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):
|
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