Monday, October 23, 2017

Delong: What a run seen.... More upside from here with System still good? Price 3.52


Just about a month back, we spotted some really good actions in Delong… it was really quiet over the past year and suddenly some solid actions came back…. no idea why…


Anyway a chart was drawn on the 5th Oct 2017 as seen below when it was at 2.11 with some near term target at 2.40….


The uptrend was looking good BUT there were some risk to holding this stock too that we were aware off.


See what was drawn then…



For illustration purpose only


A few days later, our 1st target at 2.40 was hit and it started pushing higher….


All the way up to the resistance at 3.00 where it started to consolidate…


Nothing abnormal given the run we had seen where some profit taking was to be expected….


But just last Thursday again on 19 Oct 2017… we spotted some nice actions above the 3.00 mark….  


A new target was drawn to ride the next phase where inner circle members were alerted again….. Price 3.04!


See below…



For illustration purpose only



We have clearly breached this level today…. With even the 3.50 giving way too…


Looks like there is no stopping this counter for now…


BUT given the spike we have seen over the past 1 month, we would definitely want to take CONCRETE STEPS to protect profits while letting gain ride if still possible….


From the SYSTEM, we actually had a 1ET BULLISH ENTRY SIGNAL on 18 Sept 2017……


Looking at a 107.8% GAIN in 1 month and counting….. and there are still NO EXITS……


What a run we have seen… but can it head to 4.00 next in the next few weeks?  We’ll see.  ;) 



Want to know how to REAP GAINS Like this in the Singapore Stock Market?


Few more seats left for upcoming workshop on the 5th November 2017, Sunday at 2pm to find out more..  >>> https://goo.gl/bUimmk


We’re closed for the year after that…..



For illustration purpose only









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