Our Focus for Today is still on Mid Caps

Today’s market open in GREEN, however, it is unable to sustain the run and is going sideways now. Nonetheless, we have a good profit taking for Hyflux; others remain in open trades and pending orders as stated in our Quick Picks.

[New Pending Orders at 7 – 9; Priority in Sequence]

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 0.91

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

 0.375

0.48

Triggered – Current Price at 0.445

5

BEST

Best World International Ltd

0.365

0.32

0.41
6 HYFL Hyflux 2.74 2.56 2.92 PROFIT – CLOSED at 2.90
7 BANY Banyan Tree Holdings Ltd 0.795 0.695 0.715 0.895 Triggered – Current Price at 0.815
Look out for 0.91
8 EZHL Ezion Holdings 0.815 0.74 0.89
9 CSES CSE Global Ltd 0.82 0.77 0.81 0.87 Triggered – Current Price at 0.84
Watch out for Peak at 0.95
10 HONG Hong Fok Corp Ltd Just broke out high of 0.67, strong interest for this share today. Waiting for retracement..
11 SFLD Stamford Land Corp Ltd Keep in view
12 HSEN Hiap Seng Engineering Ltd         Waiting for retracement..
13 CNFG China Fishery Group Ltd Trading high of 1.24
14 TION Tiong Woon Corp Holding Ltd Broke yesterday’s high of 0.63

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

Attached Charts of HONG & SFLD:

GFC210809 Stamford land210809

Afternoon Highlights

Banyan Tree pending order has been triggered and is running pretty well. As Banyan Tree and Genting are more in the Hotel Sector, high chance that Genting will start to run soon too. Watch out for both shares!

We are waiting for Ezion to break out. And we have also identified a new potential stock Hiap Seng that broke out the high of 0.47. Currently we are waiting for retracement.  [Quick Pick 11 –14 show the potential stocks that we are keeping close tabs on].

In Summary,

Market manage to trade off low of 2532.33. Though the short term support (refer to STI 15Mins) is tested, recovery is quick to redeem it. It can been seen that despite market uncertainty, the Mid Cap Sector outshines Blue Chips.

STI weekly210809On weekly chart basis, current market is going through correction. Over the past few weeks, we see 3 white candles formed. This signifies a very strong bull trend. Thus, high chance that once the correction is finished, up trend will resume and break high of 2700.78. Till then, just watch out on the blue chips since they have impact on index points.

Meanwhile, we are leaving our open trades and pending trades over the weekend. Enjoy yourselves, have a good rest and see ya back on blog on Monday!

STI 15min210809