I have analysed the weekly stock market trends of Singapore STI and Hong Kong HSI. There is a high chance of tendency that these 2 markets is leading into a down trend. Therefore, I screened the Singapore stock market for some possible stock market picks for me to watch tomorrow.
Let’s walk through some of my prelim stock market picks now!
Stocks Near Support Level
Support and resistance is one of my favourite method to select stock market picks. I have chosen 3 candidates for me to watch tomorrow because they are all trading very near to the support level. Breaking the support level offers a good opportunity to short as the overall market is leading lower.
The 3 stock market picks that I have are Singtel, Suntec and Yanlord. Before jumping into shorting, you must follow the 5 Simple Steps to Select The Best Stock Market Picks to further analyse the reward/risk ratio before jumping in.
Singapore Stock Market Picks - Singtel
Singapore Stock Market Picks - Suntec
Singapore Stock Market Picks - Yanlord
Venture is Also Getting Closer to The Support
Venture is also getting closer to the support but it is not that close compared to the 3 stock above. I am just adding it to my watch list for monitoring.
Singapore Stock Market Picks - Venture
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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