BLACKROCK is now deemed a substantial shareholder of ComfortDelGro, after its purchase of 5.2 million shares on Thursday bumped its shareholding from 4.76 per cent to 5 per cent. The change in position came from an increase in shares held as collateral.
A sudden expected news can invalidate a Sign of Weakness that happened on 27 May. In technical trading, we need to expect the unexpected.
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.
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