SG Stocks To Watch (Cordlife, Global Logistics, Hyflux)

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Cordlife (P8A)

Cordlife is one of the few counters that has been resilient against the sell off of global equities that happened since July 2015. At current junction, Cordlife is displaying an exhaustion of strength in price, with a lower high formation formed. $1.365 support is the key critical price level to watch, as the break of this price will establish the confirmation of a downtrend channel.

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Global Logistics (MC0)

Global Logistics has been resisted by its upper downtrend line during the week. Sentiment will remain bearish as long as $1.945 resistance level is holding it off.

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Hyflux (600)

Hyflux has been rallying in tandem along with with Singapore Straits Times Index recovery since February 2016. This rally has been accompanied with increasing transacted volume, signifying strength during this accumulation period. At current junction, Hyflux is deemed for a short term correction due to its overbought status, and closing with a series of potential Bearish Reversal Candlestick Pattern during the last 2 session. For further potential upside ,$0.60 resistance turned support level must hold.

Jeffsun
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