I'm away kind of busy for the past 2 week. Sorry for not updating my blog.
Anyway sell in "May" and go away coming soon. Should we be more careful for the upcoming months with all reports coming in too?
Lets us review for the upcoming week.
HSI: Congrats to those who hold all the way till the final target $22611. Currently there is no sign where will HSI head next, however i still believe it will float between the 3 target price which I kept mention since the last time.
STI: The last target I given was STI heading towards 3200. However it go way beyond the target price. Currently STI is too high for you to catch in now. As we know reports coming in, maybe it may somehow affect and pull down STI if the reports are bad. The best to re enter long position will be @ the shaded green area which is very near to the support area.
Genting SP: I have been pointing out Genting SP again & again. Maybe is time to look into this lagged counter. Well support @ $1.29/$1.3. Currently forming double bottom. Will be good if it break $1.345 with volume. Is always good to catch the price before it run, however do plan for your RR.
GLP: Make a mistake by setting the SL base on the candle body but not the candle wick. However I'm still happy that i could spot out the consolidation pricing before it ran. Congrats for those who SL didn't trigger and able to profit from this counter :)
SembCorp: I believe there are people out there looking for counter to short since they believe "sell in may" coming soon and with the pullback from STI, Sembcorp will be a good counter to consider.
$5.5 act as strong resistance for this ranging counter.
Overall: As we know recently properties have been bullish since after commodities. Next will it be marine or any other sectors to take over? Perhaps you may like to pay some attention on counters such as (vard, cosco, Nol, Mermaid)
Remember not to chase price (such as properties counter cos it's kind of late)
You are remind to trade base on your own risk. Plan and Trade well :)
