Our Focus for Today is on Mid Caps

Dow Jones closed well on Friday with a 1.67% up. Please note that there might be a chance of over-reaction by STI due to US overnight good movement in today’s morning session.

Just a side note, we have not closed any of our open trades yet. But for those who have followed our blog closely would have notice that ECS and CSE have already hit our TP Level. Hence, for conservative traders, you should be really delighted with the results. Aggressive traders can choose to continue to hold the positions & trail the profit like we do, but do watch out for price changes.

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

GENS

Genting

0.92

0.845

 0.885

0.995

Overnight – Current Price at 0.95

2

ROTE

Rotary Engineering Ltd

1.2

1.06

1.34

 Triggered – Current Price at 1.24

3

BIOS

Biosensors International Group Ltd

0.615

0.56

0.67

4

ECSH

ECS Holdings Ltd

0.42

0.36

 0.375

0.48

PROFIT – CLOSED at 0.455

5

BEST

Best World International Ltd

0.365

0.32

0.41
6 BANY Banyan Tree Holdings Ltd 0.795 0.695 0.775 0.895 Took Half Profit at 0.915
Current Price at 0.93
7 EZHL Ezion Holdings 0.815 0.74 0.89 Triggered – Current Price at 0.905
8 CSES CSE Global Ltd 0.82 0.77 0.81 0.87

PROFIT – CLOSED at 0.86
9 HONG Hong Fok Corp Ltd Broke high of 0.67
10 SFLD Stamford Land Corp Ltd Keep in view
11 HSEN Hiap Seng Engineering Ltd         Broke high of 0.47
12 CNFG China Fishery Group Ltd Trading high of 1.24
13 TION Tiong Woon Corp Holding Ltd Broke high of 0.63
14 PNHG Pan Hong 0.63 0.57 0.69
15 HBEE Ho Bee Investment Ltd 1.36 1.25 1.47 Triggered – Current Price at 1.37
16 LIBH Lian Beng Group Ltd 0.355 0.32 0.39
17 STRL Straits Asia Resources Ltd 2.35 2.19 2.51  

Stock Prices last updated at 17:12 (Singapore Time)

Afternoon Highlights

We have officially took profit for 2 of our open trades. Please refer to Quick Pick 4 & 8.

Next, we have Swissco test high 0.67 and OCBC break high of 7.95. Though there is an entry opportunity for OCBC at 7.96, we advise not to proceed with the setup as both DBS and UOB are very sluggish which may affect OCBC overall’s performance.

In Summary,

The stocks are performing well today. Majority of our open trades are in good profit zone. We leave them overnight and shall continue to update the progress tomorrow.