There have been a few good setups for shorts recently, the market sentiment is on the risk on side especially after North Korea’s continued missle testing.
Things must come to a conclusion sooner or later, so this is a possible market catalyst as well.
Out of all the setups, one looks particularly interesting, Yanlord!
This company began back in 1993 and has its roots in Shanghai, China.
Currently, Yanlord is still very active in the Chinese property market.
If you’d like to learn how to systematically identify opportunities in the market,
Price is caught in that 3250-3270 zone.
Today price is making an attempt to move out of this range and head higher.
It’s a short week, so don’t keep your hopes up.
Keep an eye out for the setups.
Finally triggered an exit, so we’re out just under $11
Great trade, good ride from $9.36 including $0.36 worth of dividends!
Good trading guys!
Still going, $2.17 proving to be a level of interest.
Consider taking some profit around there, but the main level of interest is around $2.26
Be patient and follow system.
Price reacted to our $2.15 level and profit was taken as talked about in our previous post here.
Comfort released news that it would explore working with Uber, which resulted in the bounce in price.
Don’t know if it will work out well, but for now, price is telling us the ride is over.
Candles turned blue an triggered an exit yesterday at $2.30
Net result of this position should be about breakeven.
$3.10 touched and reacted stongly.
I hope you took some profit at that level as suggested in previous post here.
The remaining position should still be in.
Neither exits have been triggered.
Be patient and follow system.
Dropped under 1.600 and candlesticks have turned red, so we are not interested in it anymore.
Still no signal.
Be patient and wait for a valid signal.
Seems like it’s ready to make a move lower for the immediate future.
It made a consolidation at the top of a run up, then broke support, came back up to retest the previous consolidation, paused, and today is attempting a break lower.
The setup lacks the TIF so we just need to wait for that.
It looks like this counter is free to run down to about 1.50-1.55
Be patient and follow system.
If you’d like to learn how to position yourself and manage your risks systematically,
Good trading and long weekend folks!
The post STI Market Update 31st Aug 2017: Yanlord ready to drop? appeared first on The Systematic Trader | Trading Courses | Collin Seow.
Created by Collin Seow | Aug 14, 2024
Created by Collin Seow | Jul 31, 2024
Created by Collin Seow | Jun 26, 2024
Created by Collin Seow | May 29, 2024
Created by Collin Seow | May 15, 2024
Created by Collin Seow | Apr 24, 2024