Here is the Singapore’s quarterly growth rate.
China Aviation is back on my watchlist again.
It finally did a retracement to a level of interest, so we can stalk for a fresh round of signals.
The STI is also back above 3100, probably aided by the news this morning.
Singapore GDP jumped a surprising 12.3% in the last quarter of last year, a strong rebound from the brink of technical recession.
You can read about it in this article.
We reacted off the previous resistance and back above 3100 today.
Up trend still in tact.
Some bids have already come in early February, you can read about it in this article.
So we’re waiting on the decision by the board for the winner.
If you managed to hang on to your position all the way until now without taking profit, I suggest you do take some before the announcement.
Trend is still intact, be patient and follow system.
Let’s see if it can go beyond $3.30 for more profit.
If you’re a die-hard fan and still in OCBC, follow system.
We are at a previous resistance area which may hold as support.
The trend is not broken yet.
China Aviation has finally done a retracement back down to a previous resistance area!
This level should have some buyers coming in to support.
So we are now waiting for TGPS signal to trigger us into a trade.
We’re finding some support around the previous high at $0.99
Might see a move down to test $0.96 if it doesn’t bounce up from here.
Nevertheless, be patient and follow system.
Slow ride, so be patient.
Previous high around $0.49-50, we should see some reaction there.
But it shouldn’t drop under $0.46
Hong Leong asia
Congratulations everyone on this trade.
First bearish candle out on tuesday, so if you had managed to hold until here, do take some profit off already around 1.30
Highest point was 50%!
Cogent is reaching a resistance area.
Have a good weekend folks!