0.06%
Volume1706.5M
Rise176
Fall217
Unch679
Market forecast for STI:
A Red candle was formed for the day a Spinning Top candle was formed with a short real body and short upper and lower shadow. As published in our weekly report; that STI would take some corrections, today it formed a red candle for the day and is expected to be in same correction mode for few trading sessions.
Technical indicators:
RSI is above the centre line @72.09 is about to move in overbought level. Where CCI is @ 130.87.
STRAITS TIME LEVELS
Support 1
3245
Support 2
3230
Support 3
3215
Resistance 1
3265
Resistance 2
3280
Resistance 3
3295
Important Factor for today:-
  • CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
  • RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
  • Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business.
  • Trading in Chemoil will be suspended from 5 May 2014 as Friday 2nd May will be the last trading for Chemoil. 
Market Review for KLCI:

Today KLCI opened at 1851.61 and took the up move, made a high of 1864.94 and gave closing near to its high at 1862.93 while at the time of opening KLCI opened down with a lower side of 1849.68.
KLCI Day Performance
Open1851.61
High1864.94
Low1849.68
Close1862.93
Change(Points)10.24
% Change0.55%
Volume2608.9M
Rise523
Fall326
Unch1299
Market forecast for KLCI:
A long green candle was formed for the day with a long real body and short upper and lower shadow. As KLCI has recovered from down side and now is in a complete uptrend and looks forward to break its resistance of 1872 in the coming trading days.
Technical indicators:
RSI is above the centre line @62.42 else CCI is @111.71
KLCI LEVELS

Support 1
1852
Support 2
1840
Support 3
1825
Resistance 1
1872
Resistance 2
1885
Resistance 3
1899

Friday, April 18, 2014

STI Singapore : Weekly Technical Analysis VIew


Weekly Technical view on STI
Weekly wrap of STI:
This was a bullish week for the STI, opened at3209 and an uptrend was observed which took STI for a new levels and made a high of 3259 further closed at 3253. A long green candle was formed for the week.
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
3220 3190 3160 3270 3395 3335
Macroeconomic factors:
  • Singapore made 5.1% growth in Q1 GDP on YOY basis as the announcement made by the Ministry of Trade & Industry.
  • The major sector that lead the GDP growth was manufacturing which grew 8% on YOY basis and 7% in the previous Quarter.
  • Slowdown in the annual economy growth of China between Jan-Mar 2014 to 7.4 % from 7.7 % in the previous three months.
  • Fall of 9.5 % in Retail Sales for Feb on YOY basis due to seasonal factors as Chinese New Year took place in Feb last Year.
  • Singapore’s March home sales dropped to a three-month low as first-quarter private residential prices fell the most in five years.
  • Home sales slid 83% to 480 units last month compared with 2,793 in the same period a year ago, according to data from the Urban Redevelopment Authority released today. Sales fell 35% from February, the data showed.
  • Singapore Non-Oil Domestic export fell 6.6 on where there was a jump of 8.9% in Feb. Reason for the downfall was decline in electronics and non-electronics shipments, electronic export droped 3.7% Feb where 16.1% in Mar.
Technical Indicators:
Technical Indicators are showing the uptrend where RSI is above the centre line @61.21 else CCI is @ 179.12 which means that there is still a fair move for STI to take upside.
STRAIT TIMES WEEKLY WRAP
OPEN 3209.42
HIGH 3259.07
LOW 3205.96
CLOSE 3253.80
CHANGE (In Points) 55.58
% CHANGE 1.73
 STI Market Forecast for week ahead:
For this week STI almost covered a range of 43 points with few gap up opening on the daily chart, else STI broke the major resistance in this week, the next resistance for STI comes at 3285 and support at 3220 as it formed a long green candle, for the day with a short upper and lower shadow.
For the coming week a consolidation phase is expected more as there were the gap up openings in few trading sessions, else STI can break the resistance with good fundamentals & economic news for the next week.
KLCI Market Forecast for week ahead
KLCI is performing at its crucial support of 1850 and for the whole week it moving around the same level a tight range can be noticed on the chart with a little low volume for the coming week a recovery is expected in KLCI and the major resistance would be @1863 else support @ 1840.

