Singapore Real GDP expanded by 32.1% in 1Q2010

Posted On 12:54 PM by Ng Leong Yee |

Real GDP expanded by 32.1% in 1Q2010 on a seasonally adjusted quarter-on-quarter annualised basis.(http://www.singstat.gov.sg/)

The surge in GDP has boosted STI, making a 22 months new high closing up 3019 points and broke the psychological resistance level of 3000 points.

STI 3000 psychological resistance has broken!


Market has been moving up in the past 2 months which seems to be fully valued.

A lot of us are anticipating STI to retrace in order to enter with more confident and at a better price level.

However, the bullish sentiment continued to be is so strong.

If you have notice today the sectors in play are Banks, Properties and Commodities. Banking stocks has gone up way to high to catch.

Thus, I'm sharing with you a few potential stocks that established bullish signals plus it's trading near its support level.


Capitaland - breakout with high volume (Vested)




Noble Grp - Bullish Signal (Vested)


Ezra - Bullish Signal



My personal view:

If you are considering to load on and ride the trend, then you should beware of the current situation that STI seems to be fully valued. So do not overload.

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