Japfa gets moving and so does MM2!

Let’s take a look at the broad market first.

STI

The STI is struggling to stay above 3050.

In fact, today it has dipped under 3050 a little.

Keep a close watch.

STI struggling with 3050

GLP

Not a lot to do for GLP, just follow system.

Wait to see the outcome of their sale.

GLP still holding, follow system

OCBC

Trying to move higher, it’s been a rough ride.

Get ready to take profits around $9.60

Be patient and follow system.

OCBC poised to rise to greater heights!

Sembcorp Ind

Hang on to the rest of the position, follow system.

Already paid us some money, now follow system with the rest of the position

Japfa

A day after the previous blog post here, price gave a 2nd opportunity to get in around $1.00

Japfa is at all time highs, there’s no telling where it can go.

Take some profit as it goes.

Hang on for the ride, follow system.

Japfa gets moving!

MM2

MM2 moves!

Triggered on 27th, but since that was a half day for CNY eve, I would think most of you were not looking at the markets.

But it’s alright, because MM2 gave us an opportunity to get in on Tuesday at $0.51 trigger price as well.

In fact, it produced a 2nd valid arrow!

Get ready for a slow trend ride.

MM2 moves!

YZJ

The plan is still the same, if STI gets rejected from 3050 and falls, YZJ could be a good hedge.

So we monitor YZJ for any valid signal and check if that corresponds with the STI being rejected from 3050.

Keeping an eye on YZJ

China Aviation

We already had 3 valid signals, so we were waiting for candles to turn red before a fresh set of signals.

Yesterday China Aviation made another impulsive move higher, there is an arrow, but no TIF, so it is not valid.

It is becoming unlikely that we can get a good signal here, so I will stop tracking it on the blog for the moment.

China Aviation isn’t giving us a fresh set of signals yet.

First week trading after the Lunar New Year, so it’s understandable that your gears have been turning slowly since December.

But now it’s time to get those gears moving!

Good trading folks!

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