Tuesday, December 11, 2018

SIA Engineering: Nearing downside target, worst may not be over! Price 2.41




We have seen some consolidation in SIA Engineering around the 2.50 level…


Some short covering seen after the heavy sell down but buyers were just not able to push it back up firmly…


See the targets that were revealed then again below…


Towards the 2.40 level before it plays out…




Over the past few day, we have witnessed more weakness when the market sold off we are indeed down to the target seen…


Some support seen at 2.40 for now where buyers are doing some short covering…


But DOWNSIDE target can be revised lower on more bearish price action…


In previous post, it was also mentioned that the system had some bearish signals….cautious…


So the question is, is it still there??


Yes, there are still no exitsshhhhhh


that’s all I can say….


PTI grads can check it out and will know why…!


See below what has played out so far when first covered last month…


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Friday, December 7, 2018

STI: Selling down back from key level, 3129 now. Worst may not be over!


Just last week, we spotted a move above the 3100 level which can signal some short term upside..


Hence some targets drawn towards 3200 as seen below where we expected selling pressure to return again..


At the beginning of the week, we have indeed seen the market rallied upwards on news on a truce between China and the US on trade war..


Has neared our upside short term target but…




It seems like sellers are back.. with Dow Jones selling down by more than 800 points over the past 2 sessions…


STI is back to the key 3100 again..


Hopefully that holds, if not, the downtrend can continue further towards the level we have seen last month, let’s see…


Last night, Dow Jones sold off my more than 875 points before paring down its losses on the back of a report of less aggressive interest rate hikes next year….


So some short covering expected today on Asia markets..


See where we are below now…


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Tuesday, December 4, 2018

China Sunsine: Next target on tracked? Price 1.34


Just about 2 weeks back, we spotted some bullish actions with China Sunsine pushing above the 1.16 level…


Some short term upside was expected as seen when it also crossed above the psychological 1.20..


Which was also above the 100 day MA line which can be a sign of upside reversal taking shape…


Some targets were drawn towards 1.25 then about 1.45 as seen below…




Over the past 1 week, we have seen some profit taking near the 1.35 level…


Which is halfway towards our 2nd target..


Seems like buyers are still trying to defend the 1.30 support for now with buy ups seen on any dips…


Target as drawn previously may be on track….


We actually had a 1ET Bullish entry signal on the System, still no exits…


Watching for now… would want to take some profits along the way too..


See targets that were reiterated again last week below…


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