Sunday, 11 May 2014

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 :)

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