Market Update: 21 Dec 2014

Hi all. How is everyone December 2014 holiday so far? Definitely I didn't have a chance to go on holiday due to exam after exam. But I'm happy of what I'm currently doing.
Probability Technical Analysis will like to take this chance to wish everyone Happy Merry Christmas 2014 and hope everyone have received their Xmas Gift from the market. Thanks for supporting my blog which is almost more than a year and do continue to support me. I will definitely give my best view on the market as possible.

Alright, we shall next move into the trading floor once again. Oil have been plunging badly to $55/barrel. STI going up and down between 40 to 70 pts per day. Is Market is going volatile or due to Capricorn effect or year end rally? Stay away if you are not clear. Go enjoy your holiday & prepare for the year 2015 which many people not looking good in the economy.

I'm currently looking at this 2 position. HSI index and first resources. I have closed all other position which I recommend over my blog. SL triggered. :( [no worry]

Let see the following charts for the 2 counters.

Happy Merry Christmas..!! HUAT AR!!

HSI: Stated my call in my FB. As you can see from the weekly chart. It show the technical rebound after the candle touched the support line.
SL @ 22350
Target 23900

First Resources: I have stated the sell call in my FB too. Once after First Res break below $1.8, Just short. TP: $1.65/$1.5

Overall: Received number of msg asking whether do I conduct any courses. Yes I do, but only in 1-1 session

Currently I'm drafting my courses program outline to share with everyone of you. Do stay tune if you are interest.

You are remind to trade base on your own risk. Plan and Trade well :)

Market Update: 30 Nov 2014

Hi guys, been quite busy recently. (Due to exam). However still wish to be discipline to update my blog as regularly as possible. Last week biggest news shall be OPEC. Decide the future of the oil price! So I guess most of the investor/trader should know that crude oil drop below $70 while most of the oil counters plunge badly! So who are those who actually benefit while oil price drop below $70? Retailer? (Don't seem so because petrol price never drop eventually) However counters that related to oil such as "SIA" have been really bullish! Plus a little push on tigerair share price too. (Why? = Due to oil price cheap, expenses for SIA = low, Earning increase =UP, Stock go bullish).
So which counters shall be the next upcoming that will be benefit from the drop of oil price? Let see from the chart. I will be sharing with one of the counters.

 STI: Closed on 3350 as i predicted! As for now, No direction. Shall wait for the next move.

Jardine C&C: Will it hit my next target @ $43? For those who eying @ $44.55, beware as the last target is the hardest.

Haw Par: Seem good to go. Back on the bullish trend? 

Entry $8.61, 

TP: $8.78

SL: $8.55

NOL: So this shall be the next counter which benefit from the plunging of the oil price. 

As you can see YZJ having been bullish for quite some time, NOL started to pick up the steam of it. 

Do monitor closely for those who are keen to hop onto this ride. Plan wisely and you will be safe cruising with it )

Overall: My last few counter have manage to hit my TP (genting successfully hit $1.15, Breadtalk, Jardine C&C)

Now left venture & M1. Both counters still in play, As the chart look completely valid as till now! 

Those who are going anti trend O&G counters, becareful! 

You will never know when will OPEC host for the next meeting. 

Meantime, I believe oil will continue to fall perhaps hitting $65/$60/barrel.

Enjoy shorting O&G counters. People who are interested to short US Oil counters, take a look at COP and CJES.

You are remind to trade base on your own risk. Plan and Trade well :)

Market Update: 22 Nov 2014

Hi GUYS!! (HAPPY PROFITING LAST WEEK?)

What a great start for the first week after 1year of journey over here. Hitting 100% trading call! So happy but not to be over contented. Because trading is a journey. Always stay humble and have the mentality to learn more. Anyway I shall have a quick update over my last week recommendation including introduce 2counters which im monitoring currently. I have quite number of counters on hand but yet not ready to share.

STI: Only 3point away from my target last week. But anyway I believe my target will trigger for this coming week. Perhaps our next target will be @ 3380.

