SingTel has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition the support level of 3.86 which has been tested successfully, may provide the springboard for the trend to continue.
Click on the links to read more
Straits Times has been trading above its upward sloping 20-Day Moving Average which is a good sign. This has brought the price near to the resistance of 3356.71 where we expect a good fight between the bulls and the bears. For the upside to continue, the resistance needs to be broken conclusively, preferably with high volume. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
Commentary Based on Daily Chart (27 Nov 2014)
INVESTOR RELATIONS FEATURED COMPANY
YHM GROUP LIMITED
WE HOLDINGS LTD.
ShareInsightTM is published by ChartNexus Software Pte. Ltd. ('ChartNexus') and provided by UOB Kay Hian Pte Ltd ('UOB Kay Hian') and has been prepared for general circulation.
This document is intended solely for information purposes only.
Any opinion contained in this document is subject to change without prior notice.
Nothing in this document may be copied, published, circulated or reproduced without our express written consent.
Nothing in this document should be construed as an offer to or a solicitation for the purchase of any securities/ instruments referred to herein.
The securities/ instruments referred to in this document may not be suitable for investment by all persons and any recommendation made in this document does not have any specific investment objectives nor is it intended to address the specific financial situation and needs of any particular person. Whilst we have based the market outlook on known technical analysis tools and information from sources which we believe to be reliable, we nevertheless do not make any representations, undertakings or warranties in respect of the accuracy, correctness or completeness of the information. You are therefore expressly advised not to act of such information without first obtaining independent verification and advice.
Any forecasts made in this document are not necessarily indicative of the future performance of the securities/instruments.
ChartNexus and UOB Kay Hian accept no responsibility and liability howsoever arising for any direct and/or consequential losses arising from and/or in connection with any use of the information in this document (and any further communication made in connection with this information).
ChartNexus, together with UOB Kay Hian and their affiliates, directors, connected persons and employees may from time to time have an interest in or take positions in the securities/instruments mentioned in this document.
UOB Kay Hian Pte Ltd. All rights reserved. Company Registration Number 197000447W