Seems like the calm has arrived and all negative news have been digested. Maybe they also realize that there is an over reaction to the mass selling. For a trend follower like me, I could observe that the past few days exhibit a short term upward trend. Of cos, this does not mean that everything should just surge up from now on, but at least short term wise (5-10days), we should observe a relatively smooth upward trend.
Anyway, loaded some TiongWoon @ $0.995 with cutloss at $0.833. Although it is still higher than the price when I sold it, no one could clearly tell what's gonna happen in the past week. To me, this is the cost of certainty.
I also loaded some FJBen @ $0.825 with cutloss at $0.753. This is another that recovered well from recent correction.
Lastly, I've loaded some Federal @ $0.72 with cutloss at $0.608.
If you realise, the cutloss range is huge. This is because of recent volatility in the markets and it would be unrealistic to set a cutloss with a tight range.Labels: Federal, FJBen, TiongWoon |
