Morning Highlights

Market is going to be choppy from now. We have yet to identify any good trade opportunities. Traders are advised to enter with small risk.

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 Last Week>

Bullish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks

1

STRL

Straits Asia Resources

2.26

2.04

2.48

LOSS – CLOSED at 2.20

2

KLAN

Keppel Land Ltd

2.76

2.62

2.90

LOSS – CLOSED at 2.68

Stock Prices last updated at 14:28 (Singapore Time)

With Reference to the STI Chart below:

STI 15min170809The Reversal Island Pattern indicates a short term bearish sign on the stock market. Once again, we advise all traders to stay out of the market and/or to close all existing long positions.


Afternoon Highlights

   to lookout for support at 2542.34!

Asian stock markets were lower on Monday, weighed by losses on Wall Street and weak U.S. consumer sentiment data released on last Friday.

Though the market is weak, there are some trades worth taking a closer look, such as ASL Marine (see chart below)

ASL_daily170809This counter has been trading sideway for 7 days before breaking out today with high volume traded. We advise to wait for the stock to consolidate first & then enter on the breakout.