Market Update: 23 March 2014

This week. Let us review the same index on DJI, HSI, and STI plus review back all the counters which i mentioned on 12 march 2014.

DJI: By looking @ DJI, that long wick candlestick should tell you something for the upcoming week. We need another bearish candle to come in and act as a confirmation after that shooting stars candlestick.

HSI: Remember on the 9 march I did indicate to monitor closing after HSI showing pendant triangle? As for now under weekly chart, Hammer candlestick formed. Will this act as a trend reverse?

STI: Fake candlestick on the 20th March? Anyway STI maybe in ranger mood till either side of the green circle breakthrough. (very high chance it may go up next week if all the 3banks showing pullback sign)

YZJ: Nth much to say. consolidate and supported by 200d MA. If you not feeling confident to hold on to your short position, Just book in your profit. Money in pocket will never be wrong.

UOL: For those who trigger their short @ $6, You remind to watch this counter closely. Since there are sign of bullish candle showing for the last few days. It may be trying to form inverse H&S as $6.22 maybe the resistance line.

Cordlife: For those who have trigger directly after i mention on my blog the next following day. I hope by now you have already cut lost this counter @ $1.18. I'm sorry for the bad call.

Unionmet: Yet another bad call. I'm still trying my best to practice on penny counter.

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

Overall: From the charts, as you can see i do not own a crystal ball to tell me what will happen in the coming week. All i have to do is strictly follow my trading plan and react as what the candle show and tell us. I'm sorry for those who have follow and triggered the bad trade.

Stock chart: YangZiJiang/UOL/Unionmet/Cordlife

YZJ: Dear readers, so did you follow the trade? Congrats for those who trigger the trade after $1.1 is break. Our first target will be reaching real soon @ $1.055. In the mean time, I will shift down my SL to $1.12 or BE if you feel unsafe. Lets pray it will reach our final target :)

UOL: Trade solely base on bearish trend line. Those who wish more confirmation can wait till $5.88 break down & those who are more willing to take risk able to enter straight.

Cordlife: Finally breakdown $1.16. Will this be the first sign showing bear have board this counter?
Enter @ any price you like, SL strictly @ $1.18

Unionmet: This is strictly for me to practice and monitor more on penny counter. I never like pennies but i'm willing to practice and love it more. SL: $0.061. The rest is up to individual RR.

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

Overall: STI seem like having hard time to break through 200d MA. Be ware if you intend to long any counter. As for IndoAgri which i pointed out on my last post, I will remove the counter and continue to monitor more before enter. Cos 0.965 seem hard for it to reach and break.