Yoma (Z59) breakout above 0.50 would signal another advance. Both Twiggs Money Flow and Momentum are bullish.
I also like the look of Sky Holdings, Interra Resources and Ezion Holdings:
Although Ezion faces some profit-taking at 1.00 that could slow a further advance.
SGX stocks with low 63-day Momentum but strong buying pressure as measured by 21-day Twiggs Money Flow. Illiquid stocks filtered out using $500,000 daily Value/Turnover filter.
Top Momentum stocks identified using 63-day Twiggs Momentum and $500,000 daily Value/Turnover filter:
Dow Jones Total Stock Market (TSM) India Index is testing resistance at 1825. 21-Day Twiggs Money Flow mostly below zero warns of medium-term selling pressure. Expect resistance to hold followed by another test of support at 1650.
* Target calculation: 1650 – ( 1800 – 1650 ) = 1500
The weekly SENSEX chart shows a similar story: the index retracing to test resistance at 17500, but 13-week Twiggs Money Flow below zero warning of strong selling pressure. Reversal below 16000 would offer a target of 14500*.
* Target calculation: 16000 – ( 17500 – 16000 ) = 14500
Dow Jones Singapore Index retreated Monday. 21-Day Twiggs Money Flow below zero warns of medium-term selling pressure. Failure of support is likely and would offer a target of 200*.
* Target calculation: 220 – ( 240 – 220 ) = 200
Dow Jones India 30 Titans Index is headed for another test of support at 152. 21-Day Twiggs Money Flow holding below zero indicates selling pressure. Failure of support would warn of a down-swing to 136*.
* Target calculation: 152 – ( 168 – 152 ) = 136
Dow Jones Singapore Index is testing the band of support between 220 and 215. Low volume indicates weak support. Failure of 215 would offer a target of 200*.
* Target calculation: 220 – ( 240 – 220 ) = 200
The DJ Total Stock Market (formerly DJ Wilshire) Index for India ($DWIN) gapped down on Monday’s open but closed with a long tail. Short-term buying is unlikely to withstand concerted selling pressure, signaled by 13-week Twiggs Money Flow below zero.
* Target calculation: 1820 – ( 1980 – 1820 ) = 1660
DJ Singapore also closed with a long tail, indicating short-term buying support — confirmed by higher volume. Again this is unlikely to withstand long-term selling pressure for more than a few days.
* Target calculation: 220 – ( 240 – 220 ) = 200