Jardine C&C: So did anyone of you follow my trading call last week where i mention to enter @ $40 if possible? Happy profiting for those who follow! Do a trailing stop if you believe it will hit the next target @ $43. As for me, Jardine may be dancing around the FIBO 50% & 61.8% range.

Genting SP: Anyone huat from Genting SP? Catching the reversal? Rob Genting SP if you kena rob by them in the casino! ^^. Those who are still inside this counter, maybe can try to aim for the next target @ $1.15

Breadtalk: The first counter which let me smile for the week!! First day hit my profit after recommending over the last sunday. Anyone Huat from this LOTI counter? ^^

 M1: Have been monitoring this counter closely last week. Didn't manage to catch pullback. However I believe the underlying strength in M1, looking for an opportunity to enter. Do your own trading plan! I stated my TP only in the chart :)

Venture: Double btm! (invalid if it break the second low)
Entry once it break $7.73 or within the ascending triangle.
TP: $7.8/$7.9/$7.97
SL:Do your own risk management.


Overall: There are number of people asking my strategies. How do I do my charting, TP, SL and entry point. However it is hard to explain, because sometime the longer you do your own charting, you create a invisble bond between you and the chart. Somehow you know how the way it move. There are number of counters currently in my watchlist. However the timing may not be right yet for me to share. If you do wish to monitor together, here is some of my list: Yanlord (up), Sino Grandness (up), UE E&C (up)

You are remind to trade base on your own risk. Plan and Trade well :)

Market Update: 16 Nov 2014

Hello Everyone!
Officially step into second year of my trading journal. Hopefully, I’m able to achieve better results than last year. Since it is only my second year of trading journal, I will remain my risk appetite ($200/counter) and continue to eye for high probability counters with good Risk Reward. I will still remain in SGX equities before shifting myself into US market. (I know Alibaba is yummy, ^^)

So I shall begin with my usual market update. I will be going through HSI, STI and some counters with my entry position and counter which have to beware of.

 HSI: I guess many readers may have aware of the "Hong Kong–Shanghai Stock Connect Program". Perhaps this will act as a "redbull" to HSI for the coming week. Eying HSI to reach 24700 before the final target at 25200. People who wish to speculate in HSI index, beware of the "redbull" in town.
 

 STI: Eying STI to hit 3350 in the coming 1-2week time. However if STI drop back below 3250, we will fall back to 3200 and the bullish sign will be invalid.

Breadtalk: Bread is getting expensive nowadays. No wonder their Q3 Net profit up 15.6% this year. Anyway, i have set my entry exit and tp price in the image. Hopefully it turn out to be a good one. (Volume is needed for this game plan)

 Jardine C&C: Elephant counter in SGX. Currently the pricing is floating around 50% Fibo in year 2014.
However the weekly chart showing lots of hammer candlesticks. I'm eying for it to hit the next FIBO level at 61.8% and believe it will hit 78.6% eventually.
SL: $39 (Is a MUST!)

 Genting SP: What is wrong with this counter. So bearish! Will it be kick out from the mainboard next year? Anyway i'm calling to go long in this counter. It is an Anti-Trend playing. *BEWARE*
Super high risk counter to go anti-trend. However I manage to get some signs that it may reverse or perhaps we shall say as "technical pullback?"Anyway Strict and tight SL is needed for this counter!!
SL: $1

SATS: Weekly chart! 2Q15 Net Profit down 3.3% to S$47.1 Million. Will it because of this causing SATS to go bearish? Anyway SATS manage to close below 100W MA. I believe more room to fall in this counter. Do watch out that "The Board of Directors has declared an interim dividend of 5 cents per share, payable on 12 December 2014. The book closure date is 1 December 2014" Maybe after getting the dividend in Dec,   the major shareholder will throw white towel and this counter will start plunging down? (No call from me, just monitoring)

Overall: Hopefully people who follow my blog closely manage to gain some positive results in their portfolio. I have fine tune my strategy and hope that it will help me to achieve a better result this time round. Still working on my basic TA sharing session or perhaps shall call it a basic session for beginners who wish to enter into finance world and start their own investing. (Saving could no longer help us to get out from the rat race, something gotta be done!)

