12th August 2009
Our Focus for Today is on China Stocks and Industrial Related 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. [The Quick Picks referred herein contain overnight positions from Yesterday] Bullish Stocks (Singapore) Symbol Name Entry SL TSL TP Remarks 1 CHEL Chemoil Energy Ltd 0.51 0.455 0.565 USD Counter – Overnight, Current Price at 0.48 2 EZHL Ezion Holdins 0.76 0.695 0.825 LOSS - CLOSED at 0.715 3 IFAR Indofood Agri Resources Ltd 1.64 1.50 1.78 Overnight – Current Price at 1.78 4 SCMN Sembcorp Marine Ltd 3.42 3.22 3.62 Pending Order 5 WLIL Wilmar International Ltd 6.29 6.01 6.57 LOSS – CLOSED at 6.12 6 GENS Genting 0.885 0.805 0.85 0.92 Triggered – Current Price at 0.895 Stock Prices last updated at 18:15 (Singapore Time) In Summary Market Sell Off after 14:15 (Singapore Time). Support can be seen at 2565.96, to refer to chart below. Stocks are trading in a very cautious sentiment. We are waiting for hints from the FOMC 2 days meeting.
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