Plays for 4th August

Not all are NR picks. 26 results from the scans today..so only looked at the more volatile ones, and those which appear to be near more significant levels.

KS energy (edited, called it Noble by mistake)
Looks interesting, NR formed inside long tailed doji. volume falling off. resistance 1.38 level had a false break before, now the doji is formed just under it and against the upper bollinger band.

sc global
looks pretty interesting, flagging pattern, price looking at some resistance at 1.55, but should be good if that goes

hyflux
well, if you add the last 2 candles together, you’d get a long tailed doji, formed on good volume too.
if 2.54 goes, might have a retracement down to 2.35 – 2.40 levels.
risk/reward looks favourable for this counter to the short side.

swiber
$1.00 play, might be good for even a few bids if 1.02 goes.
note immediate resistance at 1.08

30th July plays

Nothing on the NR scans, it was quite a day for the market. up in the morning then a big sudden drop in the afternoon, followed by a 50% recovery.
but STI still hasn’t penetrated the previous day’s low, so let’s just say I’m cautiously bearish.

Volatility intraday play is on the cards.
NOL, Yanlord, China xlx and Noble are on top of the list

Explainations are on the charts, just click on the pictures to view them =)

Have a great trading day!

Something to watch for tomorrow

Well now, STI is still on the run upwards! 2600 resistance, might reach this week then fall back.
There’s a slight divergence of events, the STI is making new highs, but some counters are failing to break the highs seen at the start of June.
But we’ve seen quite a few days of strong upward moves, I’m still inclined to think there will be a retracement very soon. I’m seeing many long tailed dojis around.
but in the mean time, that shouldn’t stop us from looking out for trades to the upside. Although i’ll be keeping my exposure time to a minimum to avoid any drastic drops.
Btw, DBS was an NR7 yesterday, but the parameters of my scan capped counter prices to $5 so I didn’t see it. did a nice 30c run.
Allgreen didn’t trigger today and I wasn’t comfortable going long on Noble, seemed like a lot of big throw downs, so no trades taken today.
Anyway I spent half the day out and about.. down with flu and still running around.. super tired. (no worries, it’s not H1N1 =p)

NR scans only came up with Osim which looked interesting with the potential for a short term swing if it continues on its way up.
Simple swing trade trade plan would be trigger on break of today’s high, 0.475 with a stop around 0.43.
First target would be 0.52 then 0.565
timeframe by end of this week.
Intraday play would be either the ORB or stretch 2 bids above open, with a stop of 4 bids, targeting 6 bids.
To be conservative, my entry would be taken after first 30mins of trading.
Personally, my trading plan would be to do an intraday trade on this, I’ll take half profit at 6 bids and move my stop to breakeven.
At the end of the day if volume is high, then I’ll swing it for a day or 2 for more profits, targetting 0.52 and 0.565 or until friday.
For the record, I do NOT encourage people to follow my trade plan, especially for intraday.

Noble 27th July

Explainations are on the chart. I’d like to see a retest of the 1.85 level before going in long.
My preferred play would be to fade the break based on ORB (opening range breakout) with stretch. Of course if 1.93 is broken, there’s a chance for intraday plays to the upside as well. 
I use ORB exclusively for intraday trading or as a trigger for short term NR plays.
 I will put up a page on ORB and stretch into the strategies section, give me some time, as you can see even the basic TA section isn’t finished yet! lol