Grab’s recent fund raising brings its valuation to $6 billion, making it the most valuable startup in Asia, surpassing Gojek’s 550 million.

This is amazing for a company which just started in 2012.

The 2 billion funds raised come from Softbank and Didi.

I’m also sure it’s not a coincidence that Softbank was one of Didi’s largest investors.

While we aren’t all able to see such market opportunities as Grab, we can certainly see opportunities in the market to make our money.

Learn how to identify real market opportunties,

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STI

The marketing is still here, be patient and follow system.

As mentioned, trend is still up, but we can expect some pull back to 3250-3270

STI uptrend still in tact.

OCBC

Probably can see a retracement to $10.85-95

Be patient and follow system.

OCBC be patient and follow system.

Wing Tai

The run higher saw an equally quick rejection back down.

We should find some buyers around $2, but if bullish momentum doesn’t come in then we need to get ready to follow the exit rules.

Be patient and follow system.

Wing Tai should find buyers around $2

ComfortDelGro

Be patient and follow system.

We’re seeing some attempts to go higher but don’t seem to have the ability to stay there.

Be patient and follow system.

ComfortDelGro be patient and follow system.

Wilmar

As mentioned in this previous post, when prices were at breakeven and slight better, to consider lightening up on the position since the market mood had changed.

Ard $3.41 might find some sellers.

Be patient and follow system.

Wilmar $3.41 might find sellers

China Aviation

Be patient and follow system.

China Aviation be patient and follow system

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Good Trading folks!

The post 24th July STI Market Update: Is Grab A Vision Of The Future? appeared first on The Systematic Trader | Trading Courses | Collin Seow.