Singapore Stock Watch 11 Jan 2017

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11/1/17

CWG International

  • After a lengthy consolidation period since Oct 16 where the stock has reached a high of $0.177 before retracing, we saw a new high breached yesterday
  • Like to see a tight consolidation pattern with little selling before a further breakout on high volume which indicates a strong likelihood of uptrend continuing
  • Watch for volume > 5m with an Entry @ $0.181 and Stop @ $0.164

Jumbo

  • Broke out to new highs above $0.68 on 5 Jan 17
  • Currently forming a tight consolidation with little supply and no resistance above
  • Continuation Entry @ $0.725 with Stop @ $0.675

Civmec

  • After surging in price and volume in Dec 16, stock has consolidated forming a bull flag pattern
  • Selling seems to have subsided and found support at the $0.525 range
  • Entry @ $0.585 on a new high with Stop @ $0.52

Mermaid Maritime

  • Stock has been on an uptrend since Oct 16
  • Broke out of a small round consolidation pattern on 4 Jan 17 and looks to be forming a tight range currently
  • Entry @ $0.198 on a new high with Stop @ 0.181 (Avg Vol > 25m)

Food Empire

  • Since its big volume breakout on 14 Nov 16, volume have subsided with the stock forming a roundish pattern
  • Selling looks to have subsided on minimal volume
  • Entry @ $0.515 with Stop @ $0.465