Morning Highlights

Hi Everyone,

Market is now in consolidation. Here’s a short update to kick start the day.

 

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

DBSM

DBS Group Holdings Ltd

 

 

 

 

 

2

UOBH

United Overseas Bank Ltd

 

 

 

 

 

3

VENM

Venture Corp Ltd

8.31

8.11

 

8.51

Triggered – Current Price at 8.33

Volume starts to pick up at 10:30. The stock is making higher lows; hence, selling pressure is now replaced by buying interest. Good sign for normal risk trade.

 

4

STEL

SingaporeTelecommunications

 

 

 

 

Breakout at 3.32

5

STEG

Singapore Technologies Engineering

 

 

 

 

Waiting for Setup

6

WLIL

Wilmar International Ltd

 

 

 

 

Breakout at 5.62, however, there is an overhead resistance at 5.71, so no position for this stock at the moment.

Stock Prices last updated at 15:00 (Singapore Time)

 

There is a strong support at 2446.45. 

 

UOB is the top pick among the 3 banks. This stock has been trading within the range of 15.40-15.76. Higher lows can be seen forming. Do lookout when price approaches near 15.76.