Most have rallied near major headache area except for SYNEAR which is withheld by upchannel cum major downtrend resistance. I think a breakout would lead to swift markup towards headache area.
Stocks I pick this round have been on downtrend past 9-12 months, after their initial bull thrust in 2009. Its quite clear better long than short them after drop so long. Bot more on weakness. So far yummy!
Indices are on a momentum run, eg HSI:
Updated 6th Oct:
Monthly charts of some stocks potentially ripe for markup.
But at a time when STI is heading into potential trouble?
A possible silver lining I see is during first phase of bull market, funds flow into bluechips and solid stocks with stories to spin. In second phase of bull market, it is hard to markup these stocks further as their prices have reached fair evaluation.
It makes better sense for institutions to cash out their profits and pump the money somewhere else. I won't be surprised in time to come STI and bluechips turn sluggish while a new bull is born for stocks which were beaten down past one year.
There's plenty of them, if you look closely. And we probably expect some choppiness in market when huge amounts of money flow from one group of stocks to another.
