Singapore Stock Trading Insights | Joey Choy
COSCO SHP SG: The System Revealed! Price 0.595! Any Exits?
Over the past 2 weeks, we have seen a pretty impressive run in COSCO SHP SG…The stock has gained 51 per cent over the past week, and 95 per cent over the past two weeks.The stock's current rally occurred shortly after Chinese shipbuilder Yangzijiang Shipbuilding reported better-than-expected third-quarter earnings. That was also just after Cosco announced a S$490 million cash buyout at S$1.02 per share of Singapore-listed logistics firm Cogent Holdings on Nov 3.The stock has since began its aggressive push to a high of 0.61 today…We have covered this stock last week with targets drawn and revised higher with each passing day…Seems like we are seeing our targets breached again….See the 2 charts below before we look at the SYSTEM below…Targets drawn on 7 Nov 2017 Last WeekFor