Wednesday 5 February 2014

Stock chart: YangZiJiang/THBEV/SuntecReit

YZJ which i mentioned before CNY. Double top formed. First target achieved @ $1.125. Currently we will see whether it able to reach the next target @ $1.04/$1.025.

THBEV also one of the counter i pointed out before CNY. No reason not to short it. First Target which i mentioned $0.505 achieved! Now heading to see whether can hit $0.495 (good volume) follow by $0.475 (why $0.475, just change your chart to monthly and you will know)

SuntecReit is been resisted by 200d MA. Thou past few days candlestick may seem bullish on this counter, however will it be due to news and cum-dividend whereby it lure all retailer to earn the dividend and since after Ex-D, all money start to flow out?

Overall summary, Since last week where STI start to dive down the deep well, we can short mostly all counters. However now STI still going lower, will it be safe enough to chase any short position or wait till a decent pullback? No matter what decision, You are remind to trade base on your own risk. Plan and Trade well :)

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