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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:

STI daily chart - broke resistance of 2424. The 20MA and 50MA turning up again. Likely to remain bullish this week.

STI weekly chart - In process of forming double top? Just got to wait and see. 20MA just crossed the 50MA though.