Since the last blog post, we’ve seen a few of the charts we’re following, trigger some good entries.
A lot of tension in the world right now, with Trump dancing with North Korea’s leader.
But Hi-P and Genting are giving us good runs still.
If you’d like to learn how to identify stocks preparing to make big moves, and how to take advantage of them,
The STI continued to climb, but these 2 days have nearly wiped out all the gains over the past 2+ weeks.
So it’s a good time to take some profits off the long positions.
Uptrend is still intact, we are quite near the previous major highs of 3550.
We got our signals on Genting!
Since the first entry, price has moved 11%.
First valid signal at $1.23
Second valid signal at $1.285
Currently price is at $1.33
We are in a prior area of consolidation from back in 2014, so be ready to take some profit around here.
Next level we might react from is around $1.42
Be patient and follow system.
Since our entry at $1.555, price has made a good 30% move higher.
The third and last valid entry we can take is at $1.80
The previous historical high was $1.98 and yesterday price went to a high of $2.08 so you can look to take some profit around $2.00
Otherwise, be patient and follow system.
No second signal and the candles have turned blue.
We will stop tracking this setup now.
Candles have turned blue and kicked us out of this trade for a small loss.
Our entry was at $2.10 so a small 5% loss.
Can’t win them all, but our winners more than cover for the small losses.
Good trading folks!
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The post 15th Nov STI Market Update: Hi-P Gains 30% From Our Entry appeared first on The Systematic Trader | Trading Courses | Collin Seow.
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