if u look at the daily chart..u wont miss seeing it closing abv 0.90 v near term.From my calculation,0.885 wud be the next bottom,a higher bottom for next upleg.
It is not an important matter or concern whether a stock will shoot up today or tomorrow, but any further uptrend will be determine by its FA's value & TA's chart signal.
History shows a stock that has already risen by more than 100% but still continue its uptrend momentum by achieving 300%, as a result of its strong fundamental that will continue to attract value investors.. So it is advisable to invest in strong fundamental stocks & avoid speculative stocks for mid & long-term strategy. Good luck.
there are still chances of this counter going higher... when? not sure.. this depends on the daily market and the volume on this counter. currently, the rsi is also not at its maximum.
0.885 remains to be the support for today.All we need to c from now is a break of 0.91 or a close at or abv 0.905.Chart outlook is still positive for this stock,maybe gradually higher.
trustme932, i m not observant & meticulous. But i noted that there will be a big buy everyday at certain hour then stop to let it free fall. It seems to me that big shot is accumulating & on the other hand, there are ppl selling at big vol too. i m not sure whether i m right. MAy i have yr view?
t932/CT..sorry to interject here but i had observed that earlier at .85 level. hence my earlier post querying whether was it distribution or accumulation activities taking place.
CT..i cleared my position on YTLP wb yesterday with some profit,not a big one.Juz cudnt resist when i saw the chance of making some money..I believe the major 3rd upthrust is close to the end of the road.
I observed same kind of activities in late Sep and early Oct. Suspect crossing big block of shares in the market. Then it propped up about 20 sen. 18/10/2013 09:43
Ok,talking abt lower highs or higher bottoms,there is short of one upleg or new high n it has to be seen if u believe in the chart religiously.Its a matter of timing.
Bro trustme932 & CityTrader I've decided to take profit n disposed TAS @0.90 as a result of unusual mkt trading activities for today. I'll b taking position again when the time is ripe. Anyway good luck to all TAS investors. TQ
hiddengem, precaution is better than cure.. yr money yr choice. Good to take profit.
trustme932, i view this as the 2nd wave from SL0.44 - SH0.93 upsiding by 111% so at this moment, price has not been retraced & if based on -24%, price shld retrace to 0.81. Price has been lingering around 0.87-0.915 & Good sign to note that vol has subsided below 30MA except 161013. No doubt it is stil trading in +ve uptrend channel but i cant see any pattern is formed.
CT..sori juz read your comments..was at the seaside,juz returned.Its clearly the 3rd major wave up but incomplete,cfm from short term n daily charts..Lets be cool n c what happens next..I got it at a much lower level when it was in 3rd of 3rd major n current consolidation with uptrend channel cud juz be the 4th of 3rd mjr..somehow,find something is missing here.Lets c the the final upleg wud go from here...let me warn u,when u play with the final upleg,it wud be a tricky one.One advice,jangan kejar rallies,ok?
Noted Sir trustme932.. U have the in-depth knowldge of TA & yr kind advice to me is always accepted happily.. TQVM..
BTW, someone keep pushing price up to 0.89-0.90 lvl but someone again controls price from upsiding.. So long it is not a waterfall price movement, i m ok.. Anyhow, i have been taking profit few times, up down up down,,, i have no worries at all..
sell on dips after strength.. at this moment, i m not capable to predict how price will move as there is no clear pattern shown & seems we r sitting on the fence. I see price now is moving sideway & this has been controlled & good to note that he wont let the price to dip further below 0.865 but sad that it wont let it upside 0.93 then it ll become a trading range..
Let our taiko trustme932 to intepret his chart as he is the prof chartist..
CT...juz came back from swimming....m still waiting for it to go up into 0.91-0.96 area.From my chart analysis,even if there is a failure to test up from current level,it will not dip below 0.79 over the med term...I expect momentum to build up within the 4th consolidation wave b4 testing new high.So,whichever way u look at it,there is a new high in place over the short-med term.
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....
trustme932
4,864 posts
Posted by trustme932 > 2013-10-17 09:24 | Report Abuse
Hot.T waiting for that...some profittaking seen b4 up..