Ezra – shooting star seen
Today, Ezra formed a shooting star resisted by the 20 day moving average and also the falling window resistance. If it turns lower, watch to see if 1.10 will be the short term support.
Cosco – touched the 50DMA
Today Cosco briefly touched the 50 day moving average. Watch closely to see if there is a strong rebound from here or watch your stop loss.
Hang Seng -short term levels to watch out for
Hang Seng today came close to the 50 day moving average and rebounded off it. If for the next 2 days can continue to go higher, then a higher low would be formed. But do be cautious as the 20 day is slopping down.
A reply from my emails…
I received this reply from a subscriber which I find very true indeed that I would like to share it out with everyone.
The bull can turn fiercer if the several punch do not hurt him but annoy him.
Therefore, always watch your support and resistance. Break resistance, that means the bull is really annoyed that you are waving the red handkerchief in front of him. Then, you will know that you must run away from the shorts. Remember, market is always right, everyone else can only predict what it will do.
Forgot to mention…
Hi,
I had been sending out email quite constant over the last few days just to update the market situation. I hope that you will find it beneficial. Just to let you know that I do not know when I will send out the emails. I will send out the emails when I see the need to send out the updates. Therefore if you have not sign up for the mailing list, please do so as there is no obligation. If you find me a nuisance, you can always opt-out.
I will sometime update via the mailing list instead of this website, but you will still have to pay attention to the posting in this website. They do not replace each other but complements each other. Like I said, membership has its privileges.
BUT, it has also come to my attention from a good friend of mine that I have to mention this. What you read from this website and my emails are just my personal opinion only. It is NOT an advisory services, and you MUST make your OWN due diligence and consult your authorized broker before trading. I am not responsible for your trades especially your loss. Trading can and will lose money. If you cannot handle this agreement, I would have to ask you not to read this website and unsubscribe from the mailing list. By continuing to read this website and my emails, you hereby agree to the terms above.
Thanks
There is no webinar on Thursday
Hi, just a friendly reminder that there will be no webinar tomorrow as I am taking a video course. As a replacement, there will be a webinar this Sunday, March 25th at 10:00PM (night webinar). Join me in this last regular scheduled webinar.
I do understand that there is a possibility of withdrawal syndrome. Therefore, do watch my this week YouTube if you had not do so. even if you had already done so, do remember to watch it again to remind you of the levels to watch out for.
FirstRes – will this time finally crack?
FirstRes has been very strong. Attempts to short it has failed so far. However it now has a small support at 1.86. Could this be the final resting place? Watch the price action at this line.
Shanghai Stock Exchange – support must not break
If Shanghai Stock Exchange break and close below the recent support of 2365, it would not be bullish. It may pull Hang Seng lower, which in turn may pull Straits Times lower. However the price action for STI over the last few days does not closely relates to HSI.
DBS – shooting star
Even though DBS has gone above the previous resistance of 14.36, the price action still looks suspicious. Anyway today it formed a shooting star and also is into the falling window resistance formed in July last year.
If you have entered…
If you have entered based on the alert, now you just have to watch your “ass”, I mean Stop loss.
I will do more in-depth analysis later after groceries shopping.
