Coca Cola: JG Fibo retracement pull setup

Weekly chart for JG Fibo retracment pull setup.
Daily price today at 38.2% level; enter short.


Outcome:

29 Dec: Opened SHORT at $69.84
3 Jan: Closed at $70.58
Reason for closing: Stop loss triggered.
Loss $0.74, 1.1%

Cisco: Down trendline broken

Weekly chart shows a break in the long-term down trendline together with a bullish MA crossover.



However, both the price and Lagging Line are still below the cloud, so this is a bearish state.
Some resistance is expected as the price enters the cloud.



Trend identification tools confirm the up trend in the daily time-frame.


Outcome:

27 Dec: Opened LONG at $18.50
6 Jan: Closed at $18.96
Resaon for closing: Price appears to be facing resistance at suspected 161.8% key Fibonacci projection level. Will re-evaluate to buy again on a dip.
Profit $0.46, 2.5%

SIA Engg: Shorting opportunity

Trend identification tools show obvious down trend in weekly time-frame.



Trend identification tools show obvious down trend in daily time-frame.


Outcome:

27 Dec: Opened SHORT at $3.40
26 Jan: Covered at $3.41
Reason for closing: Bullish harami formed at support and MACD-Histogram bullish divergence in both daily and weekly time-frame.
Loss $0.01, 0.3%

IBM: Price bouncing off upper edge of cloud

Trend identification tools show obvious up trend in the weekly time-frame.



Trend identification tools show bullish bias in the daily time-frame.
Price found support at the upper edge of the cloud and rebounding.


Outcome:

21 Dec: Opened LONG at $181.74
21 Dec: Squared at $180.45
Reason for closing: Stop loss triggered.
Loss $1.29, 0.7%

27 Dec: Opened LONG at $184.90
13 Jan: Squared at $177.50
Reason for closing: Stop loss triggered.
Loss $7.40, 4.0%

UOB: Meeting resistance at bottom of cloud

Trend identification tools show down trend in weekly time-frame.



Trend identification tools show down trend in daily time-frame.
Price has been meeting resistance at the bottom of the cloud.


Outcome:

22 Dec: Opened SHORT at $15.66
13 Jan: Covered at $16.20
Reason for closing: Price moved above the cloud and stop-loss triggered.
Loss $0.54, 3.4%

BOC Hong Kong: Shorting opportunity

Trend identification tools in the weekly time-frame indicate a bearish bias.
Price is now close to the weekly Tenken-Sen, indicating that the price has retraced and is not oversold.



Trend identification tools in the daily time-frame also indicate a bearish bias.



75d SMA has been a reliable trend-following indicator in the past; and used in conjunction with over-bought stochastic oscillator crossover has given reliable signals in the past.


Outcome:

16 Dec: Opened SHORT at $18.10
13 Jan: Covered at $19.96
Reason for closing: Stop-loss triggered.
Loss $1.86, 10.3%

Alcoa: Shorting opportunity at down trend line

Trend identification tools confirm down trend.
Daily MACD-Histogram has just ticked down.



50d SMA has been a reliable resistance in the past.


Outcome:

9 Dec: Opened SHORT at $9.58
21 Dec: Covered at $8.82
Reason for covering: Stochastic oscillator bullish crossover signal in oversold zone on 20 Dec.
Profit $0.76, 7.9%

Hong Kong Exchanges: Evening Star Bearish Reversal

Weekly chart shows a down trend.



Evening Star Bearish Reversal pattern formed at confluence of downtrend line, 100d SMA and $135 horizontal S/R level.
Daily stochastic oscillator at overbought level; Evening Star bearish reversal pattern satisfies the stochastic oscillator candle pattern filtering.
Daily MACD-Histogram has ticked down.


Outcome:

12 Dec: Opened SHORT at $129.20
10 Jan: Covered at $121.90
Reason for closing: Large intraday volatility on 9 Jan with long lower shadow.
Profit $7.30, 5.7%