Hi-P: A high of 1.50 before profit taking... but system says? price 1.455

In the last blog post more than a week back, I mentioned about having some bullish signals on the system...


.. and that upside was still possible despite the run we have experienced then..

>>> http://singaporetradinginsights.blogspot.sg/2017/08/hi-p-2nd-target-hit-profit-taking.html

Over the past few days, some clients have asked if there are any exits....more on that in a bit.

We have started to see Hi-P pushed higher today and indeed touched our higher revised target at 1.50...

Traded up to a high of 1.50 today before some profit taking came back which is normal by the way

Nothing unusual... Given the spike we have seen..

See where we are below LIVE...

For illustration purpose only

To do a quick recap based on the system below, we did had a 1GT BULLISH ENTRY SIGNAL ON 21 Apr 2017, Entry price 0.705..

And there was a subsequent EXIT in June....

It started to move sideways for about 2 months where there were some positive entry and exits and finally....

For illustration purpose only

On 2^ND AUG 2017, about 2 weeks back, we had another 1GT BULLISH ENTRY SIGNAL....

Entry price 1.085..

Just before the recent massive rally....

Looking at another 37.3 % GAIN in 2 WEEKS and congrats to those who have locked in some profits near 1.50 BUT......

... the thing is, there are still NO EXITS as of now...

System aside, we are seeing a slight bearish candle currently due to the sell down today but upside can still continue above 1.40 imo..

Will be monitoring with my inner circle..  ;)

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Weakness spotted !! Starhub, Spackman, Raffles Medical, M1, DairyFarm. More selling to come?

Over the past 1 – 2 weeks, we have seen strength in some of the counters that we have covered like Venture, Hi-P, YZJ Shipbldg and Citydev etc which have surged to a new high….

Calls were made to protect profits and also to lock in some gains given the run we have experienced…. 

We are still NOT seeing exits in some of them actually even though there are some profit taking which is normal after the rally… 

PTI grads can check system..

However, the market is not all good and rosy for some other counters.

In fact we have already spotted weakness in these counters whose downtrend has been continuing to play out as per our downside targets drawn over the past few weeks to months…

I hope no one is holding on to these counters blindly…

I mean why not think about riding the WEAKNESS of WEAK counters like some of us already have and may continue to do so?

Make sense?

For strong counters, we ride it up. For weak counters, we ride it down. It’s really that simple.

Anyway, cautious long position if you are still holding as mentioned in note to clients many times…

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Let’s see what are the downside targets drawn and what was sent below..

Starhub – Still looks like heading towards our target at 2.50…. Not good when it broke the 2.70 last week already. Price 2.54

For illustration purpose only

M1 – A New recent low today again as it approaches 1.70 target, hope that holds too if not to 1.60 as drawn? Price 1.71

For illustration purpose only

Raffles Medical – 1^st target hit, what about the next one? Price 1.10

For illustration purpose only

Spackman – Pushing lower towards next target, price 0.105

For illustration purpose only

DairyFarm - Breaching next support... more selling below 7.50 possible. Price 7.48

Jadason: A rebound back again after the rest? Price 0.112

Following up from previous blog post about 2 weeks back where I mentioned about a bullish exit on the system before the sell down >>> http://singaporetradinginsights.blogspot.sg/2017/07/jadason-exit-signal-came-then-sell-down.html

We have actually seen Jadason stabilize and consolidate from 0.095 to 0.105 over the past 2 weeks, without much actions.

However, just last week, we saw some positive price action and inner circle were alerted with targets drawn.

See chart below what was sent.

For illustration purpose only

We did see some actions over the past few days again with it breaching past 0.110 today too.

As long as 0.110 holds, we are short term positive.

Target to 0.120 then 0.125 as drawn?

Let’s see how it plays out.

We saw something nice on the system recently too.... shhh..

Looking forward to impart my 2 core strategies to my next batch of PTI students who will have access to the system... ;) 

Will be launching some seminars soon.

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Venture: Target HIT, but more upside still possible... Price 14.64

Just last Wednesday morning, we saw some really good price action in Venture when it approached the 13.50 level...

It moved quickly to about 13.53 and...

Inner circle members were alerted through the what’s app group....

