Rotary : Bullish Setup!

2013Jul-Rotary-800x600

Bullish Signal: Bullish flag in formation with retracing volume!

Entry price: $0.57 with volume exceeding 1 million by 12pm!

Stop loss: $0.54

Profit target: $0.61

Reward to Risk ratio: 1.3

STI Weekly Update!

2013Jul-STI-800x600

After the breakout of double bottom formation last week with low volume, STI retraces from the classical resistance at 3238 and it’s now sitting on the 200day moving average support. If this support manage to hold, STI will be forming its second higher low (as highlighted in the chart), establishing an uptrend channel.

With STI only retracing 27 points along with low trading volume during the week, it signifies that traders are still sitting on their cash awaiting for more confirmation of market direction to ride along with the trend. Such retracement is very healthy for the index to fuel more strength before attempting to test the resistance at 3262, and establish a new higher high when the market volume returns.

On the weekly chart (as below), the bullish momentum from the indicators identified last week have not shown any weakness in this run up. Indicators such as MACD Histogram and Stochastic are still showing strength for more upside in the coming week.

2013Jul-STI-800x600

If the 200day moving average support fail to hold the index for the coming week, do watch for the 20day moving average as the next immediate support to hold this uptrend channel.

Have a good weekend!

Ying Li: Bearish Setup! (Short)

2013Jul-Ying Li-800x600

Bearish Setup: Symmetrical triangle in formation in downtrend. I am flavoring a bearish setup for trend trading.

Entry price: $0.425 with volume exceeding 2.8 million by 12pm!

Stop loss: $0.445

Profit target: $0.39

Reward to Risk ratio: 1.8

SingPost: Bullish Setup!

2013Jul-SingPost-800x600

Bullish Signal: Ascending triangle in formation!

Entry price: $1.31 with volume exceeding 3.5 million by 12pm!

Stop loss: $1.275

Profit target: $1.35

Reward to risk ratio: 1.1

 

Facebook Group: Ramba Breakout!

Members of the facebook group have caught the breakout of Ramba today!

I highlighted Ramba on 9th July

2013-07-17 08.18.16 pm

I was still tracking Ramba between 10th to 13th July!

2013-07-17 08.18.41 pm

Alert the group members on Ramba on 15th July (Monday) and the night before the breakout! Break out was detected in the following morning!

2013-07-17 08.19.09 pm

2013-07-17 08.22.09 pm

2013-07-17 08.22.40 pm

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Looking forward to more profitable opportunity with everyone!

Lian Beng: Bullish Setup!

2013Jul-Lian Beng-800x600

Bullish Signal: Bullish flag in formation with retracing volume!

Entry price: $0.62 with volume exceeding 2 million by 12pm!

Stop loss: $0.595

Profit target: $0.655

Reward to risk ratio: 1.4

Note: A breakout will be a third bullish flag breakout. I will be adding my position for the third time upon breakout!