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