Long Candidate: ExcelPoint

Excelpoint is forming an ascending triangle pattern with resistance at 10.4c. More upside if breakout. Its weekly chart as below.

Valuetronic Dives

The multi-year nice uptrending stock Valuetronic ended its accumulation and up run this week and distribution started.
Support 1: 44.5c,
Support 2: 40c,
Support 3: 35c.

Weekly Wrap

For the week, All US three major indices hit new historical high, all three have had four weeks up in a row.
In Asia, STI closed almost flat, SSE and HSI retreated this week with 1.1% and 1.5% loss respectively.

HSI index closed below 25000 mark this week, it may pull back a bit as my forecast in previous weekly wrap, if it unable to hold above 25000 level (refer to below chart).

STI had sell-off in last two days in the week, squared off almost the entire weekly gain. It appears to me the two shooting star on its weekly charts are quite ugly(refer to below chart), indicate possible top selling pressure at above 3350, though STI uptrend is still intact so far. Watch out closely for 3300 as immediate support in coming week.

Indices monthly performance for Aug as blow. STI has been the worst performer in Aug. US mkt is still bullish.

Weekly Wrap

The major indices ended with "all green"for second week. DJI up the most with 2% gain, local index STI had least gain of 0.3% for the week.

HSI and SSE continue look good. HSI hit its remarkable six years high, close crossed 25000 level at 25112.23, first time in more than six years. Its mid to long time frame still very bullish though the index have run-up to "over bought" area now.

STI ended with 11 points gain for the week at 3325.5, I'm bullish on it with mid-long term target at 3450 level, as long the 3300 support hold.

Bottom Fishing Candidates

Weekly Wrap

It's an " all green" week, all major indices closed positive with gain from 2.6% to 0.7%.

HSI and SSE have been bullish for the past four weeks. Fueled by upbeat sentiment for the upcoming launch of Shanghai-Hongkong Connect(沪港通) in Oct. The A-H shares which trading on both markets are in focus, and the blue chips of large Stated-Owned Companies. It will be a milestone for Shanghai to open up its capital market to foreign retail investors. It's expected the HSI and SSE will be bullish towards end of the year.

We will be able to trade the Shanghai A shares at ketrade platform just like HK stocks when the Connect is expected to kick start on Oct 13.

 STI weekly chart looks bullish, it formed a reversal candle, after previous two-week retracement hit 3300 support. Next mid term target is 3450.

 HSI is just beneath its major 25000 level resistance. More upside if it broke above it.

STI Hovering Around 3300

STI is dipping below 3300 as I'm writing now. It has been hovering around 3300 for past four trading days. Market is relatively quiet and boring. No so much movement. Trade with caution though STI general uptrending is still intact.

Stay nimble and flow with the trend. Trade only uptrending stocks such as:
Innovalue
Valuetronic
Nam Cheong
Chip Eng Seng

Few Nice Uptrending Charts

Weekly Wrap

For the week, US three major indices recovered a bit after previous week bloody sell-off. The week-ended close had little change across all markets.
SSE and HSI had a pause after previous two-week surge up. I continue look bullish on Shanghai and Hongkong.
Whereas for STI, it gave back its previous three-week gain in one week heavy sell-off, the index lost 55.53points or 1.7% this week ended at 3288.89. Immediate support level at 3280-3260 area, the uptrend looks intact for now at its weekly chart below.

Hang Seng support 24000, resistance 25000. With bullish bias.

Valuetronic Rebounded

Bottom Fishing: Wilmar

Weekly Wrap

For the month of Jul, Asian(Ex-J) three major indices clearly outperform the US, Shanghai SSE gained the most with 7.5% up, while Hang Seng HSI gained 6.8%, STI gained 3.6% in the month.

Weekly performance review below, Shanghai and Hong kong leading the upside, whereas STI lost marginally with 0.2% loss.

STI uptrending is well intact, within its ascending channel. My immediate support level is at 3310, which is the prior resistance turn possible support, also its ascending channel support line.

HSI looks bullish and expected to move further upside in short to medium term. It has formed a potential ascending triangle, which is a bullish sign. Short term support 24000, resistance 25000.