Two Breakout Play

Silverlake breakout

Weekly Wrap

For the week, major indies ended "All Green", Nasdaq up the most with 2.3% gain, SPX gained 1.2%.
STI CLOSED at one year high at 3278.02 for the week. More upside is expected.

STI In Consolidation

Weekly Wrap

For the week, the DJI and SPX hit new all time high but ended back within its sideway range, both formed spinning top candlestick which is a bit bearish. COMP in range trading as well. The three major indexes are still in uptrending.

In Asia, HSI had a big rebound with 3.9% up, hit its three-week high. SSE are hovering around bottom 2000 mark.
STI +10.46 to closed at 3262.59. The index had a big swing for the week: hit 3-week low and high, and closed at 3-week high. It's expected the index could move up further.

STI daily chart:

Nam Cheong: Slow and Steady

Charts for Bulls

STI Poised for Upside Move

Message from FB "SgTraderClub":

May 15 Thu, stockwatch
Overnight US mkt dropped. DJI-101.47, SPX-8.92, COMP flat.
Yesterday: HSI+230.39, SSE-2.82, STI+36.66 or 1.13% to 3259.09.
STI had big gap-up yesterday, index stocks bought up decisively. STI pull back to 3250-3260 support area, after it tested gap support in last two weeks. I think the index poised to go up further after recent consolidation.

Screener for bullish setup:
-----------------------------------
Bullish Reversal Candlestick:
CDL HTrust, 4R1G+bullish reversal +High Vol
Capitaland, 4R1G+bullish reversal +High Vol
Far East Htrust, 4R1G+bullish reversal +High Vol
Hongfok, 4R1G+bullish reversal
Wilmar, bullish reversal +High Vol
-----------------------------------
MACD 4R1G:
1st Res
Goodpack
HPL, offer price revised at 4.0
Hongfok
Jaya, 4R1G +High Vol
Osim, nice uptrending, under value stock
SPH REIT, 4R1G +High Vol, new high
SIngpost, 4R1G +High Vol,
SoilbuildbizReit,
Starhillglobal Reit
-----------------------------------------
High Vol:
HPH Trust
Super Group -28c to 2.95.
UOL

BYD (1211.HK) Hit Major Support level

Weekly Wrap

For the week, DJI and SPX holding near resistance level. Technology companies sell off led Nasdaq lost 52.03 points or 1.3%.

In Asia, STI in consolidation phase, stayed in between 3250-3260 support level. Bullish if it hold above this level, or otherwise 3219-3235 area is the immediate support.

HSI and SSE anther week of loss. HSI lost almost 400 points for the week. The weekly candle looks bearish. SSE was just hold above its key support level 2000, closed at 2011.13.

Wilmar at Support Level

CWT Breakout On High Volume

Singapore REITs Look Good

Continue to focus on REITs:

FortuneREITs HK
Frasers Cpt Tr
MapletreeComm
MapletreeInd
mapletreeLOg
Suntec

Weekly Wrap

For the week, US Three major Indexes rebounded, SPX and DJI both near their historical high again.

STI retraced but the it managed rebound back to 3250-3260 support area after spike down to low of 3222.77 intra-week. My immediate target for STI is 3340, if it can hold above 3250-3260 area.

Monthly Wrap: Apr Index Performance

April finally comes to the end. STI gained the most with 76.09 points or 2.4%, whereas Nasdaq was the worst performer with 84.43 or 2.0% down.

STI hit its 10-month high of 3284.7points, at its 3rd month consecutive up. The monthly candle appears very bullish, more upside if break above 3285, with next target at 3340. It appears to me on its daily chart the index may consolidate within current range or retrace for a while in coming week(s).