The Trading Floor - September 2015

Discussion in 'The Trading Floor' started by Amator, Sep 1, 2015.


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  1. summer

    summer Well-Known Member

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    Good Morning September, and be nice to sniper
     
  2. nottibird

    nottibird Moderator

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    UOB Kay Hian - 31 Aug 2015


    Innovalues (IP SP, 591)
    Technical SELL with 15.6% potential returns
    Last price: S$0.67
    Target price: S$0.565
    Protective stop: S$0.755
    SELL with a target price of S$0.565 and stops could be placed at S$0.755. The price of the stock is likely to retrace after a potential tweezer top was formed near the middle Bollinger band. The immediate downside target could be near its lower Bollinger band after the 14-period RSI has hooked down below a reading of 50.
    Expected timeframe: 2 weeks
     
  3. nottibird

    nottibird Moderator

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    Thank you, Dai Lole and Good Morning.

    Good Morning Snipers.

    August has been an ASSHOLE month for many of us.
    Words like bleeding, ICU, ambulance, blood transfusion, NABEH and Kan Ni Na... hampalang all come out.

    Hope the month of September is nicer to all of us.
    The market needs to make up her mind what she wants to do first.
    If want to drop, get it over and done with.
    If not sure where she wants to go, then at least settle down into a nice range.
    That's fine with us too. The chicken traders here can have a good time.
    Its when the market suddenly makes a major shift without warning and
    drops alot which traps us all high and dry forcing us to LOON or cut.
    Just a deeper than usual correction and the bull will continue running?
    Or the start of a Bear Market where stocks are still in search of their real bottom?

    The picture will become clearer only by end of September. Unfortunately.
     
  4. Amator

    Amator Well-Known Member

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    New thread for September 2015 ......................
     
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