I'm a trader. I apply swing trading methodology and chart patterns reading. Working hard to eliminate mental anguish in trading. Philosophy: Trade when you are riding a bull, invest when struggling with bear.
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2014-04-17 15:33 | Report Abuse
anyone understand about this company background? mind sharing? thanks!
2014-04-16 21:45 | Report Abuse
500plus, wait patiently for a major market correction, doubt if they wont survive an economy downturn, given that their biz related to consumer staples!
2014-04-16 13:41 | Report Abuse
Thanks matrixcool, I learnt a lot from your experience.
I bet that you must have made a great comeback.
Have to agree that technical indicators can distract us from the main focus on the chart, that is the price action and vol.
Each stocks reacts differently, so applying a general method wont work all the time. What I think traders can do is to lose small, win big.
Looking forward for TAFA or FATA mix. =D
2014-04-16 10:07 | Report Abuse
The 200ma I referred to are the ma(s) of respective time frame charts, for example, 200ma of hourly chart is average of most recent 200 hours closing.
I think you are right with 1.40/1.32, 1.40 was the previous high on hourly chart, cause now it's trading near its 200ma of hourly chart, doubt if it will dive really deep below if short term uptrend still intact, anyway i might be wrong as im still picking up knowledge.
2014-04-15 23:03 | Report Abuse
matrixcool, the 200ma on hourly chart can't be used for stock screening purposes, but what I do is if I found an interesting counter(which I consider of buying, mostly pullbacks), I will watch it's live hourly chart and wait for rebound from the 200ma or breakout to above the 200ma, but sometimes both can rally up and fail again.
I noticed that some stocks that breakout with great price action share some characteristic like breaking out from below the 200ma on either hourly or 15 min charts.
Like hevea, today and yesterday, the price rebounded weakly from and thus lingering around the hourly 200ma. Plus it haven't broken the downtrend line on hourly chart yet.
Thats how I use hourly chart lah, but sometimes still can end up in a bad trade lol.
2014-04-15 20:20 | Report Abuse
matrixcool, do you think maica looks attractive now?
2014-04-15 19:37 | Report Abuse
fake movement or genuine?
2014-04-15 15:54 | Report Abuse
Hahaha I can't bear with paper loss, duno to hold or to look for alternative entry
2014-04-14 16:36 | Report Abuse
Using UOB KH currently, the platform gives me access to chartnexus. Maybe because 200ma separates bull and bear region. So breakout or rebound may be expected, just my 2 cents...
2014-04-14 15:41 | Report Abuse
Matrixcool, do you consult hourly charts? And if so, do you apply 200ma on hourly charts? Not sure if it really help much, but you might be surprise sometimes to see the price action near this ma. =D
2014-04-14 12:27 | Report Abuse
50% Fibonacci retracement level, from 1.50 to 1.18, do you consider stochastic in pin-pointing possible reversal?
2014-04-14 11:36 | Report Abuse
matrixcool, Hevea retest 50% level, looks attractive?
2014-04-11 19:06 | Report Abuse
nice hammer, around 61.8% somemore
2014-04-11 16:54 | Report Abuse
4u2c, any time frame for your tp to hit?
2014-04-11 16:25 | Report Abuse
Pika Pika, same view here! =D noticed the pattern
2014-04-10 10:01 | Report Abuse
today will form gasing berputar or honey star?
2014-04-09 23:20 | Report Abuse
Johnny Cash, did u notice something funny with the date for today's retail market monitor?
2014-04-08 12:36 | Report Abuse
so can I view it as the queue could possibly set as a road block so that 'they' can collect more first?
2014-04-08 11:22 | Report Abuse
Matrixcool, do you think hevea's chart looks attractive now?
2014-04-08 11:18 | Report Abuse
I think we can see this point from the buying queue, Pika (chu xD)
2014-04-08 10:03 | Report Abuse
Pika Pika, did u meant the gap between April fool and 2nd of April?
2014-04-08 09:21 | Report Abuse
buy buy buy if it form a hammer with long tail today!
2014-04-04 23:28 | Report Abuse
if it happens,like bjoy said, then first thing will come into my mind is milo. Haha, lol.
2014-04-04 12:45 | Report Abuse
then why 'trading-buy' instead of 'buy'? If it is really a long term, then I'm really have been fooled, some more on 1st of april. lololololololol
2014-04-04 12:19 | Report Abuse
now look at today and yesterday candlesticks can consider them as harami or not?
2014-04-04 10:41 | Report Abuse
im wondering if kenanga issued an april-fool trading buy call, hahahaha
2014-04-03 21:01 | Report Abuse
Uncle Koon, whats your view on TSH? TQVM!
2014-04-02 20:45 | Report Abuse
Any further explanation for 6), why people will start to default their loans after number 5)?
2014-03-31 22:39 | Report Abuse
Issit the begining of uptrend? sorry for asking, still on the beginning of learning curve. thx
2014-03-31 09:45 | Report Abuse
just a lame joke, i saw cup and handle with this counter's price chart (really), seems like related to it's business with cups
2014-03-29 00:07 | Report Abuse
Ayam Tua also here? I think Im seeing cup with handle in this counter extending from nov, and handle is forming now, can anyone confirm me or correct me?
2014-03-26 23:43 | Report Abuse
bila baru want to breakout?
2014-03-26 19:37 | Report Abuse
i see menang's silhouette in this counter
2014-03-24 12:01 | Report Abuse
Sorry ah, tumpang tanya, Mr OTB, what is your view on mphbcap and lbs chart?
2014-03-21 13:00 | Report Abuse
I have been trying to look for figures regarding to their young palm oil tree land area and age, any idea where i can find these info? Thx!
2014-03-21 10:16 | Report Abuse
if it ever drop to 1.3 - 1.32 is it a good price to collect?
2014-03-20 22:29 | Report Abuse
It could form side trap if it reverses tomorrow! (I might be wrong) Is there anyone who knows charting agree with me?
and miketyu, I saw something similar with ntpm (had been monitoring this counter more than a month), previously there had been 400k selling queue at 0.84 until it was removed yesterday.
2014-03-17 18:57 | Report Abuse
time to pick up the fallen coconut?
2014-03-16 20:37 | Report Abuse
fortunebullz, any rational behind of 'until April 2015'? Thx if willing to share =)
2014-03-14 17:19 | Report Abuse
uob kh rite? i saw it this morning.
Stock: [TSH]: TSH RESOURCES BHD
2014-04-17 15:55 | Report Abuse
3.09?