Feb
28
2010
V3Go on Genting SP: Time to watch out for this stock IF the new support stays…
Posted by admin in Events and Advertisements, Stock PickGood Day Everyone,
On 17th of Feb 2010, market favorite, Genting SP broke the very important V3Go Support Level at S$1.05. The stock traded an intraday high of S$1.09 but sold down after that and it closed at S$1.02 with more than 219 million shares traded.
99.5cents was the next V3Go Support level but I warned my grads that this level may not hold as conventionally, traders doesn’t like to see share prices going below the dollar value. So I advised them not to take position for the time being and even warned them that there is a chance of this share going down below 90cents mark.
If you want to join our V3Go Grads Only Skype Conference before the course : Contact us at sales@cronwell.com.sg
If you want to attend our next V3Go Preview : Contact us at sales@cronwell.com.sg
On the 25th of Feb, because of price action moment, in both the blog and conference, I mentioned that one can only look at Genting if it actually stay above 94cents. It opened at 94.5cents. It did traded to an intraday high of 95.5cents.
At 11.50am, the stock lost support strength and the selling start to come in. The stock lost its 94cents support level. That’s where, one must CUT their Long for that day. One can even go short. I am glad that Grads took the hint from their learning and stood out. Some of our loyal readers of the blog, remembered my advice also applied their cutloss and save great amount of money as the stock slammed down to close at 91cents!
At 11.50am, the stock lost support strength and the selling start to come in. The stock lost its 94cents support level. That’s where, one must CUT their Long for that day. One can even go short. I am glad that Grads took the hint from their learning and stood out. Some of our loyal readers of the blog, remembered my advice also applied their cutloss and save great amount of money as the stock slammed down to close at 91cents!
This is how a V3Go Grad can enter and exit, way before the market can react. Absolutely fantastic, isn’t it?
If you want to join our V3Go Grads Only Skype Conference before the course : Contact us at sales@cronwell.com.sg
If you want to attend our next V3Go Preview : Contact us at sales@cronwell.com.sg
Now, lets look at the chart, its very clear that this stock is trading below the Major Trend now… so where is the next Key Support Level? Based on our V3Go System, we are going to pay more attention shall this stock trade 86.5cents. On last Friday, this stock hit a low of 88cents and rebounded. Honestly, I am not too convince yet and I still want to wait for this stock to test the V3Go Support Level first. Once we see the stock getting support around that price then I will be looking to invest on this stock.
Are we trying to forecast the market? Are we trying to be prophets of the market? I don’t think so, but V3Go System has the ability to prepare traders to anticipated the potential support and resistance WAY before the market trades. That’s the incredible part of V3Go System. If you like what you read and wish to be part of the amazing V3Go community, contact us now!!
To register or seek more questions about the mentoring program, contact us at sales@cronwell.com.sg and our V3Go Team members will contact and assist you to all your questions and doubts.
If you need to get installment package : Contact us at sales@cronwell.com.sg
If you want to join our V3Go Grads Only Skype Conference before the course : Contact us at sales@cronwell.com.sg
If you want to attend our next V3Go Preview : Contact us at sales@cronwell.com.sg
Let’s all make good money from the Year of the Tiger.
Everyone, Huat Ah (prosperity)!!!
Kelvin Han
Trend Master
Originator of the V3Go System
Trend Master
Originator of the V3Go System
Disclaimer apply as usual
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