Shorting opportunity for Blue Chips

Both DBS and Citydev present good shorting opportunity. Confluence of indicator of both MA50 and Long-term down trendline forming tremendous resistance. Both blue chips are likely to run out of steam soon and should resume its downtrend for this coming week.

Trade with care.

Celestial

Finally, it breaks up with some decent volume. Short-term bullishness. Resistance at MA20 and gentler down trendline thereafter. Pennies arn't going to run hard in this market, suggest Fast in Fast out for quick profit.

Can you really buy at the bottom for investment?

Many of us are holding out for the stock market to crash further. However, how many of us are able to catch the shares we want right at the trough?

If index would to retrace to 1200, would you enter than? You might tell yourself than that 1000 is likely. Before you know it, you will probably be chasing shadow again.

If investment is your cup of tea especially with time frame set at 3-5years, One should seriously starts 'batch to batch buying' as and when market plunge.

Go for blue chips though. Companies (esp market leaders) that can survive this storm will return the fastest and strongest.

CityDev

A trend is assumed to continue its momentum until it changes direction. Short-term downtrend intact. Cluttering just under the trendline. 52 wks low. As the saying goes, high gets higher....low can gets lower.. Today price action drops with huge volume. Shortist can initiate short position anytime just under the cluttering price action under trendline. Cut lost if price break up above trendline.

For long players, watch for breakup with strong vol and overall change in macro news around the world especially those flowing out from US. Take profit once price action nears longer term downtrend line.

Happy Trading.