Uncle KYY, sendai is making sub wave 4 now. It will retrace back to fibo 50pct or 32.8pcf at 51 and 56sen. It is ok for minor correction before continue making its way above rm1 for sub wave 5
Is still right.read as below.please take note,kyy come in during 30 cents range.i talk during early march 24,when still below 20 cent.the correction will take few month,then see from there. 18/5/24 9.17am Sendai 61.5 Can it drop below 55 cents,then rebuy again.maybe few more days. 11/5/24 8.20pm
ha ha ha wen price was 70sen con YY was asking the retail traders not to sell n yesterday the price drop fr 72 - 66.5 sen n nex week the price continue to jatuh till 50 sen. ha ha ha
For the price to go up more, it needs to have minor correction, please read elliot wave theory. Now it is making sub wave 4 correction. Let it rest to 56sen or 51sen. Then please re enter or add to get ready for sub wave 5 rocket above 90sen
thks white for ur inputs. Ive sold at 70 sen and I can buy back nex week at 51 sen. Looks like there are retail traders who can analyse better than con YY.
guys b careful!!! dunn forget wat happened last friday. Last Friday morning d buaya did a nice show pump d share to 72sen and then towards closing dump the share on all the ikan bilis retail traders n d price drop to a low 65sen. Tis is called ENTRAPMENT!!!
i think ppl who took profit will looking for it to drop and ppl who holding dont want it to drop, its two side, so for me i keep watching this at low, like a vulture, once it drop below 0.6, will trigger my alarm d, but if its continue to rise above 0.7, then most likely iwont be buying it d, whihc is sad
so far no sign to drop and no sign to increase, but i still kept my fund monitoring this sendai like a vulture, will buy in more this time when it drop below 0.5
In technical analysis, a pattern resembling a double top but occurring over a shorter time frame can often be a false double top or a "failed" double top.
### Characteristics of a True Double Top: 1. **Time Frame:** Typically forms over several weeks or months. 2. **Shape:** Consists of two peaks at approximately the same level, separated by a trough. 3. **Volume:** Volume is often higher on the first peak and lower on the second. 4. **Breakdown:** Confirmation occurs when the price breaks below the trough level between the two tops with increased volume.
### Characteristics of a False Double Top (Short Time Frame): 1. **Time Frame:** Forms over a few days or a very short period, lacking the prolonged consolidation typical of a true double top. 2. **Shape:** Appears visually similar to a double top but without the sufficient time span to establish a significant resistance level. 3. **Volume:** May not show the typical volume pattern of a true double top (i.e., declining volume on the second peak). 4. **Breakdown:** The price may not break below the trough level with conviction or may quickly reverse after a brief dip.
### Identifying a False Double Top: 1. **Examine the Time Frame:** Check the length of time over which the pattern has formed. A true double top generally takes weeks or months, not days. 2. **Volume Analysis:** Observe the volume on both peaks. If there is no significant volume decline on the second peak, it might be a false signal. 3. **Market Context:** Consider the broader market context. A false double top may occur in a highly volatile market or during a corrective phase within a larger trend. 4. **Price Action Post-Breakdown:** If the price fails to sustain a breakdown below the trough level or quickly reverses, it may indicate a false pattern.
### Implications and Strategies: - **False Double Top Detection:** Use shorter time frames to detect the false double top. If the pattern appears over a few days, be cautious about interpreting it as a genuine reversal. - **Avoid Premature Decisions:** Wait for additional confirmation, such as sustained price movement below the trough with increased volume. - **Alternative Patterns:** Consider the possibility of other patterns, like a temporary consolidation or a small head and shoulders pattern, which might better explain the price action. - **Use Additional Indicators:** Complement the pattern analysis with other technical indicators like Moving Averages, RSI, or MACD to assess the strength of the trend and potential reversals.
By recognizing the differences between a true double top and a short-term false double top, traders can avoid premature conclusions and better position themselves for accurate trading decisions.
A "tenbagger" is a stock that increases in value tenfold. Lynch encourages investors to look for small, fast-growing companies with the potential to become much larger over time. These stocks can provide significant returns if identified early.
**Ignore the Market Noise**: Avoid being swayed by market trends, economic forecasts, and daily stock price movements. Focus on the fundamentals of the companies you invest in, rather than trying to predict market directions in fortnight.
Posted by GoHaiDuongGo > 9 hours ago | Report Abuse
EngPro- Let’s see what happen next, say a fortnight from today 😀
speaking of multibaggers or knapshot counters, d FF n local instiuitions will be the first to know bcoz of their vast and superior market intelligence; by which time the sp of sendai will no longer be wat it is now less than Rm1.00. Just look at all the AI/DC n SEZ related stocks as an example. Anyway Ive sold of all my sendai n waiting for it to drop back to 51sen. Good luck if r still holding!!!
The last traded price was 71.5 sen which is another record high. The price chart is up-trend which means there are more buyers than sellers every day. It will continue to go higher and higher. Those who sold earlier must regret. They should buy back. Koon Yew Yin
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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....
SyedZZ
48 posts
Posted by SyedZZ > 2024-05-17 16:37 | Report Abuse
Nothing to worry just a minor profit taking as usual on Friday