Singapore Wyckoff & Volume Spread Analysis

Ezra caught my attention today. Below is its 1 year chart. Trading just above my resistance turned support level @ 1.22 today. Yesterday, Ezra has strong trading volume. Lots of buying up activities. If we take a look at its trading activities for the past 3 days... I will update them again when I am back home. But tentatively, this 2 stocks are looking good.

Market could be heading south. I do not see any real strong buying in most of the counters. A lot of profit takings happened in many counters that I have been observing. Do wait for the long due correction if you want to be really safe. I expect in the mid term, 2-3 months, market could still be okay to long. But, after the 2 days of intense rallying, we probably need to rest.

A forwarded sent to my clts Market has not been responding very well for the past few weeks. I am more negative biased in the market at the moment due to Euro woes. However,   YONGNAM   has caught my attention recently. First of all, some background information about YongNam :   Yongnam Holdings Limited is a leading Singapore based multi-discipline engineering and construction services provider with more than 30 years experience. Its key business areas include that of structural steelworks (engineering coordination, detailing, full service fabrication and erection of steel structures), specialist civil engineering and mechanical engineering. Yongnam currently has regional operations in Singapore, Malaysia, Thailand and Hong Kong. Yongnam past projects will also include MBS'sSkypark, ArtScience Museum at the Marina Bay Sands Integrated Resort.   Yongnam was awarded numerous contracts for developing MRT lines as well.   Below is one of them ...

After friday's closing, i noticed of UE E&C strong buying volume which causes the stock to be up by 9+ % at the end of the day. I took a look at its parent company and it was its parent company that caught my attention instead. Better risk to reward ratio with solid fundamentals. Below is its 3 years chart. If we take a closer look at its activities recently year, there is a lot of hidden potential in UE in my opinion. Fundamentally at a glance, UE looks very good.