STI

Here is the big question, where is the support?

From the chart, it seemed to be heading toward 3158 (MA50). This point seemed to be a perfect support to form the H&S pattern. It's a time to be patient. If MA(50) point does not hold, the next point to look for will be 3120.

Genting

Here is the surprise gap-down for Genting,

From the above chart, you can see the drop-down. I am still searching for the reason for the sudden gap-down. This drop is hurting as it breaks the support of $2.18 and stable at $2.07 (SMA50). If SMA(50) is broken, it may be looking at the 100D MA which is at $1.70.

Wilmar

Wilmar is in deep trouble, having posted a profit fall of 60%

The above chart is taken on the morning trade. It has broken the $6.48 support easily to spell trouble. It has triggered a 'short' on my side. For buyers on this counter, be extra cautious.

Gallant

Whenever there is a pullback, a chance to buy in.

Take a look at Gallant. It is starting to breakout of the resistance line. If there is a pullback, it will test this stock and present an opportunity to buy in this stock.

STI update

Further updates on Singapore stock market,

Seem like the bulls had won the battle, STI had made a new high. I was looking across the mainboard, the heavyweights were still hit by the last pullback. The mid-cap stocks were having a rally. E.g. Noble Group, NOL, Cosco, Yangzijiang, GoldenAgr. To trade at current state, you will have to be selective.

STI update

The fight is still going on ... Bull vs Bear

Yesterday, a huge rebound from the bulls stating that they were not going to give up 3144 level without a fight. On the earlier post, i had mentioned about the struggle on this area and it was happening now. The sideway action made trading more difficult. Seemed like it's time to take a short break.