UK Election backfires

UK elections causing some volatility in the markets overnight.

An early poll indicated an unexpected result, and that proved true.

May’s gamble on an election has backfired spectacularly, so the future of the Brexit negotiations are thrown into greater uncertainty.

You can read more about the elections and its impact in this article here.

https://www.bloomberg.com/politics/articles/2017-06-08/u-k-heads-for-hung-parliament-as-may-s-election-gamble-fails

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STI

Still in this range, although it is hanging on to the higher side.

STI still in a range

Hi-P

Still going.

Be patient and follow system.

Can take a little bit of profit around this $1.00 big figure.

Hi-P is still going strong

GLP

They released an announcement to state the bidders have until the end of June to make firm offers.

You can read about the announcement here.

Should know in a few months what will GLP do.

Be patient and follow system.

GLP receiving bids until end of June

OCBC

Still going strong, breaking new high today.

Be patient and follow system.

OCBC going strong, be patient and follow system

M1

Be patient and follow system.

Be patient and follow system

TSM

Made new highs in the last session.

Be patient and follow system.

TSM still strong, be patient and follow system

Valuetronics

Still going, be patient and follow system.

Valuetronics be patient and follow system

Cityneon

Be patient and follow system.

Cityneon be patient and follow system

Sunningdale

Doing a little bit of retracement now.

As mentioned in previous post we could see around $2.00-05 before we bounce.

Potentially another 2 valid signals which we can take positions with.

Be patient and follow system.

Sunningdale be patient and follow system

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Good trading folks!

The post 9th June Market Update: UK Elections Backfires On May! appeared first on The Systematic Trader | Trading Courses | Collin Seow.