The Systematic Trader | Trading Courses | Collin Seow https://www.collinseow.com Learn a proven back-tested trading strategy and make money full or part-time Fri, 28 Apr 2017 05:25:53 +0000 en-US hourly 1 25400563 Elec & Eltek: Dividend Gem Backed By Acquisition Value https://www.collinseow.com/elec-eltek-dividend-gem-backed-acquisition-value/ Fri, 28 Apr 2017 02:45:04 +0000 https://www.collinseow.com/?p=9453   Here’s another post by our guest writer who has extensive experience with analyzing the fundamental side of things.   Elec & Eltek International Company will announce a buoyant set of earnings in next month. According to preliminary estimates, the company submitted a regulatory filing to SGX that earnings in the quarter will jump more […]

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Here’s another post by our guest writer who has extensive experience with analyzing the fundamental side of things.

 

Elec & Eltek International Company will announce a buoyant set of earnings in next month. According to preliminary estimates, the company submitted a regulatory filing to SGX that earnings in the quarter will jump more than 170% compared with the same period last year.

As a background, Elec & Eltek manufactures Printed Circuit Board (PCB) that is used in personal mobile devices, cars, computers and a vast array of consumer electronics. Parent-company Kingboard Chemical took one of its subsidiaries private, fueling speculations that Elec & Eltek- as one of the subsidiaries- could be privatized as well.

We put forward a case of acquisition by its parent-company Kingboard. First, Elec & Eltek has decreased investment into its own business. Capex per revenue dollar dropped from 7.2% in FY10 to 4.7% last year, hitting a high of 11.9% in FY11.

Elelc & Eltek investments

Elelc & Eltek investments

 

Second, significant related party transaction. An undisclosed single customer, believed to be Kingboard, increased its invoice with the company between FY11 and FY16 at a compounded rate of 8.8% p.a. to USD95.4m. Meanwhile, dividend payout is aggressive into the pockets of parent company with little regard for future earnings growth. Even in loss-making FY15, shareholders received 3.8% dividend yield.

Third, directors and management have cross shareholdings in Kingboard. Furthermore, an independent Board of Director has resigned with no replacement to restore a rigorous corporate governance structure.

Lastly, there is cost synergy between the company and Kingboard, as they have similar business units. As one of the leading PCB manufacturers, Elec & Eltek could barely breathe. Hence, smaller-scale peers are expected to struggle in the current economic landscape. A wave of consolidation amongst PCB manufacturers should bring about firmer profitability for the wider group.

The PCB market is fiercely competitive. In FY16, Elec & Eltek recorded before-tax profit of USD 11.7m on USD 472m revenue, translating to a meagre 2.5% margin. The same metric was in the red a year ago, as compressed pricing in electronics weigh heavily on its profitability.

Last year, management decided to focus on higher-margin products, namely manufacturing PCB for the automotive industry. Sales and margins ticked higher, with a profitability boost that extends to the current quarter. Riding on the tailwind of Chinese manufacturing sector expansion that began since Oct 2016, earnings momentum is set to gain traction into the year.

Elec & Eltek is essentially a dividend play. Management has anchored the portfolio by leasing its factory space in Hong Kong, generating a sustainable USD 5.9m in passive rental earnings annually.

With stable rental income, the wildcard, ironically, will come from its core manufacturing business. Despite the return to profitability on higher-margin products, business volume remains critical to drive earnings.

Stronger profitability of Elec & Eltek lifts expectations of resumption in interim dividend come August 2017. It will be in line with earlier years when the PCB manufacturer was in the black.

Elec & Eltek dividend gem

Elec & Eltek dividends

 

Valuation of Elec & Eltek is undemanding, considering the price Kingboard Chemical Holdings paid for its supplier Kingboard Copper Foil (pending delisting on SGX). The transaction occurred at 12x EV/EBITDA for the core copper business. For a low-margin PCB manufacturing business, we apply the transacted multiple 6.8x EV/EBITDA between TTM Technologies and Viasystems. Thus, Elec & Eltek is easily worth USD 365m, or USD 1.95 per share.

