it was a inverter hammer follow by shooting star. stochastic line curve down. 5G. bearish sign is confirmed.
On the other hand, volume continue to be strong. MACD histogram continue to be stronger.
My personal interpertation: Retracement will happen next Monday. It may happen for max 2 days. The support is the gap up for yesterday and Thursday. Bottom line, 2.12 is (which is the fibonacci retracement point)able to hold. But technically, with such strong signs, it shouldn't break below 2.18. Flag rule, it cannot break below 2.05 to ensure uptrend remain, or retracement happen more than 3 days.
So good luck. The message is clear. In or out it's up to you. Again, different people has different interpretation even go through same TA course. And this is my personal findings. Follow on your own risk.
ya, throw all, do not hold huayang. please throw before too late. election is at the corner, cash in first. do not wait, throw now. (i wish to collect lower at 1.00 :))
As I said before the further rise may not be significant, but Q4 result may be out soon and if it maintains at 10 cents the earning for the whole year should be 38 cents, with this earning the price of 2.20 -2.30 is not demanding, hope it can be supported at this price.
Tgok ler nti OneSouth dah masuk orang perghhhh.... Diversification into property mall should attract revenue and hopefully FCF that value investor being worry so much...
kcfan, I have a doubt. I have limited capital to invest. I am having doubt to select property counter to invest. I still holding little of Huayang. But assuming I do not have Huayang, should I invest in Huayang, Wingtm, or Guoco? Do you think you can advice with reason behind?
As of today, as long as huayang not below 2.05, still not consider bearish. huayang is now at sideway, trying to find the right direction. During the sideway, it seems not a good time to invest unless you are long term investor. Am moving my focus to G but again as I share yesterday, G is not good time to in for this week. Now drop 4 cents. I took info from Chia88 where big boys target is 2.00 for 2 years time. so start to slowly accumulate this counter.
i love huayang, so purposely put as huayang lo as of today, huayang is my top invested counter when i change to guoco means my investment to guoco has over the huayang
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....
Desmond Liew
889 posts
Posted by Desmond Liew > 2013-04-12 09:37 | Report Abuse
bearish reversal?