Sunningdale Tech: Can the selling continue? Price 0.82. The worst may not be over!

Just beginning of last week, we saw Sunningdale Tech approaching the 1.20 support level bearishly.

It has been holding above this support for more than 3 years since 2017 and seems like buyers were not able to hold on any longer..

Some downside targets were drawn as a result with first target being at the psychological 1.00..

From trend indicators, we were starting to see downtrend continue further…

Especially on any firm bearish price actions at 1.20..

See what I mean below. Not a good sign for sure..

A Descending Triangle pattern spotted also which can see more weakness…

A few days passed and we have indeed seen more selling towards the 1.00 support level..

There were some short covering near 1.00 but then..

Buyers were not able to hold too on market weakness and support just gave way too..

Downside target was reiterated to 0.800 as seen below…

More for CFD short positions to ride the downside rather then to hold on to any long positions blindly imo…

Another 15% downside was on the cards as seen below…

Fast forward to today, in just a matter of a few days,

We have seen our 2^nd target at 0.800 hit also..

For now, we are seeing some short covering here too… perhaps those who have shorted previously would like to take profit and cover back some positions…

However, note that selling may not be over.

On more bearish price actions below 0.800, we can see more weakness towards 0.600 as seen in revised targets below..

Downtrend can still continue..

Would want to be cautious of any long positions for now…

As mentioned all along, more to hold CFD SHORTS to ride the weakness…. See where we are below now!

Want to get ideas like these FASTER by WhatsApp as it happens?

Open a free trading account with Joey and his team here, find out why >>>  http://bit.ly/BeJoeysClient

Tech Stocks in Play Again? Which ones in our watchlist? See it here....

Over the past few days, we have seen renewed strength in some of the Technology counters….

Inner circle members were alerted and charts were re-analyze with new targets drawn to ride the upside…

Some of these counters were actually covered 3 weeks back just before the real move began….

Take a look at some of the charts below with targets drawn previously…

1^st target has already been hit for some of them but upside may not be over…

2^nd target still possible…

Just to name a few that we still have in our watch list below, counters are: UMS, Sunningdale Tech, Valuetronics….

System is still looking good for some of them....

Want to get trading ideas like this in your inbox? 

You ought to be a client of Joey. Click here.

UMS – Price now 1.065

For illustration purpose only

Sunningdale Tech – Price now 2.31

For illustration purpose only

Valuetronics – Price now 1.045

For illustration purpose only

Sunningdale Tech: Sell down over past 3 weeks, exit came actually. Now what? Price 1.705

From previous post on Sunningdale Tech about a month back >>> http://singaporetradinginsights.blogspot.sg/2017/05/sunningdale-tech-saw-something-2-weeks.html

We have seen Sunningdale Tech hit a high of 2.20 before some serious profit taking occured as the the technology sector got hit by a sell down in a US tech stock.

As a result, it has been dipping lower over the past 3 weeks, breaking the support at 1.95 and 1.90 before more selling continue.

Yesterday, my inner circle were alerted to a further breakdown below 1.80 when it was at 1.79 where some targets were drawn (See below).

For illustration purpose only

More weakness indeed and it is currently at 1.705 where are seeing some support at the psychological 1.70.

Note that any breakdown below 1.70 on a specific price action can still more selling, so cautious long.

More importantly, I mentioned previously that there were some bullish signals in May 2017 last month which was the reason why we rode the upside in the first place....

But....

The bullish exit signal did came out on 8 June.   

A few days before the heavy selling began. Thank god..

Have a glance at the BULLISH entry and exit signal below and see what I mean.

For illustration purpose only

I am glad PTI grads have gotten out after seeing the EXIT signal and avoided the carnage, with profits locked in still.

Cautious long for now, especially below 1.70.

It is always good to have a system I guess, it keep things simpler and less emotional.... ;)

Sunningdale Tech: Saw something 2 weeks back, then actions again.... price 1.885. System?

