Tuesday, August 31, 2010

Hyflux- follow up

Hyflux- Close $3.00, if you have follow my last post. You can add on your short position tomorrow if it go below $3.00. How to add? do you add a bigger position? The answer is no, you should add a smaller position then your previous position. E.g last trade u shorted $10000 worth of stock, your second position should be smaller e.g$7000(ard 25% lesser) worth..adding position this way will reduce your exposure to the market risk.

Starhub - defensive and high dividend, follow up

Starhub today broke ascending triangle formation, may signal for further uptrend.
Ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern that indicate accumulation.

Candlestick: It also forming a Bullish engulfing pattern. Read more at investopedia http://www.investopedia.com/terms/b/bullishengulfingpattern.asp

Monday, August 30, 2010

Property stock hit by govt policy

Hiaphoe: currently on a downtrend hence its a good short candidate (parallel line sloping down). Can consider short this stock if tml drop lower than 0.390(today's low). Target 0.35, Exit 0.425, Timeframe 2week-3month

Allgreen, another stock that hit by the national day rally speech, drop 7% today. Can consider short this stock if tml drop lower than 1.05, target 0.90, Exit:1.14,Timeframe 2week-3month.

Losing Trades are a Natural Part of Trading

Novice traders have a great deal of trouble accepting the notion that losing trades are a "natural" part of trading. Yet, if you are actively "cutting your losses" on trades that don't go in your favor, a losing trade can actually be thought of as a positive step, because it is the act of consistently limiting your losses to a manageable amount which allows you to keep coming back to trade another day. While losing money on a given trade is not in itself a good thing, the very act of keeping each individual loss to a minimum is a necessary step in trading profitably over the long run.

When starting out, traders often shoot for a high percentage of winning trades, even though that generally means taking profits quickly and missing some big winners. More experienced traders come to realize that the percentage of
which are winners is often a meaningless statistic. In the end, the only thing that counts is if the amount earned on winning trades exceed the amount lost on losing trades. As long as that is the case, it matters little if 3 out of 10 trades are profitable or if 7 out of 10 trades are profitable. The key is to make alot when you win and to lose a little when you lose.

Came across this article in a forwarded email.

Sunday, August 29, 2010

Starhub - defensive and high dividend

Starhub was up 4days out of 5days last week, on friday it closed highest at the end of the day. This is one of the dividend stock that you can consider to hold for long term. Current dividend on bloomberg.com is 8.4%. Probably it is a good time to enter this stock if tomorrow it go higher than $2.38, stop loss $2.27 time frame 3-6month.

Tuesday, August 24, 2010

Short Ideas: SMRT, Soundglobal

SoundGlobal, Downtrending since April, short signal again also can consider shorting if tml trades lower. Entry 0.71, Target 0.60, Exit 0.745, Time frame 1month.

Smrt gave a few short signal since last week. There is a short signal for tml if it continue to trade lower. Can consider go "short" for long term trade. This stock is still above 200ma, hence it maybe a tough nut to crack. Entry 2.01 exit 2.05 target 1.92, timeframe 1month

Monday, August 23, 2010

Exit signal for long term trade..

IndoAgri and Golden Agri, both stock has shown uncertainty for further uptrend in our system hence it suggesting us to exit our long position. If you have followed my previous post, you should have cleared most most of your position. Currently I have exited all my long term position, only doing trades for short term profit until we have a clearer outlook on the market.

Buying interest on Yangzijiang

Yangzijiang- break it's resistance of 1.51 during morning trading session. Overall market is down and STI drop 19 point. Stock rise despite market down, these show buying interest in this stock. Entry 1.51, Target 1.57 Exit 1.48, Time frame: 3-5days

Thursday, August 19, 2010

Some Bullish stock for Friday

Straits Asia has show some sign of reversal after breaking its long term down trend line (thin blue line) formed since early this year.Today it breaks above the 200 moving average(red line) and pullback to 200ma. This stock can buy for long term if it continue to rise tomorrow.Entry:2.15 Stop loss 1.98(2bid below recent low) timeframe 1-3month

Biosensor, another bullish stock appear in my list, despite a big rally today, it is still below the resistance. If tml it continue to rise higher it may good for a breakout trade. 1-2week trade,Entry 0.845, stop loss 0.805. Should continue to monitor tml's price action before entering.

