September and October tend to be more cautious months.
Moreover, we have that North Korea issue brewing up there.
Don’t be too heavily invested into the markets.
Short positions have triggered, but just as the STI is testing 3200 support, not the ideal scenario to take shorts, so make sure to manage your risks.
If you’d like to learn a systematic way of knowing what to do at every turn in the market,
We just tested the lower end of the broad range identified since this post here.
We have a couple of shorts triggering today, which is not so good since STI is testing support.
Exit triggered at $2.09
We were a little late to consider taking profits near the 2.17 area, price didn’t give us another chance after we mentioned it in this post here.
A small but good win.
Good trade everyone!
It’s been a rough ride, but we have taken profit, so just manage the position.
Be patient and follow system.
We have the 2nd valid signal to short, just triggered today.
An observation to note, is that we’re triggering this short when STI is testing the 3200 support level.
Watch your risks, it’s the 2nd entry adding on to the first position.
We seem to have a clear path to around $1.50, so be patient and follow system.
Finally triggered a short at 2.93 as well.
However, it’s on a day when the STI is testing support, manage your risks.
This is the first position we’re taking on Sembcorp Ind.
Around 2.78 is a likely first target if we can clear the 2.86 area, so just take note.
Mandarin Oriental up over 20%!
Mandarin Oriental up over 20% today, we highlighted this counter when it made the first arrow in this post on 5th Sept.
We emphasized that future signals are worth watching because this consolidation looked like a launchpad for another leg up.
True enough, we got 2 more valid signals with TIF just 2 days later.
Just today alone, the counter is up over 20%!
Really like rocket lift off from the launchpad eh?
If you’d like to learn how to pick counters like Mandarin Oriental,
Good trading folks!