Morning Highlights

Please watch out for the index resistance at 2604.

Meantime, just hold on to any long positions or takes partial and trail according.

 

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

DBSM

DBS Group Holdings Ltd

12.54

12.28

12.82

12.80

Triggered – Current Price at 12.94

2

UOBH

United Overseas Bank Ltd

15.80

15.40

16.52

16.20

Triggered – Current Price at 16.76

Exit Half at 16.44

3

VENM

Venture Corp Ltd

8.31

8.11

 

8.51

CLOSED at 8.28 

4

WLIL

Wilmar International Ltd

5.72

5.55

5.60

5.89

CLOSED – Take Profit at 5.76

5

SGXL

Singapore Exchange Ltd

8.25

8.07

8.51

8.43

Triggered – Current Price at 8.75

Exit Half at 8.75

6

SIAL

Singapore Airlines Ltd

 

 

 

 

Waiting for signal

7

STEL

Singapore Telecommunications

3.41

3.24

 3.38

 3.58

Triggered – Current Price at 3.47

Exit Half at 3.48

8

FRNM

Fraser & Neave Ltd

4.14

4.08

 4.07

4.20

Current Price at 4.13

Stock Prices last updated at 17:05 (Singapore Time)

Afternoon Highlights

Early recovery phrase, we will see financial stock leading first, which is happening right now, with 3 banks and SGX leading.

 

Next, we might be exciting property as the coming wave. Nonetheless, after the financial stocks run, any of the listed sectors may lead. Currently we see some action on commodity stocks, which could be the next in line, but still under further observation for confirmation.

 

Therefore during this recovery phrase, we shall keep a lookout in the following Sectors namely:

1)   Financial

2)   Transport

3)   Technology – Venture

4)   Basic Industry

5)   Goods & Services – Singapore Airline, Fraser & Neave

6)   Energy and Precious Metals (Commodity) – Wilmar

7)   Construction

 

Important Notes:

Please watch out for tomorrow opening if overnight Don Jones close high with positive more than 1%.

After this rally, the next rally could be on property stocks, lookout for City Development, Allgreen, Hongkong land, Keppel Land.