TECHNICAL REPORT

ON

G l o b a l R e s e a r c h L i m i t e d

SINGAPORE

E X C H A N G E

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SPECIAL REPORT

6th November, 2013

Figure: 1, Period: Daily

G l o b a l R e s e a r c h L i m i t e d

SINGAPORE

E X C H A N G E

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Support 1

Support 2

Support 3

Resistance 1

Resistance 2

Resistance 3

3175

3155

3220

3235

3250

Straits Times Levels

3195

G l o b a l R e s e a r c h L i m i t e d

SINGAPORE

E X C H A N G E

TECHNICAL VIEW

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Singapore, share opened higher also maintain 3200 mark as closing basis.

STI opens gap up@ 3213.86 and then it made day high @ 3217, and faced resistance at that level and fell below the

previous closing level and made day low at 3200.56 and finally closed @ 3205.54 with gain of 1.600 up by 0.05%.

Some 2.04 billion shares, valued at S$867.8 million were traded. Gainers numbered 208 while losers

numbered 198.

Bank lending in Singapore rose 1.1 % in September from August, helped by an increase in loans for general

commerce and business services, central bank data showed.

MARKET REVIEW

STI trading in a narrow range for 2nd week as we mention in our previous report that STI trading range is 3180-

3235 level, either side movement will clear the direction.

On daily chart of STI, its 200 day and 50 day EMA levels are about to cross each other and its will be a bullish

crossover.

MARKET FORECAST

STI having immediate support @ 3195 level and below this level it can take support @3175-3150 will be the support zone for STI.

SUPPORT

STI having immediate Resistance @3220 and above this level it may take resistance @ 3235-3250

RESISTANCE

Technical indicators MACD, RSI and CCI are looking bearish now, CCI again trading below its +100 mark@ 48.46, RSI trading above centreline @55.059

Technical indicators

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SINGAPORE

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