Weekly Outlook Market 10-NOV-17
The benchmark Straits Times Index went higher by 37.79 points or 1.12% last week. STI opened lower at 3380.36 and ended much higher at 3420.10 with the weekly low of 3368.10. The market has shown much bull power and it continues the uptrend after finding much support around 3358 level.
The market has ended higher after getting regular support from 3358 level. It also closed at 17 week’s high at 3420.10. It can continue its uptrend this week too with getting some support around 3400 level.
After the break a strong hurdle of 3400, it can now go for 3500 level in coming days. Fresh buying has been started now and the market looks solid in coming days. Buy on dips strategy would follow in this condition. 3470 seems a quite a resistance level whereas 3390 would be better support level for this week.
|MACD||12,26,9||53.09, 44.06, 9.02|
|Cosco Shp Sg||0.440||0.445-0.310||+46.67|
|Cosco Shg Sg||Long||0.440||0.490||0.540||0.395|
|6-Nov-17||Jiutian Chemical||Long||0.066||0.072||0.062||Target Done|
|6-Nov-17||Allied Tech||Long||0.070||0.076||0.066||Target Done|
|7-Nov-17||Cosco Shg Sg||Long||0.390||0.440||0.365||Target Done|
|8-Nov-17||Falcon Energy||Long||0.086||0.092||0.082||Target Done|
|10-Nov-17||Cosco Shg Sg||Long||0.445||0.485||0.425||Open|
The website is intended for information purposes only. Investors should get advice from a financial advisor before making any investment in a specific product. Investment in the financial market has its own risks. Sincere efforts have been made to provide the right investment strategy. The information contained on the website is based on complete analysis and on sources that we consider reliable. The material present on our site is for personal information and we are not responsible for any financial profit or loss if occurred during your trading.
Past performance of MMF Solutions or the fund, is not a kind of indication of its future performance. Also, any prediction or projection of the stock market, economy or economic trend of the market is not a kind of any indication of future performance of the fund. Investment in units of the capital is subject to risks, including possible loss of principal amount invested.
The informative material contained in the website may not be reproduced or redistributed without allowance of MMF Solutions Singapore. The company reserves the right to make changes and corrections in the information present on the website including any predictions done anytime, without any prior notice.
MMF Solutions Singapore undertakes no liability for any loss if arising from the use of any opinions expressed. Also, we believe that the information provided is accurate at the date of production & no warranty or representation will be given to this effect and the company expressly Denys the liability for the occurrence of any errors or omissions. The information contained in the website is on a general basis without obligation and on the understanding that any person acting upon or relying on it, is only at his or her own risk.
Tags: intraday stock picks, intraday trading signals, Investing in Stocks, Online Stock Trading, SGX Stock Picks, Sgx Stock Recommendation, Share Market Tips, stock investment, Stock signals, stocks to buy now