You are remind to trade base on your own risk. Plan and Trade well :)

Trading History Updated

Just manage to summarize out all my trade history mainly on SGX Equity counters. My blog is officially 1yr old since the start of year 2013. Not really satisfy to achieve only 65% accuracy but got to be contented that it is still in the positive zone. I strongly believe in Quality than Quantity recommendation. So i only will post and recommend those which i feel confident. If not i will skip the boat than capsize my own portfolio. Not a bad return after all for a person like me who is working full time & taking part time degree at the same time. I guess the return is much better than putting into any saving plan or inside any banks returns. Overall strongly and strictly stick to your game plan if you are trading.

Discipline is required to achieve a positive result in the long term run.

Market Update: 16 Oct 2014

Hello everyone. Is been two week since my last update. However i did recommend some counters in my Facebook for people to monitor and trigger a position. Those who added my facebook and manage to profit from there, Congrats to you guys. Thanks for the trust and follow my call. :)
Anyway just a short update for the 2 counters i recommended in my blog and facebook.

YZJ: Pointed out this counter on the 1st Oct 2014. Successfully reached the first TP @ $1.11, Waiting for the next TP to come by @ $1.085. Last TP i wanna add in @ $1.06 to $1. (Rmb last target only if you know how to manage it)

SuntecReit: Weekly chart!! Those who know how to read chart, I believe the candlestick tell you a story! How many week of Shooting stars / Pin Bar? Market is so bearish, if you miss all my previous post, Why not try out this counter! I believe this is a lagger counter which haven explode to the south zone. Watch closely and you may strike an attractive rewards :D

Overall: All market have been dropping crazily, especially euro market. (Dax). Now DJI which is the most stronger counter which kept resisted by 50W MA also break down and go into south zone. Nevertheless, it apply to Nikkei and HSI too! What else is there to say? Still feeling bullish or perhaps like what everyone else keep shouting is just only a pullback? Is your own money, your own call!

You are remind to trade base on your own risk. Plan and Trade well :)

Market Update: 01 Oct 2014

Hi Guys. Sorry for the long waiting. I'm back to update my blog again. Going through those counters i recommended on my previous market update and plus introduce one addition counter.
But anyway, previously i did mention about revamping my blog and provide some basic TA sharing session.
I guess I will revamp my blog first over this weekend, and in the mean time, I’m currently working with my friends to plan how to conduct the basic TA sharing sessions. Perhaps this session ideally target those people who start and keen to learn how to trade using TA. Of course, it does include and cater for different category of levels. We do not wish to waste your time going through those basic again & again. We are still planning and hope it will be on live ASAP. Those beginner or those who wish to learn my trading style, just drop me a email to find out more :)

Let's move on to the charting :)

STI: As mentioned before base on that two candlestick. Does it prove the theory of TA? Target hitting soon!

Ezra: Hit my second Profit! Happy like Mad :) ~~~ Did you follow my call?

Keppel Land: Wa sibei heng! I did mentioned if only it closed below $3.4 then short it. So trade invalid!

Noble: Sad Baby! When it first break below $1.35, it dropped all the way to $1.305!!!! only $0.005 away from my first profit. End up I have to cut lost in my counter. But that is part and parcel in trading life. You gotta be strict in your plan to survive :)

SMRT: Be ware and watch out! the golden cross didn't work out. It back to ranging mode! Monitor closely if you are still inside :)

YZJ: This is the counter im currently eying on! H&S forming at the top channel! Monitor closely if you wish to catch this big fish! Overall market seem bearish plus the riot in HK! This should be the next counter zooming south!! :)

Overall: There are lots of index currently oversold and at all time high. No one dare to Long and waiting for a major news or hero to short the index. Those who are not well equip, kindly remain sideline from the market before you get burn. My friend and I will be eying to start our small noobie courses to prepare others for the coming year 2015. Those who are interested to join our polite session, Just drop me an email. I will provide more detail to you personally. :)

