Over the past 2 weeks, we have seen a pretty impressive run in COSCO SHP SG…
The stock has gained 51 per cent over the past week, and 95 per cent over the past two weeks.
The stock's current rally occurred shortly after Chinese shipbuilder Yangzijiang Shipbuilding reported better-than-expected third-quarter earnings.
That was also just after Cosco announced a S$490 million cash buyout at S$1.02 per share of Singapore-listed logistics firm Cogent Holdings on Nov 3.
The stock has since began its aggressive push to a high of 0.61 today…
We have covered this stock last week with targets drawn and revised higher with each passing day…
Seems like we are seeing our targets breached again….
See the 2 charts below before we look at the SYSTEM below…
Targets drawn on 7 Nov 2017 Last Week
For illustration purpose only
Revised Targets drawn on 13 Nov 2017 Yesterday
For illustration purpose only
From the targets above, we can see that our manual analysis target at 0.65 may still be on tracked…
We may still see some profit taking near there…
BUT MORE IMPORTANTLY, we did had a BULLISH ENTRY SIGNAL on this counter…
Specifically on my 1ET Strategy….. On the 1st November 2017…
Yes, even before the announcement was made on 3rd Nov as seen above and even before the move began….
Entry price 0.31!
See what I mean below.
For illustration purpose only
Looking at A 91.4% GAIN IN 2 WEEKS AND COUNTING because…
There is still NO EXITS……..
So can there be more upside from here?
Why not… we’ll see where it takes us and when the exit signal will come….
But having said that, we would like to take concrete steps to protect profits at this juncture….
Super excited to welcome my next batch of PTI students in less than 2 weeks time to share with them why the signal is there…. And the concept behind!
Isn’t that more powerful, don’t you think?
Anyway, we are closed for this batch already apologies.
The next one will probably be in May or June next year… More details here for now >> https://goo.gl/sSSy2r
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