Did you have a good ride on Hong Leong Asia?
It’s time to look for the next big winner!
The signal was generated by the TradersGPS system, if you don’t know what that is yet,
Climbing with laboured breath.
So it wasn’t a parabolic move afterall, we have done a bit of a pullback.
We gapped right up into 3150 and traded lower since.
Possible support around 3100 and 3050.
The market’s been running up for some time.
Assuming trend stays as our friend, we’re looking for 3210 then 3250 next.
Typical “buy the rumour, sell the news” scenario?
Straitstimes ran an article from bloomberg on 28th Feb, that GLP is said to be inviting 3 groups to do their due dilligence.
This is the same day GLP made a big drop.
Lots of profit since our entry ard $2.20+
No fear, follow system.
You can read the article here
Benefitting from sembcorp Marine’s good financial results.
We have locked in some profits already, so just follow system.
Still inside this area.
STI has reached 3150 and traded away from it, today approaching 3100 where we could find some support.
Do follow system on this trade.
Not so good now, it is reacting to the previous swing high, but no strong bounce.
Get ready to let go of this position
Following system, we let go of this one around $0.96
Small hit from our initial entry at $1.00
Well managed trade!
Let’s move to the next trade!
Hong Leong Asia
Gap down and closed low.
Generally not a good sign so I hope you exited your positions.
If not it’s still not too late.
Our initial half profits from a full position were taken easily above 1.30
Entries were much lower, worst entry would be roughly where price is not.
Depending on your exits, you’ll see a solid 15-25% returns on this trade on a FULLY loaded position!
Good trade everyone!
If you still want to keep any position on, please follow system and don’t let a profit turn into a loss.
As previously cautioned, Cogent turning down from resistance, I hope you took some profits.
If you have any position remaining, follow system.
Relax and look out for opportunities.
The graduates group is ready to pounce on more profitable trade ideas generated from the TradersGPS already
To find out more about TradersGPS, CLICK HERE
Good trading folks!