The Bull Chase

WOW did anyone see the volume on STI? I have never seen such a volume! It is phenomenal!

And so, my TP for STI remains unchanged as mentioned below. Trend still in fruition.

I wanna mention specially one of my ‘students’, Alvin who signaled out an inv H&S formation! WHY DIDNT U SMS ME DURING TRADING HOURS aiyo…..

I hate u!!!:P

And so here is his Raffles Edu where he took a long position of course. Geez these people are now better at spotting chart formation than me I must say.  I agree with Jay, we look at MA.. support/resistance and fibonacci too much… and oh yes, candlesticks. We forget bout chart formations. No choice….. haiz.

So u can see the little inv h&s i drew there.  And u can see the projections. And possible entry levels. I think this one fly away from me liao.

Anyway today, went in long on Wilmar, shared with Ash. Long on SIA from 10.70 and long on Midas too. Citydev can go long but I didn’t get.. hmm.. shall see how. Midas formed bearish harami. pui. Let’s watch. A true bull trend, will defy bearish formations in the short-mid term.

I need my rest… it’s been one heck of a day. A truly amazing day at the markets and everywhere else. So we have had 2 days beginning in the red, gap cover and then spring into the closing green. Let’s see if tomorrow opens green n stays green, the trend is still strong. Very strong which makes a good trading opportunity.

*coff coff* Man. I need a holiday!