morning friends, i was waiting eagerly for the breakout to happen this morning in SGX but it HAS NOT materialize based on the breakout trigger points which i mentioned for some of the singapore stocks that i like such as ferrochina, china xlx, china hongxing, sino environemnt.

again, i have shared this point before, i do not trade for the sake of trading but would strive to trade “correctly” ie i have to follow the technical analysis signals or rules as close as possible.

since there are no breakout buy signals……i will not enter any position and will relax for now.

one interesting point i would like to share is that hangseng index has been staging after lunch rebounds quite often lately…..let’s see if that may happen again today around 3pm!

cheer

rooney

Singapore stock market quick bytes 3rd sept

It’s been awhile since i last saw a potential group breakout signals for SGX……and i see them coming today after the singapore share market closed on 2nd september. Some of the singapore stocks that i like include :

based on MACD technical indicator signal

sino-environment - breakout trigger at 1.18

ferrochina - breakout trigger at 0.92

chinaxlx - breakou trigger at 0.555

i would look to long when prices go 1 bid above the breakout trigger and set cut loss at 2 bids below the breakout trigger

the good news is that apart from this 3 stocks showing potential, many other stocks also showing rebound signals which i would consider as “group” breakout potential signals…..enough to get me excited

happy hunting

cheers

rooney

sino-enviroment