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Sector In Play - F&B and Property
The Straits Times Index is currently bearish. Despite bearish market, there are sectors which outperformed the market. Currently, Food & Beverage ( F&B ) and Property Sectors are in play.
For F&B, take a look at :
Y03 Yeo HS ( rallied from 2.28 to 5.39 in 5 days )
K03 KhongGuan,
A23 Auric,
Q01 QAF,
P05 PFood… all have long candles today.
For property, take a look at :
O10 Far East Orchard,
S05 Sim Lian,
H18 HoGGen,
E5P HrGlass…etc. All these have presence of fund.
Most of the above have skyrocketed and too far to chase. Let's now look at one which still have not run up too far yet - Super Group :
PS: KepT&T is very near to the price objective. Today closed at $1.425
Labels: Market Direction, Stock Pick
Dow Jones Hits Support
The Dow Jones Industrial Average ( DJIA ) has arrived at a key support confluence by two trendlines. If the support is able to hold, prices should bounce up again. Otherwise, we may look toward 12,980 as the downside target :
Despite weak market sentiment for STI the past few days :
ChinaMinZhong = $ 0.85 high ( today )
Fraser Comm Trust = $ 0.19 high ( last two days )
KepT&T = $ 1.41 high ( last two days )
Labels: Market Direction
Bull Trap
The STI gaped down and broke the uptrend line reversing the bullish outlook it has falsely painted on last Friday after it has breached the resistance at 3,090. This is a difficult market. There was a bull trap at work. At Point A, I would thought that the market will break the uptrend line but it didn't. It went up to break the resistance at 3,090 instead ( Point B ) giving a false bullish picture. It finally breaks the uptrend line at Point C and turned bearish.
Labels: Market Direction
KepT&T and Fraser Commercial Trust
The Market:
The Straits Times Index breakout decisively from the resistance at 3,090. This is a sign of strength. Next resistance 3,200. The market is near overbought so it is quite possible to see some profit taking before continuing the journey toward the next resistance.
KepT&T
This counter has pretty low liquidity and therefore not a popular stock to traders. A flag is spotted with potential upside closed to $1.48 from Friday's closing of $1.36. There is presence of fund in this counter.
Fraser Commercial Trust
The chart below speaks for itself on the type of pattern this counter is going through..... There is presence of fund in this counter.
Labels: Market Direction, Stock Pick
STI - Short Term Bullish
Top Chart - "Strong Trend Signal Indicator"
Red candle = Buy signal
Dark blue candle = Riding the bull trend ( hold on to the positions on hand )
Yellow candle = Sell signal
Light blue candle = Staying out of the market
As seen, a red candle has surfaced from the STI today giving a fresh buy signal
Bottom Chart - "Trend Expert Indicator"
Purple color line = mid-term bullish trend
Green candles = short-term bearish
Red candles = short-term bullish
As seen, the trend line is purple color ( mid-term bullish ) and the candle has just turned red ( short term bullish ).
Note: The candles in the bottom chart are called "Dow Candles". They are modified from the ordinary candlesticks.
Labels: Market Direction
Presence of Funds
There are many ways to scan for stocks to invest. For example, based on fresh buy signal or based on bullish trend. The list below is based on the presence of funds :
528--2ndChance
547--Nobel Des
561--Teckwah
594--LOYZ ENERGY LTD
5CP--Silverlake
5CQ--TechOil&Gas
5DO--Apex-Pal
5DP--Heeton
5EN--MIDAS
5ET--Asiasons
5FQ--Select
5GI--Interra Res
5GJ--AusGroup
5ME--EzionHldg
5RK--KREUZ HOLDINGS LIMITED
5SC--OXLEY HOLDINGS LIMITED
A23--AURIC
A30--Aspial
AJ1--SAKARI RES LTD
C13--CH Offshore
D1R--ARA
D2S--SCGlobal
E5P--HrGlass
F1E--LKH
G18--GRP
G50--GrandBanks
GJ8--Dukang Distillers Holdings Ltd
H13--Ho Bee
H18--HoGCen
H49--Pan Pacific
I98-- ISHARES-INDIA IX
K29--Karin
K2N--CHINA MINZHONG FOOD CORP LTD
L17--LionTeckC
LG8--DBXT MSCI INDIA TRN ETF 10
LJ3--OUE
N01--NeraTel
N2E--DBXT MSCI PHILIPPINES ETF 10
P05--PFood
P29--Popular
PA3--TA CORPORATION LTD
S30--Sp Land
S48--Superbowl
S85--Straco
U09--UPP Holdings Ltd
V01--VICOM
W05--Wing Tai
Z59--Yoma
Out of the entire list, I particularly like :
Midas - watch for breakout at 0.45
Ezion Holding - watch for breakout at 1.40
Wing Tai
Yoma
Labels: Stock Pick
