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Noble is turning down after hitting 20MA resistance but it may be supported at 1.60 by the 200MA.

Olam has pulled back a little to the 20ma and is now just above the 200ma and the uptrend line. If it bounced back up above these supports, then it may test the resistance of 2.67 again as it forms an ascending triangle.

CityDev broke out today and is now at the downtrend line. If it goes above the downtrend line line, then the next immediate resistance will be at 11.58.


ST Engg has now pulled back into the buy zone, so can put on the watch list. The long term trend is still up even though it has been going sideways over the last 6 months or so.

SMRT was triggered for a Long swing trade today after 3 bar drop back to 10MA and turning back up with CCI also turning back up from -100.

Capitamall has now pulled back to the support level of 1.89. If this support holds, then can consider a long entry. Long trigger will be at 1.93 with a stop at 1.88. Again will need to watch the general market mood as broad market sentiments will always affect a stock more than the other way round.

Keeping watch at SembMar for possible short if it gets up to and turn down from resistance of about 4.20.

With the uncertainty in Europe and DJIA dropping -162 points on Friday, we may open on the weak side tomorrow. Below are a few counters who are may be candidates for shorting.

Kepland:

Yanlord:

Ramba:

As mentioned yesterday, CityDev and Ezion may present shorting opportunities and it did arise today. CityDev candlestick today is an engulfing bear, meaning there could still be more downside. But still need to watch out for the 200MA being the support and also that the volume today is lower than yesterday's.



Another counter put on watch list for shorting is SIA.


Though current climate may present slightly more shorting opportunities, there are still some counters showing strength. One such counter is Capitamall which had been mentioned a few times previously. It had tested the 1.99 a couple times recently and it finally broke that resistance with volume today. If it manages to stay above this, then it is likely to head towards the next resistance of 2.14.

Keeping a watch on a couple of counters for shorting opportunities.

CityDev: Currently at around the 40MA which may be a resistance. Its also close to the Fibo-50% level and CCI is high. In the event it does turn down, then have to watch if the 200MA will support it this time round as it fell through quite easily last week. But then again, it was back up above the 200MA quite easily this week as well.


Ezion: Made a wide range bar today with strong volume but it is also close to its 40MA. And if it does go through this, it may meet resistance at the 200MA.

After the huge intra-day plunge in the US last Thursday, most of the counters in Singapore gapped down on opening. One of those was Capitamall but it recovered strongly all the way back up to close above the resistance of 1.89. Looks like there may still be some more upside for this if it manages to stay above the 1.89 resistance.


Another couple of counters on watch list are Cosco and Yangzijiang.

At time of this post, Europe is down and US markets are all down too, by at least 1.5%. So unless it gets better by the time the US markets close, chances are that tomorrow's opening will not be good too. In the event that the broad market turns positive, below are the list counters to watch for swing trades.

Another day of big decline in the STI (-40 points), but this has also brought a few counters back into the zone for possible swing trades after their recent ascent. But then, safer to go Long if the general market improves. Some of the counters to keep a watch on are:

Yangzijiang: Showed some strength today as it opened below the 40MA but climbed back up into the buy zone and forming the bullish piercing candlestick pattern as well.


CoscoCorp: It gapped down and opened at around the Fibo 50% retracement level but then bounced back up a bit. So if it is able to clear today's high, then may consider going long since the 20 and 40MAs are still sloping up.


Fortune Reit: Hammer appearing with its close above the 40MA. There's a possibility this may go sideways as the MAs are topping off.


Sunningdale: Its also now into the buy zone with the doji candlestick appearing - a sign of indecision. CCI is also low at this point. If it clears today's high with the CCI turning back up, then going long is a possibility.

SIA Engg (as mentioned 2 days ago) looks strong as it moved higher today even though the general broad market went down a fair bit. However must keep watch as it may still be dragged down by the market tomorrow given that Europe and US markets had taken a dive at the time of this post.


Likewise the Swing scan list below is just to be placed on watch list given the weak market at this point in time.


Below is the list of some of those counters that are now below their 200-day moving average, ie can be considered to be weaker stocks.

List of counters to keep watch for possible Swing trades.

SIA Engg broke out of the symmetrical triangle pattern last Friday and if it can stay above the down-trend line for another day or two, there may be more upside.


Still keeping an eye on GMG as it is in the Swing trade buy zone and it has also bounced off the 50% Fibo retracement level.

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.

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.