Anchor resources. 28/02/2017* entered mostly at 11.1c. it is currently very clearly hovering at this range, and i am waiting for the moment of a nice breakout with 3-step move towards 15.6c, i will try to add on dependent on the volume at the first step, after which i will setup a trailing take profit.
Analysis for friends
One of my friends who trades using CFD was sharing with me his thoughts about shorting Starhub. we sort of started trading/investment route around the same time, but we are developing very differently.
Starhub. i would suggest the following approach to trading starhub. to let the price trade into the very obvious resistance band at 3.03, initiating a short, with a stop loss at 3.13 with the take profit at 2.7. otherwise might not be worth longing due to the risk reward ratio.
Singtel. this would be the approach for the other telco, i would suggest a long at the area of value with a smallish position, adding on a similar value of small position at the first pullback/hovering, and tp 50% at the most obvious thick resistance.
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