Sold 1.00. See money take money first dont be greedy. If this hammer candle can hold by 4.35 pm can buy back. If it goes out of shape, then it run for yr life.
Bought 500 lots 0.935 when rr saw operator started to play after lunch. Operator must hv read rr flowery comments on court case at lunch time. rr deleted those comments because cannot comment on ongoing court case. Expose to either contempt of court or summon if facts are wrong.
Sold at 1.00 for rm3k profit.
Someone ask ekor panjang bawah. Ekor panjang bawah managed to maintain until closing time is good. Its a trend reversal signal. Today uturn. It wont go up straight away. It will maintain a ding dong ding dong sideways composure first for a day or 2 b4 moving up.
As can be seen sellers ribu2 from 1.00 - 1.04 waiting to ambush Operator. These need to be neutralised first, b4 it can run.
For this reason rr bought 200 lots at 0.995 a few minutes b4 closing.
Will add on intraday weakness tommorow n monday. Intraday weakness must recover quickly towards 0.99/1.01. If not recover, cut loss at 0.95.
Play2 only for 200 lots, 500 lots, 1,000 lots. These are peanut to rr. Bcause rr could buy 20,000 lots (buying power).
Remember i said that there is a chart gap 1.06 to 1.16 between 19 to 20 apr?
And i said market wud go up to fill this gap. I was in sell q 1.13, 1.14 & 1.15.
My 1.13 & 1.14 matched but not 1.15 bcause it went up to only to 1.14.
That means there is still a chart gap to be filled 1.14 to 1.16. and 1.16 must be traded, albeit only 1 lot. To close this gap.
If you ask me why it could not go down below 0.895 today n later in a day or 2 break below 0.815 low for a LD move, my answer is IT STILL NEEDS TO DO ITS UNFINISHED BUSINESS TO CLOSE THE CHART GAP AT 1.16.
Whatever it is, whatever happens, always set a cut loss point b4 you enter, to dump it if the market moves against you, or you are wrong footed in the heat of the moment.
The end game here is back to square 1 at 0.25. So never ever hold this one.
3,000 lots bought 0.87 morning after raya holiday. Sold 1,000 lots at 1.13, 1,000 lots at 1.14 and the last 1,000 lots at 1.09, averaging 1.12. Profit 3,000 lots x 0.25 a piece = rm75,000 less brokerage.
Today after lunch bought 500 lots 0.935, sold half hr later at 1.00. Profit 500 x 6.5 cents a piece = rm3,250 less brokerage.
Now I hv only 200 lots at 0.995 inside.
Tut tut rugi kena main sama operator. Drop to 1.20 - 1.25. Operator stabilised a while to unload shares on hand, dia pergi beli 1.25. And then drop tak cut loss 1.18/1.19. Then kena LD 1.16.
Then kena lagi LD 0.815 b4 raya. Sure cry2 raya morning.
Then today baru cut loss 0.97. Then drop to 0.90 lega. Then Operator push balik to 1.00 above tut tut cut loss point. He he...kesian..tut tut...
Tut tut n others. This speculative counter. Fundamentals is only at 0.25. You can play, but must set a cut loss point not too far from yr cost. Once hit, dump it without hesitation. Dont hegeh2 like this tut tut...
1. Qtrly profits. Increasing or decreasing. Business is growing or dying. Share price will go up or down, accordingly.
2. Chart signals. Candlestick. Some signals are very reliable, even 99% accurate in predicting the future direction of share price.
3. Chart patterns. A few chart patterns are very reliable, at 99% accuracy at predicting what will happen next to share prices.
4. Operator manipulation. If you know them, you can know their game plan. If you dont, you can predict the direction based best guestimates whether they are accumulating, pushing or distributing shares.
This is what tut tut fails to comprehend the importance of technical signals and chart patterns in predicting future direction of share prices. The Japanese had been using candlestick signals to trade rice since 1600s.
Tomorrow must break 1.01 and 1.04..1.07, 1.14... If yes, it will grow by 1.75 or higher the better.. But bear in mind, tomorrow is Friday, and Monday is May Day, perhaps the price will drop to 0.910... Trade with extra cautious...
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....
icecool
5,042 posts
Posted by icecool > 2023-04-27 14:59 | Report Abuse
eat lobster ?