Saturday, 16 July 2016

[Review] of "Potential Bullish Breakout Volume #1" 4/7 on target, 3/7 still pending breakout

summary
Bullish Breakouts: YOMA, DBS, JADASON,VALUETRONICS
"hovering" UMS MM2, CES

count
4/7 on target
3/7 neutral

Review for those that are still hovering

MM2 is a bit down compared to last week. volume accumulated still not a lot since last week, i will cut if i had enter.

UMS the counter encountered a high volume, coupled with high prices before returning, looked like a false breakout.overall still accumulating. will hold.

CES still hovering, volume is weak in recent times, i will cut off from this counter to seek alternatives.

Review of Uptrended

DBS will continue to run upwards as the MACD is uptrending, SMA up trending and volume is mostly green volume, signalling interest is sustained.

YOMA  there are a few price rejection candles, might dip a bit and hover, but i would keep onto it, as i foresee long term uptrend.

JADASON can continue to hold if willing to take the risk of trapped retailer.

VALUETRONICS  super high volume, sustained interest, can continue to hold on, till the volume subsides and price rejection shows.

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