1. www.capitalvia.com.sg
W E E K LY
20th to 24th Jan 2014
Global Research Limited
Technical Report on STI
SINGAPORE
EXCHANGE

2. www.capitalvia.com.sg
Global Research Limited
W E E K LY
Straits Time
Times
Technical Report on STI
Figure: 1, Period: Weekly
Straits Times Weekly Wrap
Support 1
3120
Open
3150.74
Support 2
3090
High
3155.89
Support 3
3060
Low
3115.80
Resistance 1
3155
Close
3147.33
Resistance 2
3175
Change (In Points)
+3.51
Resistance 3
3190
% Change
+0.11%

3. www.capitalvia.com.sg
Global Research Limited
W E E K LY
Straits Time
Times
Technical Report on STI
WEEKLY WRAP OF STI
STI were struggling to cross its previous week high but can't able to cross that level and traded in a same range however closed down from
opening.
Week starts with higher opening @ 3150.74 levels and then it fell down and made week low at 3115.80 below 3120 support level. After taking
support on lower levels it recovers and made high of 3155.89 and then closed at 3147.33 with gain of 3.51 points up by 0.11% wow basis.
Macroeconomic factors:
Singapore's non-oil domestic exports (NODX) beat expectations to grow 6 % year-on-year in December, turning around from a revised 8.9 %
fall in November to stage its strongest rise in more than a year.
Month-on-month, the NODX also rose a seasonally-adjusted 9.2 % in December, reversing November's 4.2% contraction. This too, beat the
median forecast of 2.8%.
MARKET FORECAST FOR WEEK AHEAD
STI faced tremendous resistance at its 3155 level this week, didn't crossed this high. Faced selling pressure at higher levels and crossed
support level.
STI formed candlestick pattern called Tweezers top, where 2 consecutive candles shares a same level of High and cant able to cross this high.
Here in STI faced resistance @ 3153-3155 mark from last 2 weeks and cant able to sustain above this. The Tweezers Top reversal pattern is
extremely helpful because it visually indicates a transfer of power and sentiment from the bulls and the bears.
For the coming week we can expect some more upward move if it will maintain above 3155 levels than it could touch 3190-3220 mark and on
the other side if STI crossed its 3120 mark then we will see more downside movement.
STI RESISTANCE
 STI having Resistance @ 3155 and above this level it may take resistance from 3175-3190 levels.
STI SUPPORT
 STI having nearest support @ 3120 below this 3090-3060 will be the support area for market.
TECHNICAL INDICATORS
 Technical indicators are in downtrend .MACD, RSI and CCI all are recovering.
Disclaimer
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective. The information contained herein is
based on analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for
personal information and we are not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may
arise from the recommendations above. The stock price projections shown are not necessarily indicative of future price performance. The information herein,
together with all estimates and forecasts, can change without notice. We does not purport to be an invitation or anoffer to buy or sell any financial instrument.
Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved.