Market Update: 25 May 2014

Hi Guys,

I'm so sorry that missed my last week market update due to my Uni started. However I will try my best to update per week if time permit.
By June, I will do a round up from the start of my first post to now, how many entry did i manage to enter correctly. Have received some email asking about some basic TA sharing session and trading calls. I will find one super free day to revamp my blog to their request.
Anyway lets us look at some chart for the following week. I have include 2 forex chart this time round and some Pennies counters. Stay tune :)

STI: Since my last STI post to now, it has been floating side way. However bull seem like going to overtake anytime this week. Please do watchout for the breakout.

HSI: I still strictly stick to my 3 figure for HSI. Currently base on weekly chart, High chance that HSI will hit 23510 in the following week to form higher high. But question is "will it able to close or touch and reverse?" Do monitor closely. Once if it close above, it will be quite bullish.

AusGroup: GAP covered! Showing sign of rebound soon! Watch out for the volume to determine the trade.

SinoGrandness: Since 2013 it have been floating sideway. Will you dare to eat up this good RR counter? Manage your risk wisely if you are keen!

Supergroup: Since after XD, Supergroup have been falling freely. Currently forming "erm" so call bear flag. However it is still waiting for the 1-for-1 news to release before another free fall. Let see how powerful the news will be :)

Tat Hong: Most of my counters always wash me out before it ran the direction i pointed out -.-"
Still rmb i mentioned entry @ $0.82 and cut @ $0.795? Lesson Learn! Setting the right Stop lost is a skill!!

AUDSGD: I'm showing weekly forex chart to show the direction of the currency. If you wish to trade. It will be wise to short than long for this pair. However do not ask me where is the best price to short. I do not hold any crystal ball to foreseen it. Just manage your position and stop lost wisely & you will be safe.

EURUSD: Break below the resistance line. Showing 3black candle on weekly chart. This is a very bearish sign to short this pair! However trading with forex on weekly chart mean you have to hold onto the position. Please becareful any news release for the following week which may cause some spike movement. Just look into my forex calendar to keep yourself updated.


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

Market Update: 11 May 2014

Hi guys,

Congrats to those who profited from United Engineer and sorry to those who triggered on GuocoLeisure and waited at the target price area.
Gonna update quite number of counters and hopefully can huat big big on it next week :)

STI: Showing no clear sign which way will go. However two figures to watch out. Either side break will show bear/bull to take place.

Boustead: Weekly chart showing some repeated candle. Is always wise to trade with the trend. So if you wish to enter this counter, do rmb to cut once $1.835 breach.

Ezra: Showing descending triangle. Soon either bull or bear will take place! Do monitor carefully if you are keen in this counter.

Osim: As i mention before, it is always wise to trade with the trend. So rmb to buy when it dip. However how do we know whether it done with the dip or will it continue to fall. Do study carefully the chart i plot. It should show some sign of strength before we confirm the bull remain intact.

Tat Hong: Wish to try on penny counter once again. Friday closing showing a good vol sign. Hopefully it will burst over the next few days. Do monitor carefully!

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

Quick Update: 07 May 2014

Hi guys,
Mid of the week. Let us review some of the counter.

HSI: Hit the first target. Now we shall see whether the bear continue to go lower to hit the next target.

GuocoLeisure: Did you trigger @ $0.955? going to hit the first target. Remember profit in pocket nv go wrong. If you do not wish to take any risk, once it hit the target, take the profit!

United Engineers: Trigger @ $2.21. Going to hit our first target!

 Genting SP: Did you sell high buy low? Ranger mode playing style! Thou Genting release good result, but the price didn't go higher! Still in ranging mode. Rmb to set tight stop lost if you are playing with it.



Overall: Thou STI have been down for last 2days, how strong counters will still find their way to go bullish. This is just a quick update for those who have been following my trade and profit from it. Congrats to those who trigger :)

(for Super Group still going tight range, However XD coming soon! Beware!!!)

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

Market Update: 04 May 2014

Sell in May & Go away? Sound familiar?
I bet everyone have been keep on repeating this to stay away from the market.
So does "sell in May" come true? If yes, will STI start to drop back towards 3200?
Lets review the chart

 STI Weekly chart: As you can before "sell in May" reach, STI was on the bullish trend till end of Apr and Start of May formed 2 doji candle. This 2 doji beside factor in the rumor and also included those good/bad earning reports. If STI able to break 3280 with good vol, we shall target for 3310. If not 3200 follow by 3180 will still remain as the support.

HSI: Did mention earlier that no indication where HSI will go to. As for now, if 22080 break, lets target 21670. As i believe HSI still floating within the 3price range given way earlier.

Genting SP: Did mention if it break $1.345, our first target will be $1.39. However the price drop back after hitting $1.365 (the most) perhaps due to euro news? As for now, last friday price closed below both 20/50d MA. We shall monitor this carefully. For those who still keen to long genting, try to long @ the price near the stop lost. Maybe price range around $1.3-$1.310 will be good enough.
If $1.29 give way, Please cut!

 

 GuocoLeisure: Trade with Moving average. Use 20d MA as the support. Tight Stop Lost is needed!

SuperGroup: Currently forming Bollinger Squeeze. Waiting for 9th of May dividend to decide the direction and please do watch out on 26th of May offering 1 for 1.

United Engineers: Trade with 20d Ma as support. Last friday candlestick may show as a reversal sign. Pay attention for those who keen on this counter

Overall: Earning report is over, May rumor is here, Most counter giving out dividend. Price may swing from one end to another. So please do trade carefully. If you are not sure and no confident on "MAY" market, take a break and go relax :)

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