Market Update: 21 Dec 2014

Hi all. How is everyone December 2014 holiday so far? Definitely I didn't have a chance to go on holiday due to exam after exam. But I'm happy of what I'm currently doing.
Probability Technical Analysis will like to take this chance to wish everyone Happy Merry Christmas 2014 and hope everyone have received their Xmas Gift from the market. Thanks for supporting my blog which is almost more than a year and do continue to support me. I will definitely give my best view on the market as possible.

Alright, we shall next move into the trading floor once again. Oil have been plunging badly to $55/barrel. STI going up and down between 40 to 70 pts per day. Is Market is going volatile or due to Capricorn effect or year end rally? Stay away if you are not clear. Go enjoy your holiday & prepare for the year 2015 which many people not looking good in the economy.

I'm currently looking at this 2 position. HSI index and first resources. I have closed all other position which I recommend over my blog. SL triggered. :( [no worry]

Let see the following charts for the 2 counters.

Happy Merry Christmas..!! HUAT AR!!

HSI: Stated my call in my FB. As you can see from the weekly chart. It show the technical rebound after the candle touched the support line.
SL @ 22350
Target 23900

First Resources: I have stated the sell call in my FB too. Once after First Res break below $1.8, Just short. TP: $1.65/$1.5

Overall: Received number of msg asking whether do I conduct any courses. Yes I do, but only in 1-1 session

Currently I'm drafting my courses program outline to share with everyone of you. Do stay tune if you are interest.

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 :)

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 :)

Market Update: 25 May 2014

Hi Guys,

I'm so sorry that missed my last week market update due to my Uni started. However I will try my best to update per week if time permit.
By June, I will do a round up from the start of my first post to now, how many entry did i manage to enter correctly. Have received some email asking about some basic TA sharing session and trading calls. I will find one super free day to revamp my blog to their request.
Anyway lets us look at some chart for the following week. I have include 2 forex chart this time round and some Pennies counters. Stay tune :)

STI: Since my last STI post to now, it has been floating side way. However bull seem like going to overtake anytime this week. Please do watchout for the breakout.

HSI: I still strictly stick to my 3 figure for HSI. Currently base on weekly chart, High chance that HSI will hit 23510 in the following week to form higher high. But question is "will it able to close or touch and reverse?" Do monitor closely. Once if it close above, it will be quite bullish.

AusGroup: GAP covered! Showing sign of rebound soon! Watch out for the volume to determine the trade.

SinoGrandness: Since 2013 it have been floating sideway. Will you dare to eat up this good RR counter? Manage your risk wisely if you are keen!

Supergroup: Since after XD, Supergroup have been falling freely. Currently forming "erm" so call bear flag. However it is still waiting for the 1-for-1 news to release before another free fall. Let see how powerful the news will be :)

Tat Hong: Most of my counters always wash me out before it ran the direction i pointed out -.-"
Still rmb i mentioned entry @ $0.82 and cut @ $0.795? Lesson Learn! Setting the right Stop lost is a skill!!

AUDSGD: I'm showing weekly forex chart to show the direction of the currency. If you wish to trade. It will be wise to short than long for this pair. However do not ask me where is the best price to short. I do not hold any crystal ball to foreseen it. Just manage your position and stop lost wisely & you will be safe.

EURUSD: Break below the resistance line. Showing 3black candle on weekly chart. This is a very bearish sign to short this pair! However trading with forex on weekly chart mean you have to hold onto the position. Please becareful any news release for the following week which may cause some spike movement. Just look into my forex calendar to keep yourself updated.


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

Quick Update: 07 May 2014

Hi guys,
Mid of the week. Let us review some of the counter.

HSI: Hit the first target. Now we shall see whether the bear continue to go lower to hit the next target.

GuocoLeisure: Did you trigger @ $0.955? going to hit the first target. Remember profit in pocket nv go wrong. If you do not wish to take any risk, once it hit the target, take the profit!

United Engineers: Trigger @ $2.21. Going to hit our first target!

 Genting SP: Did you sell high buy low? Ranger mode playing style! Thou Genting release good result, but the price didn't go higher! Still in ranging mode. Rmb to set tight stop lost if you are playing with it.



Overall: Thou STI have been down for last 2days, how strong counters will still find their way to go bullish. This is just a quick update for those who have been following my trade and profit from it. Congrats to those who trigger :)

(for Super Group still going tight range, However XD coming soon! Beware!!!)

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

Market Update: 04 May 2014

Sell in May & Go away? Sound familiar?
I bet everyone have been keep on repeating this to stay away from the market.
So does "sell in May" come true? If yes, will STI start to drop back towards 3200?
Lets review the chart

 STI Weekly chart: As you can before "sell in May" reach, STI was on the bullish trend till end of Apr and Start of May formed 2 doji candle. This 2 doji beside factor in the rumor and also included those good/bad earning reports. If STI able to break 3280 with good vol, we shall target for 3310. If not 3200 follow by 3180 will still remain as the support.

HSI: Did mention earlier that no indication where HSI will go to. As for now, if 22080 break, lets target 21670. As i believe HSI still floating within the 3price range given way earlier.

Genting SP: Did mention if it break $1.345, our first target will be $1.39. However the price drop back after hitting $1.365 (the most) perhaps due to euro news? As for now, last friday price closed below both 20/50d MA. We shall monitor this carefully. For those who still keen to long genting, try to long @ the price near the stop lost. Maybe price range around $1.3-$1.310 will be good enough.
If $1.29 give way, Please cut!

 

 GuocoLeisure: Trade with Moving average. Use 20d MA as the support. Tight Stop Lost is needed!

SuperGroup: Currently forming Bollinger Squeeze. Waiting for 9th of May dividend to decide the direction and please do watch out on 26th of May offering 1 for 1.

United Engineers: Trade with 20d Ma as support. Last friday candlestick may show as a reversal sign. Pay attention for those who keen on this counter

Overall: Earning report is over, May rumor is here, Most counter giving out dividend. Price may swing from one end to another. So please do trade carefully. If you are not sure and no confident on "MAY" market, take a break and go relax :)

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