Following up from previous blog post last month, we have continued to see strength in Delong >>> http://singaporetradinginsights.blogspot.sg/2018/01/delong-still-going-strong-any-exits-see.html
We have actually hit our 2nd target after the post then there were some profit taking on market weakness over the past 2 weeks…
However, over the past few days, we have spotted some reversal price actions in Delong when it breached the 3.60 level…
See chart below where some targets were drawn quickly for the reversal move…
Have hit our 1st target at 4.30 over the past few days and continued to push higher where our target was revised to 5.00…
Seems like we have hit our 2nd target at 5.00 today also and some profit taking for now….
We may see some consolidation from 4.80 to 5.00 before more direction again…
Will be looking for more specific price action above 5.00 for the next phase…
What about the system? Continue below chart.
In previous blog post, it was also mentioned that we had a bullish signal with no exits….
Well, the exit came for that bullish signal last month actually… (see below)
BUT…
System actually had a NEW bullish signal recently….
Just before the rally started…. A few day back actually…
Specifically a 1GT BULLISH Entry signal on 20 Feb 2018….
See what I mean below… YES, still no exits on this one….
Upside may not be over still after some profit taking which is normal…
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Looking forward to launch my seminars in the coming months to share more on the PTI System and the strategy behing, stay tuned. ;)
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