Singapore Stock Watch 8 Jan 2017

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8/1/17

MM2 Asia

  • Stock retraced from a high of $0.49 in Oct 2016 and found support at $0.4 before continuing its uptrend.
  • Current mini consolidation pattern with little selling seen below $0.47.
  • A breakout above previous high of $0.49 on above average volume (>5million) will signal additional uptrend momentum.
  • Potential entry @ $0.495 with Stop @ $0.455

Spackman

  • Stock recently hit a major resistance below $0.2 but has found support above $0.18
  • Little selling seen over past 2 weeks indicating that the stock may continue its uptrend if above resistance is broken
  • Potential entry @ $0.2 with Stop @ $0.182

GSH

  • Stock has been on steady uptrend since Oct 2016
  • Broke out to reach a high of $0.54 before consolidating but support can be found above its resistance turned support level around the $0.5 range
  • Potential entry @ $0.545 indicating uptrend is resumed with a Stop @ $0.49