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Friday, October 5, 2012

Weekly Wrap

STI had a strong move up today with 21.23 points gain to closed at 3107.87.  The resistance 3088 broken already. However, the move may be disaapointed as only very few STI component counters moved, ssuch as Jardin C&C. Most of the blue chips and non-index stocks haver yet moved. They may move in coming week.

I have below long candidates for coming week:
Plife
Yanlord
FrasersCT
Fraserscomm
Noble
PEC
UOB

5 comments:

Butter said...

Hi FJ, at what price would you long UOB?

SgTrader said...

UOB False breakout. it dropped back to the sideway range 19.56-19.78 now.

Butter said...

ok, so means can only long if it goes above 19.78?

thanks FJ

SgTrader said...

another "safer" way is to buy at support 1956

Butter said...

thanks FJ. appreciate your comment!