Hong Fok: Some actions spotted, uptrend may continue.. Price 0.88

Just last Friday, we spotted some really good actions in Hong Fok with it testing the key 0.85 level where inner circle was alerted.

Has been trading below this key level since March this year and finally some actions.

Anyway, was then at about 0.855 and a chart was pulled out with some targets drawn.

See below what I mean….

For illustration purpose only

Today, we are still seeing more strength and looks set to test our 1^st target at 0.900 soon as drawn…

As long as 0.85 is a support now, uptrend remains intact with more room for the reversal to continue….

Indicators also looking good….

But more importantly, we are still NOT seeing any Exits on my SYSTEM….

Yes we did see some bullish signals about 3 weeks back…. before the move began.. just saying… ;)

Follow UP ****************** Hong Fok: Breakout above 1.00 seen today...... price 1.01... Where to now ?

Previous Accumulate CALL was shared with the public previously 2 WEEKS AGO, did you manage to catch it then ? - http://singaporetradinginsights.blogspot.sg/2014/06/follow-up-hong-fok-consolidating-in.html

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Follow UP************** Hong Fok: Consolidating in wait of next up move..... Accumulate on dips... price 0.905.

Following up from previous post, Hong Fok has traded to a high of 0.95 last week before a slight pull back seen on profit taking….. Current support would be around the 0.88 to 0.89 level. Can consider accumulating on dips for those that have already taken profit earlier above these supports. A break above 0.95 can see it go to 1.00 fast. Have been consolidating followed by a breakout each time, uptrend still intact. Raise stop loss to 0.865 now and continue to ride the upticks.   Enjoy  J

Sent: Thursday, May 22, 2014 10:54 AM
Subject: REPOST ************** Hong Fok: Potential rebound back up....... At 0.805 now (AT 0.835)

Follow up from previous call. May test 0.84 soon and any breakup above it can be positive again still….. Can consider if breakout does occur or can accumulate on dips above 0.80!

Sent: Tuesday, May 20, 2014 4:50 PM
Subject: **************** Hong Fok: Potential rebound back up....... At 0.805 now

Entry: 0.800 to 0.805

Target: 0.84 then 0.90

Stop loss: 0.775

Reason: Break up above psychological 0.800 resistance and also the 20 day short term MA Green line again. MACD on the verge of a bullish crossover which can signal a rebound back up to recent high at 0.84.  A break above 0.84 can see it trade to 0.900…..

REPOST *********** Hong Fok: Potential rebound back up....... At 0.805 now (REPOST - NOW AT 0.835)

Can it break above 0.84 now?

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***************** Hong Fok: Surging to a new high on strength.... now at 0.815.... May head to 0.900 near term..... (REPOST TO BLOG: now at 0.835)

Following up from email to clients on Tuesday, Hong Fok may still be good to go after consolidating from 0.82 to 0.84. A break above 0.845 would see some strenght back again.

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