1. NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report GM CHART PATTERNS 8 th October 2015 Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department

2. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department NUS Invest is in no way affiliated or representative of any other company, organisation, club or society, and the views presented are solely our own opinions. The author(s) is not a licensed investment advisor. Our services are educational tools designed to assist you in your personal judgment. It is not designed to replace your licensed financial consultant, and nothing in the content shall be construed to be an offer or solicitation for the purchase or sale of a security. All content on our website and related services is for informational purposes only, and opinions have been made on a general basis. No consideration has been given to any particular individual or specific investment objectives, financial situations or other circumstances. As such, the content should not be relied upon as authoritative without further being subject to the recipient’s own independent verification and exercise of judgment. The fact that the content has been made available constitutes neither a recommendation to enter into a particular transaction nor a representation that any product described within is suitable or appropriate for the reader. Readers should be aware that many of the products which may be described within involve significant risks and may not be suitable for all investors, and that any decision to enter into transactions involving such products should not be made unless all such risks are understood and an independent determination has been made that such transactions would be appropriate. Disclaimer

3. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Agenda Recap on Support, Resistance, Trendlines Head and Shoulders / Double Bottom, Double Top Triangles Flags / Pennants Conclusion

4. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department What is a Trend? The general direction in which a security or market is headed (Peak) (Trough) (Peak) High Low High (Trough) Low

5. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department What is a Trend? 3 directions  Uptrend  Downtrend  Sideways Trend

6. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department What is Support & Resistance? Price level where buying pressure is thought to be strong enough to prevent the price from declining further Price level where selling pressure is thought to be strong enough to prevent the price from rising further Support Resistance High Low High Low Resistance Support

7. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Characteristics of Support & Resistance Resistance Support When resistance is broken, it becomes support

8. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department What is a Trendline?  Up trendline  Straight line drawn upward to the right along successive reaction peaks 1 3 5 2 4  Down trendline  Straight line drawn over successively lower peaks 1 2 3 4 5

9. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Trendlines as Indicators Basic concept of trend: A trend in motion tends to remain in motion Hence, trendline breaks indicate important changes: ?

10. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Trendlines as Indicators In the penetration of a trendline, there are TWO scenarios: 1. Intraday small market violations

11. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Trendlines as Indicators 2. Breaking of trend

12. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Agenda Recap on Support, Resistance, Trendlines Head and Shoulders / Double Bottom, Double Top Triangles Flags / Pennants Conclusion

13. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department What is a Head and Shoulders Pattern? Reversal from uptrend Changeover of power from bulls to bears Uptrend Left Shoulder Right Shoulder Head

14. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern – Part by Part Higher highs and higher lows.. BUT Uptrend Left Shoulder Head

15. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern – Part by Part Bulls fail to push the price higher Test of support line/neckline Uptrend Left Shoulder Head Right Shoulder Neckline

16. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern – Part by Part Confirmation Uptrend Left Shoulder Head Right Shoulder Neckline

17. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern – Reasoning Hint of impending reversal through decreasing momentum Uptrend Left Shoulder Head

18. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern – Reasoning Right shoulder represents last-ditch rally / late buying Uptrend Left Shoulder Head Right Shoulder Neckline

19. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern – Reasoning Approach of neckline proves them wrong Uptrend Left Shoulder Head Right Shoulder Neckline

20. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern – Reasoning Penetration of neckline confirms reversal Uptrend Left Shoulder Head Right Shoulder Neckline

21. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern Trader’s remorse Support to resistance The 1-day rule Uptrend Left Shoulder Head Right Shoulder

22. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern – Setting price targets Height of neckline to head Uptrend Left Shoulder Head Right Shoulder Price target Stop loss

23. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern – How to Trade?

24. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Inverted Head and Shoulders Pattern Reversal from downtrend Changeover of power from bears to bulls Downtrend Left Shoulder Right Shoulder Head Neckline

25. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Inverted Head and Shoulders Pattern – How to Trade?

26. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Head and Shoulders Pattern – How to Trade?

27. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Double Bottom W-shaped Reversal from downtrend Changeover of power from bears to bulls Downtrend Resistance

28. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Double Top M-shaped Reversal from uptrend Changeover of power from bulls to bears Uptrend Support

29. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Agenda Recap on Support, Resistance, Trendlines Head and Shoulders / Double Bottom, Double Top Triangles Flags / Pennants Conclusion

30. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Symmetrical triangles Ascending triangles Descending triangles Triangle patterns

31. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Triangle patterns --- Consolidation

32. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Lower highs and higher lows What is a symmetrical triangle?

33. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Where is the symmetrical triangle? A B

34. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department What is an ascending triangle? Flat resistance and higher lows

35. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Where is the ascending triangle? A B

36. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department What is a descending triangle? Flat support and lower highs

37. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Where is the descending triangle? A B

38. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Trading a symmetrical triangle: method one How to trade triangle patterns? Enter after the price breaks Stop loss on the opposite slope Take profit as the height of the back of the triangle

39. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Exercise: Where do you put your entry, stop loss and profit target using method 1? How to trade triangle patterns?

40. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Answer How to trade triangle patterns? Enter after the price breaks Stop loss on the opposite slope Take profit as the height of the back of the triangle

41. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Trading a symmetrical triangle: method two How to trade triangle patterns? Enter after the price back to test the slope Stop loss below/above the support/resistance area Take profit as the height of the back of the triangle

42. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Exercise: Where do you put your entry, stop loss and profit target using method 2? How to trade triangle patterns?

43. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Answer How to trade triangle patterns? Enter after the price back to test the slope Stop loss below/above the support/resistance area Take profit as the height of the back of the triangle

44. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Trading an ascending triangle: method one How to trade triangle patterns? Enter after the price breaks Stop loss on the opposite slope Take profit as the height of the back of the triangle

45. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Trading a ascending triangle: method two How to trade triangle patterns? Enter after the price back to test the slope Stop loss below/above the support/resistance area Take profit as the height of the back of the triangle

46. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Trading a descending triangle: method one How to trade triangle patterns? Enter after the price breaks Stop loss on the opposite slope Take profit as the height of the back of the triangle

47. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Trading a descending triangle: method two How to trade triangle patterns? Enter after the price back to test the slope Stop loss below/above the support/resistance area Take profit as the height of the back of the triangle

48. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Breakout of upper slope usually comes with increase in trading volume. Tip: Increase in volume Decrease in volume

49. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Why does the price increase come with the volume increase? Student A Price of Paper & Answer Mugger $20

50. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Why does the price increase come with the volume increase? Student B Price of Paper & Answer Student applying SEP $20 $500

51. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Why does the price increase come with the volume increase? Student C Price of Paper & Answer Slacker $20 $500 $2000

52. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Agenda Recap on Support, Resistance, Trendlines Head and Shoulders / Double Bottom, Double Top Triangles Flags / Pennants Conclusion

53. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department What are Flags and Pennants? A strong uptrend/downtrend followed by an area of consolidation Consolidation area usually slopes sideways or in the opposite direction (< 45°) of the prevailing trend Typically continuation patterns: price will most likely breakout in the direction of the flagpole

54. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department What are Flags and Pennants? Flagpole Consolidation area: between 2 parallel trendlines Breakout: Same as height of flagpole Flagpole Consolidation area: between 2 converging trendlines Breakout: Same as height of flagpole

55. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Psychology behind Flags and Pennants Strong move Consolidation Breakout Market is taking a rest after the previous strong move before continuing its previous trend Consolidation represents profit taking by short term traders, hence volume tends to recede in consolidation Breakout is characterized by high volume

56. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Examples Nice bullish pennant Nice bear flag B A D C

57. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Examples A B C D E Nice Bull Flag Failed bullish pennant Nice bear flag Not a flag

58. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department How to trade Pennants Entry price Stop Loss Take Profit Flagpole Profit target (same as height of flagpole) Risk Reward

59. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department How to trade Flags Entry price Stop Loss Take Profit Flagpole Profit target (same as height of flagpole) Risk Reward

60. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Tips for Flag & Pennant trading Look for strong trends to form the flagpole Tight flags perform better than loose flags: the closer the price adheres to the trendlines in the consolidation area, the greater the chances of breakout success.

61. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Recap Head and Shoulders Double Top Double Bottom

62. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Recap Triangle patterns

63. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Recap Flags & Pennants

64. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Recap Patterns covered: - Head and Shoulders - Double Tops - Double Bottoms - Triangles - Flags and Pennants List of patterns is not exhaustive Next workshop: Western Indicators

65. Chart Patterns 8 th October 2015 NUS Invest nusinvest.com DISCLAIMER AND DISCLOSURES Please read the disclaimer and the disclosures which can be found within this report Gan Jingzhi, Khong Zhan Qing, Saw Le Yong Global Macro Department Q&A Session