Short Signal

Seems like market going down again. I have shortlisted a few stocks for shorting, The rules to enter short trigger when stock price is 1 bid below previous day low. Exit is 2 bid above recent high.Yes, Sakari Again we have been shorting this stock for quite some time, the trend is still going down and we believe the trend will remain the same until it ends.

If you want to know the Trigger or stoploss price, u can email me at yewjc@phillip.com.sg


Stocks at 52weeks low
Biosensor
Chinaminzhong
Mewah
Sunvic


Some of you might have some Long stocks that you bought recently which still have some small profit on hand, and might think you should sell or not. As many Guru have said, Never let Profit run into Losses. What i will do is move the stoploss to my breakeven price.

Biosensors - Short Signal

Biosensor closed 1.27 today after hitting on the support turned resistance trend line(Black line). If you have followed my previous post you might have entered the trade but then you probably just lose a small amount on that bet. However for those who have attended my class, where i teaches how to catch reversal during sharp fall. You probably manage to not to entered. Anyway, trading is not about winning all the time, the most important is to catch the trend in the market. Win big and Lose small. that's why i always mention where is the cut loss.

Ok enough story, remember we drew the trendline channel?  Biosensor hit the resistance and turned back. our ART System also gave a signal, the set up will be Short Entry = $1.25, Stoploss= $1.35 First target $1.12 follow by $0.97 Timeframe 2weeks++

Market going down further?

More short signal for tomorrow(shown on the pic above), so far the signal has been profitable. The market continue to fall unexpectedly, when comes to Shorting most will think it is too low to short/ too late to short.  As the old saying goes like this, "the trend remain the same until it change". We haven get any sign of turning yet. Highlighted a few of the more trendy stock in above pic, those are my preferred stock for shorting. Will keep a lookout tomorrow to confirm the direction, to enter you need to wait for the price to break below previous day low. If it gap down a lot, you might want to reconsider.

STI Outlook on weekly chart, we tend to have some support by the trend line at 2780, IF STI stay above this level on friday, we "might" see some rebound next week

Sakari Follow up - Short Signal

Sakari closed 1.605 today, ended at the lowest price of the day which most stock were up. Congrats if u have followed our previous post on Sakari. We shorted at 1.95 and now is almost 18% gain. No, not calling to take profit this time. But we are calling for Shorts again, a good entry will be 1.60, Stoploss 1.66, Timeframe 10-30days. Target 1.40. If it is not triggered tomorrow, we will wait for break prior day low.

Stock at 52 Week High/Low

Just did a scan with my Metastock explorer on the 52week high and Low to see which stock is at their best and which stock is at their worst right now. Well, there is no right or wrong whether to buy at high or low, it all depends on your strategy and also your risk appetite. 

Currently the 52week high stocks are holding strong despite the recent correction, most are dividend stocks. These are good stocks but slow moving.

52week breakout strategy: http://eresearch.fidelity.com/backtesting/viewstrategy?category=Breakout&wealthScriptType=FiftyTwoWeekHigh

Buying a winner: http://stocks.about.com/od/advancedtrading/a/Winners042805.htm

The stocks at 52week low are mostly stocks that are heavily sold down in recent correction, most people would be eyeing on these stock, hoping to make a killing in the rebound. Well, currently mid term trend is still down, any rebound from this 52week low list would be a good shorting candidate for us if market turn weak again.

No indication of buy or sell in this posting. For ur reference only.

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STXOSV Short Signal

STXOSV closed 1.58 today at the lowest price of the day. Our position trade system give us a Shorting signal as the chart is showing us the short term it is turning down again. A good entry will be 1 bid below previous day low, which means enter when price hit $1.575. Stoploss can place at 1.71, but if u think it is too far, u can place ur stoploss at 1.65 somewhere around 5% of your entry price. Mid to long term trade(2weeks and above. First target 1.45, second target 1.30

Congrats!! Taking some Profit on Short Position

 SGX now trading at 6.34, we have been shorting this stock since 6.77, now i feel it is a good time to take some profit off the table because it is now at the channel support level. However this does not mean that there will be a reversal immediately, The first sign of reversal will be price breaking above the previous day high. Or closing 5% above the recent lowest point.

http://www.andy-yew.com/2012/05/wilmar-decide-to-go-lower.html
Wilmar currently trading at $4.03, we call for a  SHORT on wilmar one week ago. Just one day before the result announcement. We called to enter at 4.77(Next day gap down, we entered next day at 4.72), and target at 4.40 and 4.00.(check out the post here) When i am setting the target, some people may think it is abit ridiculous to set a target at 4.00. Yes, even i find a bit far to reach. But that is also means we got very good risk/reward ratio. Well, Congrats if u have followed this trade. Will keep you all updated if there is any other good trade.

