wrong chart earlier ... hehehe

https://invst.ly/6uz0j

cybergreen ... let's have a look at daily then cuz intra-day charts are full of noises yes ? :)
1) the daily downtrendline is important ... if u want a legit short, not a bad idea to wait for price to reach this line and then watch out price action ... a price rejection candle aka bearish pin will give u a clue ?

2) there is a small ascending triangle (hope u can see !) ... so, we want to see if price breaks up or down from the triangle .. UP price will test the downtrendline as in point 1 and then we see what happens .. DOWN means the previous swing low shall be tested

candles getting smaller (reduced volatility) on daily due to this triangle pattern !

https://invst.ly/6uy-t

cybergreen ... kindly specify which timeframe of uptrend u are referring to !! daily can be up but 5min can be down

hawk ... my ew is kelam-kabut now !! but i look at daily, there is still a possibility that wave B rally is still in progress no ? of course, this can only be confirmed by the daily DTL

hmmm hawk ... u are bearish on HSI eh ??? i will only be TOTALLY bearish if price cannot break above that DTL on daily

oops sorry hawk ... i meant HY re the BEAR TRAP !

hawk .. price goes back below the 1H DTL ... maybe big boys want to give us a double-bottom now ... if they are wicked, press price lower (but not too low) than last swing low to create another panic selling and then push price up again aka THE BEAR TRAP :)

wow rchi ... made 60k in not even 2 days holding :) belanja belanja !

5min of hsi looks like an ascending triangle in the making ... so, let's see if price can break this pattern or not to soar higher ! if we see price consolidates tightly (sideways) around the resistance level (ie upper line of the ascending triangle), then quite likely the build-up will be able to break thru' the pattern


https://invst.ly/6uyhi

mainbesar .. ever since price broke above the downtrendline on 1H chart, am bullish bias if price can stay above that line ... which it has been able to so far ... now we gotta watch if price can break the last swing high to form a higher high on 1H ... if this is successful, then we are seeing positive short-term market structure (HH and HL) progressing !! nevertheless, do note that the 200MA on 1H may do some kacau'ing and this level is also located where a congested area (yellow box) is on 1H ... and if u look at daily chart, this area also coincides with the daily downtrendline which most likely cause reaction there !

https://invst.ly/6uy6f

hawk .. noted on the DTL breakout !! out first cuz price is now at gap resistance on 5min and the macd histogram has shortened ..

mainbesar .. so sorry for the late reply !! will take a look at hsi soonest

rchi .. thanks so much for hy !! wud not have done it without u cuz still have no clue which warrant is good to go or not :)

daily :-
1) as mentioned before, 200MA is a level that big boys like yes ?
2) a level that can attract all sorts of traders (no matter what entry strategies u use) and even longer term investors plus shorties covering shorts cuz they know there shall be a lot of players looking to long here ?
3) so, let's see if all these participants are able to reverse the daily trend :)

5min :-
1) finally broke a tight horizontal consolidation box
2) also broke a downtrend line
3) bullish divergence on macd
** these are the confluence factors to have a higher probability trade
4) next we shud be looking for the 20/50MA crossover to confirm a new uptrend on 5min chart
5) the blue box shud act as support level for the new uptrend to take off

60min :-
1) with all the positive bias on 5min, let's explore the resistance level on this timeframe for short-term target
2) watch out the downtrendline (DTL) on the 60min chart .. it is always possible that price may dip when this line is hit .. in which case, u may see a double bottom (also a nice reversal pattern) formed
3) if price is able to get past the DTL, then next to take note is the 20MA dynamic resistance (yellow box)

** remember buddies, anything can take place if your trading timeframe is 5min with reference to the 60min progress !! that's why u gotta be at your screen at all times ... if not, as i always say focus on whatever timeframe u are trading eg daily or weekly


https://invst.ly/6uotm

Oh ya hawk .. the positive divergence eh !

tonite we go for 1st round supper first also okay :)

then we have a staggering long-tailed bullish pin aka your thor hammer :)

push it back to above daily 200MA :)

rchi dear .. unleash more power !! at 1st level of resistance now on 5min :) ps ps ps ps ps

https://invst.ly/6uidt


earlier wrong chart

look at how HY works on 5min ...

1) drop and pull away from 20MA
2) consolidate in a horizontal box and catch up with 20MA
3) when near 20MA, drop again to pull away

but as u can see from the momentum indicator, selling is getting 'tamer' .. again, this is not good enuf a signal to go long !! u must have your own entry strategy depending on u are aggressive or conservative

https://invst.ly/6uf1v

1012 counters down allwin ... ALLLOSE already :)

no smallfish we were talking about the 'change' of CH ??

thomas .. why the change is minus 0.055 now ??? how they compute this ??? i don't understand at all .. huhuhuhu

note price is hugging the 20MA of 5min tightly to slide ... this is a very strong downswing !!

wait lor another box ...

zzzz this HY !

still cannot break above the another box ??

rchi .. somethin' i don't understand !

ref - 0.255
open - 0.28
high - 0.34
low - 0.225
last - 0.26
change - (0.03)

why the change is negative 0.03 ?? they take low minus reference price ??? is your platform showing the same ?

ok rchi .. will get ready !! now ch not cm already yes ??

huat arrr allwin. .. our rchi dearest is one in a mil :) the greatest sniper

buddies .. be cautious of HY !! there is a box consolidation on 5min ... u gotta see break above or below ... and it's very important to wait for a candle (preferably full body) to be above the upper resistance line for a more legit breakout

https://invst.ly/6uf1v

someone is rchi .. hehehehe

duit ... how come u were like giving us a farewell speech ?? travelling overseas again ah ???

ya ya i was looking at cm ... how come it's green ?? all these warrants drive me nuts :(

duit .. go watch game night !! it's hilarious :)

wahhh twobits ... RM8 ah ?? then drop below 200MA already oh ???

ya man eagle ... wasted episode 2 :(

5x5 is duit's patented method to trade :)

duit ... why don't u use the 5x5 queue to analyze ? :) let her slide further it's okay then we see got chance or not

hbglob has morphed into hbflop :)

thomas ... twobits' waves are definitely not the basics !! his are the advanced version with precise count on every subwaves :)

yes hawk ... u are indeed master of ONE that gives u an edge :)

hehehe i read wrongly ... master of ONE not none !!!

hawk .. what does it mean ??? don't need to master in anything ???

yes duit .. nothing is fool proofed (chart patterns / waves / low PE etc) .. if can, then there will be a lot of rich people around :)

eh alex .. tot u are banned from public forum ?? :)

noted rchi ... most importantly look at the chart and see how they want to play it out !! abstain from all other 'noises' like peraturan (hehehe joking ya duit ?) ... low PE ... crack margin etc etc

meantime twin towers become twin submarine :) LOL

rchi ... all these hot stock (HY that is) when nearing / touching 200MA, quite likely got reaction !! still wait patiently