On a P/E basis, the company trades at 24.5x, while peers trade at wide variance. Taiwanese PCB manufacturers are cheapest at an average of 18x P/E, while non-Taiwan-listed manufacturers are either loss-making or trade at close to 40x P/E.

We view Taiwanese manufacturers as value play with limited expansion scope into the mainland Chinese market. A conservative 35% earnings expansion would compress the FY17 forward P/E of Elec & Eltek, trading in line with the average of Taiwanese peers.

Profit-takers may put downward pressure on the share price that is just a whisker from its 52-week high. However, we are positioning for a bumper harvest with a potential dividend yield of 7% (USD 0.06 in May + summer special) on current share price.

 

Have a great Labour day weekend folks!

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New pick for 24th April: ComfortDelGro! https://www.collinseow.com/new-pick-24th-april-comfortdelgro/ Tue, 25 Apr 2017 08:25:54 +0000 https://www.collinseow.com/?p=9408   We had an eventful start to the week, with the focus on the French Elections. Up this week and next week, we also have interest rate decisions from ECB and the FED. This week we have a familiar name pop up on the scans! If you would like to find out more about the […]

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We had an eventful start to the week, with the focus on the French Elections.

Up this week and next week, we also have interest rate decisions from ECB and the FED.

This week we have a familiar name pop up on the scans!

If you would like to find out more about the TradersGPS system and how it can help you,

Click here!

More on it later, first up is the STI.

 

STI

The STI’s candles have turned red, however, the long term uptrend is still intact.

This looks to be just a normal retracement so don’t be too bearish.

STI is broadly still bullish.

STI is broadly still bullish.

 

Hi-P

We’re still moving, be patient and follow system.

Hi-P is moving, be patient and follow system

Hi-P is moving, be patient and follow system

 

GLP

It’s still waiting the board’s decision.

The Motley Fool actually recently put out a short article about GLP.

You can read the article here.

GLP still waiting on the board's decision

GLP still waiting on the board’s decision

 

OCBC

The candles have turned red again, although it is creeping higher.

Be patient and follow system.

OCBC candles turned red again, follow system.

OCBC candles turned red again, follow system.

 

M1

Recently paid out a dividend, so this is the dividend adjusted chart.

Although candles did turn red for a bit, but it never triggered us out.

There’s even a 2nd buy signal, but at a very similar price to the 1st signal’s price.

M1 recently paid out dividend

M1 recently paid out dividend

 

TSM

This is admittedly a trickier trade due to the recent volatility in the US markets.

We trade the odds, and it’s fine to exit or lighten up when you think the odds have tipped out of your favour.

Price bounced off the $31.50 level which you can see from the charts, is a level of significance, so some traders were waiting to see if this level would hold price before deciding to cut or not.

This is also a clear example of knowing how to read charts proficiently.

But know that this may be only 1 trades out of 10, where your chart reading skills will make such a large difference between staying in or getting out of a trade.

Don’t worry, you will learn how to apply your knowledge and tools as we go along.

TSM is a tricky trade.

TSM is a tricky trade.

 

ComfortDelGro

ComfortDelGro is a new pick from the scanners over the weekend.

In case you didn’t know, these are the guys behind our blue comfort taxis.

Not the typical setup.

This is a high dividend counter, so the candles tend to be overlapping, and as students know, we usually don’t trade such counters.

So the interpretation of TGPS on these counters will be slightly different.

Graduates can ask on the Facebook group if you would like clarification.

Nevertheless, there’s a setup on this counter, it has formed a base since November and it just broke above the resistance of about $2.60

Note that if you observe the industry landscape, Uber and similar apps have been disrupting the taxi services.

ComfortDelGro breaking resistance

ComfortDelGro breaking resistance

 

Good trading folks!

