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Dow Jones Industrial Update
Some of you may recall my last DJI post...
"As mentioned in my previous post on Wednesday, it was clear that the indicators were extremely bullish, didn't post as it was not necessary until today, where we've again come to another crossroad. The week ended with DJI climbing continuously for 3 days with apparent increased trading volume. Funds have moved back in. On Friday, DJI ended off its high at 13688 and closed at 13639. The level to watch on Monday would be whether the DJI breaks its previous resistance (denoted by the line drawn) tested on 1st, 4th, and 5th of June, and again tested on Friday. "
As seen today, DJI is still testing that resistance level and not decisive about breaking it. Watch the volume play today as it would provide us with clues to whether it would eventually be broken soon.
Dow effect on STI - STI is also now trading at its high, if DJI continues this way tonight, tomorrow will be sideways for STI.
Squeeze Breakouts of 13th June - Revisited
Thanks Fnulnu for the update on Ho Plaza.
The recent squeeze breakout calls that I posted on 13th June, last Wednesday, were perfectly timed and all 100% in the money. CONGRATS to all vested! Please see updated charts of the 4 counters for the info of those vested in them.
Those not already vested in the 4 should not enter longs as I've previously mentioned that I do not advocate entering into calls after 1st day of breakouts.
Will be posting new breakouts soon. Stay tuned too for Dow Jones Industrial updates.
China Farm
China Farm's run should continue. Those vested may want to consider selling half of initial entry.
Ho Plaza
As mentioned by Fnulnu, the run still looks good.
Tiong Woon
Tiong Woon losing slight momentum. Money is still in the counter, so that's a good thing. However, consider taking some profits.
TechOil&Gas
TechOil&Gas's run looks fairly healthy. Still some upside.
Great to see Federal moving again!
Ray, saw ur post abt VibroPower. Is it time to enter now? Pls advice. Thks!