No Sector In Focus But Property Stocks Are Holding Well…
Morning Highlights
STI went up higher at the start of the morning trading session and retraced backwards to 2,679.75… Currently going through sideway consolidations, sustaining above support range between 2667.82 – 2676.54
While waiting for the market to clear, the focus for now is on individual stocks within the Oil & Gas, REIT and Property Sector. However, shares might enter consolidation too, though mid term trend is up…
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Keppel Corp is performing well
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HL Asia break high of 1.78 – to wait for setups
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HongKong Land broke high of 4.20 – to wait for setups
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People Food broke high of 0.785 in yesterday’s trading – to wait for setups but beware of the resistance at 0.855
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Guocoland is approaching the resistance at 2.40 – to wait for setups
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NOTICE: We have not entered the order for CapitaCommercial Trust though there is a breakout, but will buy at 1.03 if only the price is well traded and holding. We have CLOSED the short term position for Venture as the liquidity is bad for today. However, Venture has the potential to run higher as long term investment. |
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 |
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|
1 |
Arama |
0.605 |
0.575 |
0.635 |
Triggered – Current Price at now 0.585 | ||
| 2 | EZRA | Ezra Holdings Ltd | 1.73 | 1.61 | 1.76 | 1.85 | PROFIT – CLOSED at 1.85 |
| 3 | MRNG | MediaRing Ltd | 0.28 | 0.22 | 0.34 | To enter as Market Order | |
| 4 | CATL | Capitaland | 3.89 | 3.81 | 3.97 | Traded high of 3.88 | |
| 5 | CTDM | City Development | Traded high of 10.88. Lookout for setups | ||||
| 6 | NOBG | Noble Group Ltd | Tested high of 2.28 | ||||
| 7 | AGRN | Allgreen | Broke High of 1.27 | ||||
| 8 | Cosmosteel | 0.51 | 0.465 | 0.556 | Triggered – Current Price at 0.49 | ||
| 9 | VENM | Venture Corp Ltd | 9.21 | 9.04 | 9.30 | 9.38 | PROFIT – CLOSED at 9.32 |
| 10 | CACT | CapitaCommercial Trust | 1.03 | 0.96 | 1.10 | ||
| 11 | SCGO | SC Global Development Ltd | 1.78 | 1.66 | 1.9 | Watch Out… price not to fall below 1.67 | |
| 12 | HYFL | Hyflux | 3.07 | 2.95 | 3.19 | ||
| 13 | MONE | MobileOne Board | 1.86 | 1.8 | 1.92 | ||
| 14 | WTHS | Wing Tai Holdings Ltd |
broke high of 1.88. Wait for setups |
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| 15 | ARAM | ARA Asset Management Ltd | broke high of 0.845. Wait for setups |
Stock Prices last updated at 11.50 (Singapore Time)
