This is second set of hot stocks from The Edge. Of course, this is not a list to long, but a list of stocks technically poised like a nice short target.
With the "excellent" outcome of last week's Hot Stocks: No Olympic play for S-Chip, we can take a look and monitor it to see how the new list performed in coming week.
Even though STI has plunged below 2800, the offshore plays still holding pretty well (yes, exclude S-ship like Cosco and YZJ). They have a lot of meat left for shortist, if they proven to be a better predator.
Sinking Feeling for Offshore Plays
SembCorp Marine – Momentum Breaks Down
$3.77 to
Cosco Corp – No Bottom Yet
$2.28 to
Keppel Corp – Set for Decline
$10.28 to
YangZiJiang Shipbuilding – Support Gives Way
$0.635 to
SembCorp – Testing Support
$4.28 to
Jaya Holdings – Poised for Breakdown
$1.36 to
Update will be on coming Friday, after market closed.
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