Singapore Stock Watch 9 Feb 2017

photo-1441171205449-f600f908a9f3-min

9/2/17

Geo Energy Res

  • After several months of retracement and low activity after reaching a high of $0.275 in Nov 2016, stock broke out of a round pattern on 2 Feb 2017
  • Since then, we have seen a tight consolidation with support at the $0.25 level
  • A further breakout above the new high of $0.285 will provide more concrete indication of a sustained uptrend
  • Entry @ $0.29 with Stop @ $0.25

 

Hong Leong Asia

  • Stock successfully broke out on 3 Feb 2017 and reached a high of $1.115
  • There looks to be increasing volume coming in which is a good sign of buyer interest
  • A further increase above the recent high on strong volume (>2m) should indicate continuation of uptrend
  • Continuation Entry @ $1.12 with Stop @ $1.035