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Genting SP - 1Q12 Net Profit Down 33%

Overall revenue for first quarter of 2012 was affected by lower win percentage and business volume in the premium player business when compared to first quarter of 2011. Consequently, the Group's net profit for the first quarter of 2012 was S$211.5 million as affected by the revenue mentioned above.

Genting Sp closed 1.67 today before the announcement of the Q1 result, the ART system show us a sell signal today. Will trigger sell if tomorrow drop 1 bid below today's low which is 1.66. Though there is support at 1.635, but I am not sure whether it will hold the stock. If tomorrow it gap below 1.635, it show more WEAKness

Wilmar decide to go lower?

Wilmar opened at 4.85 today buy end closing at 4.79, our system gave a Short signal today telling us there is chance for this stock to go lower. Entry will be one bid below prior day low 4.77, Timeframe mid term(2weeks +) Stoploss place can place at 4.90. Target?? I drew the parallel channel of this chart, a reasonable target will probably be 4.40 (previous low), follow by 4.00(channel line support)

QAF - Gardenia Bread company

Gardenia - So Good You Can Even Eat It On Its Own. Very familiar tag line...

QAF closed 0.735 on Friday, Long term trend up, mid term trend up, and Short term is also turning up. Comparing to many other stocks in the market, this stock is consider a strong trending stock. Why say so? Because most stock is on downtrending mode right now, especially those popular stock and blue chips we are familiar. We got a buy arrow on last wednesday, not triggered yet and we are waiting for the price to break above previous day high. A good entry will be 0.74 for tomorrow, stoploss 0.705, timeframe 2week to 2month.

A longer term view on this stock, this stock has been ranging from 0.54 to 0.80, recently it breaks the 2010 high. Volume picking up, if this stock can stay above the resistance we might see alot more upside.

I believe most people is not familiar to this stock, even me myself is not so familiar. You can do your homework on the following links: Check the company on their website: www.qaf.com.sg

Some fundamental info for QAF on businessweek website, not that the stock will be giving out dividend on this coming tuesday.

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=QAF:SP

This stock may not be your first choice for a dividend stock, though it has been paying dividend almost every year but the dividend payout timing and amount is not so consistent

Sakari & Noble - Short Signal

Noble Group closed 1.21 on last friday, this stock has been dropping for almost 2 month already. The mid term trend turn bearish since March(Blue bar turn Red), now the long term trend is also in Red( Short ribbon). Last friday the short term reversal gave us a signal for Shorting this stock, Entry price will be 1 bid below the previous day low,1.205. Stoploss will be 1.245, Timeframe 2weeks-2month(mid term), Target 1.09(personal opinion)

Sakari closed 1.98 on last friday, the story is same as above. Entry for Shorting 1.97, Stoploss 2.065, timeframe 2wk-2mth. First target 1.80, super strong support.

Both stock are in oversold position actually the chart is almost similar, so you might want to choose one if your capital is small, nothing is guarantee so pls watch your stoploss.

Osim Chart analysis

Osim, currently trading at 1.27 one of the stocks that rebound strongly today. The reason why I prefer to post on this stock is because this stock is trading above the 10/50/100 MA. Trendline wise, it is still on an upward parallel channel. Resistance can be seen at 1.325, follow by 1.40. Stoploss can be place 5% below your buying price 1.205. mid term trade, 2weeks and above. **Result release on 7 May 2012.

Do you feel that you miss the boat already? When ever i have this feeling on certain stocks, the stock will continue to go higher and higher. I believe this feeling is created by the big boys, when they want to push the stocks higher they dont want you to join in at the early stage of the trend. That's why when stocks have sudden move, or gap higher it will give u those "too high to chase" feeling.

Biosensor chart - at support again!

