Asian market index has been hovering around the MA support lines recently, Straits Time Index (STI) is a typical examples. Similar to my earlier post on the stock picks in the NYSE. I did a screening on the Singapore stock market as well. I found an interesting stock to sit nicely on the 20d MA and about to rebound upwards. Keep this stock in your watch list for its market behavior tomorrow.
The counter on my radar screen is STX PO. This has been a favorite counter among traders and investors for months on the SGX. However, this counter is also very volatile as well. So, you must make sure you have a game plan before fighting with this monster. Otherwise, it can always turn around and bite you.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.
