Weekly market analysis by Fan Jun-- covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Tuesday, May 29, 2012
STI Bounced
4.33pm, STI +21 at 2808 now. It crossed above 2790 weekly pivot level, which indicate bullish movement. On STI 60mins chart, it also crossed 20 and 50ma today, which its first time since the sharp drop. Market may get a lift from here.
I focus on blue chips for a quick bounce first.
Kepcorp
Sembmar
Sembcorp
SIA Engg
Capitaland
Biosensor
Capitland
Venture.
Labels:
Index,
Long Candidates(Sg)
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