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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.

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:

With the cautious market at the moment, there's only a few counters showing up in the peak-trough system scan for long trades.

CWT (chart show below) is one of those on the list above.