Thursday, 3 March 2016

STI - VERY STRONG BULLISH RALLY SEEN TARGET 2800

 
The Singapore Market has played catch-up to global-stock market rally seen in US & Europe. The STI has risen almost 105 points since 1 MARCH and the index has closed the trading day at its day high which is a good sign. With near-term 2800 resistance just 13 points away, we feel the STI has its leg to rally towards the technical levels. At the meanwhile, most of our stocks alerted in late February have shown strong rally. With the MTP 20cents watch list ruling, we still continue to favour those with turnaround plays, strong balance sheet to weather the 2016 Year versus those are not doing well.  We will look out for others MID-CAP and BLUE chips plays which are due for a nice breakout in the coming trading days when possible.
 
 

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