On 25/Jan, Singapore shares ended higher as China could introduce more stimulatory policies ahead.
STI ended higher at 2891.64 (1.5%) with HIGH VOL of 1.30 billion shares traded compared with 1.69 billion shares Friday. In the broader market, gainers outnumbered losers 265 to 126. Today STI rally under moderate buying pressure as some investors prefer to sideline on overbought market.
Headline in STI
After market close
No market news.
Technical Analysis on STI
Immediate Resistance of STI: 2906
Immediate Support of STI: 2856
MY sentiment on STI: STI closed near the critical resistance at 2906 (200 days MA) today and RSI already in overbought region. The possibility for pullback is very high, we would suggest to take profit off the market if vested especially for short term investors.
STI Likely Pullback On Overbought Market! is contributed by : Singapore Stock Information Exchange
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