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China Sport
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newtothis
Veteran |
03-Jul-2009 09:48
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Instense pressure here. | ||||
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pilotfish
Senior |
03-Jul-2009 08:57
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I won't comment about the pattern form but I take it as a test for holding power if I am in. Base on the weekly chart (see my earlier posting) short interruption in price is what I could say. (see chart) Just for reference. |
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newtothis
Veteran |
03-Jul-2009 08:48
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Do not forget share prices is to gauge a company in the future (6-9 months) :) I am saying there are certain shares that really went up too much but some still tons of room to grow. and remember what i say this Q3.. belongs to S-Chip :)
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iPunter
Supreme |
03-Jul-2009 08:45
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One thing I've learned long ago is not to hold any opinion of the market by way of 'growth' |
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newtothis
Veteran |
03-Jul-2009 08:28
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It will not go over -55 pts with the current growth in singapore. With all the right factors we are seeing in china and singapore. Nope :)
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iPunter
Supreme |
03-Jul-2009 08:24
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So you think -55pts is impossible?... hehehe...
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newtothis
Veteran |
03-Jul-2009 08:16
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Today STI will be in the range of + 20 to -35 range. I dont think we should be panic about what happen to DJ. DJ drop is expected. GM went down and massive people got cut, its only natural that job cut up more than expected. US has its worst and this is truly the first step of recovering taking effects. Q2 results of most US based company might not be good. But for China Bases will be different. We should look towards China economy to be fair for this burger. |
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newtothis
Veteran |
03-Jul-2009 06:23
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O.O lol really ? richtan Hold - We will try out best today. Its gonna be tough today but we will hold our defence |
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richtan
Supreme |
02-Jul-2009 23:40
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Wow!! I feel "embarrassing" n exhilarating tat a branded "average trader" pointing out the folly (or deceptive ploy) of a "supreme" trader, a King of the KIngs of SSBBs by using TA chart (haha... so called use as a guide only but can detect something which our "supreme" trader fails to notice unless it is a deceptive ploy).
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richtan
Supreme |
02-Jul-2009 23:26
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Oh yah, when I say threshold of pain, I refers to cut-loss point, unless your threshold of pain is high, it is your spare cash tat u are prepared to throw away if (touch wood again) CSI insolvent n delisted, total losses, otherwise, there is always chances of recouping your losses.
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pilotfish
Senior |
02-Jul-2009 23:21
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Hi Bintang, Thanks for your info. Indeed daily chart look ugly. Have to agree with u. (Will not comment too much for the pattern) Let see whether it break through the recent support at 14 cents. See chart for historical support. Week chart still ok (not that bad). Price is still supported by the 25 days MA. Up trend (positive divergence)still intact. See chart. Just for reference.
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richtan
Supreme |
02-Jul-2009 23:21
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Hi fartist, Nothing to be scared lah, part n parcel of trading. Depending to your holding power n threshold of pain, if u can hold, nothing goes down forever, the day will come when it turns up again, just sit the roller-coaster ride loh n u can turn from losses to profit, unless touch wood, something goes wrong with CSI lah
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dealer0168
Elite |
02-Jul-2009 21:59
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Wow u got 0.19......... Emm even average yr 0.15 & 0.19, u will get 0.17. Emm tomorrow see how things go. Actually need not be afraid as we are only at STI 2320.82 now. When good time ( STI may surge to 3500 or more) come u will recover bk & even profit. But at a condition, u are using spare money to hold loh. If not, than have to put a cut lost target.
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Bintang
Elite |
02-Jul-2009 21:48
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100% agree !
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richtan
Supreme |
02-Jul-2009 21:46
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U r right, on 26th, it tested the support-turned-resistance at 0.165 n failed to break above it, which is an extremely bearish sign.
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fartist
Member |
02-Jul-2009 21:45
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Thanks for sharing bintang, im holding on with at 19cents and 15cents. This is one scary ride and i hope i'll not regret it. | ||||
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Bintang
Elite |
02-Jul-2009 21:39
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China Sports fell out from a descending tringle on 17/06 and struggled back on 25/6 n 26/6 trying to overcome the situation but failed . The height of the triangle is 21 cents , the breakout point is 16.5 cents , therefore the target must be 12 cents . | ||||
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fartist
Member |
02-Jul-2009 21:37
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Thank you for sharing, anyone knows when the 2nd quarter result is out? | ||||
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dealer0168
Elite |
02-Jul-2009 21:35
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Thanks RichTan ..........Emm noted.
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richtan
Supreme |
02-Jul-2009 21:31
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I may be right or wrong as TA is not infallible, but looking at my chart posting, the support is at 0.12 (support from 26/11/08 to 2/12/08 n the confluence with the lower sloping support line) or b4 0.12 but it needs to be confirmed with reversal pattern
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