Ferrowolf's Den of Trading

Still building my humble Den, so please bear with me, it'll be done soon! =)

Big move on the STI coming?

I got 38 results from the NR scans today, yesterday there were about 26
This is coming after STI has made some retracement to the 2550 levels.
Perhaps ready to bounce up again?
A lot of counters have triggered the 3-5 bar setup today too.
(This is one of the setups taught at AAT)
Plays for 12th Aug

Too many counters with the NR to put up all the results.
So I’m cross-referencing them with the more volatile counters with likely higher profits.
Top 5 in terms of profit potential are Venture Corp, DBS, Ezra, Swiber and Yanlord.
However, Ezra and Swiber both broke the previous bar’s high, however it retreated back down and closed under the high.
So I’m gonna filter them out of the list.
That leaves us with Venture Corp, DBS and Yanlord

Venture
Long bias, 3-5 bar drop setup triggered on tuesday, watch out for continuation to the upside if high of yesterday’s bar is broken or using ORB or stretch.

DBS 11th Aug
DBS
Long bias, would trigger long if high of yesterday is broken or using the ORB or stretch to trigger.

DBS 11th Aug
Yanlord
Can you see the fake break above the last high here last week? It was confirmed the next day by a bearish engulfing candle.
Appears to be bouncing off the 50sma
long play on high of last bar broken or stretch or ORB.

Yanlord 11th Aug

August 12, 2009 Posted by | Uncategorized | , , , , , | 1 Comment

Update for 5th August plays

Very nice moves from both picks, it’s 4pm now, they might move further or move up cos of short covering.

Venture corp went to a low of 8.64 after breaking 8.97 support

Venture Corp update

Hyflux went to a low of 2.46 after breaking 2.54 support

Hyflux update

August 5, 2009 Posted by | Uncategorized | , | Leave a Comment

Plays for 5th Aug

STI took a big fall from the highs yesterday, might be time to get in for the short swings.
Here are a couple of the NR picks which I think show the most potential.
don’t have any plays to the upside really…

Venture Corp
Great volatility these past few days, I believe it’ll continue to the downside should STI finally decide to fall..
so downside bias for this one, 8.97 is the level to watch.

Venture Corp 4th Aug

Hyflux
Quite like this company fundamentally.
Anyway, 2.54 is the level to watch to the downside, 2.66 to the upside
I have a downside bias for this one.

Hyflux 4th Aug

August 5, 2009 Posted by | Uncategorized | , , | Leave a Comment

   

Follow

Get every new post delivered to your Inbox.