Yangzijiang (on request) – Bollinger squeezed within a trading range
Yangzijiang has been in bollinger squeezed for a long long time. If one really want to trade, then you can use a breakout of trading range with volume. Therefore watch the support and resistance lines.
Biosensors – All time high but how high is the peak?
Biosensors yesterday and today formed doji candle which means indecision. Right now where it is at all time high, it is now deciding should it go higher or pullback for profit taking? We will know over the next few days. Those in long position, watch your trailing stop. But this counter is not safe to short yet as there is no reversal.
Kepcorp – trying to break towards the upside?
Kepcorp has been forming an ascending triangle for quite some time. Resistance to watch would be a high volume breakout of 9.60. Next resistance to watch would be the round number $10.00.
Just got back, shower and now really need to Zzzz… Got a full day tomorrow.
Golden Agri (on request) – Hit classical resistance with bearish divergence
Golden Agri today hit a classical resistance of 0.745 and came down with a shooting star cousin, bearish gravestone doji candle. Plus with bearish divergence shown in the indicators, those that have long position may want to consider taking some profits off the table or set a trailing stop. If Golden Agri can go higher, next resistance would be at 0.76.
Jan 9, 2012 Weekly Singapore Stocks with Jonathan Tan
This week is the first full trading week of 2012. Everyone is gearing to enter the market, but which direction should they pick? Jobs report in US has been good but Europe has been giving problems to everyone. How will it change in January? Find out what it is in this week video edition.
Remember to let your friends know about this video, Facebook and weekly webinar (Thurs 10am). Thanks.
Trade Alert Review: GBP/USD sent on Jan 2, 2012 8:13pm (Profit)
This alert was sent with the information below:
Happy New Year.
This is a trade alert for GBP/USD. To find out the reason for this trade, please go to http://chartingacademy.com to find out why.
Entry: Above 1.5500 but below 1.5570 (note: the higher you enter, the further your cut loss)
Stop loss: Cut if it closed below 1.5361
Profit: Set trailing stop once in profit.
Note: GBP/USD already moved on Friday, which means the risk is higher for this trade.
Note that this is a high risk trade as you will be going against the trend and market is low volume due to holidays.
Disclaimer applies. This is an opinion, not an advisory services. Please consult your broker before you trade.
Now that the trade has completed, let’s review what happened.
Right after it hit the Entry Price at 1.5500, it went lower for about 4 hours but it did not hit cut loss level at 1.5361. Once it hit the Entry level the second time, a short time it consolidated and then climbed higher to as high as 1.5669 which is about 169 pips. Granted, no one can have the maximum profits, but if we half, that would be easily 80+ pips, which is quite reasonable, right?
I received some emails (less than the EUR/USD trade) but nonetheless, all of them took their profits already.
Trade Alert Review: EUR/USD sent on Jan 2, 2012 8:05pm (Profit)
This alert was sent with the information below:
Happy New Year.
This is a trade alert for EUR/USD. To find out the reason for this trade, please go to http://chartingacademy.com to find out why.
Entry: Above 1.2960 but below 1.3010 (note: the higher you enter, the further your cut loss)
Stop loss: Cut if it closed below 1.2857
Profit: Set trailing stop once in profit.
Note that this is a high risk trade as you will be going against the trend and market is low volume due to holidays.
Disclaimer applies. This is an opinion, not an advisory services. Please consult your broker before you trade.
Now that the trade has completed, let’s review what happened.
Nicely, right after it hit the Entry Price at 1.2960, it did not retraces down and continue to go up. Which means, right after entry, it went into profits right away! (Note: Not all trade will be in profits immediately). It went to as high as 1.3076 which is about 116 pips. Granted, no one can have the maximum profits, but if we half, that would be easily 50 pips, which is quite reasonable, right?
I received quite a lot of emails stating that there are out of this positions with profits.
Straits Times – Resistance with a shooting star
STI formed a shooting star at trendline resistance and 2 moving average resistance: 50 and 100 days. With a lot of counter at overbought, it is possible that there may be profit taking coming, but all shall depends on Europe and USA. We may be close but maybe still a small tiny tiny bull left? Let the price tells you.
Biosensors – Coming to the end of the road?
Biosensors today formed a white shooting star together with high volume. After moving higher over the past few days, it is now at overbought position and could have profit taking anytime.
Jan 5, 2012 Mid-week Singapore Stocks with Jonathan Tan
Market is doing cha cha cha, up and down, but more up than down over the last few days. Can it still go higher? What can happen in the first month of January? Find out in this live recording of the webinar.
Remember to let your friends know about this video, Facebook and weekly webinar (Thurs 10am). Thanks.
