STI Rebounded Strongly

(From FB Group)

Jul 12 Fri, stock watch

US closed another 169 pts higher last night. HSI and Shanghai rebounded strongly yesterday. Bulls are in charge now.

STI added 60points yesterday to close at 3248 yesterday. The 3 banks was bought up heavily. There are other good news from the US and China that pushed the move, but from TA perspective, when STI closed above Year-End-Close(YEC) 3067, the funds are "pressured" to buy in, otherwise they will be underperform the index.( the opposite if STI below YEC). The more the they buy, the higher index will go, until they feel it's "enough". How to know when they are "enough"? Look at the candles, and the possible Resistance level.

STI 50% fib level at 3265 and 61.8%@ 3312 for the whole move from high to low recent two months. Do watch the 50% level.

Dukang Breakout 52c, More Upside

After it hit high of 65c on Jun 7, Dukang has been in retracement mode since then, from 65c dropped to low of 45.5c on Jun 25. It then rebounded and consolidating in a tight range with 52 as resistance, it just breakout with high volume today, currently trading at 53c, indicating the end of its retracement and uptrend maybe resume.

Temasek Investment Portfolio

Temasek top 3 single company investment:

Singtel

China Construction Bank (CCB)

Standard Chartered

China Minsheng Bank

Hong Kong Banks and Gaming Stocks

I see value in Chinese banks as Shanghai index dropped to its new low since 2009, and Hang Seng dropped to its near 20000 level. Chinese banks dropped quite a lot due to recent cash squeeze. Good time to buy if SSE below 2000.

Below are some major banks H share and gaming stocks in HK market.

Weekly Wrap

For the week, all the indices rebounded after last month bloody drop. Nasdaq($COMP) gained the most at 2.2%, while HSI rebounded the least with 0.2% up. Note that SSE closed just above its 2000 level, and HSI holding just above its 20000 level. Looks market is not that bad, may continue rebound in coming week.


STI closed at3169, just above last year close 3167 level. Resistance is at 3230 and 3264.

Long Candidates

From FB Group:

 

Jul 2 Tue, stockwatch

US up 65 points last night. HK closed for holiday yesterday and will open today.

STI lost 9points yesterday. 3163 level is last week high, also its 20ma. bullish if mkt can cross above this level, otherwise downside move will continue.
...
Bullish stocks to watch:
Dukang
THBEV
Sinarmas
Sinograndness
Wing tai
GLP
cordlife
SGX
genting Sp

Gaming Stocks in Singapore and Macau

Below table is the performance of gaming stocks in Singapore and Macau.