Shares & Derivatives
SPRD Gold and OCBC charts
By Bully The Bear  •  January 7, 2014
Haven't posted charts for ages! I haven't decide to enter or not, so this is just my trading thesis. Here's the two: 1. SPDR - Gold
Weekly bullish divergence. A good entry price will be around 116.7 to 118. Exit around 124 (1st target) and 130 (2nd target) 2. OCBC
Possibly daily bullish divergence Let's see how it handles 9.71 first, but a good entry price (depending on conditions) should be around 9.63 to 9.71, with exit price at around 10.1 minimum. They have up to 31st Jan to finalise their ill fated deal. If it didn't go through, that should be a catalyst to return the price to mean. If it goes through, price might fall a bit more, considering that the price drop now is due to the uncertainty of the deal. At current price of 9.78, it's about 3.5% yield ......
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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