Who likes Diamond?

Girls love diamonds, well, my wife is exceptional.She does not wear jeweleries, tat is why she always tells me that she gives me a lot of savings.


Fig 1 Tiong Woon Daily Chart

I have earlier bought this counter at 0.455. It went up as expexted but failed to reach my objective, and unfortunately, it came down all the way to below my buying price. I stopped loss as I find the move to be quite bad.

So now I see diamond in this chart and it has just broken downward. Diamond is reversal signal and this is no good for Tiong Woon. The objective for Diamond on Tiong Woon is 0.40.

Tiong Woon -- Penant

I have been playing with Tiong Woon before I stopped for 2 years. As I sent through Tiong Woon chart again today, it seems like I have missed a huge part o its moved.



Fig 1 Tiong Woon Weekly Chart

Base on the chart, Tiong Woon has retreated from its peak to as low as SGD0.14, it has regained some ground since and now resting at 0.385. The more I see this chart, the more interest it is to me. It has in fact creating a penant, which is similar to a flag. So the flag fly half pole meaning that it is only half way to its final objective.

Base on the measurement, it should be heading towards SGD0.638. Good thing is that the weekly Moving Averages are both SUPPORTING the price, bad thing is that the cross is not very golden, so there is some risk involve. I would have to put in a stop loss at 0.365