Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Tuesday, July 31, 2012
Few Long Candidates
STI this morning had a big swing, it gapped down to as low as 2985 on opening, a 47 points drop from yesterday closing 3032. It then rebounded immediately to above 3000 within 5mins time. Such a fast swing is mainly due to month end settlement date window dressing. The big boys sure got a fat pocket by selling off then buying up. STI is trading at 3028 as at 1.37pm, 4 points down from yesterday's close.
STI is testing recent high of 3030, try to move higher. I have few long candidates below:
STX OSV:
Interra Res:
STI is testing recent high of 3030, try to move higher. I have few long candidates below:
STX OSV:
Interra Res:
Labels:
Long Candidates(Sg),
SG Mkt
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