Singapore Market Review 20 Jan 2014. Federal International
By Stock Market • January 21, 2014
On 17 Jan 2014, our local benchmark gap down at opening, trend further down to find support at 3120 before rallied to close at its day high. Since 6 Jan 2014, the STI has been stuck within the range of 3115 to 3156. On 20 Jan 2014, STI imprints an inside day bar, holding above 3120. The indecisiveness of the market could make one feels uncomfortable. No change in views. Current support level stands at 3120. followed followed by 3094 - 3102 (gap up) ; Current resistance 3155 -3160, followed by 3164 - 3174 (gap down).
As shown below, the weekly RSI chart indicates that the STI remains in a Bear Mode.
For the Big Cap Category, the usual favorites (Charisma Energy, Hankore Environment, and SIIC Environment) have witnessed the selling pressure. SG Big Cap 20 Jan 2014.source: Bloomberg For the Small Cap Category. Federal ...
