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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: