Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
toyang .. if u look at fgv weekly chart, price is still sideways ... building a base or some TA folks call it stage 1 .. note also price is whipping back and forth around 50MA which is a sign of sideway market .. there is a support structure (in yellow) and it's not a bad idea to look for long opportunity when price hits this level ! but do NOT set skyhigh target price cuz we are still playing this range market .. the so-called mark-up stage (UPTREND) aka stage 2 will only happen when price successfully breaks above the range which later turns into support !
hmmm end of the day no matter how bullish / bearish we are on HSI, it is still advisable to play day-trade !! in which case, there is no other way but to learn how to trade the 1H/15m/5m charts ... the saying 'TREND is your FRIEND' is so true but in the case of HSI, we shud just play the SHORT-TERM TREND :) forget about daily and weekly outlook yes ??
beware of miss HY not repeating the past price action !! building a pretty tight box waiting for the 20MA to catch-up and then break down from the box ... for those who wud like to buy and hold, it's not a bad idea to see a change of market structure on 1H chart first ?? why hurry trying to buy low and then buy lower to average down ?? might as well buy higher but with a peace of mind ??
ya gem .. he is such a GEM :) loves him to bits ... so cute and super intelligent !! some condo do allow small pets ??? i still have my sugar glider too .. ah this one small enuf for your condo :)
as far as short-term TREND is concerned; ie on the 1H chart, it's ranging !! building a base to either go UP or DOWN yes ?? if breaks above, the first resistance 1H facing is 50MA
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Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/