Sunday, November 27, 2016

3 Singapore Stocks to Watch Out For - OCBC, Wilmar, Global Logistic

I am preparing some trades for next week and hence I am scanning some right counters to trade. Below are the analysis of 3 counters I have identified.

OCBC - The short term is bearish. I expect the stock to rise a little more towards the supply zone, maybe 9.06-9.16 before the real sellers will emerge. The now in my opinion contains a lot of sellers and I am definitely not looking to long.

Wilmar - Shorted 3.47 last week and was under pressure. I might take a loss and add on more positions at 3.61-3.64 level because that's where the supply zone exist. The stock had a bullish rise recently and my judgement was wrong earlier when I shorted.

Global Logistic - With positive news in the background, I believe the stock is set for a rise. However in the short term wise, it might be still forming a small trading range before the breakout happens. I am watching this counter closely for that hidden buying or a flush to happen first. I strongly believe a major news is impending.

Have a great weekend.

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Ronald K - Market Psychologist - A Stock Market Opportunist