SINGAPORE STOCK MARKET - POTENTIAL REBOUND IN-SIGHT?

After the recent sold down, more and more stocks are "finally" reaching oversold levels....this is something i have been waiting for since i prefer to set my position "only" when i see more stocks hitting oversold levels. Below are some of them :

RSI & Stochastics oversold :
1. UTAC
2. China Milk
3. Gallant Venture
4. Longcheer

Stochastics oversold (very long list....good sign, will just mention a few)
1-4 As above
5. Luzhou
6. Biosensor
7. Sky china
8. Jiutian
9. Landwind
10. Hengxing
11. Bright World
12. C&O
13. ChinaLife
14. China paper
15. Reyoung
16. Ferrochina
17. China sky
18. China Dairy
19. Technics
20. Fungchoi
21. DMX
22. Federal
23. Memory Devices

As u can see, the oversold list is quite long and this is actually a good sign since many HOT china stocks have moved very RAPIDLY from overbought levels to oversold levels. Historically, when we see just a rapid swing, the probability of a quick rebound is high.......we just need a catalyst......so watch US market or Japan market movements. Also watch for intraday breakout signals.

In the next 1to3 days, there is a good chance that some of the stocks mentioned above will see a nice technical rebound.....if u happen to pick any durians, remember to take profit since this is a techical rebound!!