Dow Jones Biggest Drop This Year! Oil Hits Record High!

3rd June Quick Updates

3rd June
1. SingTel buy at $3.67, sold at $3.72, +1.36%

*Today's trade lowest was $3.65 very near my cut-loss. Took profit first because of short-term trading and djia -140points last night. Will monitor if can get Singtel cheaper at $3.61 to $3.65 soon..

2. ChipEngSeng buy at $0.425, high at $0.425, +/-0%

1st Target: $0.465
2nd Target: $0.49
3rd Target: $0.515
Cut-Loss: $0.39

3. YangZiJiang buy at $0.98, high at $1.00, +2.04%

Reason I bought today was because MACD shows narrowing gap.

1st Target: $1.05
2nd Target: $1.13
3rd Target: $1.21
Cut-Loss: $0.91
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SMRT: Will retrace back to $1.70 to $1.71 before uptrending resumes?

ChipEngSeng: Looks like its time to load up on ChipEngSeng @ $0.425

ComfortDelGro: To collect at $1.59

Yanlord: In my radar

Huat ah...

My Weekend Thoughts

1. Yanlord

Trading between $2.14 to $2.63 range. Good entry point on this coming monday would be $2.14, setting a cut-loss price of $2.07 should minimise loss while preserving capital. Watch out for MACD crossover, huge volume, rising RSI and Stochastics should be included.
Exiting at $2.63 from the mentioned entry price should bring a tidy profit of 22.89%
Monitor this counter the next few trading days.

2. Yangzijiang

Good entry price at $0.895. Set cut-loss at $0.83 should the market turn nasty. First expected target price of 61.8% fibonacci retracement at $1.05, second target of 50% at $1.13, third target of 38.2% at $1.21. My RSI of 14 days has shown positive growth in the oversold region accompanied by a whopping 19.6 million volume. Friday's candlestick showing a doji sign, but, starting to move away from the lower bollinger band.


Note * This is not an inducement to trade. The publisher is not responsible for any losses or gains incurred.