Stocks Picks

Note that most of my recent picks are stocks that has been hammered, low risk but with great potential of breakout for mid to long term

For Swing Trade. Focus on Ezra, Yanlord

Starhill

Fraser is trading below the support lowest green line. Expect it to form a low at 0.5 region. Bear line (Blue must take it down) before any rally. Note many stocks has similar formation. However, some of the stocks has taken down the great bear line. Ex NOL. would others stocks follow or does it indicates major stocks are forming bottom for another Tiger Year rally?

Fraser Comm Flagged

One road down for consencutive 4 months has formed a solid flag for frasers. Is not easy to identify potential breakout untill it breakout from the flag.. (Breakout from flag has to be with good volume and price spike to be significant). No harm to keep an eyes to be vested to long term (6-12 months)

Potential Breakout

Raffles Education: Look at the big picture. Wat is happening is the the price is trying to take down the great bear line (Blue). Recent prices stick closely to the bear line but didn't really break down indicates the potential of resistance turn into support. (Although) many has the view on this as useless stock (having failed for few times trying to breakown, that is only if you look at 1-3 months trend). Having said that this is a long term investment. 6-12 months. Low risk at current price.

China Milk. Similar case to RE.

Cherry Pick

Raffles: Monitor closely if major support hold. Potential rebounce from this point

NOL: Monitor closely. Could be lower low

Cosco: Potential rebounce to make higher high. Watch up closely

Milk: Doesn't look bright

China Milk

Pick of the Week

Before hand, lets review hows the performance of last call. 6 picks

- Raffles Edu - Up from TA turning point

- Tat Hong - Stagnant yet to rally. Personally i think this will take sometimes but risk is low

- Starhub - rebounce from TA line. Good

- StraistAsia - rebounce from TA line

- CapitaRchina - rebounce from TA line. However, the momentum is weak

Seeing, all index close to its peak, trade with care with super low volume rally. Two chart for following weak were mainly selectly considering its low risk.. personally i like China Milk most... Good position for rebounce. Fraser comm just keep in view. Good luck.

Challenging Week Ahead

Watch:
Dow >10055 (bull); <9890 (Bear)
STI >2690 (bull); <2657 (Bear)
Among stock pick last week, look closely at NOL. I see good upside potential from current level.

Picks of Month

Potential Bargain in the loop

RE

Too Early to bottom.. 0.42 target to bottom. Unless break out from triagle which i suspect low possibility

NOL

1.5 Region

SARS

Capitacomm

Yanlord

Almost bottoming but not yet? Come into radar

Major Indexes

Focus 26th Oct

Ascendasreit is almost bottoming.. CD 2nd Nov. 1.78 region. Don't be suprise if further hammer down to 1.75 before rebounce

Starhub.. Dividend Nov 1.88-1.9 region. Safe to keep long

Ascendasreit

Keep an eye on this stock. CD 2nd Nov.. Will push down further slightly these fewdays and ramp up before CD

Note capitamall has rallied since recent call. This one my old time favorite property stock play. Always laggard

Starhub

Wee Hur

UTDenvironment and Capitamall has rally quite handsomely. Hope everyone has benefit from there. More to go for UTD. Next look closely at Wee Hur.. which has been hammered too badly after right.. maybe is time soon to ride on it again? if you have small stomach, don't worry, starhub a public identified as low potential stock will slowly craw again. Consolidation at 1.98-2.0

. At current market sentiment, play small while observed. STI will consolidate for some time at 2.7-2.74 region after decisively take down 2.7k. If ever 2.74k is taken down, sti will swing violently. Thats where who took risk to vest during low volume these days will only benefit

Summary

STI: Previous anticipation of 2.7k bullishness has achieved. Dow 10k has achieved. Immediate resistance of sti 2.74k which is current level where sti retraced volatily shows potential toppish. Infact many component has toppish. If one has to call market bearish i would says now is almost the time. I strongly believe in volume. Look carefully of recent trade volume, majority counters make potential lower high at thin volume. That is to say manipulated to trap traders

Allgreen: Has toppish since previous buy call
Tat Hong: Has toppish since previous buy call
NOL: Too early buy call entry. Marginal profit. Toppish

In Focus:
UTD Env, Capitamall

Capitamall

Wednesday STI has pre anticipated Dow Hitting 10k. Today upside is resisted. Pick up this gem if you haven't pick up any.. Capmall always laggard

UTD Environment

Lookup for the volume.. If the handsome volume come back.. don't miss it

Tat Hong

All Green has break out from down trend. Will continue its uptrend but do not expect to make higher high. Thus get ready stop to lock in profit. Expecting sti to pull back a bit tomorrow if dow ended flat or so. Pull back, seen as temporary opportunity to load All Green and Tat Hong. Technical rebound today shows interest in Tat Hong. Cap within down trend awaiting to break out if any. Just monitor closely on the narrowing up and down trend.. See which Mr TAT heading.. Good luck

All Green

Now is time to load All Green. 1.06-1.08 region. Red line support broke then has to be careful.

STI

With the narrowing window for STI watch up the support 2633 region.. If broken thats it... If support will see 2700 tested soon and break through potential

Dow

Dow will show hand supported by 9610 region. If supported expect it to hover around that region for a week to gather its bullishness again

All Green + NOL

2 Gems to recommend

All Green

Looking to bottom anyting below 1.1

Olam Cheong Arr!!!

STI overview

18 months of bear has been over. Over the period, many gurus has called for bottom but it actually found only after an unpredicatable hugh plunge.. I strongly believe we are in new bull market.. (Opss, you might says eveybody knows about that haha).. but i don't just believe what people says.. the conclusion drawn after some effort/study on 10 year STI historical data.. A longer bull typically is way longer than bear. That is to says current 6 months rally is nothing, we are in a longer than 18 months bull?? Long term definately yes. Current consolidationg is heading for another huge bull rally? My take yes.. The longer it takes the stronger the resistance will turn into support in later formation. You can see the consolidation coincide will some level of STI movement level plus fibo level? Not shown in the chart. LivingStones trading styles: it doesn't matter if we could predict the market direction. It matter what we have been reacted to the market direction. Why don't sit tight with the bull else we will just buy at higher price again...

Olam

Should not fret too much if the index takes time to finally clear the initial resistance around 2700 as it will turn this psychological number into strong support. Don't load or buy if you don't like how SGX is reacting now..

China XLX , All Green can be in focus... Loaded Olam looking for more upside.

Cosco

Trade with care as STI haven't break triple top.. Cosco looks attractive with good potential to break up triangle is STI stagnant or cheong..

STI Triple Top (Triangle Formed)

Previous Call on yanlord, those who hold should have handsome rewards ~10%. Expecting another 10% run up

Indo agri also confirm with super long white candle. Any retracement will be an opportunity to load.

RE seems to be weaken. To shake off weak players? Strong resistance at 0.56

However, today run up is mainly commodity play. One gem to note is Straits Asia Awaken? Long white candle. Not vested yet. Why? Look at STI.

STI formed triple top and triangle. Will it break up or down? Thus tomorrow should tell. Although with current sentiment likelihood or going up further to break the tripe top. I rather wait for confirmation. If it happens, i will pick up SARs to long.

Indoagri

Indo Agri..

Study the price movement, u will find the consolidation, through, peak or turning point occur at few critical levels. And each level there is a step function of price ~0.23.

Example: 1.03 to 1.26, 1.26 to 1.49 and so and so forth.. Good entry point if down trend channel break out ~1.64 and above..

Raffles Education

Chart says everything!!