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Capitamall (last posted here) was able to stay above previous resistance of 1.89 despite the big drop in STI yesterday, indicating this counter has got strength. And this is evident today has it has moved higher (closed at 1.94). More upside potential in store as the next likely major resistance is at 2.14.


SGX has managed to stay up above the 200MA and the recent short-term up-trend line for another day. If it's able to clear today's high, chances of another upswing is there.


Below is the list of counters to keep a watch over for possible swing trades tomorrow.

Due to the events happening in Europe, quite a fair bit of stocks have pulled back down. Below is list of counters to keep watch on for potential upswing if things get better.


SGX pulled back to and then slightly bounce off its 200MA. If it can be supported by its 200MA, it's likely to swing back up.


Do be cautious as STI closed below the up-trend line today.

Capitamall broke out of ascending triangle yesterday and stayed up above resistance of 1.89 for a 2nd second day. More upside likely but need to be cautious given that Dow, Nasdaq and S&P500 is currently down by more than 1% (at point of post) due to fear of what's happening in Greece.


A couple of counters to watch for potential swing trade are GMG and Chemoil. GMG is now on the 20MA. Trigger at 0.225 and stop at 0.200.


Trigger for Chemoil at 0.41 and stop at 0.39.

SembMar (posted last Fri) still in nice uptrend but currently hitting resistance at 4.50. For short-term swing traders, can lock in some profit. Longer term resistance is at 4.73.


SGX is also nearing its short term resistance of 8.50. Longer term likely to test 8.72 again.

Below is the watch list for possible swing trades on Mon 26 Apr.

SembMar was actually triggered for Long entry on Fri but pulled back near end of day. Potential upside is still in play, so keep watch.


Chemoil has pulled back to near its 10 MA after hitting the 200 MA resistance last week. Will also watch this as it may test the 200 MA again if it goes above Friday's high.

Based on yesterday's post, SGX and China Fish were triggered for long entry today. So congrats to those who bought. SGX is now back above the 200 MA and the downtrend line. And with the bullish engulfing candlestick today, possibly some more upside in store.


China Fish is now back above the 20 MA and looks like moving up further.


Below is the list of potential swing trades to watch for tomorrow.


Another counter to watch for is Capitamall which is testing the 1.89 resistance again. If it breaks above, then it could head towards 2.19.

STI uptrend is currently still intact since it is still above the 20 & 50 MA and also above the uptrend line.


A couple of potential swing trades are SGX and China Fish. For SGX, it has now dipped back below the downtrend line and just below the 200 MA. If it manages to move and stay above the 200 MA and bounce back up above the downtrend line, then can consider a long entry.



China Fish is at point of indecision at the 20 MA region. If bounce back up above today's high, then can enter long.

From yesterday's list, a few counters such as Jaya, Osim, Midas and Raffles Medical were triggered for Long entries today.

Below is the swing scan list for today:


Another counter to watch for is FinaOne which has now retraced back after breaking earlier resistance of 0.525 last week. If this resistance turns into support, it could head higher.

After today's pullback of most counters, opportunities now arise for potential swing trades - especially those that are still in uptrend. Swing scan showed the following list of counters.


Below is another list to keep watch for possible swing trades as well.


Another counter to watch for swing trade is Raffles Medical, especially with the rejection presented by the long tail doji.Trigger for this would be 1.69.

Due to the Goldman Sachs case, there's likely to be knee-jerk reactions on Monday here - especially the financial sector. Will stay alert and watch how things develop before taking action.

Did a brief scan and came across Allgreen and TrumpDragon which look like potential candidates for swing trade.

Today SGX broke above the down trend line with volume after going back above the 200 day moving average yesterday. Can consider long position as potential for more upside.


One of the counters shown under CS PT system scan is Hotel Properties (HPL). Show below are the weekly and daily charts. Looks like it may soon head to test the resistance of 2.50 again.

Osim cleared 0.955 (as posted yesterday) and looks like heading higher towards possibly the region of 1.06.


Another counter that broke peak today is FinaOne. If it stays above 0.525 tomorrow, it may head towards 0.60.


A couple of counters to watch out for Swing trading are Keppel Corp and F&N.

Osim broke resistance today and is now near another possible resistance of 0.955. If it clears this, especially with volume, it is likely to head towards the Fibonacci 50% retracement level of around 1.06 based on the weekly chart shown below.

Congrats to those who bought Jaya based on earlier post. It has now reached one of the trend lines. If this upper trend line is broken with volume, it could head towards 0.85.


Another counter to put on the watch list is F&N which has now dropped 4 bars (based on 3-5 bar drop trades). Trigger at 4.95 with a stop at 4.86.


From the CS Peak-Trough system scan result list, I will probably keep an eye on those highlighted.

Jaya Holdings looking interesting with it ascending triangle pattern. If it stays above 0.715, upside potential looks good, as shown in weekly chart.

CSI position trading system scan showed the following list of stocks with setups for trading on the Long side. Trigger only when it clears the high of the previous candle.


Below are a couple of charts from the above list:

NOL:


UOB:



Swing scans showed Olam with the setup for a swing trade on the Long side, especially so with the appearance of the hammer. Again only trigger when it clears the high of of 2.6.



As for the CS Peak-Trough system scans, one of the counters listed is C2O Holdings shown below: