Once any stock breaks down from EMA lines, and continue to stay below the 3 EMA lines, and resisted by the Bollinger middle band, then the stock has turned bearish, and the downtrend will continue without a bottom support unless it starts to break out above the 3 EMA lines
Choon , very easy to learn. If you have a chart, tick on the EMA (Exponential Moving Average lines. The 3 lines will accompany the price. Once it dropbelow the price, then the danger is looming. For good trending stock, price must always be supported by the 3 EMA lines.
pisangkuat, LB still ok, bullish trending. I think it can move up high when they release their expansion report. I'll check Sumatec and advise later, just back after fixing car.
thanks qwerty...i have been holding kseng since 4.50 and 5.50... still have handsome profit so far... kinda regret for not selling it when it was above 7....haha..sigh...
Yes you are right in ur comments, Shiaobao10. If u hv been following me from the start of my training, you will notice I posted many times: Who am I? as an investor. This answer will reflect ur action to take.
One must take a professional approach when dealing in stocks. Normal weakness of investors is having too much sentimental value in your holding. A professional investor at our level must not use emotion to dictate our direction of trade
All fund managers managing big funds for institutional cannot execute a buy or sell as easily as we can. Their hands are bound, need to go many channels b4 they can trade. But we,we manage our own funds, thats d best provided we noe when to execute.
couldnt agree more with you, Shiaobao10. qwerty, thxs again for your unselfish sharing tonight i will go back & learn to look at the EMA. will ask more... TQ
Hi pisangkuat . Sumatec is very strong now (both in chart and price trending) Pls visit Sumatec website to read more. The below I just share a small portion from there. Last few days/weeks ago I remember reading about Sumatec article but didn't pay much attention to it.
Taking Sumatec Higher
FORMER Renong Bhd executive chairman Tan Sri Halim Saad is scaling up Sumatec Resources Bhd, which is set to make more than RM1 billion in net profit by 2018. Details
Bollinger consist of 3 bands, namely top middle and lower band. As long as the price is trending on or above the middle band, it is considered positive trending. But it may not be bullish trending. Bollinger band tells us that when the price is above the middle band (usually yellow color) then the price is standing in positive position.
This is how Bollinger band works: The upper and lower band will either contract or expand. When the Bollinger contract the chart indicators will show the degrees of contraction eg. -23%, -5%, -56% and etc.
When Bollinger is in expansion mode, the degrees shown will be positive, like 4%, 45%, 38% etc... the degrees shown is the expansion degrees calcilated between the top and bottom band.
When the Bollinger band is in contraction mode, d price is preferably be position above the middle band. This is important as d price will shoot up when the Bollinger expand.
When the Bollinger band is in contraction mode, d price is preferably be position above the middle band b4r expansion. This is important as d price will shoot up when the Bollinger expand.
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kena sangkut already. ? ...need chartist .......cld go back to 70 cts again base on trend ......time not yet right to push...