Singapore Stock Picks 2016

Singapore Stock Picks 2016

Singapore Stock Pick 2016.

Please view it as a reference and always apply it with timing ! Buy and Hold will not guarantee profit. If the price is to drop by 50%, no amount of dividends will help to cover the losses.

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Singapore Stock Picks 2015

The Stock Picks for 2015 was published in The Edge in Feb 2015. Although this is a much overdue posting, I felt that it is still good to document it for review when the year 2015 is over.

As at 9 Sep 15, 9 out of 10 recommended counters were in RED. The only 1 that’s positive is Sheng Siong Group.

As I have said in Jan 2014, ” Again, I need to caution on investing in these counters blindly or simply ‘buy and hold’. I have illustrated earlier that, if based solely on fundamentals, the probability of getting the counters correct is only 50-50. “

Market Comments (STI) for the Week of 3 Aug 15

STI has broken the strong support with a big gap down and high volume, closing at 3,202 on Friday 31 July 15. The sell down was really fast and furious although on that day, Hang Seng and Shen Zhen composite Index were fairly stable. It was revealed that the hugh sell down was led by Noble, which was given a warning by SGX. Looking at the volume and magnitude of the sell down, I would expect the down trend to continue for quite a while more and in view of the coming National Day week, it will be worsen when approaching the public holidays.

The next 2 support zones are in the regions of 3,160 – 3,130 and 3,060 – 3,030. We shall see how STI reacts near these regions before making any trading decisions. If you have taken profit / cut losses, do stay in the side line.

Market Comments (STI) – 30 July 15

STI has been suffering from macro economics factors. It has been in RED for the past straight 7 trading days. There is a strong support is at 3,230. I would expect there will be some reaction around that region and we shall see if the Index gets supported or the free fall continues. At the moment, the Index is having a down trend.

Market Comments (STI) For Week of 7 Oct 14

The support is simply fantastic. Do not short, when it is near support. For intraday trading, look for hourly signal to long when near support. Current candlestick pattern shows indecision. Traders can choose to stay on the sideline until clear signal appears. Wait for a few candles to appear as candles are still stuck along diagonal neckline (not drawn).

Last week’s comments for reference – (Written on 1 Oct 14)

“STI Index is currently making a long awaited downtrend. Support 1 is at 3,250 followed by Support 2 at 3,220. Candlestick pattern reveals the weakness of the Index and the turning down of MACD supports further downside. Traders to observe RSI break and market reaction at the 2 Support levels to detect reversal.

If the break of neckline (not drawn) of the double top formation is realised, then we are looking at medium term downtrend and reversal will not be so soon.”

完节

Market Comments (STI) For Week of 1 Oct 14

STI Index is currently making a long awaited downtrend. Support 1 is at 3,250 followed by Support 2 at 3,220. Candlestick pattern reveals the weakness of the Index and the turning down of MACD supports further downside. Traders to observe RSI break and market reaction at the 2 Support levels to detect reversal.

If the break of neckline (not drawn) of the double top formation is realised, then we are looking at medium term downtrend and reversal will not be so soon.

Market Comments (STI) For Week of 19 May 14

The STI has been resisted at the level of 3,260 for several times and the resistance continues to be a fairly strong one. Technically, STI is currently trading a rectangle pattern for the past 4 weeks with the top at 3,285 and bottom at 3,220. I would expect this this tight trading range to be broken soon. However, it is still hard to say whether it will break above 3,285 or remains in the trading range for a while longer.

As you can see, the signals from MACD and RSI are conflicting as the index is currently not in trend. Hence, it is always recommended to look at real market actions instead of indicators.

Given the imminent release of corporate results, it seems that there are more potential upsides for Index.