SPSetia: A strong downtrend in most of the PROPERTY stocks, including SPSetia ... at a new low.
Bought back after a cut-loss ... now see if the black hammer would do the trick ...and rebound from here.
Here is briefly my trading plan for SPSetia
Entry: RM 1.24- 1.25
Cutloss : If below RM1.20
Target to sell: around RM1.40
Risk: 5 cents
Reward : 15cents
RRR: 1 : 3
Position size : 150 lots (RM18, 750)
Potential losses : 150 x 6 = RM900
Potential Gain : 150 x 15 = RM2200 (minus fees RM50)
Time Frame : 1-2 months.
Disclaimer : This is my position now, not a buy-sell call. Trade at own risk.
To know the details of all the stocks I m trading, do join my group for trial (2 months: Nov and Dec) and see if you could follow my trades (LIVE and REAL trades)
Besides seeing my trades, I do teach trading online in my group explaining all my trades and such. So, one would benefit from seeing trades LIVE with explanations. A box for Q&A allowed so that the learning process could be enhanced.
contact me at cpteh@yahoo.com or 012-821 0129
Have a nice bullish week ahead.
TEH
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