STI

The STI is setting the tone for our positions so far.

It’s just been just holding around 3000.

Something worth noting, it has run up here on lower volume than the previous swing up.

Trump is officially in office, and he has been undoing some of the things initiated under Obama’s administration.

As expected, his actions are rather unsettling.

Keep nimble, this could be a really good period for traders.

There will be a lot of noise in the markets, which means opportunity! But don’t lose sight of the trend.

STI still hanging on to 3000, will we see higher?

GLP

Still holding.

Follow system.

Still holding, sit tight for a long ride.

OCBC

Still holding, follow system.

OCBC is holding, hasn’t done the push up year.

Sembcorp Ind

Still going, follow system.

Sembcorp Ind is still climbing, hold on for the ride!

China Aviation

We will likely need to see it hold a while before the next valid signal appears.

China Aviation might need a pause before we get another valid signal.

YZJ

Still holding that $0.80 level.

Watching for a valid signal to accompany the break down.

Best in scenario if STI also rejects 3050 or gives up 3000.

YZJ is preparing to make a move lower?

MM2

Something new on our scans.

MM2 just popped above $0.50 with a strong break of resistance with unusually high volume these past 2 days.

In case you want to know what this company does, you can find out more here.

Factors For:

Break of resistance with high volume.

Strong up trend in place. No signs of bearishness anywhere at the moment.

Although it is doesn’t move fast, it has nicely swinging price movements.

2nd valid signal after a retracement.

Factors against:

No significant technical factors against of note really.

Conclusion: Looks like a good one, but expect a long, slow ride.

MM2 has a very strong trend in place.

The Lunar New Year is approaching really soon, time to do some spring cleaning, cut your hair, buy new clothes and shoes etc.

Most importantly, make some money for all the shopping!

Good trading folks!

The post MM2 Has A Very Strong Trend! appeared first on The Systematic Trader | Trading Courses | Collin Seow.