This is daily chart of SIMSCI futures. It broke out from existing downtrend channel last Friday after a strong day. It is currently facing resistance soon. Directional index has started ticking up after reaching oversold level. And trend index shows a same picture as well. Sentiment is improving though it is still remain negative. It […]
Opportunist series: Stocks for 19-June-2006 onwards
This opportunist series is to capture stocks which experience extreme bearish sentiment and starts rally. Tight stop loss is implemented as broad market sentiment and trend remains bearish. I have found some counters for agressive trading style to capitalise in the rebound rally in the existing downtrend. Almost all of the stocks I have found […]
Chart Eye: Sesdaq daily trend : ended 16-June-2006
So we have seen a strong rally last Friday. It was expected to hear some voices in forums discussing ‘Bull is back to action’. Well, I have decided again to do some analysis on the trend. And this time, I want do something interesting. Firstly, I am looking at daily trend of UOB Sesdaq index. […]
SIMSCI 16-June-2006: Market close
[photopress:simsci_12_full_day.PNG,full,pp_image] There was a second entry opportunity to Long SIMSCI. Due to some personal commitment , I gave up the trading opportunity. Anyway, second entry was at 283.9 with potential exit at 284.8. It was a strong day for SG market, which in turn provides SIMSCI day trading profit oppportunities. I closed the day and […]
RE:SIMSCI 16-June-2006: Potential Long:Trade Closed
12-min SIMSCI Futures [photopress:simsci_morning_12.PNG,full,pp_image] I have closed Long position at 283.1. After watching price action at the area of day high (283.4), uptrend seemed to be getting weaker. This does not mean a reversal is kicking in, it just prompts me for profit taking. Notice about DI+, similar weakness was observed as well. To confirm […]
RE:SIMSCI 16-June-2006: Potential Long
Long position of SIMSCI has been established at 281.9. SIMSCI seems to be gaining strength again. Sentiment remains positive.
