Morning Highlights
We Have Closed All Mid-Term Positions…
STI opened flat at 3023.09. Market is directionless at the moment, and we advise to stay on the sideline.
Watch Out For Economic News Release Today:
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U.S. Durable Goods Order (Feb)
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U.S. Initial Jobless Claims (Mar 19)
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.
Bearish Stocks (Singapore)
|
|
Name |
Entry |
SL |
TSL |
TP |
Remarks |
|
| 1 | OCBC | Oversea-Chinese Banking Corp | 8.99 | 9.18 | 8.80 | ||
| 2 | FRNM | Fraser & Neave | 5.24 | 5.63 | 4.85 |
Our Mid Terms Holdings : Bullish Stocks (Singapore)
|
|
Symbol |
Name |
Entry |
SL |
TSL |
TP |
Remarks |
| 1 | KPLD | Keppel Land | 4.19 | 3.95 | PROFIT- CLOSED at 4.34 (Entered 12.10.10) | ||
| 2 | IFAR | Indofood Agri Resources | 2.70 | 2.23 | LOSS – CLOSED at 2.26 (Entered 25.10.10) | ||
| 3 | STRL | Straits Asia Resources | 2.68 | 2.17 | LOSS – CLOSED at 2.51 (Entered 30.11.10) |
||
| 4 | SCMN | Sembcorp Marine | 5.19 | 4.49 | PROFIT- CLOSED at 5.68 (Entered 29.12.10) |
Stock Prices last updated at 15:35(Singapore Time)
Afternoon Highlights
Index rose higher but session remains seesaw…
- Long Term Chart – turning
- Short Term Chart – show recovery from last week selldown, but volume traded is very light, hence, this might be just a throwback
News Updates:
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Moody’s Investor Service said that expansion plans of S-Reits into China poses a number of business risks, particularly because of legal and regulatory environment.
