Tuesday, February 25, 2020

Wilmar - Round 2 Taking Profits

Another round of locking in profits in Wilmar and this time round, even higher price at 4.18 since the stock just kept trending higher during trading hours. If you study the 5 minute, you will see many bought earlier this morning and chasing the price up. I think that was the signal to lock in profits first instead of holding on on hope that it will trend higher. As I mentioned in my last post that Wilmar was in the Top 30 Volume which sometimes was seldom seen, it's good to again take in profits with $1960 for some good reward today. Beware of the market as it haven't showed signal of any major turns.


Ronald K - Market Psychologist - A Stock Market Opportunist

Alibaba Hong Kong - Buy Low $200, Sell High $218

I was having a late night dinner session with some of my guys yesterday and I shared with them on some stocks trading philosophy and how to spot the top and bottoms using blank empty charts. It was a great session as everyone made profits $ and took back some important great knowledge.

Looking back at Alibaba Hong Kong now, it was one of the best trades ever done. Buying low at $200 and selling at the ultimate peak at $218, it was so much easier to trade Hong Kong stocks that the Singapore market. From reading the 5 minute on detecting the supply and demand zones, it was much simpler to spot signals that a slow moving couch like Singapore stocks. As you can see from the trade records, we did various trades and sold at the peak for Alibaba Hong Kong. After selling and taking profits at the peak, Alibaba never see tried to break $220 and dangling between $214- $218 before the final breakdown happened. It's currently trading at $205 where will this stock trend higher again? Only by studying and reading the supply/demand zones, I would be able to tell precisely. Congrats to all who profited!

Ronald K - Market Psychologist - A Stock Market Opportunist

Wilmar - A Big Rebound

Market rebounded. The Dow Jones after slamming down -1000 points last evening started to recover and brought the whole SG market to turn up again. Many stocks like Wilmar, AEM, banks all started to climb back up. Breadtalk just announced that they went privatization and more oil related stocks also had this rebound which might be short covering. Longed Wilmar last week and sold today even the price went higher.

Wilmar wasn't in the Top Volume earlier in the morning and suddenly, it started to appear in the list with rising price. The stock was heavily traded today with some movements at the moment. Unloaded and locked in profits while moving on to another stock since the market was super volatile at the moment! I think short term trading is the way to go now.

Ronald K - Market Psychologist - A Stock Market Opportunist

Monday, February 24, 2020

Capitaland - Shorted for Intraday Profits

The market is very sourish today with so many stocks moving down south. For the whole day, no stocks seemed to climb and every stocks wanted to decline. Shared about Capitaland in my instagram account that the stock was going to trend lower because of the virus and indeed, soon, Capitaland just trended lower with selling non stop. Happy that my instagram post enabled him to trade and make profits today. The 5 minute chart showed Capitaland breaking down the floor and soon it tanked, I believe that was the signal he shorted and profited from the trade. Congrats!

Ronald K - Market Psychologist - A Stock Market Opportunist

Medtecs Intl - Coronavirus Increased and Gap Up

The coronavirus is once again activated and spreading more in Korea where 6 were reported dead while 763 cases were being discovered. Hence, the market dropped and more stocks looked weak and more bad days to come. The market is pretty choppy up/down for the past 3 weeks and it's because of earning seasons which boosted some stock price to go higher or I think the market would collapsed. Medtecs Intl gap up today as the moment any virus related news came out, the stock would either run higher or moved a little. It's the norm but to be honest, this time round it's different because it's under the restriction list and I have some reservations. I would look to take profits for the stock if I bought last Friday as the Top Volume is currently very weak. Embrace for tougher days to come. It's a tough year to invest the market.


Ronald K - Market Psychologist - A Stock Market Opportunist

Friday, February 21, 2020

Wilmar - Result Good, Stock Gap Up

Wilmar results released today. I am not sure if the results was good as I didn't open up the file and read but I know the stock gap up which indicated that the result was indeed good. The 5 minute chart for this stock showed more finesse and strong buying as compared to UOB and soon, more buyers came in and the stock just shot up today. Happy to long before the results at $4.04 and the price jumped today for us to take profits. To make predictions before result is not difficult, but to the pick a right stock where you made the correct predictions while the stock price jump high is an art. Picking the next. Just had too many people making $ in Wilmar today and congrats to everyone who longed before results!

Ronald K - Market Psychologist - A Stock Market Opportunist

UOB - Reported $4.34 Billion Earnings, Declared Dividend 55 Cents

UOB just announced strong earnings today at high of 4.34 billion which is the actual news that was released. However, the stock price doesn't reflect and went simmer off a little. In fact, looking at the 5 minute chart as of now, the buyers weren't strong and there was a lack of that buying which the news could have resulted in the stock price. Normally, good earnings is good for the stock price but in this case, the stock price is quite dull without much activities. It could be the overall big market or it might be the stock is not ready yet. Whatever the case might be, from the chart wise, it doesn't show any signs of turning and hence I did not trade this counter even though the results was good. Moving on to the next.

Ronald K - Market Psychologist - A Stock Market Opportunist

Thursday, February 20, 2020

A Stock Sharing Preview - LIVE Market Observation

Market is down today with most blue chips for sold down deep. However penny stocks were on the rise and some of them started to show some fireworks. I wasn't really watching the market as I was giving a small preview and then went for a long meeting. Because of the coronavirus, many participants did not turned up and hence I did a quick sharing on my LIVE Observation on what stocks are moving and what counters that were in play. As I reduced my talks and focused more in the US market, very soon, I will be blogging lesser but I still want to do the private sharing session where I look forward to share more observation skills. See you all next week!

Ronald K - Market Psychologist - A Stock Market Opportunist