We have picked two stocks from the Singapore Exchange for our report. We have sell calls on Venture and Sembcorp Industries. Price was capped by its gap resistance zone, coinciding with the Fibonacci 62% correction point. It was resisted by the middle Bollinger band, aka the 20MA. The RSI is falling below its neutral level. These could increase chances of the stock price moving lower.
See MoreWe have picked two stocks from the Singapore Exchange for our report. We have buy calls on DFIRG and Delfi. Price has been supported by the middle Bollinger band, aka the 20-day moving average. It could be consolidating within a rectangle zone. MACD remains strong and bullish. We could see price breaking out the consolidation zone to move higher.
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