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William O’Neil Quote on Stocks https://www.collinseow.com/william-o-neil-quote-stocks/ Mon, 24 Apr 2017 06:03:03 +0000 https://www.collinseow.com/?p=9362 “My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast… Letting losses run is the most serious mistake made by most investors.” William O’Neil   Embed This Image On Your Site (copy code below): Courtesy […]

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“My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast… Letting losses run is the most serious mistake made by most investors.” William O’Neil

 

Embed This Image On Your Site (copy code below):

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Predicting Volatility? https://www.collinseow.com/predicting-volatility/ Wed, 19 Apr 2017 05:19:31 +0000 https://www.collinseow.com/?p=9281   Just wanted to share some of my thoughts while developing trading systems. Among the challenges of trading, is identifying the current volatility conditions we will be trading into. Volatility refers to how wild are the ups and downs of price over a period. It’s easy to just look at where the market has been […]

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Predicting volatility?

Predicting volatility?

 

Just wanted to share some of my thoughts while developing trading systems.

Among the challenges of trading, is identifying the current volatility conditions we will be trading into.
Volatility refers to how wild are the ups and downs of price over a period.
It’s easy to just look at where the market has been recently, or where the market is now.
But how good is that information as an indication of the future conditions we will be trading into?

Why do we want to identify the volatility of the period we are trading into?
Volatility helps us plan our trade, in terms of the amount of room we will allow the trade to breathe, as well as how to plan our entries and exits.
Higher volatility will usually require wider stops and more duration in drawdown, could also allow better entries and further exit targets.

 

ATR

ATR

 

ATR

Indicators like ATR allow you to see recent volatility and how it is changing.
Predictive power?
I believe there is some predictive value to observing how the ATR is changing rather than the actual value of the ATR itself.
A more popular way is to observe for a period of low volatility, which tends to precede a period of high volatility.
This type of play is known as a volatility breakout.

 

BBands

BBands

 

Bollinger Bands

Bollinger bands offer a rear-view mirror look at recent volatility.
It also gives us a measure in terms of standard deviations from the mean, where prices would be considered at extremes caused by injection of volatility.
Predictive power?
Bollinger squeeze: Similar concept to observing for periods of low volatility which would indicate a period of high volatility coming next.

Price trading at 3rd standard deviation extremes can represent:
A move back to the mean.
OR
An injection of volatility caused by the start of a trend.
(This is when price starts “walking” on the 2 standard deviation.)

These seem to be contradictory instances don’t they?
Something to think about: Can we make a distinction between either scenario?

 

Heteroskedasticity

Heteroskedasticity

 

Heteroskedasticity

Another challenge, not confined to just predicting future volatility, is heteroskedasticity.
Heteroskedasticity refers to the phenomenon of inconsistency of error variance across different sample sets of data over time.

In a way, this is the reason all investment products come with the clauses like “past performance is not indicative of future returns” etc.

There is no one “correct” solution to the challenges stated above, if there were, then the markets would not be the markets, it would be an ATM machine!

However, there are ways to adapt to it and even allow for it in our trading, such that over time, we will come out ahead.
One way is to anticipate changes, we can do this by observing the world around us.
For example with Brexit, we knew to expect huge volatility, so we can either try to take advantage of it, or stay out of the markets.
Another way is to play on volatility breakouts.

No matter how we play it, the simple rules apply, when you don’t have a magnificent statistical “edge” which gives you extremely high success rates:
Look to keep our losses small and keep our winners big.

Over time, we will come out ahead.

 

Good trading folks!

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Good Friday And Happy Easter Sunday! https://www.collinseow.com/good-friday-happy-easter-sunday/ Sun, 16 Apr 2017 04:07:53 +0000 https://www.collinseow.com/?p=9216   Good Friday and Happy Easter Sunday! I hope you all have a wonderful weekend with your family and Easter egg hunting with the kids. By the way, markets are a little quiet, so don’t try to force out Easter Eggs from there now. Lots of easter events happening around the island, like at Jurong […]

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Good Friday and Happy Easter Sunday!

I hope you all have a wonderful weekend with your family and Easter egg hunting with the kids.

By the way, markets are a little quiet, so don’t try to force out Easter Eggs from there now.

Lots of easter events happening around the island, like at Jurong Bird Park, Discovery Centre, Sentosa Universal Studios Singapore and many more!

