SGX rallied today. Everyone thinks this rally is a breakout/start of a bull. I think of it as an effervescence burst of strength where the buyers are going to be trapped anytime soon. It might happen tomorrow or the day after tomorrow. If you are an investor, a decent profit can be made. If you are a trader, you need to watch closely and know where your profit targets are. As mentioned in my earlier post, SGX is in the hands of the strong players. The short term looks good, however for the mid and the longer term, i need to see more evidence of strength before this stock will take a good turn on its way up. I hate buying at breakout price because it posses certain risk, instead i love buying at depressed low prices when everyone is fear. For now, we watch and wait.
Ronald K
Update
SGX continue its rally in the short term. See the circled area, insiders investment account is being filled. Can you spot it?
