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Trade Summary shows heavy buy-up.
| WEIGHTED AVG PRICE : 0.8744 |
LAST DONE PRICE : 0.885 |
| SPREAD/PRICE RATIO : 0.0000 |
AVG TRADE SIZE : 62.557 |
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Hi pilotfish,
Just to share with u my chart posting below.
pilotfish ( Date: 31-Jul-2009 10:37) Posted:
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Thanks richtan
Ya, Got to profit profit as well. Sign of weakness has shown though price may increase.
Just my view
richtan ( Date: 31-Jul-2009 10:15) Posted:
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Hi pilotfish,
Congrats to your profit-taking.
Nothing wrong to take profit as long as u are satisfied.
But for me, I always remember by heart n abide by my 3 golden mantras, one of which is:
"Let profits ride with trailing stops n cut-losses short" - reason being, we need to maximise our profits to
cover all those lossing trades n yet make net profits. |
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Below is my daily chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by rating it as "bad post", accumulating for yourself and your
next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing.
This is only my view n I may be right or wrong, so dyodd.
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Europe closed very strong yesterday.
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Nikkei is very strong now.
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Midas had broke above the resistance at 87, in fact in the process of forming a giant cup with the brim of the cup at 1.20
richtan ( Date: 31-Jul-2009 11:07) Posted:
Copied from Straits Asia thread:
U r right tat both SAR n Midas form cup n handle.
I m still holding onto both n now waiting for Midas turn to blast out of the handle, thus why I shifted all my funds in Hongxin into Midas in anticipation of it.
Cheers
solar2008 ( Date: 31-Jul-2009 09:04) Posted:
This guy falls into the classic cup and handle model. The cup form from Sep2008 to 12 June09. The cup start to form from12 June to 9 July before it blast it way up. Me bought during the formation of handle which is typical the pull back price ( below 1.6) before it starts to shoot up. I sold at $2 to pocket profit as it has hit my target.
Midas will be have the same model as SAR. Me move my funds to from SAR to Midas nowied from Straits Asia thread:
U r right tat both SAR n Midas form cup n handle.
I m still holding onto both n now waiting for Midas turn to blast out of the handle, thus why I shifted all my funds in Hongxin into Midas in anticipation of it.
Cheers
solar2008 ( Date: 31-Jul-2009 09:04) Posted:
This guy falls into the classic cup and handle model. The cup form from Sep2008 to 12 June09. The cup start to form from12 June to 9 July before it blast it way up. Me bought during the formation of handle which is typical the pull back price ( below 1.6) before it starts to shoot up. I sold at $2 to pocket profit as it has hit my target.
Midas will be have the same model as SAR. Me move my funds to from SAR to Midas now.
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Copied from Straits Asia thread:
U r right tat both SAR n Midas form cup n handle.
I m still holding onto both n now waiting for Midas turn to blast out of the handle, thus why I shifted all my funds in Hongxin into Midas in anticipation of it.
Cheers
solar2008 ( Date: 31-Jul-2009 09:04) Posted:
This guy falls into the classic cup and handle model. The cup form from Sep2008 to 12 June09. The cup start to form from12 June to 9 July before it blast it way up. Me bought during the formation of handle which is typical the pull back price ( below 1.6) before it starts to shoot up. I sold at $2 to pocket profit as it has hit my target.
Midas will be have the same model as SAR. Me move my funds to from SAR to Midas now.
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Today's candle, as at this point in time, looks like forming a star.
If today is indeed at close, a star n if Mon's close formed a long black
candle tat gap down n close into yesterday's long white candle, then it
forms an evening star, so caution is needed.
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U r right tat both SAR n Midas form cup n handle.
I m still holding onto both n now waiting for Midas turn to blast out of the handle, thus why I shifted all my funds in Hongxin into Midas in anticipation of it.
Cheers
solar2008 ( Date: 31-Jul-2009 09:04) Posted:
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This guy falls into the classic cup and handle model. The cup form from Sep2008 to 12 June09. The cup start to form from12 June to 9 July before it blast it way up. Me bought during the formation of handle which is typical the pull back price ( below 1.6) before it starts to shoot up. I sold at $2 to pocket profit as it has hit my target.
Midas will be have the same model as SAR. Me move my funds to from SAR to Midas now.
richtan ( Date: 30-Jul-2009 23:17) Posted:
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Hi petertan4949,
Nah, no need to thanks me, I just share my TA analysis n I might be right or wrong or i m right but mkt is a tricky beast n play punk with me by going the other way round, so still must dyodd n set stop-loss.
