Taurus Stock Pick : What Stocks to Buy in SIngapore ?

Jaya

Jaya has broken out of 70.5 cent and is now in pullback and consolidation. The second leg of run will start once 80.5 cents is broken. Refer to chart 2. The stock may pause at 85 cent due to a gap which may pose as resistance. If the stock manage to breakthrough the gap, we will be looking at 90 cents or 94 cents target (island which pose as resistance )

Sembcorp

Sembcorp is on the run with oil prices running high. From the chart, Semcorb has been trending nicely along the 13D MA as the support. A break above $4.33 would send the stock to next technical target of around $4.6. If not for the Goldman saga on last friday, the stock could have likely broken out of the box ( indicated in the chart).

Click here to learn the use of Darvas box trading method.

Ziwo

Technically Ziwo has been forming a ascending triangle for 2 months. and last week has been attempting to break 0.38.The inverted black hammer on Thursday doesnt bode well for next few session term due to the high volume. High volume and the stock cant breakout is not a good sign. Lets see if the stock would pullback to the triangle support line and retest 0.385 again.

TTJ

Stock is on the run and now consolidation. Expect more upside once 0.225 is broken. Volume dry up during consolidation.

DBS

DBS gap up on high volume and forms a long white candlestick yesterday. Today, DBS pulls back from resistance of $15.73. Once pullback completes, DBS will breakout from $15.73 with technical target of $17.4.
















OCBC

OCBC is fairly strong and has broken out of $9.09. Today's consolidation is a very strong bullish continuation pattern for OCBC to continue this leg up .















UOB

UOB has also been fairly strong and broken its Jan high yesterday. Expect strong continuation

Wilmar is testing $7 resistance. If successfully break through, the stock will start a new leg of run to $8 given the current bullishness of STI. MACD is showing bullish signal and 13,26D is turning up.

Check out Darvas box trading method.

21st March Hot Stocks to buy - Guocoleisure

Watch out for Guocoleisure. One more upmove to around 74.5 cents before stock need to rest for the moving average to catch up.