Just about 2 weeks ago, we saw some actions in this counter call Sunningdale Tech….

In fact, the system actually showed something… PTI grads can check…..

A bullish entry signal…..

But let’s take a look at the chart below that was shown about 2 weeks back when it was about 1.83….

Arrows still seems to be playing out well…..

After consolidating for about 2 weeks above 1.80, finally we are seeing some actions again today with the target still on track.

So can we see the move towards 2.00 then even 2.20 next as per the arrows drawn above?  J

Well, would be looking to see what the system says…..

And when the exit will come? For now, still looking awesome….

Protect profits for now for those who had locked in together with us….. J

Client of Joey yet? No?  >>>>> Be One, CLICK HERE !

Sunningdale Tech: An exit finally, but is the upside really over? Price 1.81.

Sunningdale Tech has been trending upwards gradually for more than 2 months already since the beginning of February 2017.

About 2 weeks back, I actually had a blog post on this counter when it was just at 1.67. >>> http://singaporetradinginsights.blogspot.sg/2017/03/sunningdale-tech-pushing-higher-indeed.html

I mentioned then that the 1GT BULLISH ENTRY signal on the 1 MARCH 2017, had no exits…. So yes probably we can still see more upside….

True enough, we started to see Sunningdale Tech gaining from strength to strength each day.. and FINALLY.

The exit signal came.

LAST WEEK.

Just before the slight profit taking session. (see what I mean below)

Attend the last workshop, seats are filling fast. CLICK HERE.

For illustration purpose only

That is like a 27.6% GAIN in less than a month from this 1GT bullish signal…..

So now what?

All I can say is that we are seeing some pretty good actions above 1.80 now, BUT more confirmation required…..

System how? We may have ANOTHER RE-ENTRY SIGNAL…. Just saying….  

PTI GRADS can check to see if it comes or came already… J

Want to find out what goes on behind these entry and exit dots or maybe even have a chance to OWN this system?

Attend the last workshop, seats are filling fast. CLICK HERE.

Sunningdale Tech: Pushing higher indeed, Price 1.67. System spotted it!

Following up from last week call, we have indeed seen Sunningdale Tech pushing higher to find a new high today.

Looks set to test 1.70 psychological resistance before some profit taking again, for now, uptrend firmly intact above 1.65.

There was a post on this counter about 2 weeks back where I mentioned about some signals >>> http://singaporetradinginsights.blogspot.sg/2017/03/sunningdale-tech-may-test-150-soon.html

Wanted to do a recap and see what the system says now.

Wow, it was again another home run after the 2^nd entry signal.....

After the 1^st exit, we had another NEW 1GT Bullish Entry signal , 1^st March 2017. Entry price 1.34.

For illustration purpose only

Has been accelerating all the way till today where we are seeing a new high again at 1.675....

What can I say....  No Exits yet....

Let’s see if the 1.70 clears out too....

Want to find out how to not only get hold of this system, but also to understand what goes on behind?

Attend a free workshop >>> http://bit.ly/2b1S2Rk

Sunningdale Tech: May test 1.50 soon, uptrend and indicators firm above 1.40, price 1.44

Following up from previous calls, we have seen the 1.40 resistance gave way as well with it poised to head to test the 1.50 psychological level in the short term.

Protect profits J

From the chart below, we actually had an exit from the previous Bullish 1ET Entry signal....

But the question is: is there another re-entry signal to ride the upside again? 

Looking at the arrows drawn on the chart, seems like playing out well for now.