If you would like to find out more about how you can spend less time trading and more time with family, TradersGPS can help you!

Find out more here!

 

STI

Trapped in a tight range for now, broad uptrend losing momentum.

Manage your long positions.

The market is pausing for the moment, while it sorts out the concerns swirling the recent US actions against Syria and any potential escaltion of conflict with North Korea.

STI holding in the range

STI holding in the range

 

Hi-P

Be patient and follow system.

Hi-P be patient and follow system

Hi-P be patient and follow system

 

GLP

GLP is making new highs and formed another arrow recently.

However buying at current prices don’t seem wise.

Price is awaiting the board’s decision for the winning bid.

With so many interested parties, a bidding war is possible and would be very good those holding GLP shares.

Good luck all who are riding this!

GLP is still moving!

GLP is still moving!

 

OCBC

Consolidating against the highs, good sign of strength.

Be patient and follow system.

OCBC consolidating against the highs

OCBC consolidating against the highs

 

Cordlife

This is the reason we observe volume.

There was no follow through and we have fallen back down again, completely reversing the large bullish candle.

The article which highlighted the need for volume is in this post here.

So we stop following this counter for now unless it gains interest again.

Cordlife no volume to back up the trigger, we skipped this trade.

Cordlife no volume to back up the trigger, we skipped this trade.

 

OUE

Out with a small loss of 5% on a small position.

Well managed trade!

More money freed up to enter the gems which are getting ready to move!

OUE well managed trade!

OUE well managed trade!

 

M1

M1’s candles have turned red, so follow system and exit if need be.

M1 candles turned red, follow rules!

M1 candles turned red, follow rules!

 

TSM

Full position on and seems like it’s losing momentum, I don’t like it.

No harm lightening up on the positions if you’re not comfortable to hold this as well.

With 3 triggers so close together, the expectation is that price will move our way more quickly.

If it doesn’t then we need to acknowledge that we could be on the wrong side of the market this time.

So taking steps to protect your capital is ok.

Just be conscious of the decisions you make and be at peace with the results.

TSM not showing much momentum right now.

TSM not showing much momentum right now.

 

Have a great weekend, enjoy Easter Sunday!

Would you like to find out how you can spend less time trading and more time with your family?

Click here to know more.

 

Good trading folks!

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Divergence Between Our Markets? https://www.collinseow.com/divergence-between-our-markets/ Mon, 10 Apr 2017 11:02:01 +0000 https://www.collinseow.com/?p=9180   The US market has dropped after breaking new highs, while our STI has actually managed to keep on pressing higher, this is a divergence between our markets. Superficially, there’s no telling if the US markets are just doing a temporary pull back or are markets heading for a congestion period. However, the STI uptrend […]

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Divergence among the indices

Divergence among the indices

 

The US market has dropped after breaking new highs, while our STI has actually managed to keep on pressing higher, this is a divergence between our markets.

Superficially, there’s no telling if the US markets are just doing a temporary pull back or are markets heading for a congestion period.

However, the STI uptrend is still in place, but you can see it has been driving higher with much difficulty.

So be watchful and manage your longs.

I believe part of what we should be watching, are the actions on the US front.

You can see the chart above for a view of the US markets alongside our STI.

If you would like to find out more about the TradersGPS system

Click Here!

 

STI

The STI made some tests of the 3150 level, held each time and is still hovering near the highs of 3180s.

Be patient with your long positions.

STI still in uptrend.

STI still in uptrend.

 

Hi-P

It’s slowly moving up

Be patient and follow system.

Hi-P slowly moving up

Hi-P slowly moving up

 

GLP

GLP is still waiting for the board’s decision on the winning bid.

It’s drifting to the higher end of the estimates of $2.80 so higher prices are possible.

Be patient.

GLP hovering close to the highs

GLP hovering close to the highs

 

OCBC

Still holding on to our money.

Be patient and follow system.

OCBC, be patient and follow system.

OCBC, be patient and follow system.

 

Cordlife

Not a valid arrow last week.

