On Thursday, Noble re-tests the resistance at $1.085 and closed at $1.085 with LOW volume of 30.76 million shares traded.

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

RSI & MACD are bearish though RSI in oversold region.

Important Resistance of Noble: $1.235

Immediate Support of Noble: $1.085

Currently prices are well below 20/50/100/200 days MA.

For the past trading sessions, prices has been trying to find the support at $1.085 despite heavy selling pressure on 16/May.

The support at $1.055 is expected to be strong.

We do suggest buying noble since prices are already near 3 years low and this is a bearish signal. However if really interested, do watch for any consolidation at the critical support of $1.055 as rebound is well expected now.

Stock Chart: Noble Grp! is contributed by : Singapore Stock Information Exchange

On 17/May, Singapore shares ended lower on continued worries over Europe with Greece preparing to hold fresh elections in June.

STI ended lower at 2822.61 (0.3%) with LOW VOL of 1.20 billion shares traded compared with 1.47 billion shares Wednesday. In the broader market, losers outnumbered gainers 194 to 159. Today STI undergo profit taking as investors sell on any spikes.

Headline in STI

After market close

Sembcorp Marine Ltd. (S51.SG) its unit Sembawang Shipyard has secured three contracts totaling S$130 million for ship repair and up-gradation.

Technical Analysis on STI

Immediate Resistance of STI: 2848

Immediate Support of STI: 2791

MY sentiment on STI: STI has re-test the critical support turned resistance at 2848 today but failed to breakout and instead close lower. This is a bearish signal. Suggest to hold on any plans of buying stocks.

Sembcorp Marine Secures Contracts Totaling S$130M! is contributed by : Singapore Stock Information Exchange

On Wednesday, Capitaland re-test the support at $2.63 and closed at $2.66 with regular volume of 10.34 million shares traded.

A long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

Both RSI & MACD are bearish though RSI in oversold region.

Important Resistance of Capitaland: $2.75

Immediate Support of Capitaland: $2.63

Currently prices are resisted by 200 days MA.

For the past 6 trading sessions, prices have been well support at the $2.63 support.

The support at $2.63 is expected to be strong.

Normally at this kind of bearish market sentiment, we would not advise anyone to long stocks. But if Capitaland remains supported despite STI falls, it may be a good chance for entry.

Stock Chart: Capitaland! is contributed by : Singapore Stock Information Exchange

On 16/May, Singapore shares ended lower due to worries Greece is edging closer to an exit from the euro zone after week-long coalition talks failed to form a government.

STI ended lower at 2831.15 (1.6%) with LOW VOL of 1.47 billion shares traded compared with 1.64 billion shares Tuesday. In the broader market, losers outnumbered gainers 365 to 71. Today STI continue to undergo heavy selling pressure on possible fallout of Greece from Euro.

Headline in STI

After market close

Singapore Airlines Ltd. (C6L.SG) plan to suspend flights to Abu Dhabi in the United Arab Emirates and Athens in Greece because of the weak performance of both routes.

Technical Analysis on STI

Immediate Resistance of STI: 2848

Immediate Support of STI: 2791

MY sentiment on STI: STI has broken another critical support at 2848 today as investors sell on bad news from Europe. We would warn traders not to long any stocks at the moment as the trend is heavily towards bearish. Wait for the selling to cool down before entry would be a better idea.

Singapore Airlines To Suspend Services To Athens, Abu Dhabi! is contributed by : Singapore Stock Information Exchange

On Monday, NOL broken the support at $1.05 and closed at $1.045 with regular volume of 10.53 million shares traded.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

RSI & MACD are bearish though RSI in oversold region.

Important Resistance of NOL: $1.05

Immediate Support of NOL: $0.995

Currently prices are well below 20/50/100/200 days MA.

Since 11/April, NOL has been undergo heavy selling pressure and the breached of critical support at $1.185 on 9/May with high volume affirm on the bearish of the trend.

The support at $0.995 is expected to be strong.

We would not suggest buying now due to the bearishness. But watch for the support at $0.995 for any signs of consolidation.

Stock Chart: NOL! is contributed by : Singapore Stock Information Exchange