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Thursday, May 3, 2018

Major & Minor Diamond Buy April 30, 2018

Major

KLSE

KLCC PROP&REITS-STAPLED SEC
closing price (major green diamond) 7.78

SGX

Singtel 10
closing price (major green diamond) 3.53

HKEX

HING MING HOLDINGS LTD
closing price (major green diamond) 1.48

NYSE

Liberty Property Common
closing price (major green diamond) 41.82

Nasdaq

Mid-Con Energy Partners LP Unit
closing price (minor green diamond) 2.09

Minor

NYSE

PIMCO Strategic Income Fund Inc CEF
closing price (minor green diamond) 9.48

Action without vision...

a good quote to ponder

Wednesday, May 2, 2018

USANA Health Sciences Inc Common - May 4, 2018 (Weekly Stock Pick)

Based on USANA Health Sciences Inc Common weekly chart, a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2). Smart money took a 5 months, from May 2017 to Oct 2018, to accumulate, with the evidence of Sign of Strength as iVSA chart above. USANA Health Sciences Inc Common broke through the resistance level in Oct 2017 with volume. Smart money continues to mark-up the price in few weeks after the breakout.

Price is consistently moving upwards. USANA Health Sciences Inc Common reached maximum high and we can see great profit taking have take place. To ensure the smart money continues to participate on the uptrend, we prefer to wait for more Sign of Strength.

Weekly Market Outlook for FBM KLCI by iVSAChart - May 4, 2018

In the past few months, KLCI market was remarkably moving upwards, In a few days, it started moving sideways.

A recap of FBM KLCI recap market outlook is noted below:

Looking at the Major Green Diamond Buy Signal on March 22, 2017, 1873.00 was the closing price. According to iVSAChart ATA Diamond observing the bar next day, the buy condition has been triggered.

Based on the 6-month period chart, on April 4th, we noticed the Red Diamond (sell signal) appeared. There has been slight decrease about 2.51% on FBM KLCI, within the last couple of months.

With closing price of 1873.00 noted on April 11, 2018, trend reversal which indicates Sign of Strength together with both Green Diamond Buy Signals.

The Red Sell Diamond (sign of weakness) appeared on April 4, 2018, but Sign of Strength was spotted on April 11 and 18, 2018 but red sell diamond reappeared on April 24, 2018. This state that the market has started to weaken, despite the strong signals that rallied in the past few months.

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Disclaimer: This post is meant for information sharing. It does not served as trading ideas for buy or sell. Please do your research and practice prudent risk management as you are responsible for your own decisions.