Koon Yew Yin's Blog
Why Investors do not react according to the chart? Koon Yew Yin
Koon Yew Yin
Publish date: Thu, 13 Aug 2015, 11:04 AM
Koon Yew Yin
0 1,424
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
The following chart was published by CIMB on 11th Aug for investors to buy VS more aggressively yesterday and you expected VS price to go up. But instead it dropped 13 sen.
Technical charting has its merits but they can also be unreliable sometimes. This paradoxical statement needs further explanation.
Under normal circumstances, the charts give us a good indication about which direction the market is heading but this can all change or be nullified through market maker’s intervention or by some external news event. Yet, we have to constantly refer to them, like a pilot needs to refer to his instruments during flight.
I try to combine a number of indicators to strengthen my read on the charts. Just like a court case, a smart lawyer getting a number of independent witnesses in collaboration is always good for the defense.
As you know, our political situation is in a mess and our ringgit is 17 year low and investors are afraid that it can be worse. Economic sentiments continue to plague the markets and irrational emotion overrules logical thinking. This does not augur well for the stock market.
In all likelihood, it will provide excellent buying opportunities for those shares that are fundamentally sound. As I said many a time, buy when people are panic selling and sell when the market is euphoric and people are crazily buying.
However, I will not rush into any serious buying until some semblance of market stability returns. I am buying only fundamentally good shares with tremendous profit growth prospect. Since our ringgit is 17 year low, all companies that export their products in US$ will have increasing profit. You must bear in mind that EPS growth is the most powerful catalyst for moving share prices.
As I write, the KLCI is up by 11 points and the prices of all my favorite stocks VS, Latitude and Lii Hen are all going up.
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Discussions
3 people like this. Showing 12 of 12 comments
If you don't know what you are buying and just follow KYY, guess who is the idiot
2015-08-13 11:50
.
Hard sell.... again and again
What is next???
These.........................??
k ~~~ "Buy these few counters from me and get a FOC authorised picture of me"
or
k ~~~ "Buy these few counters from me and get a FOC coffee maker"
In all likelihood, it will provide excellent buying opportunities for those shares that are fundamentally sound. As I said many a time, buy when people are panic selling and sell when the market is euphoric and people are crazily buying.
.
2015-08-13 11:59
Enuf said..as usual..those who buy at the highs will be shitting bricks when mkts topping out n undergoing a correction.....
2015-08-13 12:36
When you buy a stock..it is assumed that you buy it of your own volition...meaning you can't blame others for your follies..!!
2015-08-13 15:41
Bilis Bilis "....through market maker’s intervention....."
Yes this syndicate is going to push VS next 4 day to 5,80 and slump it down to 5.50
13/08/2015 19:56
that bullish insider bar followed by a drop (of tight range candle dark body) is a typical "goreng" tactic of the syndicate ,nothing unusual, your explanation on the syndicate is both unnecessary and invalid....
2015-08-13 20:04
hahah koon you are an idiot. You may be a good investor but when it come to technical analysis you are a newbie and no match for professional traders. KLCI will hit 1500 this month and all your favorite stocks will plunge another 10-15%. I advise you to dump all and leave because after that it will be sideways for a long time, old man. Move on to the put warrants and you make more now hahahahah
2015-08-14 13:46
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Change the whole bunch of idiots, then only we will be heading for a brighter future
2015-08-13 11:14