Also volume was too low on the day of the green arrow, so no trade.

Cordlife, no valid trigger

Cordlife, no valid trigger

 

OUE

Be patient and follow system.

OUE be patient and follow system

OUE be patient and follow system

 

M1

Be patient and follow system.

M1 be patient and follow system

M1 be patient and follow system

 

TSM

Be patient and follow system.

TSM be patient and follow system

TSM be patient and follow system

 

If you would like to find out more about the TradersGPS system

Click here!

Good trading Folks!

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Understanding Cordlife’s Volume! https://www.collinseow.com/understanding-cordlifes-volume/ Tue, 04 Apr 2017 09:40:11 +0000 https://www.collinseow.com/?p=9134   We are seeing the STI keeping its gains. We have many setups spotted and waiting for triggers. If you would like to find out how our graduates identify the next great set up, Click here!   STI We are still holding on to the highs, which is a healthy sign for more upside on […]

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We are seeing the STI keeping its gains.

We have many setups spotted and waiting for triggers.

If you would like to find out how our graduates identify the next great set up,

Click here!

 

STI

We are still holding on to the highs, which is a healthy sign for more upside on the STI.

STI holding on to gains

STI holding on to gains

 

Hi-P

Getting ready for the next leg up.

Be patent and follow system.

Hi-P getting ready for next leg up?

Hi-P getting ready for next leg up?

 

GLP

Be patient and follow system.

If you would like to know what’s the story with this counter. see the post here.

GLP have patience

GLP have patience

 

OCBC

OCBC is testing those highs again.

Be patient and follow system.

OCBC continues!

OCBC continues!

 

Cordlife

We’ve been waiting for a fresh signal on this counter for some time already.

Take note that the volume is rather low.

Graduates should already know how to interpret this and how much minimum volume we prefer.

Trouble understanding Cordlife’s volume?

A push with volume will be preferred for our next entry.

Without the volume, I would suggest passing on this trade.

Cordlife making next move? WAIT

Cordlife making next move? WAIT!

 

Low volume push, beware!

Low volume push, beware!

 

OUE

Be patient and follow system.

OUE be patient

OUE be patient

 

M1

Seems like it’s beginning to move.

Generally large caps don’t move so quickly.

So be patient and follow system.

M1 getting ready to move

M1 getting ready to move

 

TSM

Be patient and follow system.

The things I wrote in the previous post are still valid.

Previous post here.

TSM be patient

TSM be patient

 

Keep your eyes open in the markets.

Good trading folks!

 

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I Gave Sembcorp Ind $1 And Sembcorp Ind Pays Me Back $1.10+! https://www.collinseow.com/gave-sembcorp-ind-1-sembcorp-ind-pays-back-1-10/ Wed, 29 Mar 2017 15:58:51 +0000 https://www.collinseow.com/?p=9119   Great trade on Sembcorp Ind, congratulations! Freeing up capital for some of the other setups, so that’s great! I have some reminders on TSM which I hope will help you. Sitting pretty on profits from OUE and TSM. OCBC still isn’t letting our capital go as well, more upside expected. If you find the […]

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Great trade on Sembcorp Ind, congratulations!

Freeing up capital for some of the other setups, so that’s great!

I have some reminders on TSM which I hope will help you.

Sitting pretty on profits from OUE and TSM.

OCBC still isn’t letting our capital go as well, more upside expected.

If you find the information on this blog useful, or if you have made a few thousand off the trading ideas you encountered here, please feel free to find out how TradersGPS system can offer you even more value!

Click here to know more.

STI

Just making new highs, uptrend still intact.

Volatile week for the markets, UK just activated article 50 to officially start the Brexit.

Many good setups, so be selective.

STI still pushing higher!

STI still pushing higher!

 

Hi-P

Fallen off from that 0.70 area which many students took some profit off at.

Be patient and follow system with the remaining position.

Profits in the pocket!

Hi-P be patient and follow system

Hi-P be patient and follow system

 

GLP

Still awaiting their board’s decision for winning bid.

GLP still awaiting decision.

