Our Focus For Today is on Mid Cap

Hi Everyone,

The market dropped quite a fair bit yesterday and continued its plunge this morning, approximately 33 points from the high and low2542.34 is the short term support.

Our advise is to stay out of the choppy market at the present. You may choose to rest for the day.. take a break, relax and gear up for the next round. Nonetheless, we’ll still update the blog accordingly if we have any new discoveries.


Afternoon Highlights

Hobee break high of 1.15 with high volume. Aggressive traders can choose to BUY at 1.16, Stop Loss at 1.03 and Take Profit at 1.29. Conservative traders can wait for setup first.

Lookout for Genting. This stock manage to recover most of the losses incur after yesterday’s sell off. To buy at 0.92, Stop Loss at 0.845 and Take Profit at 0.995. (see chart for more explanations)

 genting daily180809 UPDATE AS 15:00 (Singapore Time)

In Summary,

The pending order for Genting did not trigger today. We are still holding to our pending order. As you can see, the shares are still in consolidation, but mid caps are stronger than blue chips.  Let’s see how the market perform tomorrow…