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. :( 

CapmallsAsia

An update to my previous post on 15 Sep 2012.

A very nice cup and handle pattern. This is a bullish pattern. Enjoy the ride... 

CapMallsAsia & JB Foods

A possible swing trade back to 1.70 or better with a cut loss below 1.60?

Interesting to see that JB Foods have finally turned "positive". Perhaps it is because the CEO started buying at 1m shares 29c recently. It has also recommended a 1c interim dividend. Probably can see higher prices in the coming days?

STI, CapMallAsia and Capitaland

Lets do a quick recap on my previous postings:

CapMallAsia hit my first target of 1.55 today. There is still some way for this correction to run and will probably head towards my second target.

STI - As mentioned in my update yesterday, i am bearish on the STI and has initiated a short position via July SIMSCI this morning. STI is probably heading towards 2950 followed by 2900.

Capitaland - Initiate a short position in Capitaland at 288. First target at 275 followed by 260. Cut loss just above recent high.  

Overall, i think the market sentiments is weak and many stocks look very weak to me. So do take precaution if you intend to take long positions.

CapMallsAsia - Chart review

The CapMallsAsia chart looks interesting. It look likes correction is going to start and i quite like the set up for a "short" trade. First target is 1.55, followed by 1.45-1.50 range. The cut loss should be around the recent high.