You are remind to trade base on your own risk. Plan and Trade well :)

Market Update: 31 Aug 2014

Hello everyone.
OMG. TIME FLIES~~ Its been almost one month since my last post. Really busying. However not to forget to work life balance. Flying off to boracay this week. Can't wait to enjoy myself on the beach listening to the sea breeze ^^

Anyway market have been bullish even after a slight correction when DJI falling to 16200. While everyone is shouting market going bearish, market keep creating a new market high record! So beware when trading. Trade we tight stoplost. You might not know the moment when you enter long, is the moment when the turning point take place :)

Let us review some charts and how STI will perform for the coming week :)

STI: WOW! Those who practice TA should know a clear answer by looking at the candlestick itself! STI weekly chart showing 2 shooting stars! How to long? Beware!!!

 Ezra: Will be closely monitoring this counter! Patiently waiting for a clear signal to short it. However if overall market still feeling bullish, just wait till the right time to come :)

 Noble: Triple top? $1.35 is really a tough nut to crack it! But once it let go, we shall target $1.3 follow by $1.25 as final target! However watch out for certain confirmation signals such as break below $1.35 support, break below 100D MA & below the reversal candlestick :)

Keppel Land: Double Top? Wait for $3.4 to break and close below it! Follow the target as i plotted inside the chart.

SMRT: WOW WOW WOW! shoot up 63% in 3month! Can you believe how much strength it left?
SL: $1.59/$1.62
TP: $1.47/$1.43

Overall: Someone asked me "hey sean, Why all your chart so bearish de. all short?" Not because I choose to stand with the bear, but just bull (in STI) have been hugging with the market since Jan 2014. I feel that bull meat getting thinner compare to the bear meat. Market don't follow one way and i know is dangerous to anti-trend or catch the reversal trend. But as long as your reward-to-risk is well manage, you will be safe!.

If you guys got any questions. just simply drop me a email using "contact me", I will reply you ASAP :)

You are remind to trade base on your own risk. Plan and Trade well :)

Market Update: 27 July 2014

Hellooo Everyone!

 Selamat Hari Raya to all my Muslim friends and trader :)

Finally World Cup have come to the end and~~ Indeed Germany WON ^^ (Congrats to them).
This week I will only update back my old counters which i posted on 13july 2014. Once again 3/4 chart accuracy again! I shall try to go for 100% next time round :P
Will not introduce any new counters or update any index because i'm busy preparing for my upcoming exams 2week later. Anyway I will be back ASAP once my exam end. So remember to continue support me and stay tune :)

Raffles Medical: Did you follow my call? Happy profit! Target $4/$4.05 achieved! $$ Come $$ come :)

Ezion: Did you follow my call? Happy profit again! Target $2.08 achieved! $$ come $$ COME :)

SGX: Although i didn't give any profit target or any call for this counter, However I did mention do watch out after world cup end. Direction may come soon or later! Hopefully you guys manage to ride with this bullish bar :) (I treated it as success calling)

ST Engineering: What a Bad Call. Although $3.77 indeed break down and it went to the lowest of $3.73 before rebound. However i will still treat it as a bad call. Perhaps bullish STI caused ST engineering to go U-turn :(


Overall: Coming Monday will be Public Holiday (PH) and follow by FOMC plus NFP for the coming week. Let us take a break for this coming short week & Enjoy the festival with our Muslim friend.
I hope people who read my blog beside follow my trading call, you all able to learn and pick up something from here. Because I can't possibly go through all the chart daily. Counter such as Wilmar! Exactly same as SGX! Been sideway for last 3month and breakout last week. If you know how to see from the chart, profit is everywhere :)

Drop me a email if you keen to learn some basic skill. We shall plan together how things work out :)


You are remind to trade base on your own risk. Plan and Trade well :)

Market Update: 13 July 2014

Hi guys.

