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 :)

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 :)

Market Update: 11 May 2014

Hi guys,

Congrats to those who profited from United Engineer and sorry to those who triggered on GuocoLeisure and waited at the target price area.
Gonna update quite number of counters and hopefully can huat big big on it next week :)

STI: Showing no clear sign which way will go. However two figures to watch out. Either side break will show bear/bull to take place.

Boustead: Weekly chart showing some repeated candle. Is always wise to trade with the trend. So if you wish to enter this counter, do rmb to cut once $1.835 breach.

Ezra: Showing descending triangle. Soon either bull or bear will take place! Do monitor carefully if you are keen in this counter.

Osim: As i mention before, it is always wise to trade with the trend. So rmb to buy when it dip. However how do we know whether it done with the dip or will it continue to fall. Do study carefully the chart i plot. It should show some sign of strength before we confirm the bull remain intact.

Tat Hong: Wish to try on penny counter once again. Friday closing showing a good vol sign. Hopefully it will burst over the next few days. Do monitor carefully!

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