It is Independence Day today in the US and it looks like our stocks are still very dependent on Uncle Sam after all. We witnessed a great massacre and blood-letting selling yesterday, with many stocks ended in the red and the major index got battered hard. This is the first selling since I am back from holiday.
From the pre-opening quote this morning, our stocks should open firmer. As what I can see from the charts, many stocks are range-bound now, and the recent-high will be a good resistance for many of them.
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Enter any position with a Cut-loss level & Trailing Stop, and Please practice strict Money(Risk)-management. If you don't like what you see in the market, simply don't trade.
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