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 :)














 

Market Update: 28 June 2014

OMG!

I didn't realize time flies without me knowing. Almost 1month i didn't update my blog at all. Im SOOOO sorry to those who following me. I'm really busy on my Uni Mid term recently plus going through second surgery due to some complication on my first operation. Next will be facing through my Exam on August plus going to start my new job on the coming July. My schedule is really really very tight and pack. However I will never forget to squeeze out spare time every weekend (if possible) to update my blog. I treat this blog seriously as it is part of my trading journal. Without further ado let go through some charts for the up coming week.

STI: NO clear direction as for now. STill floating sideway. Thou from the chart, you can see it have touched the "red trend line", however it doesn't show a sign of bullish at all. Turn the chart to weekly, you can see a bearish engulfing. My advise, No action on STI till further clear direction show.

HSI: Have a very nice trend trading. It applied for those who trade HSI future too. Just follow the trend and place your Stop lost tight will do :)

Congent: Climbing stairs counter. Entry @ $0.455, SL $0.43/$0.435

Ezion: Just a reminder for those long term Ezion investor. Since after so long, Ezion have once again trade under 200d MA. Does it show a bearish sign for Ezion? Beware.

Tat Hong: I do remember introduce this counter before. What a nice climbing stairs counter. Are you keen to climb together?

SGX: Everyone watching WORLD CUP? No one have mood to trade the market. However it maybe a good time for those who trade side way. Buy low, Sell high.


Overall: World Cup make the market boring especially on STI. Most of the counters are trading side way. However there are plenty of opportunity to earn (futures/forex) depending what type of trader/investor are you. I will like to apologize in advance if i really got no time to update my blog due to my work and part time Uni. However for those who have questions or keen to learn more about TA. Feel free to drop me an email. I will reply you ASAP.


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