We have picked two stocks from the Singapore Exchange for our report. We have sell call on Sembcorp Industries and buy call on SingPost. Price of Sembcorp Industries has formed a price top at S$5.67. There is a bearish conversion and base lines crossover that hints at more downside ahead. It could be consolidating within a bearish flag pattern. MACD remains bearish. These could increase chances of the stock price breaking down the cloud to move lower.
See MoreWe have picked two stocks from the Singapore Exchange for our report. We have buy call on Sembcorp Industries and sell call on Venture. The chart outlook of Venture is bearish as price is trading below the cloud. Conversion and base lines remain in a bearish crossover. MACD is bearish and is moving lower. These could increase chances of the stock price moving lower.
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