Happy 2012 to ALL!!! STI rose 57 points and closed at 2716 last week, volume has been pick up accordingly as well. Apart from the impact from US and Europe market, Investors are also expected to increasingly focus on corporate news next week as Singapore companies enter the earnings-reporting season. 2630 is the key support which is also what I called buy zone. 2740 is the first resistance we face to now, for STI to go up to next level, we need to see it stay above 2740
SembCorp Closed 4.2 on friday, ever since it rise from the trough of 3.2, if have been going on sideways for the past 2month or so. Well, sometime a stock moves sideway is good, especially when the rest of the market is falling down, our ARTS- position trade has got a signal for entry on mid-long term trade. Entry only when it break above prior day high.
Ho Bee last close at 1.035, Long term trend down, mid term trend down, short term reversing, if market is going to be bad. This stock might be a good choice to short as our system gave a signal that it is showing weakness. can consider to short if it break below 1.02. Stoploss at 1.08.