Morning Hightlights

The market open at 2293.32 and drop 13.45 points within the first 15min. At the present moment, it appears to be more bearish.

 

Australia is down by 1.24% and Nikkei is down by 1.48%. High chance for our market to go negative too.

 

Our Focus for Today is on Mid Cap 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

 

 

 

 

High volume traded during the early trading. It broke the resistance at 5.10 and went to a high of 5.13

2

YNLG

Yanlord Land Group Ltd

 

 

2.51

 

Overnight position

3

CTDM

City Development Ltd

 

 

 

 

To look out. It makes a high of 9.14 on 25/06/09 and is now trading lower. Might retest low of 8.30 made on 24/06/09

Bearish Stocks (Singapore):

 

Symbol

Name

Remarks

1

CTDM

City Development Ltd

To look out. It makes a high of 9.14 on 25/06/09 and is now trading lower. Might retest low of 8.30 made on 24/06/09

2

SGXL

Singapore Exchange Ltd

On a 15min Timeframe, SGX has been trading between 7.10 – 7.29. Since 15/06/09, 7.10 has been tested many times but always recovered.