Shares & Derivatives
Recap – Eza, SPH, ST Engineering
By Stock Market  •  October 8, 2012
Starting from this week onwards, Singapore listed Companies are going to announce their quarterly results.  Just to recap on certain stocks that we have previously discussed.
Ezra
On 9 October 2012, Ezra will be ex-entitlement (of Triyards share).  No change in views and opinions.  A move below 1.140 will signal the possibility of covering the gap support of 1.090 - 1.110, followed by 1.050 - 1.060.  3 weeks of sideway trading between 1.165 to 1.250 makes it a possible breakout candidate.
SPH
No change in views and opinions.  SPH is slowly inching upwards towards the possible reversal zone.  Now it is waiting for the results announcement to fire on all its cylinder...
ST Engineering
No change in views and opinions.  A move below the Median Line of Andrew's Pitchfork will test the gap support of 4.330 - 4.350, and signal the possibility of testing the lower bound.  Staying above 3.600 will see further upside.
 
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