Good Morning,
Apologies but I was too busy with the admin as we prepare for tomorrow’s Preview. We have 50% of the seats taken up already and many unanswered emails. If your email is not read and replied, please kindly accept my apology. I will ensure that you get your questions answered by today.
For the market, STI should be technically supported 2906 today… so traders, please kindly watch this level.
For Hang Seng Futures, as forecasted, since last week, I mentioned that this market will hit 21300 after recent upside to 22500 level. I am very glad that those who bought the PUT warrants and made from this round. (Most bought at 18cents and sold at 28cents! in less than 1 week)..
Now I am looking at a rebound soon… it will not be a big run but expect a dead cat rebound. 21426 will be the key support today. If today close above this level, one should see some interesting rebound tomorrow. Currently, its down by 180points, trading at 21350+ level.
Good traders always analyse and prepare positions for the NEXT round…. See if you can see my point… Cheers!
>>> Kelvin Han’s trading methods:
When the market is on the DOWNTRend, look out for Buying opportunities
WHen the market is already DOWN and Selling kept coming in but price remain steady, look for ENTRY levels.
When the market rebound from this wave, Stay on the Long side and set trailing stop, not profit level… and ride the WAVE UP…
When the market is on the UPTREND, look out for Selling Opportunities
When the market is already UP and Buying kept coming in but price remain steady, look for EXIT levels.
When the market stops from this wave, stay out from the long and prepare to sell and ride the WAVE Down… with a trailing stop…
>>> The cycle repeats again…
Cheers!
Disclaimer as usual applies
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program