While the market is pausing at the moment, it’s been an eventful start of the week for some counters.

US markets have yet to pop up into the next leg up as well.

I know it’s only been a couple of trading sessions since our last update, but I wanted to share something exciting with you.

We will be conducting a FREE workshop tomorrow evening.

If you would like to know how TradersGPS can help you improve your trading results,

Details here!

STI

STI is still holding above 3250.

Uptrend is still in tact, be mindful that retracements can happen.

Especially after key levels are broken but momentum doesn’t kick in.

STI eventful monday for stocks.

Hi-P

Still going strong.

Gave out a cash dividend of $0.004

Be patient and follow system.

Hi-P is going strong, just gave dividends of $0.004

GLP

The board still has not decided on the winning bid.

Be patient and follow system.

GLP still waiting on board’s decision

OCBC

OCBC is trending well.

We’re looking at 10.70 and 10.90 as the next levels to challenge price.

OCBC is still going strong.

M1

Be patient and follow system.

If this chart looks different for you, it is because this is the dividend adjusted chart.

M1 be patient and follow system

TSM

$35.80 is holding TSM down for the moment.

Be patient and follow system.

TSM is facing some resistance just under $36

ComfortDelGro

Released their earnings report on friday for the first quarter of the year.

While they increased net profit, revenues fell.

They also highlighted a tough road ahead for the company with expected revenue declines across all business units.

This is likely the cause of the drop.

As mentioned in the first post here, there is a risk noted when we highlighted this counter.

Its industry is being disrupted by technology, hence it would be a little more jittery to negative news.

That said, please follow the system.

No harm is exiting part of the position now for a slight loss as a risk management measure.

ComfortDelGro feel free to reduce size if you are not comfortable with the trade, otherwise follow system.

Valuetronics

Currently testing the previous consolidation’s highs, so it’s a healthy move for now.

No need to panic, just be patient and follow system.

Valuetronics testing potential support area.

Cityneon

The stake was sold at $0.90 that’s why price dipped in trading today.

However, not to worry, price could still continue trading higher as the price was set on a willing buy willing seller basis.

You can read more about the deal in this article here.

Be patient and follow system.

You can wait for candles to turn red, or use the dynamic support and resistance lines to manage your trade.

Cityneon sale price lower than expected, be patient and follow system.

The week has only just started, also we are in the month of May.

Do consider scaling back and taking profits on your portfolio.

If you would like to find out more about the TradersGPS system, come for our Free workshop tomorrow evening, 16th of May.

Details here!

Good trading folks!

The post 15th May Update: Eventful Monday For Stocks appeared first on The Systematic Trader | Trading Courses | Collin Seow.