This is the Cup And Handle chart formation strategy :
0.415 is the pivot line, normally the stock price cannot cross this pivot line on first attempt. If I sell it at 0.415, I will buy back in next few days at a lower price (buy back at the Handle). I will not sell it again at 0.415 because most of the times the price will cross this pivot line on second attempt to form a Cup And Handle. The price will skyrocket up once a Cup And Handle chart is formed. Thank you.
My humble opinion on KC Chong's portfolio - Time Horizon:
I think that time horizon on Fibon for KC Chong is years. But many of you were talking about half session, day or week. That deviates from the message behind KC Chong’s analysis. KC Chong is waiting for the duckling to grow to a beautiful White Swan, while you are talking about if the duckling gets fat tomorrow so that you can slaughter and eat it as Peking Duck. For those who do not have patient, I think KC Chong’s portfolio will likely disappoint you. What do you think ?
Wise men think alike. Of course fools seldom differ. bsngpg, are you and me wise men or fools? Anyway, if we are fools, good to have a great cyber fool friend like you.
KC Chong : As at today, time and result have proven that I am a BIG fool in investment, only my advices to friends are wise. Whereas you have demonstrated a very professional and discipline foundation. You are a wise man. 英雄所见略同, 只可惜我不是英雄而是狗熊. 狗熊正努力学习梦变英雄. 有梦想股市才伟大. 哈哈. 友谊万岁!耶!
I will buy after FOMC meeting on 18/9/2013. No hurry to buy now. It is better to be safe than sorry. You can also buy on weakness in order to buy cheap, this strategy works for longer term investor but not trader. Thank you.
I tend to agree that at about 34 sen it's quite a safe entry level. Should there be any adverse impact from the FOMC meeting, the drop should be minimal considering the fundamentals of the company (see write-up by kcchongnz).
hiddengem - please do not classify me as sifu as I am no tint he league as the others. In fact I am more of a trader all these years and I am learning a lot from this forum especially from kccongnz, otb, matrixcool etc. A big thank you to these wonderful people !
just wanna share with you guys, ta from very helpful matrixcool
sephiroth--My reading for the following charts:
Fibon—Bro htyeap125 you are not wrong in your analysis also incur with my reading on those resistance and support levels. There were some activities lately that push the counter from $0.31 to new high of $0.415. The consolidation (gave back 100% from $0.415 back down to $0.31) look over & $0.31 is an important support level. It breakout from downtrend with volumes on 10th Sept and reached high of $0.37. A falling window &” Doji” formed on 13th Sept indicates maybe there will be a Trend Reversal that need next candle to confirm. If next candle can close the gap at $0.36 and beyond, it is expected to scale higher to its previous high. Exit if $0.31 is violated.
i found that the most profitable trader in this i3 forum is sephiroth. I have been trying to learn how does he get the first hand info to buy at low price? May i have your skills on this matter? TQ
CityTrader, i didn't get first hand info, since kcchongnz did a write up on fibon, the share price rose from 0.30 to 0.415, i thought i have no chance to buy cheap, i set tp 0.32 to buy and waited for 3 weeks, finally grab at 0.32( lowest at that time is 0.31) Then, suddenly Kenanga give tp 0.40 on 10/9/13. If you buy a 20.4 sen net cash company (0.32 Cash 0.204), you will not go wrong no matter
But seriously when I look at the business and financials of a company, like Fibon, the financials look really good. However, I never expect the share price go up like that. Fundamental analysis won't make you make big money in a short time. It is a long time investment process.
JTFX, Sephiroth etc, you make money Fibon due to your own skill in trading.
OTB, the next time I go back to Malaysia, I sure look for you for this dinner you are talking about. Husband and wife together? Make sure you honour what you wrote.
xingxian, Congrats to you. I want a treat from you too.
But you are a good person. When Fibon was down, you kept quiet and never blame anybody. When it is up, you show up and presumably showing gratitude. Good on you.
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Posted by bsngpg > 2013-09-11 23:14 | Report Abuse
Regardless Duckling, White Swan or Peking Duck, as long as can full my stomach is a good duck. Ha! ha! Joke only lah.