Our Focus for Today is on Property Sector

Morning Highlights

Singapore Stock Market is trading sharply higher today. STI has broke through the resistance at 2667.82 and we are expecting the index to approach the 2700 point soon.

“NEW PICKS FROM 10 – 14”

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

 

Arama

0.605

0.575

0.635

 Triggered – Current Price at now 0.58
2 RAFG Raffles Medical Group Ltd 1.33 1.22 1.44 CANCELLED!
3 EZRA Ezra Holdings Ltd 1.73 1.61 1.76 1.85 Triggered – Current Price at 1.83
<Lookout resistance at 2.06>
4 MRNG MediaRing Ltd 0.28 0.22 0.34 To enter as Market Order
5 CATL Capitaland 3.89 3.81 3.97 Traded high of 3.88
6 CTDM City Development Traded high of 10.88. Lookout for setups
7 NOBG Noble Group Ltd Tested high of 2.28
8 AGRN Allgreen Broke High of 1.27
9 Cosmosteel 0.51 0.465 0.556 Triggered – Current Price at 0.495
10 VENM Venture Corp Ltd 9.21 9.04 9.30 9.38 Triggered, Current Price at 9.39
<Lookout resistance at 10.20>
11 CACT CapitaCommercial Trust 1.02 0.96 1.08
12 SCGO SC Global Development Ltd 1.78 1.66 1.9 Watch Out… price not to fall below 1.67
13 HYFL Hyflux 3.07 2.95 3.19
14 MONE MobileOne Board 1.86 1.8 1.92  
15 WTHS Wing Tai Holdings Ltd        

broke high of 1.88. Wait for setups
16 ARAM ARA Asset Management Ltd broke high of 0.845. Wait for setups

Stock Prices last updated at 15.25 (Singapore Time)

Afternoon Highlights

STI is trading 2700 with support between 2667.82 - 2676.54..

Venture has climbed up high after the break. For conservative traders, you could have made a nice profit when you closed your position at 9.38. For aggressive traders, you may choose to take half profit and trail your stop loss accordingly. We have moved our TSL to 9.30 and do lookout for resistance at 10.20

In Summary,

STI was holding well above the 2700point today bodes well for short and mid term strength. It closed off early highs with 31.54points at 2682.02, largely brought about by property stocks and technology shares.

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Venture’s fast movement for today could be aided due to positive updates on technology sectors running over at the European Markets (refer to latest news)

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Quote of the Day

“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” – Warren Buffett