**It seems like the index is trending strongly. 2604 is now a possible support .

Look out for 2696.35!

We have a new position for City Development. Buy at 10.04, Stop Loss at 9.92, Take Profit at 10.16

(Latest Updates as of 16:03)

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Hi Everyone,

Financial Stocks continued with the lead at the open. STI has broke the high of 2604. We have just closed all our positions. Please refer to our Quick Picks for the closing prices.

 

So far, out of our Total 8 Positions since yesterday, we have only one losing trade (F&N) whereas the rest of the trades are all profiting relatively well. Cheers to all that have been following our thread. You are just in time to reap great profits during the past few days!

 

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

 

12.82

 

CLOSED – Take Profit at 13.08

2

UOBH

United Overseas Bank Ltd

15.80

 

16.52

 

CLOSED – Take Remaining Profit at 16.84

3

SGXL

Singapore Exchange Ltd

8.25

 

8.51

 

CLOSED – Take Remaining Profit at 8.79

4

SIAL

Singapore Airlines Ltd

 

 

 

 

Waiting for signal

5

STEL

Singapore Telecommunications

3.41

3.24

3.38

3.58

CLOSED – Take Remaining Profit at 3.47

6

FRNM

Fraser & Neave Ltd

4.14

4.08

4.97

4.20

CLOSED – Cut Loss at 4.11

Stock Prices last updated at 10:09 (Singapore Time)

 

NOTE:

Most Likely We Won’t Have Any New Trades Open For the Rest Of The Day. 

Please take the time to rest. As we mentioned in yesterday’s closing, the next rally could be on property stock. For the mean time, we will keep a lookout for City Development, Allgreen, Hongkong land, Keppel Land.

For others who are trading on their own, please be cautious when STI reaches near to 2600. It would be advisable to take partial or all profits or avoid entering new trades when STI approaching the resistance. This is to avoid possible sudden sell off at/near 2600. 

Enjoy your day ahead!!