Looking at the Dow Jones, it looks like traders are starting to buy on the dip in an uptrend.
Looking at the STI, it is bouncing up from a downtrend channel. With the above 2 charts, I decided to try to find some opportunities to trade the market.
I found Yangzijiang. This chart is a 2-year chart and I saw that I could draw a trendline all the way from March 2012 to September 2013. And I saw that price is breaking out from the down trendline. Volume also seems to be picking up.
So I picked up Yangzijiang at 1.02. Stop loss at 0.91. First target at 1.14 valid for 3 days. And from now, no trailing stops while the first target is valid.
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