We have picked two stocks from the Singapore Exchange for our report. We have buy calls on Hongkongland and SGX. Price of Hongkongland broke and closed above the cloud, turning the chart outlook to bullish. It broke out from a triangle consolidation pattern as well, hinting at more upside ahead. Both conversion and base lines are turning up. The MACD remains bullish and is moving higher. We are likely to see price continuing its upward momentum to move higher.
See MoreWe have picked two stocks from the Singapore Exchange for our report. We have sell calls on Keppel Corp and UMS. Price of Keppel Corp has reached a price high at S$6.55 two days ago. This could be a possible price top as the MACD histogram is giving potential divergence warning that hints at a possible reversal. We are likely to see a price correction to the base line support at S$5.98. Once the base line support is violated, a further decline to S$5.60 could be expected.
See More