China Aviation has been creeping up since my first post on it here.

My plan was to wait till it broke above 1.475 before taking a signal.

Recently, it cleared that level and so I’m putting it back up here for tracking.

STI

Still holding above 3000.

Just a stone’s throw from 3050.

Will we get resisted from here or push to 3100?

STI approaching 3050

GLP

Still on the ride, up 15-20% from our entry.

Take some partial profits, keep some part running because this could run further still.

Take some money off the table for GLP

OCBC

Consolidating right at the highs, I do think we will see a move higher, so get ready to take some profits.

OCBC preparing for the next push

Sembcorp Ind

Take some partial profits if it will help you follow the system.

We have had a good run up here, about 5-7% already and it could still go further.

Take some money off the table for Semcorp Ind too

ThaiBev

Let go a slight loss of 1 bid on average for the whole position.

It was a hedge in case STI really fell off from 2950.

STI ran up so strongly, but ThaiBev still stayed around our entry level.

Shorting weakness as a hedge, result was breakeven.

Overall, I think this was a really good trade.

Now that STI seems to be showing us where it wants to go, we don’t need this hedge anymore.

Follow system, out for about breakeven.

Venture

Letting this go around 2% from our entry, which is a very small loss as well.

The strong resistance level at $10.20 holds price down this time.

The large profits from GLP, OCBC and Sembcorp Ind easily cover this.

Follow system, the major resistance wins this time.

China Aviation

On our scans again!

Previously I posted when the first arrow appeared on 13th December.

You can find the post here.

Congratulations to those who believed it would go higher and decided to scale in on it.

I will KIV this to see if we can get another signal now that we have broken 1.475 high of the 4 months range.

China Aviation broke that $1.475 level

Food Empire

Top of the scans for Tuesday 17th Jan.

Factors For:

Can see a lot more volume coming in since mid November 2016

Price made a strong move, paused and now continuing up again.

Factors Against:

5th valid arrow already, means it’s too late for us to enter this trade.

Some major resistance coming around $0.60 nearby.

Conclusion: if you’re not already in from the earlier signals, best not to chase this.

Food Empire 5th valid arrow already, no entry

YZJ

Factors For:

Strong downtrend in place

we seem to be rejecting from a previous consolidation area.

Factors Against:

No TIF at the moment.

Support at $0.80 still holding.

Conclusion: Let’s KIV this shall we?

YZJ rejecting from early 2016 consolidation area

So there you go, we’re starting 2017 with a few nice wins and some interesting setups!

Good trading folks!

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