Today’s Special: 18 April 2020

Frankly, I do not have faith in the recent rally. Time will tell whether the fundamentals will be reflected dearly in the markets. Anyway, since we are all under lock-down, thought of looking at possible short term trading opportunities.

Ranhill (Country: Malaysia): My Buy signal has been triggered. It is currently trading at about 3.7% div yield. Likelihood of further upside if it breaches the 200D-MA. Perhaps, an entry closer to $1.0?

RANHILL_18042020

INTEL (Country: US): Buy signal triggered. Moving averages are aligned. Anticipating target price of $69-70, with resistance at about $52.75. Prefer to look at a put credit spread with short put at $52.5, long put at $50.0. Based on TastyWorks platform, with expiry @ 15 May 2020, POP is about 81%.

INTEL_18042020

INTEL_ProposedTrade_18042020

This post is not an investment advice or endorsement. Kindly refer to general disclaimer of this blog.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s