Exit if you’re into short term profit. Rebound is possible at this level.
Archive for August, 2008
Bursa CPO - Possible rebound..
Bursa CPO - Possible Reversal..Effort to go up but failed!
Some effort to go beyond 2550. The high volume up bar and DOJI are signs of weakness. Possible reversal point here. SHORT now and put your STOP LOSS above 2565. Set your profit objective near 2523 as that is the near term support. This is a short term trade as CPO as a whole [...]
Bursa KLOFFE - Exit Short Trade
After yesterday gapped up (when closing), decided to close trade first thing in the morning. The effect of the big win in the by election would either push it further down or up. Successfully closed near 1060 level. After that, market just went up so much. However weakness started to present in the last [...]
Bursa KLOFFE - Reentry..
Exited the previous trade @ 1065 as per STOP LOSS. Then re-enter short trade when there was a DOJI tail. The STOP LOSS will be approximately 1072 level. the volatility is low today, so need to cut down your profit objective.
bursa KLOFFE - No Demand..Short
No demand presents in KLOFFE now. The price unwilling to go up despite of active trading this morning. Perhaps the profit taking. The doom and gloom of the market encourages lower price. Short now and put your STOP at 1065. Observe the cash market (KL COMPOSITE) too. Since it is month end, the KLOFFE [...]
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- Bursa CPO - Possible Reflection Point
- Bursa CPO - This is the reflection point
- Bursa CPO - it is just too weak…
- Bursa CPO - lossing strength..
- Bursa KLOFFE - Still looking at short
- Bursa KLOFFE - Down Trend if break 1800
- Will be back…
- Bursa CPO - STOP LOSS still intact..
- Bursa CPO - Trail STOP LOSS to 1837
- bursa CPO - Stopped out! Turn SHORT!
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David Kong