Morning Highlights
The market is still trending upwards. We see a good support at 2424.52. The next possible support is 2446.45.
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)
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Name |
Entry |
SL |
TSL |
TP |
Remarks |
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1 |
KPLM |
Keppel Corp Ltd |
7.26 |
7.20 |
|
7.32 |
Triggered – CLOSED Half Profit Taken at 7.37 Rest of Profit at 7.35 |
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2 |
SGXL |
Singapore Exchange Ltd |
7.77 |
7.69 |
|
7.85 |
Triggered – CLOSED at 7.76 |
|
3 |
DBSM |
DBS Group Holdings Ltd |
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4 |
UOBH |
United Overseas Bank Ltd |
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5 |
VENM |
Venture Corp Ltd |
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6 |
STEL |
Singapore Telecommunications |
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7 |
STEG |
Singapore Technologies Engineering |
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Stock Prices last updated at 14:56 (Singapore Time)
Afternoon Highlights
As of 15:00 (Singapore Time), the market has pull back quite fiercely, up to -17.46 points. It is approaching to today’s low of 2446.45. Refer to chart attached:
STI 15 Min TimeFrame on 21/07/09
In Summary,
Overall market has come to a pause and correction is now due. We will have to after the correction is over to re-enter. 2424.52 serve as a good support from here onwards. Resistance at 2471.28 is to be watched for the time being. STI close at -1.82points.
Reference to STI Daily Chart, the market is beginning to trend.
STI 15Min TimeFrame (as of market close)
STI Daily Chart (as of market close)
