My 2nd chance to enter Sino-Ocean arrived today, as it closed with a white candle marginally above the 10-day MA line. The details of my trade as follows:
EP: 5.32
TP1: 6.12 (below recent high)
TP2: 7.72
SL: 4.52 (below 50% Fib support)
Stochastic : 50, pointing up
Size: 4 lots
Potential $: SGD1,200 or 22% gain on portfolio.
Potential Loss: SGD 600
Risk- Reward: 1:2
Candlestick Pattern: Bullish Engulfing
This time, I vow to ride it all the way.
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