GLP still awaiting decision.

 

Sembcorp Ind

You should be tapped out around 3.11

Congratulations on a great trade since our first entry just around 2.92 with a lot of profits taken around 3.30!

Sembcorp Ind pays!

Sembcorp Ind pays!

 

OCBC

Amazingly OCBC still doesn’t want to let go of our money.

So we’re still riding this.

Be patient and follow system.

OCBC is still not giving up!

OCBC is still not giving up!

 

Cordlife

Be patient and follow system.

Do wait for next entry if you aren’t already in.

Note that volume has fallen off a lot sicne the run up.

Be patient, follow system

Be patient, follow system

 

OUE

Be patient and follow system.

Note there’s another arrow out today, but it’s not valid.

OUE be patient and follow system

OUE be patient and follow system

 

M1

Same thing, be patient and follow system.

Let the market do its work.

M1 be patient and follow system.

M1 be patient and follow system.

 

TSM

3 valid signals so you should be fully loaded on this one.

Be patient and follow system.

I am aware there is a higher level of uncertainty than usual because all 3 entry prices are quite near to each other and that this counter is on the NYSE.

Overcome it, take action by following the system.

Understand that your risk is controlled.

If you have trouble sleeping because of this counter, then just sell some to reduce your position size.

Sell until you are comfortable enough to sleep at night.

Trading is personal so accept your current psychological risk limitations, know that you can break beyond them with deliberate practice and time.

You shouldn’t be losing sleep over one trade, it’s not significant.

TSM is waiting to pay you, be patient and follow system.

TSM is waiting to pay you, be patient and follow system.

 

If you find value in the information on this blog, you will love the community at TradersGPS!

Click here to find out more!

Good trading folks!

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Hi-P is taking us on a ride! https://www.collinseow.com/hi-p-taking-us-ride/ Fri, 24 Mar 2017 04:21:04 +0000 https://www.collinseow.com/?p=9056 This week, Hi-P is taking us on a ride! Many other nice setups highlighted by the graduates in the private area. It’s great to see them do their own analysis and come out with solid trade ideas. Also one interesting thing to note in recent scans, China-related counters have been catching our attention recently. If you find […]

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This week, Hi-P is taking us on a ride!

Many other nice setups highlighted by the graduates in the private area.

It’s great to see them do their own analysis and come out with solid trade ideas.

Also one interesting thing to note in recent scans, China-related counters have been catching our attention recently.

If you find value in the information shared on this blog, you will love the community of sharing at our graduates area!

Click here to find out more.

STI

It has been an eventful week, we have STI trading above 3150 then suddenly opening under 3150.

Gapped down aggressively, due to a big drop on the US markets overnight.

We are still in an uptrend, STI has not closed below our dynamic support levels as well.

Maintaining long bias in our trading.

STI gaps down but uptrend still intact

STI gaps down but uptrend still intact

 

Hi-P

This was one of the 3 counters which the TradersGPS came up with on Monday.

Sweet ride for the graduates, congratulations!

Remember to take some profits going into this $0.70 level.

Money in the pocket, be patient and follow system.

Hi-P was one of 3 counters highlighted on Monday

Hi-P was one of 3 counters highlighted on Monday

 

Hi-P is taking us on a ride!

Hi-P is taking us on a ride!

 

GLP

Still going strong, awaiting news.

If you haven’t taken any profit this entire time, my hats off to you!

I believe most of us in this counter have already scaled out more than half our positions into this 2.70+ area.

GLP going strong

GLP going strong

 

Sembcorp Ind

Big drop as well on Wednesday, don’t worry, still well above our entry.

Profits are in the pocket already.

Candles have just turned red, follow system.

Look forward to freeing up capital for the next good trade!

Sembcorp Ind, look forward to freeing up capital!

Sembcorp Ind, look forward to freeing up capital!

 

OCBC

Candles have turned red, follow system!

It has been quite a ride, but it might be time to free up capital to go for other counters.

Follow system!

OCBC is it finally time to let go?

OCBC is it finally time to let go?

