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 :)