NoticeBoard

Here's daily updates on SGX Warriors...

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It hasn’t been a smooth sailing period for us. Indeed, we suffered from the uncertainties and have yet to fully recover from the drawdown.

Life is not a bed of roses. Everyone has barriers and obstacles, and indeed, the journey of investment is full of hurdles. Nonetheless, we take setbacks in our stride…

“Real optimism is aware of problems but recognizes solutions,; knows about difficulties but believes they can be overcome; see the negatives, but accentuates the positives; is exposed to the worst but expects the best; has reason to complain, but chooses to smile.” - Quoted from William Arthur Ward

28th August 2009

By sgxwarriors

Our Focus for Today is on Mid Caps – China Stocks

Morning Highlights

**New Support at 2630.81. If this support is not tested and broken; high chance for index to approach 2647.64 and break it…**

Hi Everyone,

For all the pending orders that you see in Quick Picks, though they may repeat for days, please do take note of the entry and stop loss pricing as we may alter them accordingly based on daily performance.

Next, we have removed Best World from the pending list due to liquidity issue.

For those who have not entered position for Yongnam, you may wish to avoid trading this stock if you are a short term trader. According to the chart, the biggest movement in one day is maximum at 0.05 (which is 10 spread) and same goes for DMX. Hence, these stocks are more suitable for long term investors.

Baker Technology and BreadTalk are moving rather sluggish.

Last but not least, among the Quick Picks, we are concentrating more on China Fish (15), Hong Fok (8), Rotary (17), CSE Global (18), CH Offshore (14), SATs Service (19) and Swissco (20).

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	BIOS	Biosensors International Group Ltd	0.615	0.56		0.67	Overnight – Current Price at 0.605
2	LIBH	Lian Beng Group Ltd	0.355	0.32		0.39
3	DMXT	DMX Technologies Group Ltd	0.34	0.305		0.375
4	YNAM	Yongnam Holdings Ltd	0.32	0.29		0.35	Overnight – Current Price at 0.31
5	CXLX	China XLX-Fertiliser Ltd	0.565	0.455	0.475	0.675	Triggered – Current Price at 0.575
6	HYFL	Hyflux	3.00	2.78		3.22
7	ARAM	ARA Asset Management Ltd	0.85	0.765		0.935
8	HONG	Hong Fok	0.73	0.68		0.78
9	~~AUSG~~	~~AusGroup Ltd~~	~~0.665~~	~~0.63~~	~~0.665~~	~~0.70~~	Took Half Profit at 0.715. CLOSED ALL at 0.71
10	YAZG	Yangzijiang Shipbuilding	1.04	0.93		1.15	Overnight – Current Price at 1.01
11	BATE	Baker Technology Ltd	0.34	0.315		0.365
12	ECSH	ECS Holdings Ltd	0.49	0.445		0.535	Overnight – Current Price at 0.535
13	SFLD	Stamford Land Corp Ltd	0.405	0.375		0.435
14	CHOF	CH Offshore	0.615	0.52		0.71
15	CNFG	China Fishery Group Ltd	1.4	1.29		1.51
16	SINW	Sinwa Ltd	0.345	0.31		0.38
17	ROTE	Rotary Engineering Ltd	1.29	1.19		1.39	Triggered – Current Price at 1.28
18	~~CSES~~	~~CSE Global Ltd~~	~~0.905~~	~~0.84~~		~~0.97~~	~~CANCELLED!~~
19	SIAT	Singapore Airport Terminal Services Ltd	2.73	2.50		2.96
20	SWIS	Swissco International Ltd	1.00	0.775		1.225

Stock Prices last updated at 17.15 (Singapore Time)

Afternoon Highlights

We have removed CSE from our pending list. The retracement is too huge which may drag the upward momentum. Hence, we will wait till a breakout at 0.9 and new setups are formed.

SPH closed at high of 2.68. We will lookout for trading range in the following week and setups to form.

The 3 major European markets are up by at least 1%. Stocks in Europe move up after updates from retailers and strong performance at the mining sector. On the other hand, Asia markets have mixed performances contributed by China weakness.

Reference to Dow Jones, we can see from the charts above that market did not make any new highs for the past 2 days. Nonetheless, judging at the strength, there is a high chance that the DJIA is going to break the resistance at 9653.95 tonight.

In Summary

STI went up by 12 points in the last 45mins of the trading session despite the traded volume is only 2.64billion today. Furthermore, the fact that 2630.81 is tested but not broken adds on to the possibility of a breakthrough at 2647.64 in the coming days or weeks. If it does break this resistance point, the next one is at 2700.78

Small rally upwards pushes index to close at 2643.90.