QAF

EP 1.38 SL 1.36, TP 1.47

Counter suffered a gap down on daily (1.555 to 1.53) falling to current price of 1.38.

Dangerous Punt

Trading Plan Week W9 Feb17

Some counters I will be taking note of

1. Moya Asia - Holding well despite the sell down of pennies on friday

2. Cityneon - Broke Support of 0.875 to go down to a low 0.81 on 23 Feb. We may see some form of rebound on this as I'm seeing buying in the 1h,2h &4h chart.  Note that this is a countertrend punt.
EP 815~820, SL 0.8, TP 0.86

3. Interra Res - nice weekly chart. Daily chart have to observe.

Wilmar

EP 3.66, SL 3.6 TP 3.84

to post chart later as not EOD yet

Trade Update 22 Feb 17

What a day we had in the market, morning was sleepy,afternoon very exciting with STI moving up 28 points to close at a new high for the year. Except the momentum to continue... who says the market is bearish....when the auntie and uncles come on board, that is the time to be real careful

anyway, list of stocks for tomorrow

1. Geo Energy - BUE formed
2. Noble - BUE formed
3. Hock Lian Seng
4. Mermaid Maritime - BUE
6. Citic Envirotech - Hammer formed
7. Sinarmas Land
8. ASTI - Hammer
10. Q&M - BUE
11. Del Monte - BUE

Too many to take a position..... I will select a few to trade. Max 4 open positions

MTOBEIMF

First Reit

Buy Stop triggered

EP 1.29, SL 1.265 , TP 1.315, 1.345

MTOBEIMF

Trade update 21 Feb 17

Several stocks have retraced to a level where I'm interested in

1. Moya Asia @ 58 to 61
2. Dyna Mac @ 179 to 184
3. Interra @ 80 to 82
4. Rex @ 69/70
5. Artivision @ 25/26
5. First Reit , BUE formed

Time to be cautious

When counters such as Ecowise and Jubilee Ind gets into Top Vol, it is time to be cautious and hold back on risky trades. I believe we are at the tail end of the recent bull run, A retracement/correction should be next on the cards.

Another clue is that popular penny counters are no longer moving much and actually do a fake upmove in order for the BBs to unload and trap retailers at the high.

Be cautious !!!

Jumbo

Buy Limit 705, SL 69, TP 74

Trade triggered

SunMoonFood

Buy in triggered  @ 116 yesterday, unfortunately market did not give any chance to jump onboard. Price went to 121 , and closed 118 yesterday

Point to note, the afternoon breakout was a FAKE with prices retracing from 121 to 117, closing @ 118 at the end.... seeing this i removed my buy queue @ 116 when it retraced back to 117/118

To continue to monitor

Week 8 2017 Trading Idea

Quick post on the counters I will be looking at for Week 8 2017 for STI

1. GSS Energy
2. Rex
3, SunMoonFood
3. SATS
4. Jumbo
5. Q&M
6. Boustead
7. HG Metal

Good Trading for the week ahead

HG Metal

Although in Legoland, my scanner picked this up today, looks interesting. Note that we are still in downtrend on both the weekly and daily, I do expect there may be some sort of play to bring the price up as we may have found a temporary bottom for this

I have posted a weekly chart on this for week 6 since week 7 is still ongoing.

HG Metal W6 Feb 17

EP 315/320, SL 295, TP 390

MTOBEIOF

SATS

SATS Daily 12Feb17

BUE spotted for SATS on 11 Feb 17 @ 100ema levels, Volume though is not encouraing.

Two methods of going about this trade.

1. For the more agressive, EP 4.98, SL 4.85, TP 5.05, 5.15, 5.25

2. Wait for selling in daily chart to subside then try. But may miss the boat

Indofood 15Feb17

Blog about this on Tuesday 7Feb17

Chart speaks a thousand words

Indofood Daily 15Feb17

Indofood has moved up today. Moved up to a strong resistance level @ 58, closed 565.

58 has proven to be a tough resistance level to break through for indofood as this has been previously tested and price turned down from there. On a more positive note, we are seeing higher lows on this chart. I expect prices to consolidate between 56 to 58 before the next leg up.

EP was 54, SL 52. To protect profits, the SL for this trade will be shifted to 555

MTOBEIOF

IHC

Quick Punt,

IHC
EP 103, SL 96

Week 7 2017

Some counters to take note for trading for this week. Will be a short one for me as  I will be away on Thursday and Friday.

