Just taking note of venture, at the support of 9.19 also together with its uptrend line too. if this breaks down we might see more downside. So watch out for it .
STI reached our downside target as blogged on sunday. Of course we didn’t expect it to go down so fast within just a day. Remember its slow and steady for us =) .
We’re watching now to see if the support breaks and come down to the 200ma at 2803.
It has hit our target of 2880 or rather just one point shy of 2880 at 2779 and started coming off. STI might be in a slight range bound but we might see more downside. Looking at 2848 as first support and maybe to 2820 then.
A 4 cents cut loss for GLP that we suffered at the end of the week. Well as said, we can’t be right all the time and we won’t want to cover our wrongs and just show all the rights. That’s not our trading belief and being honest is our utmost value. =)
So what to do when we’re wrong, we take some time to see what went wrong, reset our mental and not try to have a revenge trade after. Having a stop loss for every trade is important so we are mentally prepared for the worse case scenario.
25th August, 2016, 3:41 PMAdvancer global 18 Aug 2016
Advancer Global is a new IPO stock , which we sent out a message to our clients on last Thursday to watch for further upside at $0.38-$0.39 which has been steadily advancing since then, hitting a high of $0.425 today .
Interested in getting such ideas like our clients been receiving ?
Find us via the “Contact Us” Section of the Blog for more details .
25th August, 2016, 2:17 PMCnmc Goldmine 24 Aug 2016
CNMC Goldmine has hit the horizontal resistance at $0.61 yesterday and today again which was also the previous high made on 7 july , with the recent gold price retracing from its recent rally , Cnmc Goldmine may also be resting a bit having test the $0.61 resistance level again .
In fact a message was sent to our clients on 3rd August to watch it for further upside at $0.53 and it hit our targeted upside of $0.595-$0.61 yesterday and today. Pretty decent in our humble opinion.
Currently We think Cnmc Goldmine may pullback to its previous support levels of $0.525 -$0.55, since gold has been pulling back .
However if it can break above the $0.61 resistance, this may bring the stock to its all time high of $0.665 back in 2011 .
We’re looking at more upside for STI in the coming days. The last few days STI came down but wasn’t as weak and refused to come down and have a nice closing today too. With that we might take a long position and would hope for STI to move up towards 2880 in which we will re plan our position again. Our entry would be one pip above today’s high and stop loss at 2825.
First Res, a counter that we’re looking at it for a short now ever since we were bullish back in end july due to that surge in volume. It has also reported a fine results recently
Will it reach $2 then we’ll short? or will we short in the coming days. We’ll be watching the candlestick patterns for signs of weakness. Stay tune. We have not shorted yet.
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.
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.
Oil has been up the recent few days and we think that it might move up to about $48-$49.50 area.
Ezion doesn’t seem to move up even when oil is up. So we’re looking at it quite keenly for a short. The current support is at 0.26 and if it stays below that we’ll look for a short. We’ll have to look back at the 5 years time frame to find the next support at 0.23 then after that a round figure at 0.2. Probably a matter of time before it hits 20 cents.
Yours
Humbly
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