Saturday, August 7, 2010

SG Stocks - 6/Aug close

1. Capitaland (click for chart)
6-Aug close: 4.09

R2: 4.44
R1: 4.2
S1: 4
S2: 3.84
S3: 3.65

Strategy: Sell close to 4.2, wait to buy back at S2 or bounce off S1.

2. SMRT (click for chart)
6-Aug close: 2.05

R2: 2.19
R1: 2.1
S1: 2
S2: 1.88

Strategy: 3 inside bars within 1 black bar. Look to buy if bounce off S1.

3. Noble (click for chart)

R3: 2.1
R2: 1.92
R1: 1.74
S1: 1.6
S2: 1.38 (stronger support if look-back 3yrs). Near-term support 1.48

Strategy: Buy at S1

Disclosure: Holding longs on Capitaland and SMRT

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