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Latest Posts By richtan - Supreme      About richtan
First   < Newer   2621-2640 of 3268   Older>   Last  

11-Jun-2009 23:35 China Hongxing   /   Good News for China Hongxin       Go to Message
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Let me teach u the rope of the trade (trick).

Do not just simply look at the volume today, wait till tomoro close n see the total volume cf to last few weeks volume, see my weekly chart below. 

Learn to look at things in perspective n not be tricked.

Sometimes, the daily volume can be misleading, the volume could be up with prices uncahnged or up but someone tries to play punk n purposely push down towards the close to make it look like down on heavy volume.

Btw, at the end of day, nothing is cast in stones,n charts are not holy grail, so still dyodd, make informed decision n if necessary, if hit your stop-loss, dun hesistate to cut loss n live with your decision should it later bounce back above your cut-loss as nothing is perfect.



baby88      ( Date: 11-Jun-2009 23:12) Posted:

Thanx. The volume of this counter surged significantly today with price dropped. What do this implies ?

Moreover, the volume is actually built up by a few big transactions only. Like 6000 lots, 3000 lots ... this few transactions brought the counter to Top 10 Volume Counters. Is this healthy?



baby88      ( Date: 11-Jun-2009 17:10) Posted:

Dear ALL, I am new here. Just wondering why the price at 16:59 is 0.185; however it turned to 0.180 at 17:05 with 3,488,000 unit sold down. Can they trade after market closed at 17:00 ???
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11-Jun-2009 22:12 China Hongxing   /   Good News for China Hongxin       Go to Message
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I m in this forum for quite sometime, so naturally when I see lately more n more new hapless faces making ridiculous unsubstantiated posting without looking at TA n charts, I feel it is my obligations to give back to the forum wat I had benefited from this forum in the hope tat newbies who comes in do not degrade this forum with wild unsubstantiated calls n hopefully newcomers will take the effort to learn TA n read up trading books ( I had posted n recommended some good books n Free tutorial TA websites) n in future, can contiribute to this forum for the benefit of all forumers.

Lets share our knowledge n prosper together.



tedlim_me      ( Date: 11-Jun-2009 21:40) Posted:

thanks richtan.. ur eagerness to get ur msg across and educate us can really be felt.. appreciate it..

 

in any case, i'm vested here.. hope it goes up!  



richtan      ( Date: 11-Jun-2009 21:35) Posted:



Do not just look at the daily chart, always also look further timeframe like weekly n monthly chart.

Looking at the weekly candlestick chart shows a flagpole n pennant with support at 17.5 followed by 16.

Considering tat it had risen from a low of 5.5 to the recent high of  22.5, it is reasonable for it to correct to the support unless the last barrier support at 16 gave way.

In any case, this is my analysis, dyodd.
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11-Jun-2009 22:03 China Hongxing   /   Good News for China Hongxin       Go to Message
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Do not short blindly unless u are convinced after looking at the daily n weekly charts.

It is your money, so dyodd



RiseNFall      ( Date: 11-Jun-2009 21:54) Posted:

China Hongx -- Top List to short

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11-Jun-2009 21:46 China Hongxing   /   Good News for China Hongxin       Go to Message
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richtan      ( Date: 11-Jun-2009 21:35) Posted:



Do not just look at the daily chart, always also look further timeframe like weekly n monthly chart.

Looking at the weekly candlestick chart shows a flagpole n pennant with support at 17.5 followed by 16.

Considering tat it had risen from a low of 5.5 to the recent high of  22.5, it is reasonable for it to correct to the support unless the last barrier support at 16 gave way.

In any case, this is my analysis, dyodd.
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11-Jun-2009 21:35 China Hongxing   /   Good News for China Hongxin       Go to Message
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Do not just look at the daily chart, always also look further timeframe like weekly n monthly chart.

Looking at the weekly candlestick chart shows a flagpole n pennant with support at 17.5 followed by 16.

Considering tat it had risen from a low of 5.5 to the recent high of  22.5, it is reasonable for it to correct to the support unless the last barrier support at 16 gave way.

