It’s been a pretty busy week, but I’m back with an update on the market! I’m using my nights out time to write this post so let’s not waste any more time! Let’s jump straight in!
STI
Referring back to STI Outlook: 19 Apr 2015, I mentioned STI was likely to take a breather again, and it sure did. Now it’s back at the support trendline and we have seen the first sign of bounce and I’m expecting continuation of the uptrend. Now that the higher low has been formed, what awaits us is to see if a higher high will be formed to continue the uptrend.
Cosco
On Cosco, again, bad call on my part. Stop loss seem to always have been set too tight (?) I did miss out the the potential bull flag which broke out. Price once again, hit my stop loss before arriving ......