IndoAgri – resting on support
IndoAgri is resting at crucial 200 day moving average with also coincides with fibonacci 50% support. Do watch to see if there is a bounce at this level.
Apr 30, 2012 Weekly Singapore stocks with Jonathan Tan
Sell in May and go away? That’s the thought in everyone’s mind. Or could it be that market is gearing up for its greatest bull run ever? Straits Times has been consolidating over the last 3 months with everyone’s getting frustrated with sideway market. Penny counters are running to keep retailers busy. How long will this consolidation continue to last? Most importantly, what will happen after this consolidation? A lot of Singapore stocks are quite weak. How can the market go this week? Find out what it is in this week video edition.
Remember to let your friends know about this video, ChartingAcademy.com, and Facebook. Thanks.
Apr 29 10:00PM Singapore stocks webinar with Jonathan Tan [InnerCircle]
Sell in May and go away? That’s the thought in everyone’s mind. Or could it be that market is gearing up for its greatest bull run ever? Straits Times has been consolidating over the last 3 months with everyone’s getting frustrated with sideway market. Penny counters are running to keep retailers busy. How long will this consolidation continue to last? Most importantly, what will happen after this consolidation?
Join me in this exclusive webinar dedicated to [InnerCircle] only where it is less crowded and more strategies discussed.
Yangzijiang – Broke support but near another support
Yangzijiang broke the previous support but now is near the 100 day moving average and fibonacci 38.2% support. However, there is no bullish candle seen yet. Watch to see if any bullish candles are forming.
CityDev – Nicely bounced off support
CityDev bounced off 100 day moving average and fibonacci 38.2% support. Do watch to see if there is a follow through.
SembCorp – Shooting star at resistance
Today SembCorp formed a shooting star at classical resistance. Do watch to see if it turns lower.
Will not share much tonight…
as market is whipsawing. Yesterday Dow drop a lot, now swing up a lot. Basically market trying to decide which direction it wants to go. With Apple Inc and FOMC results coming out later and tomorrow, market is going to move within a range. Currently, market is “hoping” uncle Ben will say something about QE3 tomorrow due to European crisis. If there is a hint, market will rally. If not, market will sell down. So, it is a banker or player situation again (maybe a tie may happen).
Trade at your own risk because right now, the risk is quite high.
Therefore I will not post much tonight, but if anyone is interested:
- IndoAgri and Noble Grp is a hammer on daily chart
- KepCorp is inverted hammer at falling window at 20 DMA.
- Biosensors at 200 DMA support
Market Opinion[general]
Just a quick message as I am not online much.Market opinion emailed to [general] subscribers already. Do check your email.
And so the market falls…
If you have been watching my YouTube especially from 15:15 onwards, and over the last few YouTube, I have been mentioning that April 23rd is the day to be careful and indeed, bloodbath has started. If you have heavy long position, you do not just leave your position to fate. It is your money and if you leave it to fate, it is still your money. Can the market bounce higher. Of course. Can it go lower? Of course. But what is most important is your trading plan. No matter how much I nag and nag, the responsibility is still up to you. All I can say that it feels very different when you do have a trading plan.
There is only so much I say do or say but ultimately, it is your decision that affects you.
For those that have shorted, congratulations. For those thinking of shorting tomorrow, do remember that you are late to the party by a day and your cut loss will be a little bit further. For those that have long, set your trailing stop and execute it when the time comes.
My apologies if I sounds like I am gloating, but it is not. This afternoon when we were having a coffee session, I shared that as long as a person do not have any fear of cutting loss, then he/she is already half successful. All he/she has to do now is to plan a better strategy, that’s all.
Apr 22, 2012 10:00PM Weekly Webinar with Jonathan Tan [InnerCircle]
IMF to the rescue. Will it be enough to negate the bearish signs in S&P500? Straits Times stays in consolidation mode. A lot of Singapore stocks are near support but a lot also has bearish candle. How can the market go this week? Find out what it is in this week video edition.
Join me in this exclusive webinar dedicated to [InnerCircle] only where it is less crowded and more strategies discussed.
