Apr
27
2010
STI cannot go below 2988, if yes, it will formulate a V3Go Classical Sell Pattern
Posted by admin in Commodities, Events and Advertisements, Forex Analysis, Futures Pick, Market Analysis, Stock PickGood Morning,
This morning, the STI opened at 2988 this morning and very quickly, it reaches the high of 2995 but within less than 60mins, it is trading below 2988, which in term of charting, based on V3Go context, it have done a REJECTION on the Uptrend V3Go TSC and also trading below our V3Go DIFF R/L range.
This is our V3Go Classical Sell Signal thus we are WARNING our loyal readers to be careful if you are intending to go long today. We are going short again.
We are looking to short
(1) CPO stocks
(2) Bank stocks
(3) NIKKEI, SIMSCI, HK Future and Taiwan Futures.
(4) Dollaryen
(5) Crude Oil Futures
For Genting, we have just shared with our graduates that IF the stock price cannot hold above 85cents, one must exercise some caution on it and need be cut first then re-enter again when the coast is clear. With the opening of Sands, it should be affected as market seem to be favouring the latter. So kindly take note.
With that, we wrapped up our morning market outlook for today… remember, market must stay above 2988 today for any upside, if not, one should reduce long positions or even go short.
Disclaimer as usual.
V3Go Team
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