Dear all

With reference to my market outlook published on 3 Oct 2021 (see HERE) where I cited opportunities in our Singapore market, our Singapore market (represented by STI) has jumped 154 points, or 5.1% since 1 Oct.

Amid the recent strength, is it too late to plough into the markets? Are there still stocks who may have further upside? Based on my personal chart observation, GSS Energy, China Sunsine and Sing Medical have interesting / bullish charts’ setups which may be interesting to take a look.

Based on Chart 1 below, GSS seems to be on a firm uptrend, evidenced by the rising trend line and its rising moving averages. Volume expanded on “up” days whereas volume shrank on “down” days. Indicators such as OBV, MACD, MFI and RSI are making higher highs and higher lows. ADX last trades at 49.4 amid positively placed Dis. Chart