Tuesday, August 17, 2010

Descending triangle pattern on Oceanus

Oceanus, a descending triangle chart pattern has formed on this downtrending stock since early this year. Stock is define as downtrend if the stock price is below the 200, 50,20 moving average line. This stock has shown some bearish signal this few days that gave us an opportunity to sell short. If next few day it breaks below $0.30 it will be confirmation of a downtrend breakout.

Hindenburg Omen foresee Crisis

Have anyone heard of Hindenburg Omen? This is an interesting phenomenon. It is a stock market warning signal that many Ang moh traders has been following. Based on the historical data, the probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen was 77%, and usually takes place within the next forty-days.

August 16, 2010: A confirmed Hindenburg Omen occurred, as 70 stocks hit new lows. This day coincided with record low trade volumes for 2010. Will we see a severe selloff in the market soon?

Read more on Wikipedia

Monday, August 16, 2010

Time to get defensive

Market seems to be turning sour, for the overall market the bias is still neutral but the main scenario remains to the downside. Investor should consider to reduce position and stay away from the market. Traders should be preparing to short the market. Using my metastock explorer, the following stock has show a long exit signal. Meaning: we are expecting the price to fall in near term.

If you have followed my previous post, you should have also exited on those stock

Sunday, August 15, 2010

Swing trade followup, Genting's candlestick commentary

Yangzijiang, up 3.5% on friday. If you have followed my call on my previous post on a short term swing trading (3-5days), it is almost time to take profit. Do keep close monitoring to protect your profit, resistance will be the previous high $1.57.

Genting Sp, share rocketed to record high on Friday with high volume after the announcement of the better than expected result on Thursday.
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend.

Thursday, August 12, 2010

Swing trade Capitaland

Capitaland $3.94, after a strong uptrend has been in effect, the bear step in and take the price down. Price has fallen for 4days from the recent high , CCI is also at the oversold region. If tomorrow price rise above today's high, it will be a good entry for a short term swing trade.
Entry: $3.96 Exit:$3.88
Target:$4.08 Timeframe: 3-5days

Other stock having similar setup: City Dev, Cosco, YJZ, golden agri, SATS

Wednesday, August 11, 2010

Trades for Thursday..

Found quite afew bearish stock using my Metastock scan, for long term players, if you are holding the following stock, you might want to take profit/cutloss tomorrow.

Bearish stock: Boustead,capitalmall trust REIT, Ezion,GMG global, Hiap Seng,Hyflux, Keppel Land, Lippo-Mapletree, LongCheer, Olam, Rotary, Sembcorp Indust, Singtel, Stamford Land, Starhill Global, Suntec Reit, UOB, Venture, Yanlord

Tuesday, August 10, 2010

Ocbc in the cautious zone

OCBC, the daily chart shows that this stock has broken it's uptrend channel formed over the past 2month. We shall see some short term retracement to lower level in near term, if possible, not to hold for short term, however the long term support level is at $8.60

Thursday, August 5, 2010

Stock Pick: GoldenAgri, AsiaFood, Broadway

Golden Agri had a bullish momentum today, surprisingly gapped up and end the day at the highest price of the day. Probably due to the rise in crude oil price there is a spike in the buying interest of the palmoil stock. If you are holding this stock, can consider to add position tomorrow if it goes above today's high.

Broadway, on the technical daily chart beside we can see that broadway is testing the low formed in the past one month. A break below this low($1.13) may trigger further bearish momentum. Time to get out.

Asia food, this stock has also steered into the unclear zone. It's time to get out.

Wednesday, August 4, 2010

HL Asia - Late day breakout

HL Asia - A late day break out was spotted around 4.45pm. near closing time. Price surge 3.59-3.74 within minutes! I suspect there is strong accumulation, to reason out the spike in the price today. If you have followed my previous post, I have posted this stock has a ascending triangle chart pattern, once broken it will have a high chance of going higher.

In addition, It ended at the highest point of $3.74, hence signify that there is no much seller in the market for the day, hence a bullish candlestick is formed.

I am in! =)

Monday, August 2, 2010

Stock scan for Bullish stock on SGX

No time to post the chart tonight, but I did a scan using metastock explorer and found some bullish stock to buy for position trading (long term). Can consider buying if tml (3 aug) the stock goes above today's high, holding period 1-2month

Can consider buying at:
Sembcorp $4.33,
Swiber $1.07,
CityDev $12.67,
STI etf/cfd $3.07, (signaling that the whole market is going bullish)
IndoAgri $2.39