Our Focus for Today is still on Mid Caps

After yesterday’s whipsaw, the market starts to show some early signs of upward trending in the morning session.

We spot a new trade opportunity with Hyflux, but do enter with small risk if you intend to go forth with us on this.

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

GENS

Genting

0.92

0.845

0.995

Triggered – Current Price at 0.905

2

ROTE

Rotary Engineering Ltd

1.2

1.06

1.34

3

BIOS

Biosensors International Group Ltd

0.615

0.56

0.67

4

ECSH

ECS Holdings Ltd

0.42

0.36

0.48

Triggered – Current Price at 0.415

5

BEST

Best World International Ltd

0.365

0.32

0.41
6 HYFL Hyflux 2.74 2.56 2.92 small risk

Stock Prices last updated at 17:19 (Singapore Time)

In Summary,

Index manage to recover some losses. Blue chips are still lagging; hence, our emphasis is still on Mid Cap Stocks.

Refer to our STI Chart to find out where are the supports & resistances:

STI 15min200809