Analysts expect near-term resistance at 3,235 but the index has been stalling around the 3,220-3,225 area over the past few sessions.
Technical analyst Najeeb Jarhom says the stock always repeats the trend of moving higher past key recovery marks. He notes, since bottoming out at 27 cents a year after its crash from $2.87 peak in October 2007, YZJ has recovered 70% of its losses, taking around an average 3-4 months to scale one resistance area to another.
VectorVest is a comprehensive stock analysis and portfolio management system developed to result in great revenue. Now it comes with the Watchdog, which is a monitoring, alerting and documentation tool that analyzes pricing data.
Singapore shares extending gains in late trade, drawing strength from advance in HK market, firm US stock futures, early gains in European bourses.
STI +1.0% at 3,175.85 vs flat at 3,143.77 midday; immediate resistance at 3,187 (Nov 23 high). Market breadth at more than 1.5 gainers for every decliner. Still, participation level low as volume so far only tad more than 1 billion shares.
I’ve previously written that real men stand up to fascists:The fascists’ view of masculinity is that — to be a real American man — you have to rally around the “strong leader”, you have to talk tough about the “war on terror”, you have to get pleas…
Yahoo may be the target of a takeover bid, according to rumors. However, Yahoo’s corporate culture and its rejection of Microsoft suggest it would fight hard. – Could Yahoo find itself an acquisition target?
That seems to be the question drifting around the Web, following news that a
handful of private equity firms were exploring the prospect of teaming with AOL
or News Corp. for a Yahoo takeover. Yahoo’s stock price leapt upward, and Bank
of America M…
Singapore shares staging broadly on back of Wall Street’s overnight rally, pushing STI +1.0% at 3,192.47, says Dow Jones.
If 3,200 fails to hold as resistance, next resistance tipped at 3,214 (June 2 high).
“Technically, the MACD indicator has initiated a clear rebound off its signal line over the past few sessions and this continues to suggest improving upside momentum going forward,” says OCBC Investment Research analyst Philip Teo.
Singapore stocks in broad-based advance, with almost 4 gainers for every decliner, says Dow Jones.
STI +0.3% at 3,139.08, with resistance expected at 3,184 (peak at June 6, 2008).
“It’s not a strong start for the week but considering that the index is already at its highest in more than two years, the performance is credible. With third-quarter earnings up ahead, the market could head higher if results beat expectations and guidance is strong,” dealer says.
Hopes for more measures by Fed to help shore up sluggish US economy may lift Singapore shares after they drive up US stocks overnight, although any gains likely to be modest pending any concrete initiatives, says Dow Jones.
Resistance for STI, down 0.5% at 3,097.35 yesterday, expected at year-to-date high of 3,125, while last week’s 3,069 low tipped as support.
Singapore shares in broad-based advance, drawing strength from rally on Wall Street; STI +0.7% at 3,101.62, with resistance expected at higher end of 3,085-3,146 breakdown gap formed in June 2008, according to Dow Jones.
“Currently the short, intermediate and secular (long term) trends are all positive” for STI, says Phillip Securities analyst Phua Ming-Weii; “the STI and Asia in general continue to display a good bit of strength relative to the S&P 500.”
DMX Technologies (5CH.SG) most active stock in Singapore, +16.5% at 11-month high of $0.495, extending Friday’s 21.4% rally, as participants remain hopeful digital media company will be able to generate greater investor following as its ADRs start trading on OTCQX International from Sept 23, according to Dow Jones.
“While quite a number of Singapore companies have lately taken the TDR route, DMX is doing ADRs, which could draw an even larger investor base,” says a local house trader. Each ADR represents 40 DMX shares.
While RSI shows stock overbought, current strong momentum likely to continue, with ADR performance expected to set tone for mother shares in near term. Immediate resistance at 52-week high of $0.545.
{jcomments on}
These credible works of internet fax providers deserve loud cheers! Among of these reasons are cost cuttings which absolutely save you from worries and debts. It gives you a special service that meets your business success requirements today. It is very easy to use and gives you the chance to spend quality time with your family. Plus it gives satisfaction, since all your email fax is sent directly to the recipient in less than a minute.
Resilience in Asian bourses, positive US stock futures keeping Singapore shares firm, according to Dow Jones.
STI +0.9% at 2,945.67, expected to close up for first time in 4 sessions, with resistance likely at 2,969 (Aug 11 peak). Overall, gainers outnumbering decliners by 2 to 1 in broad market.
“The gains are not fantastic but it’s encouraging considering the largely flat sessions we had last week,” says trader at local house.
Small caps still most active, led by Oceanus Group (579.SG), +15.0% at $0.345, United Fiber System (P30.SG), flat at $0.05, Informatics (I03.SG), +6.3% at $0.17, Healthway Medical (5NG.SG), +5.9% at $0.18. Among blue chips, developers, Jardine group best performers, with CapitaLand (C31.SG) +2.3% at $4.03, CityDev (C09.SG) +2.6% at $11.92, Jardine Matheson (J36.SG) +3.3% at US$41.74, Jardine Strategic (J37.SG) +2.7% at US$24.04.
{jcomments on}
Singapore stocks mostly higher, with 2 gainers for every decliner, though gains modest, according to Dow Jones.
STI +0.4% at 2,929.90 at 9:25 a.m., with resistance at 2,948 (August 13 high); index expected to hold above 2,900 on any pullback.
“The benchmark STI has been slow in pushing to the upside, so expect range-bound trading today,” says Kim Eng Securities.
Penny shares most active in market as players turn to low-price plays for quick punt amid lack of catalysts. Stocks in play include Style Merchants (N37.SG), flat at $0.035, Consciencefood (L1D.SG), +2.0% at $0.255, Adventus (5EF.SG), +10.0% at $0.055, Health Management International (588.SG), +6.9% at $0.155, Oceanus Group (579.SG), +5.0% at $0.315.
{jcomments on}
Be scared free of subscribing internet fax providers service. Do it by knowing what are the computer system requirements needed for an ultimate internet faxing experience. Know the best internet connection for you to enjoy fast document sending and receiving. Experience how to send fax and receive in a way you send and receive your email.
Buyer fatigue seems to have surfaced in Singapore bourse as stocks struggling to head higher amid thin volumes, says Dow Jones.
STI +0.4% at 2,968.13 in 2:33 p.m. vs +0.7% at 2,977.16 in morning trade. Any further upside likely minimal, with 2,984 (April 30 high) expected as resistance.
Market breadth still positive but narrower at about 1.5 gainers for every decliner vs 7 for 1 in early trade. Market valuations remain inexpensive, says Deutsche Bank, but bottom-up stock picking will be increasingly significant as Singapore’s economic growth moderates in 2H10.
Buyer fatigue seems to have surfaced in Singapore bourse as stocks struggling to head higher amid thin volumes, says Dow Jones.
STI +0.4% at 2,968.13 in 2:33 p.m. vs +0.7% at 2,977.16 in morning trade. Any further upside likely minimal, with 2,984 (April 30 high) expected as resistance.
Market breadth still positive but narrower at about 1.5 gainers for every decliner vs 7 for 1 in early trade. Market valuations remain inexpensive, says Deutsche Bank, but bottom-up stock picking will be increasingly significant as Singapore’s economic growth moderates in 2H10.
Raffles Education Corp. (E6D.SG) +1.6% at $0.32, extending gains since Friday’s breakout above $0.30 for first time in more than two weeks, says Dow Jones. Immediate resistance at 100-day moving average, last at $0.35.
