SgTraderClub Weekly Stocks Updates: Market Set to Open Higher

Monday, November 14, 2011

Market Set to Open Higher

Since STI did break-out its head and shoulder pattern first time on 27th Oct, it has been effectively trapping in between 2780-2900, where 2780 (the neckline) has been working well as support. It closed at 2790 last Friday, the the Dow recovering 260 points, we are due for rotation upwards now.

Long candidates:
Kepcorp
Sembcorp/marine
DBS
Capitaland
GLP

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