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