Why I traded Hi-P International on 12th February 2019? - till date it has traded 70cts up per share..

12th March - updated chart EOD

As shown on 11th March chart above, the trading system triggered "Professionals Distribution" yesterday and
indeed today we witnessed strong pull-back towards day's low of $1.73 before closing the day at $1.75.

There are still sellers out there, inorder for the price to move higher, sellers have to be absorbed.
For the next trading sessions, stay sideline and watch how the chart will evolve.

 

 

13th March - updated chart Morning intraday

 

Today triggered "Top Reversal", with average volume...Let's see if this is a flush out for weak holders....

 

 

 

26th March - updated chart EOD - Cut loss Alert starts to appear

 

 

 

 28th March - updated chart EOD - Cut loss at day high $1.59

 

 

 

 

 

 

 

 

Eveyone knows how to buy shares, but knowing when to sell is a special skills?

Above is a weekly chart of Hi-P International. As the shares started to bottom again in January 2019, I continued to monitor the smart money activities. The proprietary indicators started to show "Markup Bullish" on 2nd week of January, telling me that the smart money is getting into this stock soon. By early February, the relative strength line began to move above zero line meaning that the stock is moving in sync with the STI index. Subsequently, in mid-February, "Uptrend indicators were triggered over 15th and 22th confirming that the this stock is going to fly.

I took a trade on the 1st "uptrend' trigger on 12th February at $1.02..

Watching patiently for the smart money to unload their inventories... Till date, 6th March, I am watching the stock is being tested for a higher price. The range of test is between $1.47 to $1.60 range. Breaking either side will determine the future of this price trend.

As such, for now is to wait patiently for the chart to evolve.. No need rush to add lots or sell early.

Let the market tells you what you should do next.....

Be patience, let the stock trends until its bend.....

Happy Profitable Trading 2019