This week i won't be going through any Index chart because the last index chart i posted for HSI and STI still valid. Have to wait for world cup to end and wait for all BB to get back to track (trade) before knowing where will the market head to. Anyway the major counter we have over my last week i guess will be Ezion due to credit Suisse who target at $1.80 but yet i have pointed it out before the news happen. Will it be coincident or TA do really play a part in stock reading? Up to you to believe.
Anyway I will be going through some counters which i posted on 28 June and introduce some new counters.

 Ezion: I have indicated this counter turning bearish whereby after it trade below 200D MA during my last post. However as for now. Covering gap will be the next move before showing the next direction. People still believe Ezion is a good fundamental counter to invest. As for trader, we react base on the chart. Next target $2.08?

 Tat Hong: ROOFTOP or just taking a break before the next climb? In order for this counter to remain bullish, higher high is a must. Do watch out for that. Plan your entry wisely. Because when it formed higher high, that will be an expensive price to enter.

 SGX: Sideway trading. For people who love to scalp. Hopefully you profited from this counter :) But do careful because world cup ending. Direction may come out soon or later.

Cogent: Seem like a bad call for this counter. It break below the supporting trend line after forming a double top. My stop lost for this was at $0.43/$0.435. For those who set it @ $0.43 please monitor carefully. Of course I'm not god to get all my counter go into the right way which i chart for, However I will be happy out of 4 chart and i manage to get 3 right will do. Everyone should know hitting a 75% accuracy in TA is quite hard to achieve it. Hopefully no one get burn in this counter :(

 ST Engineering: H&S? Closed below $3.77 on friday which indicated a break below the supporting line. If you are keen in this counter, do plan your entry place nicely. My target for will be @ $3.7 

 Raffles MG: Bullish Engulfing with high volume. Showing sign of rebound? First target will be @ $4. Plan your position well for this counter. 

 The last counter to take note will be Ezra, However no chart will be posted till more confirmation. Do monitor it and learn to chart. (bull in the town)

Overall: Everyone is tired over the world cup. However it is ending after tonight. And im so happy Germany come to the final! GO GERMANY GOGOGO! :) :D
Hope everyone who "invest" in this soccer instrument did allow you to make some kopi $$. 


You are remind to trade base on your own risk. Plan and Trade well :)














 

Market Update: 28 June 2014

OMG!

I didn't realize time flies without me knowing. Almost 1month i didn't update my blog at all. Im SOOOO sorry to those who following me. I'm really busy on my Uni Mid term recently plus going through second surgery due to some complication on my first operation. Next will be facing through my Exam on August plus going to start my new job on the coming July. My schedule is really really very tight and pack. However I will never forget to squeeze out spare time every weekend (if possible) to update my blog. I treat this blog seriously as it is part of my trading journal. Without further ado let go through some charts for the up coming week.

STI: NO clear direction as for now. STill floating sideway. Thou from the chart, you can see it have touched the "red trend line", however it doesn't show a sign of bullish at all. Turn the chart to weekly, you can see a bearish engulfing. My advise, No action on STI till further clear direction show.

HSI: Have a very nice trend trading. It applied for those who trade HSI future too. Just follow the trend and place your Stop lost tight will do :)

Congent: Climbing stairs counter. Entry @ $0.455, SL $0.43/$0.435

Ezion: Just a reminder for those long term Ezion investor. Since after so long, Ezion have once again trade under 200d MA. Does it show a bearish sign for Ezion? Beware.

Tat Hong: I do remember introduce this counter before. What a nice climbing stairs counter. Are you keen to climb together?

SGX: Everyone watching WORLD CUP? No one have mood to trade the market. However it maybe a good time for those who trade side way. Buy low, Sell high.


Overall: World Cup make the market boring especially on STI. Most of the counters are trading side way. However there are plenty of opportunity to earn (futures/forex) depending what type of trader/investor are you. I will like to apologize in advance if i really got no time to update my blog due to my work and part time Uni. However for those who have questions or keen to learn more about TA. Feel free to drop me an email. I will reply you ASAP.


You are remind to trade base on your own risk. Plan and Trade well :)