After selecting a few stocks to monitor on New York Stock Exhange (Stock Picks Part 1 & Stock Picks Part 2), I am using the same screening method to look for stock picks on Singapore Exchange.
Let me just repeat my stock selection rule. These stocks are trading very near to the resistance level now and likely it will dive down again if the resistance holds.
I have been scanning the Singapore markets for stock picks near the resistance and support. Likewise, I continued my daily practice to screen for the some stock market picks today.
I found Hyflux is trading very near to the resistance now and offer very good reward/risk ratio. Another stock Semb Marine is also trending downward as well.
Dow Jones on US has trading on the negative zone last few days, the Asian market also cannot avoid the negative headwind. The my break even stop was initiated yesterday on Noble Group.
Let’s review what happened on my journey, I had 2 stock picks when I scanned the market on 28 May. Originally, I had [...]
