Morning Highlights

Our Focus for Today is on INDIVIDUAL STOCKS

 

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume.

 

Bullish Stocks (Singapore):

 

Symbol

Name

Entry

SL

TSL

TP

Remarks

1

WLIL

Wilmar International Ltd

5.33

5.08

 

5.58

Yesterday’s standby position is still valid for today. The Stock is strong though Sector is weak. We’ll see how it performs from here.

2

ROTE

Rotary Engineering Ltd

 

 

 

 

This stock manages to trade above the resistance at 0.75. Hopefully it can stay above 0.75 and wait for setups

3

SIAT

Singapore Airport Terminal Services Ltd

2.33

2.10

 

2.56

 

4

DBSM

DBS Group Holdings Ltd

11.58

11.38

 

11.78

 

 

Side Notes: Updates on Mid-Term Short Trading given on 7th July 2009.

<Holding Period should not go beyond 1-2 months>

Bearish Stocks (Singapore):

 

Symbol

Name

Entry

SL

TSL

TP

Remarks

1

HIPI

Hi-P International Ltd

0.56

0.63

 

0.49

Triggered – current price at 0.565

2

BIOS

Biosensors International Group Ltd

0.455

0.51

 

0.49

Triggered, current price at 0.465

3

EZRA

Ezra Holdings Ltd

1.13

1.23

 

1.03

Triggered – current price at 1.20

4

IFAR

Indofood Agri Resources Ltd

1.14

1.32

 

0.96

Triggered – current price at 1.10

5

SWBR

Swiber Holdings Ltd

0.825

0.89

 

0.76

Triggered – current price at 0.775

6

COSC

Cosco Corp Singapore Ltd

1.23

1.33

 

1.13

 

 

Afternoon Highlights

The market is choppy today. As illustrated on the 15min Chart, the market is trading in a congested area. Based on the upper trend line, the market managed to break through but fail to hold on to 2314.62. On the lower trend line, the market broke down and is struggling to hold on to the low of 2304.89.

STI 15MIn TimeFrame 10/07/09

Looking on the broad case, recent days look more like the market is doing a throwback from its drop. Once the throwback is finished, the downtrend may resume its strength. We are bearish in short term.

 

Here the end of day STI charts for you reference:

STI Daily Chart 10/07/09

STI 15Min TimeFrame 10/07/09