STI testing 2950 zone once again.
Before we take a look at the charts, do note that there is an update for Chartnexus this week.
So if you have been experiencing strange issues with Chartnexus, do get Chartnexus updated.
Notice the TIF indicator for TGPS is now two shades of green instead of red and blue?
Good, that means you’ve updated successfully.
First trading week of 2017 and we’re seeing STI testing 2950 again in a short span of time.
The momentum is still bullish for the markets, thus, STI testing 2950 resistance area again.
Unlikely to break through so easily, so do take some profit off the table, but hold something in case we do break higher.
FINALLY. GLP breaks higher on news that they are looking for someone to take over the company, valuations put the sale price around $2.60 – $3.00
Technically it’s safe to take some profit in this 2.40-50 area.
Follow system and see where this ride takes us.
We got that buy arrow we were waiting for, but wait for the trigger if you’re looking to play this one.
bear in mind 9.45 9.6 are levels of resistance, likely will get cleared if STI tests 2950 and breaks through.
In which case, we could see $10 next.
Also another one which has finally decided to start moving again.
we have broken the previous swing high but not closed above it.
ThaiBev is hold down quite well despite STI’s strength.
If you think the STI will break higher from here, just trim a bit of your position a little, otherwise just follow the system.
This was a bit of a disappointment, we made a run for the 10.20 level and got turned back down.
I don’t like how it’s playing out, but I believe the potential reward is huge.
Stick to your trading plan and follow system.
Bouncing off the $0.88 level, no signal to buy yet.
Overall a good start to 2017!
Good trading folks!