Market weakening

Many popular counters are doing a reverse of the morning movement. Be cautious... As of now, I have no counters on contra.

CityNeon

Counter trend trade

EP 0.79, SL 0.765, TP 0.82, 0.85, 0.885

MTOBEIMF

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