3rd September 1146am - Breakout HAS NOT materialized for singapore stocks

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