V3Go Outlook on Genting SP, Hang Seng Future and STI Index
Posted by admin in Futures Pick, Market Analysis, Stock PickGood Morning,
We are happy that our Noble and MIDAS calls were rewarded despite the rather weak market condition. Traders do book partial profit at 2.89 and 0.99 (suggested), respectively, and set trailing stop from here. For Ezra, place your profit level(partial) at 2.27 (suggested) will be good for now. Should the market reverse, we will update you.
For Genting SP,
My usual trading strategy: Whenever I see downtrend follow by consolidation (V3Go Consolidation Pattern), its time to seek opportunity. Based on our V3Go techniques, it is an UT TSC formation therefore, once it trade 1.08 today, its a COMBO Long Call (Based on V3Go TSC + V3Go BC). The V3Go DIFF R/L is 1.10. If it close above 1.10 today, there is a potential for it to trade to 1.29 in long run (2-3months). Stop loss (suggested) if it goes below 1.05. Watch out for this stock.
Hang Seng Outlook
As long as the Index stay above 19742(approximate), this market should trade higher. The first support will be at 19666. It closed at 19958 yesterday. My target for this market is 20612 within this 2 days. Both our V3Go Indicators are giving the Thumbs UP signal for Upside for today as long as it stay above OP of today.
STI Outlook
As long as the Index stays above 2729 AND above 2746, this market should trade higher. It may test 2764. It closed at 2734 yesterday. Both our V3Go Indicators are giving the Thumbs UP signal for Upside for today as long as it stay above OP of today.
Disclaimer apply as usual.
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
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