Biosensor currently trading at $1.35. See what i posted "Will it go higher?" on 3 Feb 2012, if u have sold at 1.65 you probably be waiting for another entry. The good news is now this stock is at it's support again!

Now could be a good entry again, however, this will be a counter trend trade. Meaning now the short term trend is down(in fact down quite sharply). SO, if want to enter, go in baby size first( 1/3 normal size), wait for it to turn and wait for the day when price break above previous day high. Stoploss can place at 5% below your entry e,g 1.35 * 0.95 = 1.28

Malaysia Stock Chart - HaiO

HaiO Closed 2.18 today, it has been falling all the time for the past 2 years.  Finally, it end its downtrend, by having a higher high and a higher low recently. The Moving average is also properly aligned. Well, if you are using our simple tactic(Traffic light system) now should be a good time to enter, our stoploss is around 2.10(or when 10ma cuts below 50ma). Timeframe= 2weeks to 3month or more if trend continue. Target price 2.80 follow by 3.20. Well, this counter has very low volume, if it is not moving for the next 2week, then also get out

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A look at Yanlord and Genting SP Chart!

Yanlord, currently trading at $1.26 though it is outside the long term uptrend channel. Now it just broken the mid-term downtrend line. This means that it is possible for it to turn back into the uptrend channel. For risk taker, can enter now at $1.26 , Stoploss at 1.17 mid to long term trade. Another good sign:RSI above 50, MACD above 0 line.

Well if you are not comfortable, can always wait for confirmation, meaning: wait for it to go higher into the channel.

Genting SP now trading at 1.671, Break out of the long term channel some time back. Now short term is at support line. If enter now the stoploss can put below the low of 2-3 previous bar. $1.685? If you draw the moving average of Genting SP, you will also see this stocks is supported by 10,50,100,200MA. Looking good, keep a watch on this!

Did you follow my previous post

I think it has been long time since we last do a review on my posting. Let see what is happening on this blog...

Lets start from Feb: as you know Feb is the start of consolidation in STI the first post i posted on Biosensor, the timing was quite good. We exited this share at the perfect timing as few days later it hit 1.70 and that is the highest it go, latter it drop till 1.375 within one month. Congrats!

http://www.andy-yew.com/2012/02/biosensor-will-it-go-higher.html

Next, follow by my posting on CIMB BK, a malaysia counter. If you have followed our buying method(enter when price break above previous day high) you would have entered at 7.17. Now the price is 7.76 and still holding because this is a mid term strategy. Congrats!

http://www.andy-yew.com/2012/02/malaysia-klse-stock-cimb-bank.html

Next, Shorting call on HL Asia in the morning, that time the price was 2.08, lowest it when 1.845. Current price 1.88.

http://www.andy-yew.com/2012/02/looking-for-some-stocks-for.html

Late Feb: Ezra and Yangzijiang trade, both this two trade we got very bad timing as both got stoploss within the next few days.

http://www.andy-yew.com/2012/02/ezra-and-yangzijiang.html

Early April: CapmallsAsia, the trend head against us even though we are at the support. Well, lucky the stoploss is near entered at 1.655 and exited at 1.615

http://www.andy-yew.com/2012/04/capmallsasia.html

Followed by Nuskin chart: I posted the chart right at the turning point at $55.53, after 10days now is $58.03, still looking good!

http://www.andy-yew.com/2012/04/nuskin-chart.html

Yanlord broke its trendline and also hit our $1.19 stoploss. However I am still looking at this stocks.

http://www.andy-yew.com/2012/04/yanlord-chart-at-support-level.html

Last to review is the NOL, posted at 3pm and right after my post it fall from $1.35 to the low of $1.25. This is the level we should cover, I feel this stocks might have rebound soon. 1.265 will be the support.

http://www.andy-yew.com/2012/04/nol-chart-analysis-break-supporting.html

Will Capitacomm have good Q1 result?

Capitacomm closed 1.235 on wednesday, this stocks has been running a smooth up trend since early this year till march. The Q1 result will be out on 20 Apr, tomorrow(Friday). Chart wise, we saw there is buy signal on the pullback, the system suggest us to buy near the support. If you have followed 1.235 will be your entry price. First stoploss 1.205(if you buy alot), follow by 1.185(you never want to miss this). Target around 1.33?