Dr Robin Stop Chasing The Markets 30 May 2012
In this event, Dr Robin Han focused on discussing stocks from the Straits Times Index (STI). Besides using candlesticks patterns (Doji, Bullish/Bearish engulfing patterns, etc) and price action setups (combination of support and resistance levels and Fibonacci Retracement/Extension), Dr Robin also uses indicators such as Volume, MACD and MA as confirmation signals for market entries and exits.
Particular importance was paid to Olam, Golden Agri, SIA, Sakari, Biosensors and Wilmar. All in all, our participants gained a better understanding of price action trading and were convinced that “buy and hold” strategy does not work as well as it used to in the financial markets.