This is also one of my favorite stocks, trading in and out based on my interpretation of reversal sign.
To bad for those tat read my charts upside down, this is called "kwa-lan" or "ti - key". |
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Hi pilotfish,
Congrats to your profit-taking.
Nothing wrong to take profit as long as u are satisfied.
But for me, I always remember by heart n abide by my 3 golden mantras, one of which is:
"Let profits ride with trailing stops n cut-losses short" - reason being, we need to maximise our profits to
cover all those lossing trades n yet make net profits.
pilotfish ( Date: 31-Jul-2009 09:16) Posted:
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Exit for a sweet profit...
Well done AUsgroup ...
pilotfish ( Date: 09-Jul-2009 08:36) Posted:
Outlook for AUSgroup
Previously negative for this counter. Now turn positive.
No sign of buying signal yet...
See chart: (for reference only)
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U.S. Stocks Rally, S&P 500 Nears Nine-Month High, on Earnings
By Lynn Thomasson
July 30 (Bloomberg) -- U.S. stocks rallied, pushing the Standard & Poor’s 500 Index to the highest level in almost nine months, as companies from Motorola Inc. to MasterCard Inc. posted better-than-estimated results and jobless claims held below June levels.
Motorola jumped the most since April, gaining 10 percent, after job cuts helped the biggest U.S. mobile-phone maker report a smaller loss than analysts projected. MasterCard added 6.6 percent on earnings that topped the average forecast by 11 percent. General Electric Co. led the Dow Jones Industrial Average higher with a 7.6 percent advance on speculation new banking rules will let the company keep its finance unit.
The S&P 500 added 2.1 percent to 995.92, the highest intraday level since Nov. 5, as of 11 a.m. in New York. The Dow Jones Industrial Average advanced 170.12 points, or 1.9 percent, to 9,240.84. Stocks in Europe and Asia increased, pushing the MSCI World Index up 2 percent.
“We’re still in the stage that the rising tide of a recovering economy is going to lift all boats,” said Marc Harris, co-head of global research at RBC Capital Markets in New York. “This phase of the bad news getting less bad is continuing to be sustained. There’s a lot of hope and optimism that’s being built in.”
All 10 industry groups in the S&P 500 advanced at least 1.2 percent today after the Labor Department’s weekly jobless data bolstered expectations firings are slowing as the economy stabilizes. Applications rose by 25,000 to 584,000 in the week ended July 25, compared with more than 600,000 claims every week last month. The total number of people collecting unemployment insurance decreased for a third week.
Earnings-Fueled Rally
The S&P 500 and Dow average have risen 13 percent since July 10 after companies including Caterpillar Inc. and 3M Co. reported results that topped estimates. The surge left the benchmark index for U.S. equities trading at 16.8 times its companies’ profits over the past 12 months, the highest level since September, according to Bloomberg data.
About three out of every four companies in the S&P 500 that released results since June 17 have exceeded analysts’ second- quarter profit estimates, according to data compiled by Bloomberg. The data shows they’ve beaten forecasts by an average 9 percent, even as earnings tumbled 31 percent.
Motorola increased 10 percent to $7.25 after reporting a loss, excluding some costs, of 1 cent a share. That beat the average estimate of 4 cents by analysts in a Bloomberg survey.
MasterCard jumped 6.6 percent to $200.93. The world’s second-biggest payment-card network raised fees and processed more purchases in the second quarter, driving profit to $2.68 a share to exceed the average analyst estimate of $2.42.
Visa Inc., which runs the No. 1 credit-card network, gained 2.8 percent to $68.62 after it also topped projections with more consumers paying bills with credit, charge and debit cards.
Goldman Sachs Says Buy GE
GE increased 7.6 percent to $13.19. Companies that already have finance arms or industrial-loan businesses should be able to retain them without being subject to Federal Reserve oversight of their manufacturing operations, U.S. Representative Barney Frank said in an interview with Bloomberg News yesterday.
GE, which makes everything from jet engines to medical imaging machines, was also upgraded to “buy” from “neutral” at Goldman Sachs.
Treasuries Retreat
Treasuries fell, pushing the yield on seven-year notes to near the highest level in more than a month, as the U.S. prepares a $28 billion offering of the debt amid concern the deluge of supply will overwhelm demand. Ten- and 30-year debt fell for the first time in three days before the auction, the last of four this week totaling a record $115 billion. Sales in the past two days drew higher-than-expected yields.
