Friday, September 18, 2020

SGX - Very Bullish Breakout

SGX had a very high volume bullish bar today.  If the bullish continue next week, very likely we can see the next target at $10.  

However, take note that the previous gap down are full of SELLERS who are trap in that BIG ZONE and the smart money will either power up with another 2 BIG BULLISH BAR or the price continue to go sideways without covering the SELLER GAP.  Next week will be very interesting to see what the smart money going to do. 



Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

No comments:

Post a Comment

Singapore Stock Investment Research