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12-Jul-2009 15:58

China Sports / China Sport

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Hi Bintang,

I dun think it is a rising wedge, check TA books or do a google search on "rising wedge pattern" n u know wat I mean.

Bintang ( Date: 12-Jul-2009 15:39) Posted:

This is confirmed not a flag pattern , flags appear regularly on daily charts , but because of the short time they take to develop , normally less than 4 weeks , they are rarely seen on weekly charts , n never happen on monthly charts . China Sports is not in the flag pattern . It looks like forming a rising wedges chart pattern . This is only from my observation , n only my point of views .

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12-Jul-2009 15:43

China Sports / China Sport

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Hi pilotfish,

If u are using the free chartnexus software, there is an indicator called "volume ma", the default is set at 14ma.

pilotfish ( Date: 12-Jul-2009 01:29) Posted:

Sorry, don't get u.

richtan ( Date: 12-Jul-2009 01:10) Posted:

For me, I based on the 14 day volume ma, it must be at or above tat 14ma.

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12-Jul-2009 15:38

China Sports / China Sport

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Ooops, sorry typo error, it had broke the support at 14 (not12.5)

richtan ( Date: 12-Jul-2009 15:37) Posted:

It is basically a confirmed downtrend as it is below the 3 emas n the ema is downtrending n it had broke the support at 12.5.

It had previously tested the 3 emas n failed to break above n resume the downtrend.

Unless it broke above the 3 ema n formed higher high n higher low or test the 3 emas again as support.

The downtrend had formed lower high n lower low.

The trend is your friend, so never go against the trend.

fartist ( Date: 12-Jul-2009 15:17) Posted:

Take chinasprots for example is this flag still valid cause from what i see its spiralling down till it may even hit the support level at 12.5 cents.

So would you consider this a flag or a downtrend? thanks!

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12-Jul-2009 15:37

China Sports / China Sport

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It is basically a confirmed downtrend as it is below the 3 emas n the ema is downtrending n it had broke the support at 12.5.

It had previously tested the 3 emas n failed to break above n resume the downtrend.

Unless it broke above the 3 ema n formed higher high n higher low or test the 3 emas again as support.

The downtrend had formed lower high n lower low.

The trend is your friend, so never go against the trend.

fartist ( Date: 12-Jul-2009 15:17) Posted:

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12-Jul-2009 01:43

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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Below is my weekly chart analysis for sharing and exchange pointers.

I may be right or wrong, so dyodd

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12-Jul-2009 01:35

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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Hi froggie08,

Many thanks for your kind support.

My posting is purely based on my passion to share with no personal agenda, with my personal view of the possible direction of the stock price (thus I always state both support and resistance as TA is not infallible) and I welcome forumers to disagree and exchange pointers so I too can learn from fellow forumers.

To those tat think their post can influence the price or the mkt, I always say it is a futile effort as the mkt is too big to be influenced thru a forum.

U are right tat it is time-consuming to analyse and post besides monitoring my personal trades and spending quality time with my family, thus why I dun post much charts of other counters except a few of my favorite counters.

froggie08 ( Date: 11-Jul-2009 19:58) Posted:

Money are around us in the "Market", so with the effort from people like richtan, he actually helping us sincerely from his heart, we all can see that richtan actually put in a lot of effort and analyis the counter; we did not pay him a single cents, and he has no duty to help us by looking at the market, he just extend his "personal help" to guide all in this forum to make real cash money. If anyone of us sported that richtan did not cover any important items, I suggest that you may add on your point and proposal so everyone can benefit and all can grap the "money from the market".

I believe all of us are having the same target over at this forum, that is to learn, share and making money. So, we must put in our real point of view, all our message, information, etc must support with facts and/or logical analysis. I will not make noise if I do not have better things to share, reason that I do not want to mislead and waste your precious time.

Both el7888 and Bintang are correct, we want honest and sincere sharing in this forum only; High standard must to maintain n clean enviroment have to achieve, So, the forumers could benefit from the posting n not just wasting time.

