OCBC - Last Short for 2017

It hasn't been a smooth ride in the market, especially when the market is ranging and nothing really has a trend or sustainable for any up/down move. During this period of uncertainty, the best employed strategy is to do short term trading to avoid any unnecessary buy and hold for long term investments. I am particularly happy with this student of mine who kept shorting OCBC only and make $$ out of it. OCBC is due for some selling but because the overall market is still moving up, hence, the stock moved up/down in a range which is quite difficult to predict the trend.

See the 5 minute chart, it's pretty tradeable for intraday and 1-2 days short term trades. There were range for scalping the up/downs movements and it's easy to make $ within short term if you know how to spot the movements before it happened. The year is ending and I am happy I am ending with a good note with bountiful more to come in 2018. Here, I wish everyone a happy 2018!

Ronald K - A Game Changer

OCBC - A Good Month Short Selling

So happy to be receiving a trade record where my student traded herself on 1 stock, OCBC. Although not a lot of $$, her hit rate was exceptionally good as she achieved a 100%  hit rate on this counter this month. OCBC had range for trading this month and it was a good counter for shorting because of the profit taking and high price that we see now. In the shorter time, I think there could be more downside for this stock. See the line I drew? I think soon or later, it will be violated with a sheer force of selling. Be alert.

Ronald K - A Game Changer

MindChamps - Inks Master Franchise Deal in Vietnam

Mindchamps just released a good news at 8:23am this morning after I made my prediction last evening!!

https://www.theedgesingapore.com/mindchamps-inks-master-franchise-evergrande-open-vietnam

The stock up from yesterday and today it might continue to run.

http://ronaldkstockmarket.blogspot.sg/2017/12/mindchamps-bounce.html

Ronald K - A Game Changer

MindChamps - A Bounce

I think there is chance that MindChamps have a potential for a bounce up. The stock looks like there was collections earlier in the morning and then a flush followed a small rebound before closing at low. MindChamps had been trending down for many days after 2 days of huge breakout on it's debut IPO and now at the current price, I think it's oversold for a imminent rebound to materialize. Watch for a turn.

Ronald K - A Game Changer

Tencent - Huge Profit Taking

There is a huge profit taking in Tencent. The stock had been soaring so much lately and I believe it might have just hit a peak. The stock now is currently rebounding in a form of distribution and soon it will attract another wave of sellers again because those who long at the high is looking to cut loss. I am not sure if Tencent will reach another high but I believe it will form a new high above the last high of 439.60 before a big sell down would occur.

Ronald K - A Game Changer

Sunac - Panic Selling = A Good Rebound

Sunac indeed rebounded on Friday as predicted on Thursday!

http://ronaldkstockmarket.blogspot.sg/2017/12/sunac-possible-rebound.html

The stock massive liquidation combined with the strong buyers were key elements to this rebound. The buy/sell Q thinning to the flipping and change in volume were maneuvers and tricks that were used to create this rebound. Looking at how the waterfall selling was on Thursday, many retailers cut loss and the big boys scooped up the shares to conduct a sweeping action where the rebound was seen on Friday. Read my blog post on Thursday and you shall find gems on how to spot the rebound BEFORE it happened.

Ronald K - A Game Changer

Razer - Locked in Profits

Razer had a huge drop this past week. The stock dropped almost 10% with selling after more selling. Luckily for me, I sold it on the break out day when Razer had a 4% gain as I knew Razer's rebound is normally quite weak and small where I had experienced trading this counter before as every time it hits a support level, it would have a short and weak rebound where it wouldn't last long. This is a very important signal for me to sell on breakouts.

Look at my trade record from UOB Kayhian as attached above. After I sold it on the day it broke out, the stock had been spiraling downwards continuously with no stoppage. The support was weak and the buyers weren't interested in this counter at the current price levels. Could it be some big funds selling or there could be some bad news coming out soon? I don't know but from the chart wise, it's not yet turning. Although I only made like $8000 only, it's still better than holding on to losses now. I will find another turning point in chart soon.

Ronald K - A Game Changer

Sunac - Possible Rebound

Sunac had a massive liquidation today where the stock underwent a big volume throw down with so much buyers cutting losses and cashing out. The Big Boys in this counter were powerful as there was one point I saw the queues thin out on the buy side just so to scare the retailers to sell when they were actually starting to conducting a mini rebound as recorded in the minute chart attached above. This action suggested that the sell down cannot last long and a short term possible rebound is imminent. There are scripts to go long in this counter and I watching for the right signal to go long which I believe is soon.

Ronald K - A Game Changer