 

Cordlife

Be patient and follow system.

I know some students already exited the running positions around 1.11, so great trade guys!

Quick 7-10% trade.

Can wait for next valid signal to continue the ride.

Cordlife is paying out, get ready for next signal!

Cordlife is paying out, get ready for next signal!

 

OUE

Be patient and follow system.

OUE be patient, follow system

OUE be patient, follow system

 

M1

Getting ready for the ride.

Be patient and follow system.

M1, Getting ready for a ride

M1, Getting ready for a ride

 

TSM

Be patient and follow system.

TSM, a little held back by the huge drop on the US market

TSM, a little held back by the huge drop on the US market

 

If you would like to find out how our graduates are picking these winners week after week,

Click here.

The post Hi-P is taking us on a ride! appeared first on The Systematic Trader | Trading Courses | Collin Seow.

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M1 For Sale! https://www.collinseow.com/m1-for-sale/ Sun, 19 Mar 2017 16:01:43 +0000 https://www.collinseow.com/?p=8988   The market is still quite bullish and there are counters ready to make big moves! Recently, we have M1 putting up the “M1 For Sale” sign. You can read about the news here. Another interesting counter is on the NYSE. There have been a lot of setups on the TGPS recently. Don’t be overwhelmed […]

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The market is still quite bullish and there are counters ready to make big moves!

Recently, we have M1 putting up the “M1 For Sale” sign.

You can read about the news here.

Another interesting counter is on the NYSE.

There have been a lot of setups on the TGPS recently.

Don’t be overwhelmed and take a good look at the options, there are many gems!

If you would like to find out more about the TradersGPS trading system,

Click here to know more.

 

STI

We’re moving up from the consolidation again.

Good time to take on signals.

We’re looking at 3210, 3250

3250 will be an interesting level to watch.

STI breaks 3150, looking at 3210 next

STI breaks 3150, looking at 3210 next

 

GLP

Trend is still going, flirting with the $2.80 level.

Sitting pretty on good profit for this position.

Remember GLP is still awaiting the decision by the board for the winning bid to buy them over.

GLP is still going, be patient and follow system

GLP is still going, be patient and follow system

 

Sembcorp Ind

Candles turned red last week, but didn’t trigger our exit, so we’re still in and riding good profits.

However, you can see this stock is getting tired.

The STI is making new highs while Sembcorp Ind has not broken above the previous swing high.

Sembcorp Ind seems to be getting tired.

Sembcorp Ind seems to be getting tired.

 

OCBC

The STI has cracked above 3150, however OCBC is still languishing under previous swing highs.

Not such a good sign, but be patient, we’re sitting on profits.

Follow system.

OCBC moving slow, be patient, follow system.

OCBC moving slow, be patient, follow system.

 

Cogent

Cogent gets us out of the trade at 0.735 so it’s a good trade, well managed!

With partial profit taking around 0.81, we have a very small loss of about 3 bids overall.

Well managed trade!

Well managed trade!

 

Cordlife

No new signal.

Don’t chase, be patient.

Follow system.

No fresh signal here. Be patient, follow system if you're on this ride

No fresh signal here. Be patient, follow system if you’re on this ride

 

OUE

Same as Cordlife, be patient.

Follow system.

Be patient, follow system

Be patient, follow system

 

M1

Bonus gems for you!

On news that M1 has decided to put their company up for sale, share prices jumped 8%.

More upside is very likely and TGPS has popped up with our first arrow.

I know all you graduates are getting excited, but do stick to the rules for entry!

M1 For Sale!

M1 For Sale!

 

Taiwan Semiconductor Manufacturing (NYSE)

Here’s one on the NYSE for you guys who like to trade the US markets.

Price is on a nice uptrend overall.

Recently made new highs then did a retracement.

Now it’s pushing up above those highs and we have a fresh round of TGPS signals.

It’s exciting, but remember to follow the rules guys!

TSM another of the counters ready to make a big move

TSM another of the counters ready to make a big move

 

If you would like to find out more about the TradersGPS system.

Click Here!

Good trading folks!

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