Ooi Teik Bee

If the price breaks out of the resistant line, I still want the color of the candle to be green. It is my requirement on top of volume and price breakout. If the color of candle is red, I will wait until it is green before I enter trade. Thank you.

2013-09-08 13:29

imoogi99

Hmmm...just curious OTB...if not mistaken you put a buy for puncak-wb for your stock portfolio challengers at 2.09 which is a red candle. So how this explain the above?

Thanks.

2013-09-08 13:32

Ooi Teik Bee

I mean when the candle breaks out of the resistant line, that candle must be green candle. Green candle means bullish breakout. Red candle means bearish breakout.
Please note that I buy Puncak-WB even it is a red candle. It is a competition, the rule is to base on closing price. Hence I want to buy it cheap or on weakness. After the breakout, the price is already bullish, I will buy on weakness if I think the chart is super strong. I do not care about the color of the candle anymore.
Hope it explains. Thank you.

2013-09-08 13:43

imoogi99

Thanks OTB...appreciate your explanation.

2013-09-08 13:46

mcapric13

sorry,OTB...I'm fresh about the chart analysis..any material do u recommended to learn about it?

2013-09-09 11:16