Our Focus for Today is on Property Sector
Morning Highlights
Singapore Stock Market is exhibiting weakness, retracing backwards at the present moment.
The global forecast for the Asian Stock Markets features a touch of upside, with strength among the commodity markets – oil, in particular – expected to support the regional bourses. Steel stocks are also expected to rise, although perceived weakness among the financials is forecast to limit the gains. (RTTNews)
On the other hand, Hong Kong’s main index pulls lower, despite initial gains in Shanghai, as heavyweights China Unicom and HSBC lead losses.
Wall Street closed notably higher on Tuesday, extending its gains for a third straight session on hopes of an economic revival. The Dow managed to breached previous resistance at 9437.71 which has now turned into a support.
A double bottom is seen on Dow’s Daily Chart and high chance for the Dow to test 9630.20
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 |
Arama |
0.605 |
0.575 |
0.635 |
Triggered – Current Price at now 0.585 | |
| 2 | TION | Tiong Woon Corp Holding Ltd | 0.83 | 0.80 | 0.86 | |
| 3 | RAFG | Raffles Medical Group Ltd | 1.33 | 1.22 | 1.44 | |
| 4 | EZRA | Ezra Holdings Ltd | 1.73 | 1.61 | 1.85 | Triggered – Current Price at 1.72 |
| 5 | SINO | Sinomem Technology Ltd | 0.685 | 0.63 | 0.74 | |
| 6 | CDLT | CDL Hospitality Trust | 1.45 | 1.33 | 1.57 | CANCELLED! |
| 7 | MRNG | MediaRing Ltd | 0.28 | 0.22 | 0.34 | To enter as Market Order |
| 8 | CATL | Capitaland | 3.89 | 3.81 | 3.97 | Traded high of 3.88 |
| 9 | CTDM | City Development | Traded high of 10.88. Lookout for setups | |||
| 10 | NOBG | Noble Group Ltd | Tested high of 2.28 | |||
| 11 | AGRN | Allgreen | Broke High of 1.27 |
Stock Prices last updated at 10.47 (Singapore Time)
