StarHub - Trade Update

Trade update, still in the trade. Painful lesson, did not break trendline at $2.27 should have obeyed my TA and sold off. Easily bought back at 2.13 today. Which look like a possible entry point.

The fact that I did not sell of in the previous high, now my psychology is not "right" to take a trade at $2.13

I think I cannot say this enough times to myself, when trading be mechanical. You are trained in TA and when you see a signal. Take it.

Nasdaq

Just thinking out loud here. I think, with the possible Tech Rally. Nasdaq should part ways with the Dow and S&P soon.

What would this mean for SG market?

Brilliant

Credit Suisse ups Brilliant from $0.25 to $0.35. It says that the worse is over but prospects are not compelling.

Lets see from a technical point of view.

Brilliant has risen from its low of $0.22. The last month, it has test $0.30 once. Today, with the report out, it is unable to break $0.30. It is either Brilliant breaks the key resistance tomorrow or there will be a pull back before making another attempt at $0.30 again.

Volume has also increased and have been trading above the 50 volume average for the last 18 days. I would like to see it make $0.30 its support soon. Let hope wall street can provide some cataylst in the next few days to weeks to push this bugger up! Need some volume to ensure a concret push up.

Indicators are also looking good. Monthly MACD is about to make a golden cross.

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Venture

A quick update on Venture. The close above $12.60 (last thursday and friday) was important on its continual upward push. Volume is encouraging as mild correction was with lower volume whereas push upwards are with higher volume.

Indicators are still encouraging. We should Venture testing its recent high of $13.50 soon. I would think it i will be a matter of time before $13.50 become a support. We should have a clearer picture by the weekend.

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