Daily Market Updates on Stocks & Forex | Trading & Investing Strategies for Stocks & Forex, Singapore Stocks, US Stocks, Futures, CFDs, etc

SGX Singapore Stocks | Super Group – Super Breakout!

After getting a tip-off from one of our students, today we kept a prudent eye on Super Group, and true enough it staged a stupendous breakout from its consolidation pattern.

With the results coming out soon on 11 Nov, could this be another instance of price leading the news?

The breakout was clean, supported by strong volume (1.7x the average volume), topping the ranking today with a +3.52% gain in the market.

If results don’t disappoint, it will likely head up to test the previous swing high.

For those who have signed up for the free market outlook session today (Thursday), I have prepared some interesting charts to show the big picture of the market which I will reveal during the session. For those who want to drop by, there might still be a few seats left. https://www.eventbrite.sg/event/8794674107

s10 071113 screenshot

0 Comments/by Spencer Li

Singapore Forex Trading | Swift Plunge on the EUR/USD for 200 Pips

Market Analysis

A swift spike down on the EUR/USD once it reached the key supply zone, triggered by the price behaviour. This was an excellent chance for all to short, although there was no good pullback to stack more positions.

The subsequent move was strong and sharp, taking off 200 pips for a tidy profit.

0 Comments/by Spencer Li

SGX Singapore Stocks | First Resources Flew Up +7.7% After Accumulation Buying

Market Analysis

After our post on commodities yesterday, today we saw a new commodity counter stage a breakout after a long period of accumulative buying. First Resources, after breaking out, surged a whooping +7.7% return in one day, ending the week with a bang for all of us in the Synapse Network! :]

Any astute investor or trading would have by now noticed the steady gains in commodities across most counters, with First Resources posting a net gain of 23% since we started covering it a few months ago. Catching these big moves are the best opportunities to grow your account in a low risk environment instead of gambling on penny stocks.

Read previous posts on this stock:
https://synapsetrading.com/tag/first-resources/

0 Comments/by Spencer Li

Guest Speaker at Sparks Summit – Singapore’s First Life Hacking Conference

News & Events

A few months back, I was invited as a guest speaker at this exclusive conference, the very first life-hacking conference in Singapore.

Top specialists from each field were carefully selected to give a short, insightful, and practical lecture, aimed at providing participants the real practical expertise of these speakers in bite-size nuggets of wisdom.

0 Comments/by Spencer Li

Singapore Forex Trading | AUD/USD: Follow-up from Reaping Profits $$$

Market Analysis

Following up from my massive shorts last week, I continued to add more positions as the market moved in my favour, accumulating a large position as I waited patiently for the market to move in my predicted direction.

Today, after the market dropped 135 pips, we started reaping some profits from our positions, and adjusted our stops to lock in profits, while allowing our positions to run further for maximum profits.

This is the previous link:
https://synapsetrading.com/singapore-forex-trading-audusd-the-crucial-weekly-pattern/

I am glad we managed to make profits on this trade by helping one another in the Synapse Network, and having the discipline to stick to the setups learnt in the course.

For those who signed up for the December course, I hope this will help you cover back part of your course fees even before you attend the course. Cheers!