10th July 2009
Morning Highlights Our Focus for Today is on INDIVIDUAL STOCKS 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 WLIL Wilmar International Ltd 5.33 5.08 5.58 Yesterday’s standby position is still valid for today. The Stock is strong though Sector is weak. We’ll see how it performs from here. 2 ROTE Rotary Engineering Ltd This stock manages to trade above the resistance at 0.75. Hopefully it can stay above 0.75 and wait for setups 3 SIAT Singapore Airport Terminal Services Ltd 2.33 2.10 2.56 4 DBSM DBS Group Holdings Ltd 11.58 11.38 11.78 Side Notes: Updates on Mid-Term Short Trading given on 7th July 2009. [Holding Period should not go beyond 1-2 months] Bearish Stocks (Singapore): Symbol Name Entry SL TSL TP Remarks 1 HIPI Hi-P International Ltd 0.56 0.63 0.49 Triggered – current price at 0.565 2 BIOS Biosensors International Group Ltd 0.455 0.51 0.49 Triggered - current price at 0.465 3 EZRA Ezra Holdings Ltd 1.13 1.23 1.03 Triggered – current price at 1.20 4 IFAR Indofood Agri Resources Ltd 1.14 1.32 0.96 Triggered – current price at 1.10 5 SWBR Swiber Holdings Ltd 0.825 0.89 0.76 Triggered – current price at 0.775 6 COSC Cosco Corp Singapore Ltd 1.23 1.33 1.13 Afternoon Highlights The market is choppy today. As illustrated on the 15min Chart, the market is trading in a congested area. Based on the upper trend line, the market managed to break through but fail to hold on to 2314.62. On the lower trend line, the market broke down and is struggling to hold on to the low of 2304.89. Looking on the broad case, recent days look more like the market is doing a throwback from its drop. Once the throwback is finished, the downtrend may resume its strength. We are bearish in short term. Here the end of day STI chart for you reference:
0 Responses to 10th July 2009
Something to say?