Find out more in a Free Live workshop. - http://bit.ly/2btxZNP

-----------------------------------------------------------------------------------

Recent Emails:

Sent: Monday, March 6, 2017 2:57 PM
Subject: ****** Sunningdale Tech: May test 1.50 soon, uptrend and indicators firm above 1.40, price 1.425

Sent: Thursday, March 2, 2017 10:46 AM
Subject: ***** Sunningdale Tech: To a new high again, uptrend firm, price 1.35

Sent: Friday, February 24, 2017 9:51 AM
Subject: ***** Sunningdale Tech: A break past next resistance, strong, Price 1.31

Sent: Wednesday, February 22, 2017 9:24 AM
Subject: ***** Sunningdale Tech: Some profit taking expected soon, Price 1.285

Sent: Tuesday, February 21, 2017 9:55 AM
Subject: ****** Sunningdale Tech: Seeing some actions above 1.25, a positive above, system says what? Price 1.265

For illustration purpose only.

For illustration purpose only

Sunningdale Tech: Seeing some actions above 1.25, a positive above, system says what? Price 1.265

After consolidation from 1.20 to 1.25 for more than a week, finally today, we are seeing some actions again with it breaching the temp resistance.

As long as 1.25 holds now, uptrend still fairly intact with short term target to 1.30 then 1.35 firmly.

Looking at the system, we had a 1ET bullish Entry Signal on 4^th Jan 2017. Entry price 1.135.

There are still NO EXITS yet so can the upside still be possible? PTI grads can check.

                                                              

                                          

Looking to find out how to get hold of this system too?

Attend a “FREE” workshop, seats are filling fast….. Click here.

For illustration purpose only

For illustration purpose only

Sunningdale Tech: A Live breakout caught yesterday Morning!!!! Now at 1.33....

Did you manage to get in on time? Let’s see if it can head towards out 1.40 next target….  J

Sent: Monday, April 11, 2016 9:33 AM
Subject: ****************** Sunningdale Tech: Breakout to new high can see new momentum, price 1.25

Sunningdale Tech has cleared above the key 1.20 resistance today to multi year high. This would now be the support for any upward move as long as it maintains above.  Target can be to 1.30 then 1.40 for the short term. Stop loss at 1.185 for any long positions. Has been supported above the upwards sloping channel support line since  2012 and  20 day MA on the verge of crossing the 100 day MA line which can signal a upward trend reversal.

REPOST ****************** Sunningdale Tech: Up trend intact...... 0.200 support now....... price 0.22 (Price now 0.24)

Seems like it has broken out above the 0.22 to 0.225 short term consolidation phase as mentioned to clients previously. More upside likely now, to 0.25 first then 0.30….  J

This Blog highlights "ONLY" some of the calls that our Clients received and "ONLY" after OUR Clients have received it. Be our client now to RECEIVE “ALL”  Technical Trading calls "LIVE", TOP Fundamental research in your INBOX now plus “LIVE SMS”, plus many more value added service. Don’t miss out ! Some have already locked in profits today……..

Click here to Open a Free Trading account !

Sent: Wednesday, July 02, 2014 9:31 AM
Subject: ******************* Sunningdale Tech: Up trend intact...... 0.200 support now....... price 0.22

As mentioned previously last week, any break above 0.22 to 0.23 resistance level can see it trade to 0.25 then 0.30. Volume still strong over the past week and maintaining well. MACD indicator pointing upwards strongly with more confirmation needed from breakout above horizontal resistance levels. As long as still supported above 0.200, short term bullish.

Sent: Friday, June 27, 2014 3:15 PM
Subject: ************** Sunningdale Tech: Up trend intact...... 0.200 support now....... price 0.215

Bullish Setup: 0.205 to 0.215

Target: 0.25 then 0.30

Stop loss: 0.198

Reason: Have broke the critical 0.200 resistance level over the past few days and so far managed to stay above all these while. Likely to trade in the range of 0.20 to 0.22 before more upside can be seen. As long as 0.200 holds as new support now, we are bullish still and can continue to ride. All 3 technical indicators pointing upwards strongly still while volume remains above average. News on Monday that its chairman, Koh Boon Hwee, has roped in two new investors, Popiah King and Yarwood into Sunningdale to raise almost S$25m in gross proceeds for the company could provide some catalyst for more movement in the short term.