Let's do some more range trading simulations before actually putting my money in, and also in this View of The Day, I would to see how the 2 recommendations I made in the past couple of weeks.
My target today, my fave share, 1766 China South Locomotive: it has come down to $ 5.79 penetrating beneath the lower Bollinger band. STC and RSI have yet to indicate buy signal (because the free graph we have from ET Net is yesterday's) but these 2 indicators should so indicate today or tomorrow. I don't mind to wait for a day to ensure 1766 is truly a buy.
On 26 April, I picked 20472 Macquarie-Tencents put, at around $ 0.121. It closed at $ 0.136. I should have sold it at $ 0.134, making a profit of 10.7% (gross) or around 10% (net of all costs). Not bad for an overnight trade.
On 21 April, I recommended 173 K Wah (at $ 2.80) Today closing at $2.78 but the buy sign was more obvious now. I shall hold for another week.
On 20 April, I recommended 272 Shui On Land (below $ 3.70). Today closing at $ 3.55. Again the buy signal appears to emerge gradually. Hold for another week.
On 13 April, 19964 UBS-HKSE put was recommended at around $ 0.07. Today closing at $ 0.097 (turnover 38.15 m shares). Likely I could sell it at $ 0.094, making a 13.4% profit gross of costs - net profit margin would be 12.7%, for a period of 2 weeks (but if I was more viligant, it could be sold on 19 April at the same price.....)
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