The biggest news event we’re heading into right now is probably the Chinese Government re-shuffling.
It begins on the 18th of Oct, where the 19th Party Congress will select about 200 people to run China.
There consists about 7-9 key persons who meet weekly, 20+ who meet monthly and the remaining meet annually.
So it’s only these 7-9 persons who hold the most power in running China.
Just like them, we need to select the key stocks to lead our portfolio in the following period.
Our universe of stocks is huge, but we need to find a way to narrow it down to the best candidates.
That’s what the powerful screener on TradersGPS does for us within seconds each day.
If you would like to super-charge your selection processes and pick the best stock candidates to run your portfolio
Price broke 3270, and testing it from above now.
It’s testing 3300 now.
We have our exit signal at $3.31 at last.
This takes us out nearly at breakeven.
This gives us about a 3% net gain.
Good trade everyone!
We got out exit signal, we’re out at $2.99
You can see how the system gets you out at the soonest possible indication that things aren’t going our way.
So important to keep losses small.
This is a small 2% loss.
Well managed trade!
We’re still KIV waiting for the signal.
Suspect it might take a while, so be patient.
This popped up on the scans, so let’s review it.
– On the daily, it looks like price is breaking out of a 2 month bottoming.
– Triggered with TIF, first arrow, clearing the highs of the 2 months consolidation.
– On the weekly charts, it seems price is bouncing off a previous area of interest.
– This signal comes on the heels of a strong downtrend, risk of continuation lower.
– The bottoming period is rather short, only 2 months.
– Even if there is upside, we’re seeing the resistance come at $1.25 less than 10% away.
Not the usual setup I would like to take.
If you want to take this trade, don’t be too greedy because upside could be limited and remember to keep to your stoploss.
One of the counters highlighted by our student in the graduates group.
Really nice setup compared to Raffles Medical.
It went to a high of 8% today.
The first arrow wasn’t convincing, but the 2nd signal arrow was more convincing as it broke above the high of this consolidation.
Take your trading to another level,
Good trading folks!