V3Go Outlook on STI today: Market may continue to book profit…
Posted by admin in Forex Analysis, Futures Pick, Market Analysis, Stock PickGood Morning Everyone,
Many readers were caught surprised when I actually advise traders to book profit than entering new position because most trading platform/system would have just started to generate buy call signals, as there are several stocks that are on outbreak patterns now.
But since our V3Go System is calling for ‘caution’, I decided to share this information with everyone. And I am glad that upon the caution posting, some of the hot stocks began to slide down from their high. Most of the V3Go Grads have booked PRETTY GOOD PROFIT on Noble, Ezra, Yanlord, Midas and the Hang Seng call warrants AND CUTLOSS on Genting when it broke below S$1.05 and they are willing to sit back now to analyse, whether to go short on stocks or just simply take a rest well deserved break from the market.
Using our V3Go System, the upward trend of the STI is still intact but we are expecting some profit taking today. With a closing of 2794, the MAGICAL Support level to watch today is around 2768. Once the STI starts to trade below the OP (Opening Price) of today, my 2cent advice is to stay out on the long side unless you really want to take the RISK.
Judging from the morning movement of the S&P Future, NIKKEI Future, SIMSCI Future, Crude Oil Future and the currency market, it is clear that the market will not travel up too much today.
Traders just beware. We must always learn how to be patient and learn when to strike, when not to strike. Today is not the best ideal condition day for Longist, at least for the morning part.
Cheers!
Nothing is 100% but as long as you know how to self-manage your money management on your trades, all risk can be taken care of.
Disclaimer apply as usual.
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
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