Outlook

Overall market still look rather weak with a lot of volatility around, I did a scan today for mid-term bearish trend change and this list of stock was generated. These are stocks which previously our shorting candidates, now they seems to be changing trend. If you are shorting one of these stocks, do consider to reduce your short position.

Another interpretation of these stocks is IF STI is going to have a (mini)bull run, these will be the first few that will run first. Set your stoploss, limit your losses.

Indoagri - Parallel Channel

Indoagri now trading at 1.415, this stock is quite obedient as it always trade within the parallel channel. Now it is at the channel resistance, will it break the trend? If it never, this will be a good entry for short position. Stoploss can place at 1.48, if want to wait for confirmation, enter when price break below previous day low. Target price will be ard the channel support.