Home > Uncategorized > Correction not over yet

Correction not over yet

STI and many counters are still resisted by the downtrending line. One exception is Genting (exited from the trendline quite some time last week) with upgrade call from Deutsche today with target price 1.20. Seems like most counter trend play is short lived.

What I like is to see company reporting good news and yet go down in a day or two. This shows us how weak the market is. Investor is at sideline not supporting the market now. It’s going to have a lot of whipsaw here and there.

Any good counter to collect? 3 company I’m looking to collect once correction is over namely Techcomp, CourageMa and ActionAsia. They will be my growth stock portfolio. Maybe will include SoundGlobal aka Epure for dual listing play.

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