1. Golden Energy
2. GSS Energy
3. Silverlake
4. Broadway
5. SingMynamar
6. Declout
7. Rowsley
8. AA

MTOBEIOF

On a side note, STI is still going strong. Price has broken above the first bear region as highlighted in my previous blog entry. As usual, before I take a short on STI I would like to see a pin bar/ BEE bar on the daily.

SingMyanmar

Quickie blog

Watch SingMyanmar, despite the many weekly pin bars, price is holding well

currently 615/620

Yoma

Yoma had a breakout yesterday, ending with a BUE candle. Today's closing price of 605 is pretty bullish

Yoma Daily 8 Feb 17

EP 60, SL 58, TP 62 , 65, 68, 72~73

MTOBEIOF

Parkson Retail Update from 7 Feb 17

Parkson Retail post on 7 Feb 17

Today Parkson has shown its real intention

Parkson Retail Daily 8 Feb 17

I have taken away the EMA lines for easy illustration purpose. A messy chart is hard to read.

Today's candle is a bullish engulfing one, closing above the immediate pink bear region. Volume is good as well. I expect momentum to continue tomorrow. A break above 123 should see price heading north to 131 region.

EP 121, SL 118, TP 131, 138

MTOBEIYF

Indofood

Indofood Daily 7 Feb 17

EP 54, SL 52, TP 565~595

MTOBEIOF

Trade Update 7 Feb 17

Slight push in the morning for many pennies which lasted an hour from market opening. Thereafter started seeing some pennies reversing the morning move. (hint hint on what to expect in the afternoon)

Indeed, many penny counters gave up gains made on 6 Feb 17, In other words, BBs attempted to trap retailers at the high end. Anchor Resources was one such counter and I decided to wait till closing on 6 Feb 17 @ 109 gave way before I exit my position at cost @108.

Dyna Mac was still holding well and started moving up around 3pm. I decided to take my profit @ 184 given the weak market conditions. I was lucky enough to get the top for the day on this and Dyna-Mac subsequently closed @ 180

Yoma had a breakup today and closed 605.

Current holdings
1. AA
2. Asiamedic
3. Indofood
4. Yoma

Geo Energy today facing its first day of T+5 really surprised me as it ended on a high @ 280. Will continue to observe

Trade Update 6 Feb 17

Potential Trades
1. SunMoonFood
2. Spackman
3. Anchor Resources
4. Parkson Retail
5. Fu Yu

Current holdings
1. AA
2. Anchor Resources
3. Dyna Mac

Note. Geo Energy is entering into its first T+5. We had 3 consecutive days of high volume on the run up for Geo. It will be interesting to see how the BBs are going to absorb the selling volume if they are not done with the push up.... I can feel my heart pumping with anticipation already...

Pretty bullish day market had today. Most of counters in my watchlist is green. Take note not to recklessly add/chase positions as the market could just turn. Limiting risk exposure is a trader's job

Parkson Retail

Daily Parkson Retail 6 Feb 17

Punting trade.

Selling seems to be contained after so many days (quite reluctant to take another try at this since SL on this recently but we have to leave emotions aside when trading, just like playing Poker.)
We see a high volume bar on 1 Feb ending with the bears pushing price back down fro 120 to 116. This will be the immediate bear region on this instance. Since then prices have been resilient and is starting to move up

Price today has closed @ 117 forming a BUE on the daily with decent volume

EP 118, SL 114, TP 123, 131, 135~137

AA Update

Re blog post  on 2 Feb 17,AA 2 Feb 17

AA moved up with excellent volume today

AA Daily 6 Feb 17

A BUE has been formed  for AA on the daily. Closing @ 44 level hints the counter is ready for an assault on previous high @49.

We cannot expect the counter to push through the bear region in a day.
Armies attacking a castle will gather @ the gates before making a full scale assault.

Anchor Resources

Daily Anchor Resources 6 Feb 17

Price has now entered bear region, coupled with long term downtrend line. Prices however looks posied for a breakthough.

EP 106, SL 102, TP 109, 112, 116

Dyna Mac

Daily Dyna Mac 3 Feb 17

EP 175, SL 170, TP 194~220 (bear region)

AsiaMedic

AsiaMedic Daily 2 Feb 17

Prices forming HHHL. Potential Breakout if 78 gives way

EP 78, SL 76
EP 74, SL 70

AA

AA Daily 1 Feb 17

Punting stock
Immediate bear territory between 44 ~ 49

EP 41, SL 36, TP 46

MTOBEIOF

Acromec

Acromec Daily 1 Feb 17

BUE candle on 01 Feb 17 with encouraging volume. Possible breakout setup. Immediate resistance between 0.60~0.63 (red region)

EP 0.57, SL 0.54,  TP 0.61, 0.67, 0.73

MTOBEIOF