Market Update: 30 Nov 2014

Hi guys, been quite busy recently. (Due to exam). However still wish to be discipline to update my blog as regularly as possible. Last week biggest news shall be OPEC. Decide the future of the oil price! So I guess most of the investor/trader should know that crude oil drop below $70 while most of the oil counters plunge badly! So who are those who actually benefit while oil price drop below $70? Retailer? (Don't seem so because petrol price never drop eventually) However counters that related to oil such as "SIA" have been really bullish! Plus a little push on tigerair share price too. (Why? = Due to oil price cheap, expenses for SIA = low, Earning increase =UP, Stock go bullish).
So which counters shall be the next upcoming that will be benefit from the drop of oil price? Let see from the chart. I will be sharing with one of the counters.

 STI: Closed on 3350 as i predicted! As for now, No direction. Shall wait for the next move.

Jardine C&C: Will it hit my next target @ $43? For those who eying @ $44.55, beware as the last target is the hardest.

Haw Par: Seem good to go. Back on the bullish trend? 

Entry $8.61, 

TP: $8.78

SL: $8.55

NOL: So this shall be the next counter which benefit from the plunging of the oil price. 

As you can see YZJ having been bullish for quite some time, NOL started to pick up the steam of it. 

Do monitor closely for those who are keen to hop onto this ride. Plan wisely and you will be safe cruising with it )

Overall: My last few counter have manage to hit my TP (genting successfully hit $1.15, Breadtalk, Jardine C&C)

Now left venture & M1. Both counters still in play, As the chart look completely valid as till now! 

Those who are going anti trend O&G counters, becareful! 

You will never know when will OPEC host for the next meeting. 

Meantime, I believe oil will continue to fall perhaps hitting $65/$60/barrel.

Enjoy shorting O&G counters. People who are interested to short US Oil counters, take a look at COP and CJES.

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

Market Update: 22 Nov 2014

Hi GUYS!! (HAPPY PROFITING LAST WEEK?)

What a great start for the first week after 1year of journey over here. Hitting 100% trading call! So happy but not to be over contented. Because trading is a journey. Always stay humble and have the mentality to learn more. Anyway I shall have a quick update over my last week recommendation including introduce 2counters which im monitoring currently. I have quite number of counters on hand but yet not ready to share.

STI: Only 3point away from my target last week. But anyway I believe my target will trigger for this coming week. Perhaps our next target will be @ 3380.

Jardine C&C: So did anyone of you follow my trading call last week where i mention to enter @ $40 if possible? Happy profiting for those who follow! Do a trailing stop if you believe it will hit the next target @ $43. As for me, Jardine may be dancing around the FIBO 50% & 61.8% range.

Genting SP: Anyone huat from Genting SP? Catching the reversal? Rob Genting SP if you kena rob by them in the casino! ^^. Those who are still inside this counter, maybe can try to aim for the next target @ $1.15

Breadtalk: The first counter which let me smile for the week!! First day hit my profit after recommending over the last sunday. Anyone Huat from this LOTI counter? ^^

 M1: Have been monitoring this counter closely last week. Didn't manage to catch pullback. However I believe the underlying strength in M1, looking for an opportunity to enter. Do your own trading plan! I stated my TP only in the chart :)

Venture: Double btm! (invalid if it break the second low)
Entry once it break $7.73 or within the ascending triangle.
TP: $7.8/$7.9/$7.97
SL:Do your own risk management.


Overall: There are number of people asking my strategies. How do I do my charting, TP, SL and entry point. However it is hard to explain, because sometime the longer you do your own charting, you create a invisble bond between you and the chart. Somehow you know how the way it move. There are number of counters currently in my watchlist. However the timing may not be right yet for me to share. If you do wish to monitor together, here is some of my list: Yanlord (up), Sino Grandness (up), UE E&C (up)

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

Market Update: 16 Nov 2014

Hello Everyone!
Officially step into second year of my trading journal. Hopefully, I’m able to achieve better results than last year. Since it is only my second year of trading journal, I will remain my risk appetite ($200/counter) and continue to eye for high probability counters with good Risk Reward. I will still remain in SGX equities before shifting myself into US market. (I know Alibaba is yummy, ^^)

So I shall begin with my usual market update. I will be going through HSI, STI and some counters with my entry position and counter which have to beware of.

 HSI: I guess many readers may have aware of the "Hong Kong–Shanghai Stock Connect Program". Perhaps this will act as a "redbull" to HSI for the coming week. Eying HSI to reach 24700 before the final target at 25200. People who wish to speculate in HSI index, beware of the "redbull" in town.
 

 STI: Eying STI to hit 3350 in the coming 1-2week time. However if STI drop back below 3250, we will fall back to 3200 and the bullish sign will be invalid.

Breadtalk: Bread is getting expensive nowadays. No wonder their Q3 Net profit up 15.6% this year. Anyway, i have set my entry exit and tp price in the image. Hopefully it turn out to be a good one. (Volume is needed for this game plan)

 Jardine C&C: Elephant counter in SGX. Currently the pricing is floating around 50% Fibo in year 2014.
However the weekly chart showing lots of hammer candlesticks. I'm eying for it to hit the next FIBO level at 61.8% and believe it will hit 78.6% eventually.
SL: $39 (Is a MUST!)

 Genting SP: What is wrong with this counter. So bearish! Will it be kick out from the mainboard next year? Anyway i'm calling to go long in this counter. It is an Anti-Trend playing. *BEWARE*
Super high risk counter to go anti-trend. However I manage to get some signs that it may reverse or perhaps we shall say as "technical pullback?"Anyway Strict and tight SL is needed for this counter!!
SL: $1

SATS: Weekly chart! 2Q15 Net Profit down 3.3% to S$47.1 Million. Will it because of this causing SATS to go bearish? Anyway SATS manage to close below 100W MA. I believe more room to fall in this counter. Do watch out that "The Board of Directors has declared an interim dividend of 5 cents per share, payable on 12 December 2014. The book closure date is 1 December 2014" Maybe after getting the dividend in Dec,   the major shareholder will throw white towel and this counter will start plunging down? (No call from me, just monitoring)

Overall: Hopefully people who follow my blog closely manage to gain some positive results in their portfolio. I have fine tune my strategy and hope that it will help me to achieve a better result this time round. Still working on my basic TA sharing session or perhaps shall call it a basic session for beginners who wish to enter into finance world and start their own investing. (Saving could no longer help us to get out from the rat race, something gotta be done!)

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

Trading History Updated

Just manage to summarize out all my trade history mainly on SGX Equity counters. My blog is officially 1yr old since the start of year 2013. Not really satisfy to achieve only 65% accuracy but got to be contented that it is still in the positive zone. I strongly believe in Quality than Quantity recommendation. So i only will post and recommend those which i feel confident. If not i will skip the boat than capsize my own portfolio. Not a bad return after all for a person like me who is working full time & taking part time degree at the same time. I guess the return is much better than putting into any saving plan or inside any banks returns. Overall strongly and strictly stick to your game plan if you are trading.

Discipline is required to achieve a positive result in the long term run.