This is an intraday pattern trade. First, negative opening of Nikkei and HangSeng gave me a direction of the day. I would prefer trading on the Short side today. A descending triangle was formed which supports the negative sentiment. Here is a 12-min chart for the morning session.
Short : DMX Tech 25-May-2006
Dmx Tech looks weak. Trend conclusion is possible scene. And sellers’ force are strong. It is currently trading below 150-day moving average. I am interested in watching DMX for possible short sell opportunity. Immediate support : 0.82 First target is set at 0.74.
SIMSCI 24-May-2006 : No Trade
As expected, it was a choppy day for SIMSCI. No position was established as market seems to be directionless. This is 12-min chart. The view of choppy day was built when observing positive Nikkei and negative Hang Seng during morning session. These two leading indices in regional market are contradicting and it was likely to […]
Shorting Candidate : 24-May-2006
I saw DataCraft and Statchipac as interesting shorting candidate for 24-May-2006. Position has not been established yet. As market tends to be moving sideway. Nikkei is trading is positive territory as well. I would like to watch further before taking any action. Datacraft daily chart statChipac daily chart
A Better trader everyday
I am actively trading Singapore stocks and Futures market. It is a long journey to become a better trader. Non stop learning is the key to be better. Technical analysis is my trading approach. I will invite other traders whom I feel they can offer some valuable experience or information to reader to contribute to […]
