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Tat Soon Ho, a professional equity trader for a Global Bank based in Singapore specializing in US equities for the past 4 years and currently completing his CFT (Certified Financial Technician). Prior to my current role, i spent about 6 years in the area of Wealth Management focusing on... More
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  • NU SKIN (NUS) Possible Bottoming Out Process - Accumulate

    There seems to be a nice bottoming out process at existing prices around $73. The immediate support could come nearer to below $71 and $68.

    Risk and rewards are getting more attractive with every dip.

    With resistance around $78 and $89 and possibly taking those resistances out.. $100 onwards should be in sight.


    Happy Trading!

    TS Ho

    Tags: NUS, reversal
    Jun 27 1:02 PM | Link | Comment!
  • Will We See A Total Control By The Bulls In Zynga (ZNGA)? "Marubosu"

    Total control: bodies without shadows ("marubosu")

    Sometimes a candlestick is all body and no shadow. It has no shadows extending from the top or bottom of the candle. The Japanese call them Marubozu, and they are difficult to find in a real market.

    A white marubozu candle has a long white body and is formed when the open equals the low and the close equals the high. The white marubozu candle indicates that buyers controlled the price of the stock from the open to the close, and is considered very bullish.

    From the current daily candle.. it seems like that might be the likely scenario.. though we are still 3 hours away from closing. This is a pretty rare occurence.. but even if it doesnt turn out that way.. it might likely be an bullish engulfing.. fingers crossed.


    Happy Trading!

    TS HO

    Tags: ZNGA, marubosu
    Jun 25 12:35 PM | Link | Comment!
  • Zynga (ZNGA) --> Buy On Dips; Possible Selling Climax

    Why consider having ZNGA in your portfolio?

    1) Risk & Rewards

    --> We have a base support at $3.00 and a sharp spike reversal at $2.50. And the longer it holds this "rounded base" , the stronger the perceived support (accumulation by those who knows) for ZNGA.

    2) Extreme pessimism (at least it seems)

    --> There seems to be no good news coming out from this counter, no visible and constant coverage and upgrades and every single news is saying Sell, sell, Sell.

    3) Technical indicators showing bullish divergence

    Declining volume on the past few days with declining prices
    Steepest resistance line broken

    Momentum showing signs of divergence

    I Let's see how it pans out the next few weeks.

    Happy Trading!

    Tat soon

    (click to enlarge)

    Jun 20 8:34 AM | Link | Comment!
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