Our last post for the night before we call it a night, we hope that you have following closely to our blog and would have been in the money with these few stocks and index that we have shared. =) Remember to stick to the plan and follow through ya. Protect your profits along the way too. Don’t always aim for the highest to take profit. Take profit along the way. That works for us. Hopefully that works for you too.
Yours
Humbly
SGX, it managed to recover to hit back into its uptrend line which shows strength and furthermore its candle today has a nice rebound pattern kind of like a hammer candle.
With that we might see more upside to 7.95. A stop loss could be placed at 7.71 while an entry is one pip above today’s high.
Sino G , worth taking a look. Supported by its uptrend line and being resisted by the 40 and 50ma. A clear of those resistance at 0.65 might see it move to 0.66 and then move up to the second uptrend line at 0.71. There was ย a spike in volume today too which caught our attention. An anticipation entry can be at 0.655 and staying in till it hit our resistance line. Stop loss would be at 0.595.
Yours
Humbly
Singpost, we sent out an alert for singpost end june informing our clients about support and potential upside since 1.475. It has risen to 1.56 ever since. With that it is now hitting the downtrendline and the horizontal resistance. The closing candle on friday was a nice recovery candle so now lets wait and hope that it breaks that 1.56 level. Our stop loss would be at 1.515.
Yours
Humbly
GLP has been hugging the downtrend line and the horizontal resistance line. A break of 1.835 might see it move higher to 1.865 then 1.88. Market seems bullish so lets wait and see if GLP manages to break up from this resistance. Stop loss would be 1.80
Yours
Humby
With a new born in the family this stock is interesting to us =)
It is wedged between the 200 and 50ma now. The 200ma acts as the first resistance then the downtrend line that we see. We are bullish on this stock and if the support holds at1.37 or 1.32 we might consider an entry there. =)
Yours
Humbly
Innovalues has broken and stayed above its horizontal resistance of 1.095 which we message to our clients about the breakout . It went to a high of 1.115 ( all time high) and might be meeting some resistance on the middle uptrend band. IF that breaks we might see it test about 1.20 level. Stop loss would be 1.085 and 1.045.
Yours
Humbly
If you been following us you would know that we been fairly bearish on first Res. The market for the past week has been moving up but we noticed first res hasn’t been moving much but in fact it came down and today it broke its recent support of 1.55 and its below that now. It might come down to 1.50 and it that still don’t hold then 1.45 will be the next target. Our stop loss would be 1.56 or 1.60
Yours
Humbly
Hope everyone had a good weekend and are ready for the short week ahead. We had some time to reflect over the weekend and we’ll like to share some thoughts.
Firstly, following the trend, as most would know , the trend is your friend, follow it don’t go against it. If you think like us after brexit that the market would come down but it didn’t then we might have to change our plan and follow the trend. Yup, from our blog you would sense that we were hoping for more downside. We were wrong on that and now the question is, how do we fight back. ( We fought back on singpost, jumbo and acromec) and hopefully our clients did too
Secondly, your stop loss, well, trade will go against us from time to time. When that happens, don’t hope for the best but do what is right and cut loss at your determined level, don’t keep telling yourself it will be better. Cut loss first, take a step back and then u will be calm. NEVER go into a trade without a trade plan and as the saying goes and as cliche as it may sound, IF you fail to plan, you plan to fail.
Lastly, don’t even try to take revenge ,as we all know that usually leads to much disaster. In fact, continue ย to plan your trade accordingly, keep calm and don’t go crazy.
We’re just sharing our humble thoughts in which we hope we will be better traders after this =)
We have attached the chart of STI , currently we can see its above the 200ma which is significant. Next resistance at 2880 and if that breaks we could eventually see 2960 in sight. Support is at 2830, then the 200ma and if that don’t hold then we might start to see it cover the gap to 2793. Lets respond to the market accordingly and we’ll update accordingly
Yours
Humbly
