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Had been monitoring Parkway since earlier post and finally triggered today at 2.84

Wishing all a Merry X'mas and a Prosperous 2010 ahead!

MetaStock CSI system scan for potential position trades showed a few counters which included F&N and Wing Tai. Conditions for entry for Long are green ribbon, blue bar and green arrow.

For F&N, trigger only at 4.17 with a stop loss at 4.1


For Wing Tai, trigger only at 1.87 with a stop loss at 1.75

Both Parkway and Noble were not triggered on Friday, so will continue monitoring it for swing trading.

Singtel is also another possible candidate as it bounced back up when nearing the 200SMA.

I'm now back from a short break and will be monitoring Parkway and Noble for possible swing trades as they have now pulled back to the buy zone (area around the 20 to 40 MA).

Potential trigger for Parkway would be 2.88 with a Stop at 2.77.


For Noble, potential trigger would be at 3.1 with a Stop at 3.01.

MetaStock CSI system scan for position trade shows buy signal for Keppel Corp. Trigger at 8.48 and Stop loss at 8.36.

MetaStock CSI system scan for position trade shows buy signal for Ezra. Also noticed the formation of an ascending triangle. Trigger at 2.12 and stop loss at 1.99.

MetaStock CSI system scan for position trades showed buy signal for SIA Engg. Trigger at 3.06 and stop loss at 2.91.

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Potential Opportunity trade if it gaps down on open and move back up past the low of today's low.

STI had climbed back above one of the recent uptrend lines (yellow line in above diagram) as well as closing just above the upper channel line shown in above diagram. Currently there seems to be more shorting opportunities in swing trades rather than long as it heads towards the psychological 2800.

Swing trade: NOL short triggered at 1.6. Stop loss at 1.63. Target 1.52.

Metastock Swing scan showed potential Short trade for Straits Asia. Trigger at 1.94 and stop loss at 2.

Potential swing trade: trigger at 4.14 and stop loss at 4.03. Another possibility is the STS opportunity trade.

Another couple of possible swing trades shown with Metastock's swing scan and the appearance of doji candlesticks.

Long for Olam: Possible morning doji star candlestick formation? Trigger at 2.65 with Stop loss at 2.57


Short for Comfortdelgro: Trigger at 1.53 and Stop loss at 1.59

Metastock scan showed potential Swing trades for the following:

Noble: Trigger at 2.63 and Stop loss at 2.5.

Finaone: Trigger at 0.58 and Stop loss at 0.505.

The problem here is that currently the reward to risk ratio is not too good for both stocks. So likely to wait and see.
However may attempt to trade Finaone based on the hourly chart.

Metastock Swing scan showed potential swing trade for Ascott Reit. Trigger at 1.07 and Stop loss at 1.01.

Sembmarine: Trigger 3.44, Stop 3.33

Capcom Trust: Trigger 1.10, Stop 1.03

Potential Swing trade for China Eratat as buy signal has appeared. Trigger is at 0.27 and stop loss at 0.245. Will it trigger tomorrow? Just have to wait and see.

Financial One entry was triggered today at 0.525. Looks like it may retest the 0.575 resistance again given the volume involved.

One of the potential Swing trades shown by the MetaStock swing scan is Financial One. There is a throw back to uptrend line after hitting the resistance of 0.575. Trigger at 0.535 and stop loss at 0.505.

MetaStock CSI System scan for position trade showed a buy signal for Advanced Holdings. Trigger is at 0.395 while Stop is at 0.335.

MetaStock CSI System scan for position trade showed buy signal for Lion Asiapac. Trigger at 0.38 and stop loss at 0.325. Conditions for entry are the occurrences of Green Ribbon, Blue Bar and Buy arrow.

United Envirotech triggered today at 0.39 with volume.
Position trade SGX as posted here yesterday was also triggered.

MetaStock CSI system scan indicated a buy signal (green arrow in the chart) for SGX. Entry trigger is at 8.6 and stop loss at 8.47. This is a potential position trade.

The Singapore STI broke and closed above 2700 today. If it continue to close above 2700 tomorrow, there will likely still be some uptrend momentum in the short term based on the yellow short term uptrend line shown in the chart.

MetaStock Swing scan showed potential swing trade for United Envirotech. Entry trigger at 0.4 and stop loss at 0.365.

STI after falling below short term uptrend line is now testing it again. Will it be be able to break above it this week? Maybe for tomorrow it will since US market was up last Friday. If it does, it may head to test the weekly 200SMA but it will likely face resistance at 2681 which is the Fibonacci 50% retracement of the 3906 to 1455 drop and then the psychological resistance of 2700.

Position Trading using MetaStock CSI system scan:
Another buy signal for Ezra - the 3rd over the last 7 days. Conditions for entry are the occurrences of Green Ribbon, Blue Bar and Buy arrow.

Top volumeTop gainers (%)
FTSE Fledglin

This has been a week where the penny stocks are the major movers. Chances are speculative plays are going on and this would mean caution is needed.

Position Trading using MetaStock CSI system scan:
Conditions for entry are the occurrences of Green Ribbon, Blue Bar and Buy arrow

Another buy signal has occurred for Ausgroup again - the 4th in slightly over the period of 1 month. It broke above the resistance today and may continue rising based on the cup and handle pattern seen on the weekly chart that was posted earlier.

Potential swing trade for Keppel Corp if the 40sma can support it.

Today's CSI scan only showed 1 counter with a Buy signal - Ausgroup.
Possible entry at 0.655 and stop loss exit at 1 to 2 bids below 0.605.

Zooming out onto Ausgroup's weekly chart to have a larger perspective, we can see the formation of the Cup and Handle chart pattern.

STI weekly chart - STI still looking strong with 2 marubozu candles in a row. Trend is still up in the intermediate term but caution is needed as it heads towards potential resistance at the Fibonacci 50% retracement level of 2679.

Position Trading using MetaStock CSI system scan:

Conditions for entry are the occurrences of Green Ribbon, Blue Bar and Buy arrow.

Keppel Telecoms: Another appearance of buy signal. Possible entry at 1.58 and stop loss exit at 1 to 2 bids below 1.48.

Position Trading using MetaStock CSI system scan:


Conditions for entry are occurrences of the Green Ribbon, Blue Bar and Buy Arrow:

For Ezra, another buy signal has occurred again and a possible entry point is at 1.44 and exit (ie stop loss) is at 1 or 2 bids below 1.36.

STI weekly chart - STI has now broken back above the uptrend line. Observed that even though volume over the last 3 weeks is convergent with the increase in price, there is actually a divergence on a slightly longer time period (shown by the black arrowed lines). Usually this indicates weakness in the rally.

Position Trading using MetaStock CSI system scan:
Charts of a couple of the above scanned stocks:

Wheelock Prop:

Keppel Telecom: