Singapore Stock Watch 10 Jan 2017

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10/1/17

Dyna-Mac

  • Stock crossed above 200MA in Oct 16
  • Current double bottom consolidation pattern seen
  • Bullish entry @ $0.191 for continuation of uptrend with average vol > 8m and Stop @ $0.174

UOL

  • After breaking its 52w high in Dec 2016, stock formed another round consolidation pattern in recent weeks
  • A breakout above $6.28 on higher than avg vol (>1.5m) will signal continuation of uptrend
  • Entry @ $6.29 with Stop @ $5.9 just below the low of the consolidation pattern

Kris Energy

  • Stock has been consolidating well above its 200MA in recent months with a good support level above $0.17
  • Currently forming another round consolidation with a breakout above the high of $0.22 signalling potential uptrend continuation
  • Entry @ $0.225 with Stop @ $0.195

Sinostar Pec

  • Stock was trending with minimal volume and action over past 2 years but saw a sudden surge of volume at the end of Dec 16
  • After successful breakout, stock has formed another consolidation pattern
  • A breakout above the most recent high of $0.165 could signal further up movement with a further breakout above $0.176 indicating confirmation of uptrend
  • Entry @ $0.166 with Stop @ $0.157
  • Be cautious if volume drops back to low levels, indicating loss of interest