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
posted by Market Wizards @ October 06, 2012
