H30.SGX_Bullish Breakout Trade_LongENTRY: 0.99
SL: 0.93
TP1: 1.02
TP2: 1.07
- ADX>20
- Daily RS -ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Triangle pattern with buyers-in-control.
- Narrow price range leading up to today's breakout with volume.
- Entry today based on breakout and >3% rebound off 10EMA with volume
H30 trade ideas
[Analysis] Hong Fok (H30)(SG)This is not a Trade Setup.
Hong Fok have been a wide side way movement since 2014 from 0.530 - 1.020.
There are strong demand coming in each time price dip to 0.650. Selling occurs around 0.890.
Playing within this sideway movement is possible, however be sure to buy close to the lower end (0.550-0.650). Strong momentum can sometime push this counter above 0.900 but the probability of getting stuck at the top is high.
Eventually in long term prospect, price can go beyond 1.000, however patience and holding power is require.
Hong Fok (Bad Boys had knocked everyone's socks off)View On Hong Fok (28 Aug 2020)
It has hit strong "support" region of $0.65 right now and we are seeing some bullish price action with it too.
It may spill some bullish move in the near future and it can swing back up to $0.69 or even higher.
Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
SGX Hong Fok Longstock in narrow uptrend channel. likely due to better than expected result released on 28 Feb but overall market can down after that. After market recover, stock move upwards. Potential support line @ 0.7 and resistance line @ 0.84. Long position with stop-loss @ 0.7 and take profit @ 0.84
Hong Fok (A Short Covering Rally is taking place)View On Hong Fok (6 APR 2020)
After the huge fall in 2019, this little use-less counter is finding some value and it is making a comeback.
We can say it is a short-covering rally.
It can rise to 0.65 or even toward 0.69.
Do not short as it may drift higher first (or) you can go in the LONG side with great caution.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Hong Fok (It still have FATs to trim)View On Hong Fok (29 Apr 2019)
Did you follow our BEAR view for the past month?
Money in the bank. yo!
It has moved to the swing level and it 'may' be able to do some rebound.
But it is better to wait at a strong resistant level to SHORT it down instead. All the best.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Hong Fok (A pull back is overdue)View On Hong Fok (25 Mar 2019)
We had a BIG UP recently and I expect we had a lot of retail traders are on board.
And it might be in for a pull back.
It should go to 0.9 to 0.92 range "easily" first.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.