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Author: Collin Seow   |   Latest post: Sat, 9 Dec 2017, 12:51 AM

 

11th Oct STI Market Update: Do You Have The Right Leaders For Your Portfolio?

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Right leaders for your portfolio?

Right leaders for your portfolio?

 

The biggest news event we’re heading into right now is probably the Chinese Government re-shuffling.

It begins on the 18th of Oct, where the 19th Party Congress will select about 200 people to run China.

There consists about 7-9 key persons who meet weekly, 20+ who meet monthly and the remaining meet annually.

So it’s only these 7-9 persons who hold the most power in running China.

Just like them, we need to select the key stocks to lead our portfolio in the following period.

Our universe of stocks is huge, but we need to find a way to narrow it down to the best candidates.

That’s what the powerful screener on TradersGPS does for us within seconds each day.

If you would like to super-charge your selection processes and pick the best stock candidates to run your portfolio

Click here.

 

STI

Price broke 3270, and testing it from above now.

It’s testing 3300 now.

STI past 3270

STI clears 3270

 

Wilmar

We have our exit signal at $3.31 at last.

This takes us out nearly at breakeven.

This gives us about a 3% net gain.

Good trade everyone!

Wilmar good little trade!

Wilmar good little trade!

 

Sembcorp Ind

We got out exit signal, we’re out at $2.99

You can see how the system gets you out at the soonest possible indication that things aren’t going our way.

So important to keep losses small.

This is a small 2% loss.

Well managed trade!

Sembcorp Ind well managed trade!

Sembcorp Ind well managed trade!

 

Genting

We’re still KIV waiting for the signal.

Suspect it might take a while, so be patient.

Genting be patient

Genting be patient

 

Raffles Medical

This popped up on the scans, so let’s review it.

Factors for:

– On the daily, it looks like price is breaking out of a 2 month bottoming.

– Triggered with TIF, first arrow, clearing the highs of the 2 months consolidation.

– On the weekly charts, it seems price is bouncing off a previous area of interest.

Factors against:

– This signal comes on the heels of a strong downtrend, risk of continuation lower.

– The bottoming period is rather short, only 2 months.

– Even if there is upside, we’re seeing the resistance come at $1.25 less than 10% away.

Conclusion:

Not the usual setup I would like to take.

If you want to take this trade, don’t be too greedy because upside could be limited and remember to keep to your stoploss.

Raffles medical weekly support

Raffles medical weekly support

 

Raffles Medical Daily chart

Raffles Medical Daily chart

 

Hi-P

One of the counters highlighted by our student in the graduates group.

Really nice setup compared to Raffles Medical.

It went to a high of 8% today.

The first arrow wasn’t convincing, but the 2nd signal arrow was more convincing as it broke above the high of this consolidation.

Hi-P is a more ideal setup

Hi-P is a more ideal setup

 

Take your trading to another level,

Click here.

Good trading folks!

The post 11th Oct STI Market Update: Do You Have The Right Leaders For Your Portfolio? appeared first on The Systematic Trader | Trading Courses | Collin Seow.

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