CapmallAsia

CapmallAsia-long
Entry: 2.0-2.04
Target: 2.23
SP: 1.94

CMA has formed a double bottom formation with neckline at 2.0, it recently(5 weeks) has been in consolidation within 2.1-2.0, I'm bullish as long it stay above 2.0, with target at 2.23. The risk reward is at 3.8:1.

Weekly Wrap

For the week, Hang Seng HSI rose the most with 2.9% up. Shanghai SSE also very bullish, with 2.8% gain this week.

The three major US indices all hit new high this week, the Dow has had 7 weeks green in a row.
The one and the only disappointing index was STI. A rather quiet boring week for STI. Again. Market is playing " Buy on China, forget about Singapore". No any signs of funds flowing into Singapore market. Are we really hurt by the three companies(i.e. Blumont, Asiasons and LionGold)??

STI closed at 3172.85 with 28.42 points or 0.9% negative for the week. Anyway, I'm cautiously bullish for STI, the support level 3167-3190 was held, still.  For the upside, immediate resistance is 3218 level.

Best Job in Town

M1

M1 hit its 200ma at 3.15 yesterday and its major ascending trend line support yesterday, after a sharp fall from high of 3.4. A technical rebound is expected, at least.

SATS

SATS- Long
Entry-3.05-2.98
Target- 3.18
Stop loss-2.92

SATS dropped 10c after its XD yesterday gave 5c dividend. It's now at its major long term uptrend support, it's expected a great hunting opportunity if this support level can not be hold and it continue fell to 3.05-2.98 area.

Uptrending Stocks

Singapore uptrending stocks under my radar. The stocks are active and have more upside potential.

CSE
FirstRes
GLP
GoldenAgri
IndoAgri
M1
Overseas Edu
SATs
Wilmar
YZJ

Commodities sector has been very bullish for the week, as in "Bold" in above list.

Weekly Wrap

For the week, the three major US stocks indexes continue its all-time high climbing. Nasdaq added 1.7% at 3986, S&P 500 added 1.6% at 1798, less than 2 points to 1800; Dow added 1.3% at 15961 points.

Asian major indexes also turned to green this week with Shanghai added 1.4% at 2135, Hangseng added 1.3% at 23032, and Straits times Index added 0.8% at 3201.

STI finally turned to a green week, after three consecutive weeks red, it reclaimed 3200 level to close at 3201.27, I'm cautiously bullish on the index, major resistance is 3265 and the support still at 3167-3190 area.

Long Candidates

Daily stock picks from facebook group "Trader kakis Group":

ST Engg
Wilmar
Ezra
Boustead
SATS