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 :)