Some view of current market and trading of coming Monday can be found at
Blog and Rants
View of HangSeng and SIMSCI 29-May-2006
Analysis of HangSeng Futures and SIMSCI futures can be found on Traderswin Futures Trading blog.
Stocks mentioned in Forums
I read some interesting counters mentioned in forums. I have done some analysis to check if there is any trading opportunity that suits my trading style. I will post up the chart for counter that provides me trading opportunity.
Here is the list of counters mentioned in channelnewsasia.com forum – market talk.
– Capital land – Correction still in place
– keppel Land – Correction still in place
– Celestial – ignored for the time being.
– AusGroup – correction still in place.
No new opportunity is found for the time being.
Re: Long: SIMSCI 26-May-2006
This 12-min chart of SIMSCI closed.
It appeared to be a mistake by moving stop loss to break even too early. SIMSCI had a nice swing today indeed. Initial stop loss of 291 was not violated at all. And planned target was reached at the last 12-min of trading. It happens in trading. Missing profit.
It appeared to be a mistake by moving stop loss to break even too early. SIMSCI had a nice swing today indeed. Initial stop loss of 291 was not violated at all. And planned target was reached at the last 12-min of trading. It happens in trading. Missing profit.
The market sentiment caught my attention when Nikkei and Hang Seng are gaining above 200 points. A ascending triangle was formed before SG market re-open for afternoon session. These supports my buy decision just above resistance at 292 with stop loss set at 291.
First Target was set at 293.8. I expect this as a fast movement trading.
SIMSCI failed to performed. Instead , after reaching high of 293, it starts to drift down. Trailing stop has been moved to break even point. I am pretty cautious when seeing SIMSCI failed to stay above morning high of 292.8.
Stop loss was triggered. No gain for this trade.
This is a 12-min chart of SIMSCI.
Small caps view
View of small caps based on UOB Sesdaq chart analysis can be found in Traderswin Stocks Trading Blog.
We are not impressed by current rebound.
Long: SIMSCI 26-May-2006
With both HangSeng and Nikkei stays around 200 point gain. I am interested in looking for Long SIMSCI at 292 level.
Initial stop loss is set at 290.9
Chart will be posted after position is established.
