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Cosco potential breakout. Respect of support at 1.10 and recovery of 63-day Twiggs Momentum above zero would confirm a primary up-trend.
Thanks Andy
Singapore Exchange
Hong Leong Asia
I can't post charts at present but you can see them at http://goldstocksforex.com/2012/02/26/singapore-sgx-potential-breakouts-2/
Some good potential breakouts:
~ China Taisan
~ Hong Leong Asia
~ Amtek
~ Singapore Exchange
~ Cosco
~ Neptune Orient
What to look for:
- 63-day Twiggs Momentum oscillator above zero, indicating a primary
up-trend
- 21-day Twiggs Money Flow holding above zero (for say 30 days), indicating buying
pressure
- breakout above resistance (e.g. Etika at 0.300) following breach of descending trendline on the weekly chart.
That would confirm your fundamental view.
Regards, Colin
from valuations, i think there upside for ETIKA........
Etika does not have sufficient liquidity nor buying pressure. Nor has it broken its descending trendline.
ETIKA
Amtek [M1P] is an example of what to look for:
![Incredible Charts: Amtek [M1P_sg]](http://static.incrediblecharts.com/images/2012/2012-02-21-m1p.png)
Low momentum stocks with strong buying pressure indicate potential breakouts. Look for breakout above resistance and/or a surge in momentum to confirm the signal.
Stocks with low 63-day Momentum but strong buying pressure as measured by 21-day Twiggs Money Flow:
