China Aviation Took Off?

9th January, 2017, 12:57 PM

cao

Following up from our previous post of CAO (http://singaporehumblestock.com/2017/01/china-aviation-flying-off/) which we posted just last thursday. The stock has moved up to a high of 1.49 in just two days but of course we believe in being slow and steady and not quick riches.

The next possible targets could be that horizontal resistance at 1.515 and then if that breaks above then to test the previous high of 1.575. Let’s see how it goes. And remember to protect your profits along the way too.

Yours

Humbly

China Aviation – Flying off??

5th January, 2017, 12:29 PM

cao

Does China aviation looks like its going to fly?? Now now, let’s not get too excited. Let’s look at the chart and see and plan for our trade.

Chain Aviation oil or CAO for short seen an increased in volume today after a few week of low volume. It is also currently testing the downtrend line which we drew for the third time. We might consider entering once it breaks above 1.44 with a stop loss of either 1.43 (very tight stop loss) or 1.385 or even when it breaks below the uptrend line of around 1.37. Of course then our position sizing would be different too. So remember to plan for your trade like how we do so that you won’t get a rude shock at the end of the day.

Cliche as it might sound, if you fail to plan you plan to fail.

Yours

Humbly

CAO,oily slope down

22nd August, 2016, 3:12 PM
CAO Aug 2016
CAO Aug 2016

China aviation or CAO for short has broken down from its uptrend line today. In fact an earlier msg has been sent to our CFD clients last wednesday for short  at 1.515. It has come down to a low of 1.405 today. Not too bad in our humble opinion.

CFD messgage

So what now? We still think that there might be more downside for this counter and would eventually target around 1.265. So if it breaks 1.405 we would add more shorts but in a smaller quantity. Our stop loss would be 1.455.

Yours

Humbly