Comfort Delgro & CapmallAsia

I spotted Comfort Delgro last week but was too busy trying to set up SaxoCFDs that i missed it, only to realized that the Saxo Plaform for CFDs for local stocks sucks. There is very limited number of shares available on Saxo for shorting. If you want to trade local CFDs, still think POEMS is the best platform to do so, especially "short" trades.

Anyway, i share this trade so that you will have a better idea how to do a projection on the target.

I wanted to short this counter at 1.96 when the parabolic is triggered. Parabolic is one of the indicators i like to use for trading. After you initiate a trade, you can use Fibo to project the possible target with the 50% mark being the "first target" at $1.86 and the second target at the 38.2% mark at $1.82. 

I think another target that will follow in Comfort Delgro footstep is CapmallAsia.

I shorted this counter a few days back at 1.96, using POEMS this time. Again, using parabolic to initiate and fibo to project, the first target is 1.87 followed by 1.82.

Happy trading.

P.S. by the way, i am pretty busy travelling for work.... and will probably be missing in action the most of Sep. :(