With targets drawn of course on chart....

1^ST target was about 14.50 in the short term imo then.. see below what was sent

For illustration purpose only

Over the past few days, we have seen some consolidation above 13.50 and some bullish candles were spotted again...

Today, it has breached the 14.00 resistance furiously and has also broke the 14.50 level as per target drawn.

Uptrend still looking intact and target revised upwards to 15.00 probably....

We would like to take concrete steps to Protect profits at this juncture  ;)

See where we are below now...

For illustration purpose only

Hi-P: 2nd target hit, profit taking normal, upside still possible... Price 1.185

Following up from previous blog post last week where I mentioned about seeing something nice on the system for Hi-P and more upside >>> http://singaporetradinginsights.blogspot.sg/2017/07/hi-p-uptrend-firm-above-105-now-price.html

We were then at 1.065 and uptrend was still firm above 1.00 as mentioned.

See the chart that was shown last week again below.

Upside targets were at 1.10 then 1.20 as drawn also.

For illustration purpose only

Over the past week we have seen some bullish candles and Inner circle members were alerted again...

Finally, we saw the 1.10 resistance gave way yesterday and up it surged, fast!

Today it has hit our 2^nd target at 1.20 as drawn above too with a high at 1.23.

Selling came in almost immediately due to huge spike over 2 days with it trading at above 1.185 now. Normal I would say.

Hopefully we can see some support found again before the upside continues.

System wise, still looking good ;)

See where we are now below!!!

For illustration purpose only

YZJ Shipbldg: Rebound caught, target hit. Some profit taking seen but upside may not be over. System says? Price 1.495

Just on Monday morning, we saw some positive price action with it rebounding from the 1.30 support strongly.

Mentioned then that we can see momentum building up further before the upside continues towards 1.50...

A note was sent with some targets drawn when price was about 1.365 then...

See what I mean below.

For illustration purpose only

Over the past few days, we have indeed seen more strength with the 1.40 temp resistance giving way too...

Some consolidation above and....

Finally, we have touched our target at 1.50 as drawn in above chart...

See where we are now below...

For illustration purpose only

After this amazing rally, we can see some profit taking for now which is normal… but…

Upside may not be over yet…

Especially if we see some specific price action above 1.50 next… which can lead the next upwards phase…

What about the system??

We did see something nice few days back… shhh… PTI grads can check.

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CityDev: Next target in range.... some profit taking expected there, price 11.78

About 2 weeks back, we saw some actions in CityDev when it actually managed to break the 11.00 key resistance...

That was the level it has traded below since the beginning of the year which was something meaningful.

Therefore it was on my watchlist and a note was sent out together with targets drawn on chart...

See where we were below.  Price was around 11.18.

For illustration purpose only

It had then consolidated briefly above 11.20 over the past 2 weeks and finally a push above 11.50 yesterday to give way to more momentum.

Uptrend looks intact for now above 11.50 – 11.60 honestly...

More importantly, we did have a BULLISH 1ET Entry signal on the signal...

Just before it began it's recent rally....

on 19 July 2017.... ;) PTI grads would know why...

In addition, this stock was also mentioned in my 2^nd Half 2017 Market Outlook seminar on 1^ST July 2017  along with another 5 stocks.. Uptrend intact.

See where we are below now...

For illustration purpose only

Raffles Medical: Target breached, but downside still possible, cautious, price 1.24

Just last month, we saw a breakdown of the 1.35 support level and a note was sent out.

It was then at about 1.34 and we were waiting for more confirmation for the downside..  it came eventually.

See below where we were in the chart which was sent out with downside targets drawn.

For illustration purpose only

Targets already breached but downside may not be over....

Over the past 3 weeks, we have seen Raffles Medical consolidated from 1.26 to 1.30 without much actions but today...

Some heavy selling spotted again with a breakdown of the 1.26 and 1.25 support as of now.

As long as it stays below 1.26 now, we can expect more weakness in the short term as mentioned, with targets to 1.20 then 1.10. Cautious long.

Downtrend intact firmly below 1.30 . See where we are at now below...

Did we get BEARISH SIGNALS ON the system all this while?  Shhh....

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For illustration purpose only