Good Morning Everyone,

Dow Jones ended -14.28 points on Sat morning. Singapore market would gap down upon opening. The movement of the individual counters would be dependent on the market movement later in the day, so please take note of the regional market movement as reference.

Dow Jones went down in the earlier part of its trading hour from 10,327.9 to 10271.7, but went back up later to close at 10318.16. There seem to be a Psychological Support at 10,300. The next few days is likely to see some swinging in the market.

 In general, Singapore market is already showing a pull-back as of last week, so please be careful with your position. STI needs to stay above 2745 for further upside. The next few days are likely to see the market going sideways.   

Counter that we are looking to Long

1) SGX – Above $8.08 & Opening Price

If it falls below $8.08 & Opening price later in the day, we will either cut loss or short.

Please note: There is a Support level @ $7.96 & $7.91 level & Resistance Level @ $8.14. 

There is some upside potential for this counter. However, it must go above & also close above $8.02, in order to see further upside. If not, there will be a possibility of downside movement. If you feel that the risk is too big, then please wait-and-see first.

2) Semb Corp – Above $3.69 & Opening Price

If it falls below $3.69 & Opening price later in the day, we will either cut loss or short.

Please note: There is a Support level @ $3.47 level & Resistance Level @ $3.74. 

There is some upside potential for this counter. However, it must go above & also close above $3.69, in order to see further upside. If not, there will be a possibility of downside movement. If you feel that the risk is too big, then please wait-and-see first.

Thank you and have a Profitable Trading Day!!

Disclaimer: We have gotten the results above based on our Trading techniques, and it is valid for the morning only. Please only reference our analysis only after you have sought advice from your Certified Investment Consultant. The information presented above did not state our profit taking, nor cut loss level. We shall not be legally responsible if there is any loss.