Daily Update

cosco is short term bullish but base is not mature yet. resistence n support as shown on chart. rally near overdone but might be affected by market retracement. take note of base support (slanted line) if it breaks. estimated target 527 if bulls hold on well.
wilmar is short term bullish with a nice base but rally has been clearly overdone and due for retracement. support zones as above with base line 447 as main support. target estimated @530 if bulls hold on well.

do take note, the review will change if short term bulls turned bears, and this will affect most of the stocks. ride the retracement first (downwards correction), wait for signals of trend change before re evaluting the market and stocks of interests.

apologise for the hasty review...

**post a comment if u wish for a review to be done**

good afternoon,

fast market, retracement in progress as expected, manage your shorts carefully as we are entering the weak zone of short term bulls which may turn bears if the retracement became excessive... i will not repeat previous statements i made abt the market unless any changes takes place...

to answer some questions
- overnight positions will be posted as done so in past few days but intraday transactions will not be.
- sorry Pearl, but i do not have the adjusted chart for GoldenAgri, poor man like me dun have good facilities... but now that you noted, i totally forgot about their split... there are a few methods to play splits, under certain rules which cannot be revealed, 1 method is to buy 4days before ex and sell on the day before ex...

cosco n wilmar review will be done later, today is a packed day for intra day players... intra day shorters rather... sorry for the delay...



enjoy trading... Heiwa