The coming correction and the equities to buy

Profit-taking, which starts last week, should continue this week. But, I believe the uptrend is definitely intact, AND THEREFORE OPPORTUNITIES AHEAD. The counters to look at

IR Beneficiaries TP
SMRT 4.26
SATS (I currently have this in my long-term portfolio) 3.00
SIA ENGR 3.50
UOL 4.52

Commodities
SAR 3.50
Wilmar 7.30


OIL
SEMBMAR
Swiber (currently in my long-term portfolio)
PEC
EZRA
MERAID

Of these, my preference is SAR.
Currently, it is still retracing from its upmove. Stochastics is pointing downwards, parabolic SAR is red, indicating more downside. Supports at 2.49 and 2.42 (Fib 61.8% and 50% respectively). Buy would be when candle-stick action supports a bounce off from these levels.


If price fall to 2.40, then the plan would be to:

Buy 1200 shares
SL: 2.05
TP1: 2.75
TP2: 3.45