We’re into June and the markets have been losing some upside momentum.

The trend is still up, now the market just requires some patience as the STI is waiting to pounce.

In the mean time, t’s better to position ourselves long than short.

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STI

Still holding this area, we could spend some time in this area since it’s June, although the US markets are cracking new highs.

Overall, Better to be net long than short.

STI waiting to pounce

Hi-P

Just broke the recent high and still going.

Be patient and follow system.

Hi-P is going higher.

GLP

The main news which every one is waiting for is the board’s decision.

Be patient, follow system.

GLP board has not yet announced a decision

OCBC

Still going, be patient and follow system.

OCBC is still going, be patient and follow system

M1

Still hovering in the same area.

Be patient and follow system.

M1 is still going, be patient and follow system

TSM

Still moving higher.

Be patient and folow system.

TSM is still going higher, be patient and follow system

Valuetronics

We tested the previous highs and they seem to have held.

This is the dividend adjusted chart for Valuetronics, be patient and follow system.

Valuetronics is still going, be patient and follow system.

Cityneon

We broke above the highs, came back for a retest and we seem to be making a bullish reaction.

Be patient and follow system.

Cityneon broke higher, be patient and follow system.

Sunningdale

Waiting for next signal, we could see it come back to test around $2-$2.05

Sunningdale be patient

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Good trading folks!

The post Market update 5th June: STI waiting to pounce. appeared first on The Systematic Trader | Trading Courses | Collin Seow.