2719 would be the level to take note for today’s STI direction
Posted by admin in Events and Advertisements, Futures Pick, Market Analysis, Stock PickGood Morning Everyone,
STI most likely will open higher despite Friday’s Dow negative closing because the Singapore market missed the Dow’s 284 points rally on Thursday night. Currently, the Dow Futures is up 40pts therefore, mathematically, the combined numeric should lead the STI to test 2760. It closed at 2739 on Thursday.
I am looking at initial profit taking to be done on the CPO stocks first but I don’t foresee any big selling as the current futures markets seem pointing towards buying intention at the moment.
HK Future is having some resistance at around 19810-19820 level (our V3Go TAOS Range) thus unless the Index can go past and close above this range. If not, the Index may be expected to trade sideway for today.
For those people who are still in Genting, S$1.08 is my mid term target while the support is t 92cents. Kindly take note.
More updates will be shared as the day progress.
Disclaimer applied.
NOTE: More than 50% of the seats for tomorrow’s preview has been taken up. If you have not made the move to register for it, please kindly do that now by emailing us at Sales@Genesismgt.com.sg as we promise you that we will be sharing alot on the futures market. An event not to be missed!
V3Go Team
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