Cityneon lights up our scans! We noticed it looked great for a number of factors which I’ll mention later.

I’m sure you guys have heard the phrase sell in May and go away right?

Looking at the scans, May could be good to us, at least for the time being.

US didn’t raise interest rates in May so the likelihood of raising in June becomes higher.

STI

STI has broken above the 3200 and holding firm for now.

Likely we will see a test of 3200, so don’t panic if STI turns down.

Pay attention to what it’s doing.

If you would like to know how we’re still holding on to the broad STI bullish view through the previous move lower,

Click here.

STI holding above 3200

Hi-P

Still moving, be patient follow system.

Watch the 0.76 and 0.79 levels.

Hi-P is still moving

GLP

Still waiting for the board to release their decision.

Be patient.

GLP still moving, be patient

OCBC

Moving in line with the STI.

Be patient and follow system.

OCBC fnally moving, be patient

M1

If your chart looks a little different, remember to make adjustments for dividends.

M1 is doing well, be patient and follow system with dividends adjusted.

M1 dividend adjusted, moving higher so be patient

TSM

Be patient and follow system

TSM be patient and follow system.

ComfortDelGro

Again, dividends adjusted.

Be patient and follow system.

ComfortDelGro is moving, be patient.

Valuetronics

Be patient and follow system.

Valuetronics, be patient and follow system

Cityneon

Just appeared on our scans on Wednesday and triggered entry on Thursday.

It looked really good because of the way it tested the lows and made a strong bounce, breaking resistances and making a higher low and higher high.

Friday evening, it was revealed that someone had expressed interest to buy over the entire stake of the major shareholder, Star Media Group Bhd.

This company holds the right to the Avengers S.T.A.T.I.O.N exhibition world wide.

You can read the article here.

Looks like we’re in for a good ride once again folks.

Cityneon lights up our scans!

 
If you would like to know how we consistently capture these “lucky” events,

Click here now.

Good trading folks!

The post Cityneon Lights Up Our Scans! appeared first on The Systematic Trader | Trading Courses | Collin Seow.