QAF: Sell down below 1.30 today fast. Warning sent, cautious long, price 1.26

Just yesterday, had alerted my inner circle of a potential breakdown below 1.30 when we had a bearish signal on the system.

Specifically a 1ET bearish signal from my Explosive trading strategy.

It was hovering dangerously above 1.30 and look on the brink of breaking it.

It did today. And sellers came in fast.

We can see more selling towards 1.20 before some technical rebound.

Looking at a bigger picture, we can actually see a Bearish Head and Shoulder pattern as highlighted….

But that is not why the bearish 1ET signal came out….

PTI grads will know   ;)

Just be careful below 1.30 now…

Target as drawn yesterday on the chart below may play out….

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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.... ;)

CDL HTrust: Targets still on tracked... Price 1.685.... A note last week!

Just last week we saw some good actions for CDL HTrust around 1.66 and inner circle members were alerted…

There were indeed some bullish signals we got on the system which PTI grads can check…

So far, seems like it is still holding well above 1.65 which is a good thing

Likely to see it test and break the 1.70 for the uptrend to continue..

Not too sure if target 1.80 as drawn below can be hit… J See below what I mean….

For illustration purpose only

UOL: Target hit as predicted and some profit taking seen..... Price 7.98.

About a month ago in May we actually spotted this stock call UOL approaching its key support at 6.80 and a note was sent out…

Was looking at a pretty good rebound where one can possible accumulate since the trend was up too then….

See chart that was sent out on the 18^th May where price was about 6.86…. where we predicted a rebound to probably about 7.30 short term target…

Indeed the rebound occurred over the next few days and it hit 7.30……

But then we saw some new price action about 2 weeks ago again….

And another note was sent out, of course with a new chart with a new HIGHER target again….

See chart below again… Target raised to 8.00…

Today, have seen our target at 8.00 hit and also a slight breached through today.

But seeing some profit taking for now near 8.00 which is normal  given the spike experience today where some might want to take some money off the table...

Arrows drawn has indeed played out nicely over the past 2 months and over the past 2 charts..

Upside may not be over but would also be good to lock in some profits and protect J

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UMS: System triggered exit signal then a furious sell down last week, but now what? Upside over? Price 1.08

Following up from previous post where we were seeing UMS consolidating above 1.20 and our target hit >>> http://singaporetradinginsights.blogspot.sg/2017/06/ums-target-hit-from-previous-post-but.html

Finally we saw this 1.20 support broke down last week furiously.

And down it traded all the way to about 1.05 before finding some stability…

There were some bullish signals that we saw that alerted us to this counter in March and April.…. and up it went all the way till last week.

Just to share that before the sell down last week, we actually saw an BULLISH EXIT signal…. See below.

For illustration purpose only

So now what?

Well, after the heavy sell down, we have seen it consolidate from 1.05 to 1.15 for more than a week and it seems like a new support has been found again.

See what I mean below…

Looking to see any specific price action which can lead the recovery again above 1.15….. 

Not yet for now.

Perhaps we will get a signal on the system again then… we will be checking to see what it says or if any alerts…

Let’s see…. 

Anyway, longer term uptrend still intact above 1.00 – 1.05 for now… J

For illustration purpose only

IFAST: Upside can continue above 1.10... price 1.10, System wise?

We are starting to see more strength in IFAST again given the firm move above 1.00 over the past few days.

Inner circle members were alerted previously too before more strength seen today.

It looks set to test the 1.10 key resistance where we can see more upside above.

Reversal from downtrend to uptrend seems to be intact above 1.00 now.

Let’s see if it can break 1.10 to head to 1.30 and above like the targets drawn in the chart.

What above the system? Well, we saw something nice recently fyi….

Let’s see…. PTI grads can check…. ;)

For illustration purpose only

New Silkroutes: Saw some signs of weakness then a sell down.... More downside? Price 0.53

Just a few days back ,we saw some signs of weakness in New Silkroutes at about 0.625 and a prediction was made with some downside targets drawn on the chart. (see below)

Target was to 0.60 then 0.54 and over the past few days, we have indeed seen more selling and our target hit....

PTI grads were alerted of the imminent breakdown previously.... because there were some signals on the system...

For illustration purpose only

Today, we have even seen a breakdown of our 2^nd target at 0.54 with a low at 0.53 now

Liquidity has kind of thinned out for now but as long as 0.54- 0.55 is a resistance, downtrend seems intact and we may see more selling towards 0.50... cautious long.... J

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SIA Engineering: A new upward phase, did we see something on system? Price 4.09

Following up from previous blog post last month when SIA Engineering was at 3.99 >>> http://singaporetradinginsights.blogspot.com.sg/2017/05/sia-engineering-testing-400-for-next.html

We have seen SIA Engineering consolidated below the 4.00 resistance for about a month before some actions seen recently...

Finally, the break through above the key 4.00 level came a few days back where clients were alerted.

More importantly, PTI Inner Circle members were alerted even earlier to a bullish signal on the system...

Let’s just say we saw something nice and it is still looking nice until we see it is not. Make sense?

We can see more strength towards 4.20 then 4.40 quickly as mentioned if the 4.10 gets out of the way as well... Nice.

Let’s take a look at the arrows drawn on the charts in Jan and May 2017 as per below and see how they are playing out for now....

Seems like prices are still following as drawn... haha. ;)

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For illustration purpose only

For illustration purpose only