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12-Jul-2009 01:10

China Sports / China Sport

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For me, I based on the 14 day volume ma, it must be at or above tat 14ma.

pilotfish ( Date: 12-Jul-2009 00:48) Posted:

Hi richtan,

Appreciate for your valuable comment.

From your experience how much would be consider high volume for CSI?

richtan ( Date: 11-Jul-2009 15:55) Posted:

Even if Mon is a higher high n higher low white candle, the risk/reward is not favorable as it is too near the 15ema, 25ema n 65ema n these emas had been acting as strong resistance.

Safer to buy only when it moves above the emas and test it as support.

This is only my opinion, dyodd.

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12-Jul-2009 00:35

AusGroup / Ausgroup

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Ooops, re=post of weekly chart as previous chart width too small:

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12-Jul-2009 00:27

AusGroup / Ausgroup

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Below is my weekly chart analysis for sharing and exchange pointers.

I may be right or wrong, so dyodd.

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11-Jul-2009 23:37

AusGroup / Ausgroup

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Hi el7888,

It is my pleasure to help newbies as I too was once helped by many experienced forumers, so now it is right tat I pay it forward, likewise hope the newbies in future becomes experienced n help future newbies and pass it on.

Not sure whether it is a feature in poems, for UOBKH, right mouse click on any particular stock and select it from a quick menu.

el7888 ( Date: 11-Jul-2009 22:28) Posted:

Hi richtan,

Care to share where can I access to this "Trade Summary"? Is it a feature in UOBKayHian system? I notice that poems does not provide this service.

Really good to see that you are actively helping the newbies. We learn, we earn!

richtan ( Date: 26-Jun-2009 16:38) Posted:

"Trade Summary" shows tat price level (total transacted volume) is shifting from 54 to 54.5 to 55

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.5458	LAST DONE PRICE : 0.545
SPREAD/PRICE RATIO : 0.0092	AVG TRADE SIZE : 39.223

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.535

0.540

2,790

1,952

838

0.545

115

4,281

1,692

2,589

0.550

100

4,705

2,594

2,111

0.555

TOTAL

301

11,806

6,258

5,548

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11-Jul-2009 15:55

China Sports / China Sport

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Even if Mon is a higher high n higher low white candle, the risk/reward is not favorable as it is too near the 15ema, 25ema n 65ema n these emas had been acting as strong resistance.

Safer to buy only when it moves above the emas and test it as support.

This is only my opinion, dyodd.

richtan ( Date: 11-Jul-2009 15:49) Posted:

Oh, one more thing, if it is a hammmer (ie tail must at least twice the small body), it still needs confirmation of higher high and higher low white candle the next day for trend reversal

richtan ( Date: 11-Jul-2009 15:43) Posted:

Hi dealer0168 n pilotfish,

Tat black candle does not qualify as a hammer.

A hammer must have a lower shadow (tail) of a minimum twice the length of the body

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11-Jul-2009 15:49

China Sports / China Sport

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Oh, one more thing, if it is a hammmer (ie tail must at least twice the small body), it still needs confirmation of higher high and higher low white candle the next day for trend reversal

richtan ( Date: 11-Jul-2009 15:43) Posted:

Hi dealer0168 n pilotfish,

Tat black candle does not qualify as a hammer.

A hammer must have a lower shadow (tail) of a minimum twice the length of the body

dealer0168 ( Date: 11-Jul-2009 01:02) Posted:

Hi el7888,

Actually, i'm abit quite bullish on the economy results to be announced next week. But not sure if it comes truth & also come in time. Anyway, nothing is fixed..........let see how things moved on next week ( although currently the TA point of view don't look quite good for China Sport)..

Hi pilotfish,

The hammer formed today maybe is only a normal hammer as its lower shadow (the tail) is not long enough. Anyway monday will know.

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11-Jul-2009 15:43

China Sports / China Sport

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Hi dealer0168 n pilotfish,

Tat black candle does not qualify as a hammer.

