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Trading ideas for June
 
Singapore

Sihuan
 

Sihuan chart

Every investor’s dream will be to make the most profit in the shortest time possible. Sihuan is such a stock. Ever since the market started to rebound in late March, it has gained a massive 82.5% gain in price from a low of $0.515! While most of the stocks were at the mercy of the market’s volatility, this stock has very shallow pull backs or retracement. It is not wise to just buy any pullback as the stock has risen so much that the risk-reward is not to our favor. Furthermore, the high volume traded on 15th May 2008 may be a warning sign that the uptrend could be coming to an end. It will be better if we can wait for an entry near the level marked by the blue circle on the chart. However at such high prices, we have to be very careful with our cutloss in case the price breaks this level.

 
 
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