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Many Counters Are Hitting Resistance on Singapore Stock Market

Many Counters Are Hitting Resistance on Singapore Stock Market

We were seeing Singapore stock market plunging begining last week but we also saw the market recovering from its loss in the 2nd half of last week. While all traders and investors are waiting the for the final Green Light from US congress to approve the rescue plan, the market will definitely come to a half in its rally now.

Instead of posting the regular Singapore weekly stock market trends on Straits Time, I was thinking of change the post today to write some of my watch list today as I found that there are many stocks are trading very near to the resistance level plus at high volume trading today too. I am creating this watch list not for you but actually for myself to monitor the market, if you do like to follow, please make sure you analyse and make your final decision.

Let’s take a look at these stock counters!

Many Stocks in Singapore Are Trading Near Support Again

Many Stocks in Singapore Are Trading Near Support Again

Trading Near Support is good strategy to adopt to screen for stock market picks. I did a scan on the Singapore stock market today and again I found that there are many new counters are trading very near to the support now.

Among them are Cosco Corp, Indo Agri, SGX, SPC, Tat Hong & YangZiJiang.

SGX - Singapore Stock Market Picks July 15, 2008

SGX - Singapore Stock Market Picks July 15, 2008

Welcome to InvestMoneyLab, you can now gain special private access to Gold Mastermind Club which is an inner circle that we share the latest profitable trading system and stock picks for free. Feel free to leave some comments before your leave too. Thanks for visiting!I thought that Singapore STI was support well on the gap [...]

Singapore Straits Time Index Stock Market Trends June 12, 2008

Singapore Straits Time Index Stock Market Trends June 12, 2008

Following the gap down on Straits Time index 2 days ago, STI indeed plunging down further. STI finally broke the 3000 point psychological support level today when it opened this morning. Well, luckily, it started to recapture losing ground in the afternoon trading and ended with a white candle to close higher than 3000 [...]

My Singapore Stock Market Picks June 11, 2008 - SGX

My Singapore Stock Market Picks June 11, 2008 - SGX

I have seen Dow Jones is falling down , Straits Time index is also gap down on a triangle formation, Hang Seng Index also incurred a big loss and gap down too. The overall market sentiment is bad now.
From my experience, Singapore Exchange (SGX) always follow the trend of Straits Time index. As I am [...]