In any case, this is my analysis, dyodd.
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11-Jun-2009 21:18 China Hongxing   /   Good News for China Hongxin       Go to Message
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I had previously replied to one fellow forumer, do a search under my username, richtan n "time n sales",  but remember u need to lokk at it in perspective (total buy n sell for tat day n past few days) n not jump to conclusion, saying "all people had exited this stock"  just bcos of tat last trade being sold down.

Dun call it winter just bcos u saw a dead sparrow.

At the end of day, u still need to set your stop-loss as "time n sales" is not a "holy grail".



fartist      ( Date: 11-Jun-2009 20:55) Posted:

Sorry but may i ask how do you guys see if people are entering or leaving this counter? Thanks.
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11-Jun-2009 21:08 China Hongxing   /   Good News for China Hongxin       Go to Message
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The fact tat u had lost money n had hold for 3 weeks, looking at the chart, obviously shows tat u had chased after the stock during the correction after the recent run-up.

To make money in stocks, u simply must learn to read the charts, not just reports. Learn TA. open the chart, apply wat u learn n learn from the mistakes u made.

If u are keen to learn TA, do a search under my username, richtan, as I had recommended some trading books & "Free tutorial on TA" websites.



newtothis      ( Date: 11-Jun-2009 16:27) Posted:

I hold China Hongx for 3 weeks and sold them at a loss. too dangerous to touch after reviewing many times its report. Some figures really doesnt make sense.

richtan      ( Date: 11-Jun-2009 14:35) Posted:

Someone had again snapped up another 3000 lots @19 cts from the seller at 2.31 p
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11-Jun-2009 20:59 China Hongxing   /   Good News for China Hongxin       Go to Message
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Tat depends on at wat price u bot, had u bot at or around the low or even at 17 cts n bother to study the charts, u should still be making tons of money from this stock.



newtothis      ( Date: 11-Jun-2009 16:27) Posted:

I hold China Hongx for 3 weeks and sold them at a loss. too dangerous to touch after reviewing many times its report. Some figures really doesnt make sense.

richtan      ( Date: 11-Jun-2009 14:35) Posted:

Someone had again snapped up another 3000 lots @19 cts from the seller at 2.31 p
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11-Jun-2009 20:53 China Hongxing   /   Good News for China Hongxin       Go to Message
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Wat makes u think tat "people are exiting this counter", kindly substantiate n back your statement, otherwise u are just spouting "hot air" n lacks credibility, take a look at the "time n sales", there are equally as many people entering as exiting.

In any case, be it people entering or exiting, set your cut-loss point once u enter a trade be it any stocks.

Dun call it winter just bcos u saw one dead sparrow.



newtothis      ( Date: 11-Jun-2009 17:12) Posted:



yes you can. The last Final TX is at 17:05

People are exiting this counter.
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11-Jun-2009 20:42 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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All these are MFTs, u think they are god meh??

Why care so much, just trade day to day, nobody even knows whether mkt close up or dowm tomoro (50/50) let alone future prediction, also 50/50. 



ShareJunky      ( Date: 11-Jun-2009 20:37) Posted:

sounds scary........

cheongwee      ( Date: 11-Jun-2009 19:11) Posted:



DOW is going under 5000!!!..not me say this...this guy say this..

http://www.youtube.com/watch?v=HM-QiYgYNpk&NR=1
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11-Jun-2009 14:35 China Hongxing   /   Good News for China Hongxin       Go to Message
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x 0 		Someone had again snapped up another 3000 lots @19 cts from the seller at 2.31 pm

richtan      ( Date: 11-Jun-2009 11:49) Posted:

Someone had at 11.33 am again just snapped up 2500 lots from the seller at 19 cts

richtan      ( Date: 11-Jun-2009 10:33) Posted:

Someone had again just snapped up 1000 lots from the seller at 19 cts, in 2 transactions, each 500 lots continuously, one transaction followed by the next one.

Silent accumulation had been going on insiduously for quite some time aredi.

Watchout. Very soon could be CHHX turn to run up.
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11-Jun-2009 14:11 China Hongxing   /   Good News for China Hongxin       Go to Message
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Well, dyodd, if u think it is too dangerous to touch, then by all means dun touch lor.

But tat does not mean others will read blindly n get frightened by your posting, smart traders always do their own due diligence n dun read n act blindly.

