1st day of break out after many day of side way, u want to sell? 2-3 day more to play mah.... also depend on your time frame, day trader will sell same day also.
70% of the accumulator is probably a single mind... when it will go up..when it will dip down...its unpredictable. TA is more applicable for emotional analysis of a crowd interest.
RSI is down from peak and positively pointing up. Uptrend intact, good support at 1.39. SEAL did not rise rapidly. Volume moderate. Daily volume preceding the last sell-down on 1st and 2nd July were more than 10 million! Selling and consolidating last 4 days from yesterday. Therefore no reason for it to correct abruptly, unless syndicated manipulation! So babies, unlikely drastic sell down tomorrow despite contra sale on Friday. Stay tuned for next week!
Argentina, far from being bankrupt, can default technically but now they can turn to BRICS bank. Western vultures want them to turn to IMF so that they can plunder the country under IMF terms! However, Chinese investment can more than make up for investments from the West. But even western investors are now following China's lead. Because where China goes, there is economic growth. E.g. Africa and South America. The whole world economic system is now being stabilised by the BRICS, under-girded by China.
tan1868. EU, Japan and US effectively bankrupt. Except for Germany, they are printing money to pump up their economy. Only China is holding up their economies with cheap goods and imports. The emerging world s now freed from their financial debaucheries with the establishment of the BRICS' New Development Bank or NDA (Substitute for the World Bank) and Contingency Reserve Arrangement or CRA (substitute for the IMF).
So have some reserves for cheap sale should DOW collapse! Dow will collapse if the USA's Neo-Cons (New Conservatives) fanatics start a war with Russia over Ukraine. So be prepared.
It's China and the Asian economies which are generating wealth now. Except for Germany, the Western countries, especially the US are just consumers of wealth. The US especially can do it because they can print dollars which are still accepted for purchasing Arab oil and for about 80% of payment for international trade. This is going to change with the BRICS new financial architecture which will not use the US dollar! So hold on to your Chinese currency.
hanging man or not , its PE is only 2.48 , the lowest u can ever find in Bursa , if it were to trade PE 10 , its price is more than 3.10???? The best policy is accumulate more when it came down due to forced selling by contrarians ! It can never be a mistake of holding this stock for longer term! Happy trading!
no right no wrong, everyone has own opinion (the most abundance commodity). Nobody knows what will happen 2morrow. Ur money u decide....time will tell.
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....
tan1868
787 posts
Posted by tan1868 > 2014-07-31 14:46 | Report Abuse
longer the consolidation, stronger the breakout!