Morning Highlights
Singapore Stock Market continue tracking to the upside by gapping up and opened at 2699.12 when it kicks off trade this morning. In fact, Asian share markets moved higher today, lifted by solid gains on Wall Street, with resource and energy stocks getting a boost from strength in metals and crude oil prices. Most of the major indexes are reaching their best levels since last fall’s financial panic.
Please note that our pending order for Peoples Food has triggered. However, since the breakout is done with light volume, we exited the market immediately at 0.835 in prevention of a false breakout. We will wait for new setups to form and there is a resistance seen at 0.855.
Conservative Traders should have taken profit for Marco Polo yesterday. Aggressive traders can choose to continue to ride the trend, like we did. We will wait for a pause to decide on the exit price. Currently our trailing stop loss has moved to 0.475.
News Updates:
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U.S. stocks hit session highs after home-builder-sentiment data
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 | STTS | Stats ChipPAC | 0.97 | 0.915 | 1.03 | ||
| 2 | BENK | Beng Kuan Marine | 0.365 | 0.31 | 0.42 | ||
| 3 | CACT | CapitaCommercial Trust | 1.04 | 0.965 | 1.12 | Not Entered! | |
| 4 | HKLD | Hong Kong Land | 4.27 | 4.05 | 4.49 | ||
| 5 | PPFH | Peoples Food Holdings Ltd | 0.83 | 0.745 | 0.915 | Profit – CLOSED at 0.835 | |
| 6 | AEMN | Ascott REIT | 0.985 | 0.92 | 1.05 | CANCELLED | |
| 7 | CHEL | Chemoil Energy Ltd | 0.58 | 0.5 | 0.515 | 0.66 | Overnight – Current Price at 0.555 |
| 8 | HBEE | Ho Bee Investment | 1.6 | 1.34 | 1.86 | ||
| 9 | OCGL | Oceanus Group Ltd | 0.395 | 0.355 | 0.435 | ||
| 10 | KPLM | Keppel Corp Ltd | 8.28 | 7.98 | 8.12 | 8.58 |
Overnight, Current Price at 8.4 |
| 11 | FCL | Frasers Centrepoint | 1.23 | 1.14 | 1.32 | ||
| 12 | MCPP | Marco Polo | 0.465 | 0.425 | 0.475 | 0.505 | Overnight –Current Price at 0.52 |
| 13 | HSEN | Hiap Seng Engineering | 0.7 | 0.64 | 0.76 | ||
| 14 | CMLT | CapitaMall Trust | 1.77 | 1.69 | 1.85 | Profit – Closed at TP |
|
| 15 | GUCL | GuocoLeisure Ltd | broke high at 0.545, wait for setups | ||||
| 16 | DMXT | DMX Technologies Group Ltd | 0.525 | 0.45 | 0.60 | ||
| 17 | SITT | Sinotel Technologies Ltd | 0.725 | 0.66 | 0.79 | ||
| 18 | IDT | IDT Corporation | 0.525 | 0.48 | 0.57 | ||
| 19 | SINW | Sinwa Ltd | 0.495 | 0.44 | 0.55 | ||
| 20 | OKPH | OKP Holdings Ltd | 0.80 | 0.72 | 0.88 | ||
| 21 | DESS | Design Studio | 0.595 | 0.525 | 0.665 |
Stock Prices last updated at 12.32 (Singapore Time)