Better-than-estimated results from Dow Chemical Co. and International Paper Co. propelled a measure of raw-material companies to the steepest gain among the 10 main industry groups in the S&P 500. Dow, the largest U.S. chemical maker, jumped 8.8 percent to $22.06, while International Paper added 5.5 percent to $19.40.
Forty-nine companies in the S&P 500 were scheduled to release second-quarter earnings today.
Alcoa Inc. gained 3.1 percent to $11.35 as copper, aluminum, nickel and zinc prices advanced. Barrick Gold Corp. increased 3.8 percent to $34.10 as gold rallied and the company beat the earnings estimates.
Akamai Technologies Inc. tumbled 21 percent to $16.07. The provider of software that makes Web sites load faster said profit excluding some items was 40 cents a share in the second quarter, missing the average analyst estimate by 1.5 percent.
To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net. Last Updated: July 30, 2009 11:02 EDT
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peg_li,
Dun just follow broker recommendation and buy/sell blindly, good to read on their FA write-up but learn TA to time your entry n exit is crucial.
Peg_li ( Date: 30-Jul-2009 23:34) Posted:
I will take into account it,I know this one is best among the fibre business company, this one also is reconmend by some broker,I will keep close monitoring for it tomorrow!
petertan4949 ( Date: 30-Jul-2009 23:27) Posted:
Peg_li
i suggest you buy Li Heng, before it take off. I can assure you , you will thanks me for it.
i have been calling since 21c, today it is 26c still cheap, nav is 43c.,p ersonnally vested.
but as usual, BAYOR.
always have stop loss like richtan said.OK. |
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I fully agree with u.
petertan4949 ( Date: 30-Jul-2009 23:36) Posted:
It really doesn't matter who we are, but rather what we did.
who on earth have not been cheated in their life. Every businessman got cheated, that is how we learned. Personnally, lost a few hundred thousand., so shd i drown myself with my tears.
But it is always easier to blame other for our own ignorant.
who is to blame, those who suggest or say, OR those who put it into action
you must BAYOR. and DYODD.
YOU ARE RESPONSIBLE,YOU DID NOT DO YOUR HOMEWORK,
the fault with the world is the fault with us as individual, the world is faultless.
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Buy at your own risk n do your own due diligence, ie homework
Peg_li ( Date: 30-Jul-2009 23:43) Posted:
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BAYOR. and DYODD
Sorry, what do they mean?
petertan4949 ( Date: 30-Jul-2009 23:36) Posted:
It really doesn't matter who we are, but rather what we did.
who on earth have not been cheated in their life. Every businessman got cheated, that is how we learned. Personnally, lost a few hundred thousand., so shd i drown myself with my tears.
But it is always easier to blame other for our own ignorant.
who is to blame, those who suggest or say, OR those who put it into action
you must BAYOR. and DYODD.
YOU ARE RESPONSIBLE,YOU DID NOT DO YOUR HOMEWORK,
the fault with the world is the fault with us as individual, the world is faultless.
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Hi peg_li,
U r most welcome.
It is not possible for me to post charts for more than a few counters due to my time constraints as I also need to monitor my personal trades, follow-up on news, read analyst write-ups (purely just for info, dun trust to much in wat they write, must do own homework) n most importantly, time for my family.
Posting n analysing is both time-consuming n tedious.
In any case, my chart posting is purely base on my TA interpretation n I might be right or wrong, so still must dyodd.
I seek to try my best to post for one or 2 stocks if my time permits n normally are those stocks tat I m holding, my thinking is ,since I have analysed it, why not post to exchange pointers with fellow TA practitioner to see where I might go wrong .
Normally I dun hold more than 3 counters to dedicate my full attention to it so tat it dun slip by me any buy or sell sign as I closely monitor it. To make money, we dun have to hold many stocks, may lose concentration n end up worse.
Peg_li ( Date: 30-Jul-2009 23:01) Posted:
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Thank you very much for your advice.I also want to learn about TA. !I think you are senior!I just enter in this market last october, still have no experience about when to buy and when to sell.since this forum provide the platform to learn from each other, should appreciate everyone who give us good advice and this website!Also hope you should give us more advice and paste more TA picture in this forum for some stocks we are interested in in the future if you would like to take time to do so!one more time, thanks to you!
richtan ( Date: 30-Jul-2009 22:50) Posted:
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Hi peg_li,
This is my sincere advice, no hard feelings.