Thursday, April 17, 2014

Singapore STI & Malaysia KLCI Tachnical Analysis

Market Review for STI:
Singapore shares opened higher today, STI was up by 3.00 points to 3,256.20 where ended 0.02 per cent higher today.
STI opened at 3257, took a down trend and made a low of 3246.66 later gave closing at 3253.80. a Red candle was formed for the day.
Open- 3257.52        High- 3259.07 Low -3246.66         Close -3253.80 Change(Points) -0.60
% Change -.02%        
Volume -1798M        Rise -216        Fall – 199                Unch -657
Market forecast for STI:
Today STI formed a Red Doji candle for the day with a real short body and a short upper & long lower shadow. As STI made a gap up opening with 4 points and formed a Red Doji candle. As published in the yesterday’s report STI has formed a Red candle and is in a correction mode.
Technical indicators:
RSI is above the centre line @71.77 is about to move in overbought level. Where CCI is @ 120.60
STRAITS TIME LEVELS
Support 1
3243
Support 2
3230
Support 3
3215
Resistance 1
3263
Resistance 2
3275
Resistance 3
3288
Important Factor for today:-
  • Singapore Non Oil Domestic export fell 6.6 on where there was a jump of 8.9% in Feb. Reason for the downfall was decline in electronics and non-electronics shipments, electronic export droped 3.7% Feb where 16.1% in Mar.
  • CapitaLand Limited has signed an agreement to acquire an additional 80% interest in CapitaLand (Beijing) Kai Heng Holdings Pte. Ltd. from CapitaLand China
  • Development Fund Pvt. Ltd.. The cash consideration for the Acquisition is RMB220.2 million, approximately S$45.1 million.
Market Review for KLCI:
Malaysia stock took upside at opening where KLCI up by 3 points to 1847.4, ended higher by 5.17 points and closed at 1,850.54.
 Open - 847.40         High -1852.13 Low -1847.40         Close -1850.54 Change(Points) -5.17
% Change – 0.28%  
Volume -2522.4M     Rise -406  
Fall -409                 Unch -1330
Market forecast for KLCI:
KLCI formed a Green candle for the day with a long real body and a short upper shadow as yesterday a Red candle was formed and was expected that the KLCI would break the major support of 1850 but today it took the up move and was able to sustain itself above the crucial support. Hence a consolidation is expected for further trading sessions.
KLCI LEVELS
Support 1
1838
Support 2
1828
Support 3
1818
Resistance 1
1851
Resistance 2
1860
Resistance 3
1870
Technical indicators:
RSI is above the centre line @54.91 else CCI is @22.68

Friday, April 11, 2014

Singapore & Malaysia Market Daily Update

Strait Times Index
Weekly wrap of STI:
This week was a range bound week for the STI, as it opened at 3203.05 further made a high of 3215.95, else went down till 3198.22. It formed a red candle for the week.
STI formed a Spinning Top Candle for this week on the weekly chart which is also called as the long Legged Doji where it has a small real body with a long upper and lower shadow.
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
3180 3160 3135 3220 3242 3265
Macroeconomic factors:
  • Ezion Holding Limited had entered in the agreement with JK Tech Holding where JK Tech will allot 42,000,000 ordinary shares @ S$0.09 per option to Ezion Holding.
  • SGX announced that the customer will have a direct access to transparent clearing services, this will effect greater optional efficiency and cost saving through its platform.So companies and banks who want to hedge their exposure between the Thai baht and Malaysian ringgit through non-deliverable interest rate swaps (NDIRS) are now able to do so directly at the Singapore Exchange (SGX), instead of going through their banks.
  • Intellectual Property Office of Singapore launched a new S$ 100 Million intellectual Property Financing Scheme to help the local business.
  • 0.2 % up in resale price of non-landed private homes in march.
  • OCBC has price US$1 Billion fixed rate subordinated notes under US$10Billion Global Medium Term Note Programme. Notes are priced at 99.40%
Market Forecast for week ahead:
The market is moving in the uptrend and is supported by the good volume the technical indicators are also positive for the next week. STI formed a red candle for the week but still it was able to maintain itself above the trend line drawn in the chart @ 3200.
As the Red Spinning Top candle was formed for the week so it is expected that the market will take a reversal as Spinning Top is a reversal candle and we could see that the market can break the resistance in coming days.
STRAIT TIMES WEEKLY WRAP
OPEN 3203.05
HIGH 3215.95
LOW 3181.78
CLOSE 3198.22
CHANGE (In Points) 14.5
% CHANGE 0.45
Technical Indicators:
Technical Indicators are showing the uptrend where RSI is above the centre line @56.64 else CCI is @ 133.62 which means that there is still a fair move for STI to take upside.
KLCI
Weekly wrap of KLCI:
KLCI is still performing at the peak point of its life time, but for this week it formed a red candle on weekly chart. KLCI opened at 1856.52 and made a low of 1848.19 later it took the upside at 1862.90 and closed to the high at 1852.66
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1840 1825 1805 1865 1880 1900
Spinning Top Candle was formed for this week with a short real body and a long upper & short shadow.
 Market Forecast for week ahead:
KLCI is performing above the support line and is expected to take an uptrend as the Spinning Top pattern was formed where 20 days EMA 1823.80 & 50 days EMA is 1787.33
Technical Indicators:
Technically KLCI is having a bullish trend on the chart where CCI is @123.54 & RSI is about to enter in the overbought range @60.90
KLCI WEEKLY WRAP
OPEN
1856.52
HIGH
1862.90
LOW
1848.19
CLOSE
1852.66
CHANGE (In Points)
3.950
% CHANGE
0.21

 
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