A hammer must have a lower shadow (tail) of a minimum twice the length of the body

dealer0168 ( Date: 11-Jul-2009 01:02) Posted:

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10-Jul-2009 17:03

Others / Most - S-Chip get ready to get 10-20% Price Hike

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Get Ready For The New China Bull Market:

by Tony Sagami on July 4, 2009 at 8:30 AM

http://www.uncommonwisdomdaily.com/?p=929

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10-Jul-2009 17:00

Others / Most - S-Chip get ready to get 10-20% Price Hike

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Hi Bintang,

Thanks for welcoming me back n it is my pleasure to share.

Still testing waters, but if jaws/pests surfaced n I still get taunted or flame, I will still have to ignore it n no choice

but to withdraw into my cocoon again as I have to abide by admin's reminder not to reply to such taunt/flame.

Bintang ( Date: 08-Jul-2009 09:24) Posted:

WELCOME home , richtan , we miss u so much !

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10-Jul-2009 15:51

Others / DOW & STI

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Hi rachael,

Thanks for welcoming me back n it is my pleasure to share, hope one day I can also learn from u,

Still testing waters, but if jaws/pests surfaced n I still get taunted or flame, I will still have to ignore it n no choice

but to withdraw into my cocoon again as I have to abide by admin's reminder not to reply to such taunt/flame.

See my below post to chee meng, click on all the links n read all my past post on advice, "Free TA Tutorial". my 3 golden mantras, blah...blah... blah... n learn as much as u can n be the master of your own trade.

rachael ( Date: 10-Jul-2009 15:32) Posted:

Hello Richtan,

Welcome back!! and thanks for your guidance at Straits asia counter. Smiley

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10-Jul-2009 15:44

Others / DOW & STI

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Hi chee meng,

Hope to see your chart analysis posting soon, dun worry, give it a try and we exchange pointers n learn from each other.

I m a strong advocator of TA, it is the compass of a trader.

Learn the ropes of the trade, master TA n u are the master of your trade.

Click on my nick n read all my sharings, advice, recommnedation of a few good TA books,

"Free Tutorial on TA" websites n expert analysis websites.

I had complied a list of websites why u can also learn TA:

(1) http://www.onlinetradingconcepts.com/index.html

(2) http://www.singaporestocks.com.sg/

(3) http://www.oilngold.com/

(4) http://www.incrediblecharts.com/technical/technical_analysis.php

(5) http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators

(6) free TA: http://www.youtube.com/watch?v=6bMO8Gjlwik

U can also see how the expert analyse charts, eg:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID369857&cmd=show&disp=p

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10-Jul-2009 15:09

Others / DOW & STI

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Hi chee meng,

Thanks for welcoming me back,

Still testing waters, but if jaws/pests surfaced n I still get taunted or flame, I will still have to ignore it n no choice

but to withdraw into my cocoon again as I have to abide by admin's reminder not to reply to such taunt/flame.

Great, remember, try to master TA n u are the master of your trade.

lawcheemeng ( Date: 10-Jul-2009 14:43) Posted:

heh! Richtan great to see u back. now i can learn more from ur posting. thks. now can understand ur posting better.after gone tru the basics.

el7888 ( Date: 10-Jul-2009 14:33) Posted:

Hi richtan,

I agreed with your analysis and hope that we are in the bull market. But look moneycentralonline, they seen to have a different point of view.

http://www.moneycentralonline.blogspot.com/

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10-Jul-2009 15:00

Others / DOW & STI

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Hi el7888,

The upper channel line shown in "moneycentralonline" is my upper sloping line,

which I mentioned in my chart tat if it breaks above it (about 2330), it would likely resume the uptrend

el7888 ( Date: 10-Jul-2009 14:45) Posted:

Sorry, Moneycentralonline sis said that there is a break ABOVE the down channel. That is good news!

el7888 ( Date: 10-Jul-2009 14:33) Posted:

Hi richtan,

I agreed with your analysis and hope that we are in the bull market. But look moneycentralonline, they seen to have a different point of view.

http://www.moneycentralonline.blogspot.com/

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10-Jul-2009 14:24

Others / DOW & STI

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Below is my chart analysis of STI for sharing and exchange pointers.

I maybe wrong or right, so dyodd

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