Btw, my analysis n observation may b right or wrong, so dyodd



newtothis      ( Date: 11-Jun-2009 13:39) Posted:

this china hongx ...  looks very dangerous stock to touch.

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11-Jun-2009 14:06 China Hongxing   /   Good News for China Hongxin       Go to Message
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To me. apparently it is n ongoing for quite some time.

It appears to me tat this is silent accumulation in gradual low volume so as not to "frighten the snake".

Anyway, I may be wrong too, so dyodd.



lsj840428      ( Date: 11-Jun-2009 12:39) Posted:

does it mean someone is accumulating this counter silently........looking at the current volume trend, it seems decreasing.....

richtan      ( Date: 11-Jun-2009 11:49) Posted:

Someone had at 11.33 am again just snapped up 2500 lots from the seller at 19 ct
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11-Jun-2009 11:49 China Hongxing   /   Good News for China Hongxin       Go to Message
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x 0 		Someone had at 11.33 am again just snapped up 2500 lots from the seller at 19 cts

richtan      ( Date: 11-Jun-2009 10:33) Posted:

Someone had again just snapped up 1000 lots from the seller at 19 cts, in 2 transactions, each 500 lots continuously, one transaction followed by the next one.

Silent accumulation had been going on insiduously for quite some time aredi.

Watchout. Very soon could be CHHX turn to run up.



richtan      ( Date: 11-Jun-2009 09:17) Posted:



Someone had just snapped 2000 lots from the seller at 19 cts, in 2 transactions, each 1000 lots continuously,

one transaction followed by the next one.

Watchout. Could be CHHX turn to run up
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11-Jun-2009 10:33 China Hongxing   /   Good News for China Hongxin       Go to Message
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Someone had again just snapped up 1000 lots from the seller at 19 cts, in 2 transactions, each 500 lots continuously, one transaction followed by the next one.

Silent accumulation had been going on insiduously for quite some time aredi.

Watchout. Very soon could be CHHX turn to run up.



richtan      ( Date: 11-Jun-2009 09:17) Posted:



Someone had just snapped 2000 lots from the seller at 19 cts, in 2 transactions, each 1000 lots continuously,

one transaction followed by the next one.

Watchout. Could be CHHX turn to run up
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11-Jun-2009 10:28 Midas   /   Midas       Go to Message
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Yes, plse, plse, help me to short it down so I can buy n accumulate more at lower level.

But if there is panic short-covering n the price shootup, I m equally also happy except only tat I cant accumulate more at lower level.



178investors      ( Date: 11-Jun-2009 10:07) Posted:



easy money to be made today shorting this one at 75c... make two rounds already and now opening more positions... try some lucky breaks before it's gone again.
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11-Jun-2009 09:17 China Hongxing   /   Good News for China Hongxin       Go to Message
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Someone had just snapped 2000 lots from the seller at 19 cts, in 2 transactions, each 1000 lots continuously,

one transaction followed by the next one.

Watchout. Could be CHHX turn to run up
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10-Jun-2009 23:02 Others   /   DOW       Go to Message
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x 0 		The wild swing from +ve to now -ve can really make traders head spin, hopefully closed up or unchanged or just slightly -ve still ok.

richtan      ( Date: 10-Jun-2009 22:41) Posted:

DOW is very volatile, extreme wild swing

richtan      ( Date: 10-Jun-2009 22:31) Posted:

This is called kena played backsid
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10-Jun-2009 22:58 Midas   /   Midas       Go to Message
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x 1 		It may probably have a correction on low volume, which is healthy as mkts tat go up in straight line without consolidation ( must pause to chuan kui) is more scarier, can get severe indigestion & toa lau sia.

ozone2002      ( Date: 10-Jun-2009 22:50) Posted:



wanna know if Midas can sustain its trend up?

read the vol tomorrow..
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10-Jun-2009 22:41 Others   /   DOW       Go to Message
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x 0 		DOW is very volatile, extreme wild swing

richtan      ( Date: 10-Jun-2009 22:31) Posted:

This is called kena played backside

aleoleo      ( Date: 10-Jun-2009 22:26) Posted:



stupid DOW is heading south now .... before opening the future even up more than 100 points ....

now almost flat liao ..... lets guess will it end flat, high or low ? if go low, those who bought and

believe the baby bull is running out might get trap ....


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