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Author: Collin Seow   |   Latest post: Tue, 24 Apr 2018, 06:51 PM

 

24th April 2018 STI Market Update : US missile strike on Syria, Good or Bad?

Author:   |    Publish date:   |  >> Read article in Blog website


US missile strike on Syria

Syria’s been in civil war for 7 years now.

The recent US missile strike on Syria has done little to change the status quo… or has it?

On the surface, it appears that the missile strike was more for the US president to make a point to the international community, than to actually help Syria in any way.

However, some note that the continued US presence in parts of Syria have provided stability and support at rebuilding.

The missile strike seems to indicate a continued interest in Syria by the US.

A major benefit of US presence in certain parts, also prevented the government, Russia and Iran from returning to those areas and regressing the regions back to a state of chaos struggling amidst the civil war.

If you’d like to know more about positioning yourself in the markets during such times of volatility,

Click here to learn more.

 

STI

Price is testing the recent highs.

Broad trend is up, however we’ve yet to see if the STI can continue higher from here.

This recent range is very wide, we have not yet broken out of it, so trade safe, we could still drop back down to the 3450 level again easily.

STI is still in this wide range

STI is still in this wide range

 

Wheelock

On the day that we got triggered in, the candles turned blue, so we exit at a $0.30 loss.

As warned in the previous post, this isn’t an ideal setup, but we saw some downside potential that was worth the risk.

Wheelock wasn't an ideal setup, but good trade!

Wheelock wasn’t an ideal setup, but good trade!

 

ComfortDelGro

Price did cross $2.18 a day after we identified this opportunity.

So we are certainly happy with our trigger long at $2.12

A second arrow as appeared last week and we’re waiting for another trigger to take us into our second entry for this counter.

ComfortDelGro clears $2.18 so we're looking for second entry trigger

ComfortDelGro clears $2.18 so we’re looking for second entry trigger

 

YZJ

We’re looking at swing short on this counter.

As mentioned a few posts back, this is a volatile counter.

So we’re still in at 1.19 short.

YZJ swing short needs some patience

YZJ swing short needs some patience

 

If you’d like to know more about positioning yourself in volatile markets,

Click here to find out more.

 

Good trading folks!

The post 24th April 2018 STI Market Update : US missile strike on Syria, Good or Bad? appeared first on The Systematic Trader | Trading Courses | Collin Seow.

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