eeehhh...if seen this "TESSA" nic b4!?where ah?!hahahaha...kidding.. i think its gonna overshoot .93 tomoro. base would be yesterday's tranx support at .885 - .90 and movement driver after digest the info that came out yesterday n today.
overall mkt tomoro depend on DJIA close later. Follow heart of coz want TAS to explode above 1.00..but most prob will touch 1.00 but close mayb .97 (abt 8%) coz 1.00 tu is like psyco level....then again if ride on upward momentum may slice thru 1.00 pretty fast..
It may consolidate for a while before it can break rm1 and of course price must break current res 0.93+0.97. 1.00 is the highest high so far if not mistake as i m not with my chart now.
CityTrader...agree.M seeing an uptrend channel developing in progress.)0.93 wud be challenged today,if breaks thru cant run away from 0.96-0.97.Will update later on the outlook of the v short term chart analysis.
on the v short term chart outlook,current consolidation pattern is v similar to what we saw last week between 0.815-0.89...aiming for test of new high.U dont have to wait for a close abv 0.93 b4 accumulating.A break of trendline 0.915 wud take it to 0.96 avg,
the maxi downside is 0.87..stay cool.Some profittaking for those who bot at 0.82-0.85 area..however,the retracement target is juz at 0.87-0.875 area which shud hold for next upleg.
CityTrader...sori to hear that u still have digistar...me too but my cost is 0.285,remaining 40 pct.When i anticipate a breakout to happen in any stock,i sometimes take a position first if my stoploss pt is not too far away from my cost.M also interested to buy hibiscus,after seeing yr comment,n my stoploss is at 1.86..so any pullback i wud jump in n if there is a breakout of important res.lvl,i wud accumulate.
trustme932, trading a share based on TA may not be always 100% correct but at least we dont trade blindly & so far 85% can hit our TP.
I was not in town to fast respond during Digista's downside with heavy vol. So as u said, Digista's support is at 0.26 & i also view it strong so i m stil holding.
In regards to Hibiscus, appreciate if u can share with me yr analysis as i may be wrong again. I missed the chance to enter during its recent retracement at -50%.
Citytrader...m taking a chance to buy on slight pullback,thats my plan..it seems another upleg is coming soon n i will be wrong if it breaks below 1.87.On the other hand,there is a base formation developed between 1.88 n 1.96....if 1.96 bid,this upleg,an impulsive one,is expected to retest the recent high.
CityTrader...I understand your point n strategy,thats good.M a gambler,like to take risks with tight stoploss n i seldom play t3 or t4 if my stoploss or profit targets r not reached.
CityTrader...after i sold at 0.82..long time ago,i never looked back on this stock...the person i know controls this stock,still is.He is not trustworthy n i nearly got played out by him.Luckily,my sincere chart helped me to make a bit of money.
I notice the uptrend of this share follow closely the upper bollinger band line. 3rd Oct and 8 Oct the share increases and touches the upper bollinger band line and stop there. These two days consolidation is to allow the upper bollinger band line go up further before another wave. Based on the chart, if tomorrow is to be another wave, then most likely it will touch the upper bollinger band line of RM 0.950-0.955 and stop there. trustme932 and CityTrader, what do u think?
It is glad to note the vol has diminished & price not formed lower Low; maintain 885c, 885c so indicating alot of recent buyers not turned to sellers yet.
Swee88, i m sorry i dont read bollinger band. I read based on chart, vol & RSI, with little MACD & stochastic.
Dow closed 323.09 points..... hmmm, my view is many will move their money to big cap stocks, kinda of wondering whether this share will move as I notice previously, whenever Dow moves green, those blue chips move a lot but not so much on the small cap stocks. lets see the candlesticks later to confirm.
Tenaga share has good prospect within this few days time, bollinger band converge so narrow, RSI also low, Wm %R around -52%. Yesterday, the price is suppressed after increase by almost 8 sen could be due to debt ceiling, now debt ceiling almost resolved, CityTrader and trustme932, interested in Tenaga share?
My cost is 0.795...ppl shud go back into the train heading for north.Good support shud be seen at 0.87 n i dont c y it wont test the 0.95-0.97 area soon.The 1st hurdle at 0.915 will be overcome n a close abv 0.93 wud be better chance to c 1.02 tested after 0.95-0.97 area.
If the share is following bollinger band upper line trend again just like Oct 3 and Oct 8, then most likely the share will peak at 0.985 before go down back and close at 0.955 today. ya, agree with trustme932, 0.915 is the resistance that need to be break today.
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....
TESSA
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Posted by TESSA > 2013-10-09 16:26 | Report Abuse
hope tomorrow high more than 0.93