I always encourage newbies to learn the art of interpreting TA, though it is not infallible,
thus need to also set stop-loss, dun listen to those wild talks, we owe ourselves our living, they dun owe us anything, need to do own homework.
Always remember, master the skill of TA and money management n you are the master of your trade and not a slave of those wild talks.
If u are serious about trading, click on my nick and read all my past sharings n advice to newbies n my 3 golden mantras (slowly take your time to read thru, it will definitely benefit u) as I m more than qualified to post these advices as I had walked thru the baptism of fire in trading, walking the path tat all newbies started, got burnt seriously till I finally wake-up and realise the importance of learning TA.
I had also specially created a thread "Learning TA" for newbies in mind as the thought of newbies being burnt saddens me and reminds me of my past. |
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Hi petertan4949,
Nah, no need to thanks me, I just share my TA analysis n I might be right or wrong or i m right but mkt is a tricky beast n play punk with me by going the other way round, so still must dyodd n set stop-loss.
This is also one of my favorite stocks, trading in and out based on my interpretation of reversal sign.
To bad for those tat read my charts upside down, this is called "kwa-lan" or "ti - key".
petertan4949 ( Date: 30-Jul-2009 17:27) Posted:
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feel sorry for those who sold at 2.0, but i assume and hope that they plough their profit into some counter that is yet to ballon, instead of in the bank.
cheongwee, many chap say this is a downtrend stock, maybe they see the chart upside down.
CW ,can pls recommend us some stock, we all are very hungry for down trend stock.
last min, 1700 over lots taken by BB. close at 2.13, a down trend price.
i thk rich tan chart they read it upside down.
richtan and CW, are my $ spinner, lucky never heal those chap tthat say this burger is worse only 60C. and sell,,intend to hold till 3.0!!!!thks rich tan and CW
solar2008 ( Date: 30-Jul-2009 17:17) Posted:
| congrats to those that still holding |
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Hi petertan4949,
Hope u dun mind my sharing.
One of my 3 golden mantras is: "Let profits ride with trailing stops" - we need to let profits ride to cover those lossing trades in order to make net gains.
To know more about the other 2, click on my nick and search (hehe.. u must do some work, then u will remember by heart better).
This is just my advice, decision still yours, dyodd.
petertan4949 ( Date: 30-Jul-2009 22:37) Posted:
singaporegal , could be right, people may use the rally to take profit after such a strong run up.
in fact, that was what i was thinking. Sell half first. hehehe |
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WOW!!! this bull is really SOLID N "SUPER-CHARGED"
richtan ( Date: 30-Jul-2009 22:20) Posted:
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WOW!!! The bull is getting stronger - Give the man a "RED BULL"
richtan ( Date: 30-Jul-2009 21:46) Posted:
WOW!!!  DOW opened up strongly....
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Hi peg_li,
This is my sincere advice, no hard feelings.
I always encourage newbies to learn the art of interpreting TA, though it is not infallible,
thus need to also set stop-loss, dun listen to those wild talks, we owe ourselves our living, they dun owe us anything, need to do own homework.
Always remember, master the skill of TA and money management n you are the master of your trade and not a slave of those wild talks.
If u are serious about trading, click on my nick and read all my past sharings n advice to newbies n my 3 golden mantras (slowly take your time to read thru, it will definitely benefit u) as I m more than qualified to post these advices as I had walked thru the baptism of fire in trading, walking the path tat all newbies started, got burnt seriously till I finally wake-up and realise the importance of learning TA.
I had also specially created a thread "Learning TA" for newbies in mind as the thought of newbies being burnt saddens me and reminds me of my past.
Peg_li ( Date: 30-Jul-2009 20:55) Posted:
agree with you, at that time, there was always somebody who said STI would go down 1200, even 800, 1400 was not the bottom, ask us not go in and sell. they are all nonsense!
dealer0168 ( Date: 30-Jul-2009 20:50) Posted:
Or maybe we should say, only people who dare to risk will profit more. |
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Hi zelphon,
Always remember "Wat is o/b can be even more o/b n wat is o/s can be even more o/s".
The key lies in knowing how to detect reversal sign in charts.
Zelphon ( Date: 30-Jul-2009 21:24) Posted:
That is why we have TA !!!
And based on TA... most stocks are in overbought region...
Waiting for correction.. |
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