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Latest Forum Topics / Midas    Last:0.192 --  Post Reply
Midas
richtan
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16-Aug-2009 17:38     
 
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Looking at the chart, the 25ema had been providing very strong support (at 0.84).

Personally, I will exit if it closes 2 days continuous below it (to avoid one day fake breakdown) but this is not a call to buy or sell, dyodd n BOSAYOR.

Note my annotaion in my chart "Price rise on increased vol but corrects with decrease vol", this shows to me tat BBs are the big buyers n not selling during correction, instead only those emotional retail traders sell.
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star-trader
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16-Aug-2009 17:34     
 
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RichTan,

No problem..as we are learning from each other and of course is good to share our technical TA with is really interesting.. Yes, you are right with the Rule of Recognition on hanging man...but why it indicates that, is because of the volume and the momentum..

Anyway, thanks for sharing your chart which benefits everyone..

rgds, star-trader



richtan      ( Date: 16-Aug-2009 17:08) Posted:

Hi star-trader,

No offence or insult intended.

I m open-minded n rceptive to others views and here to share my knowledge and exchange pointers.

Neither is last Thurs nor last Fri's candle a "hanging man" as it does not fulfil the rules below (even if it is a hanging man, confirmation is definitely required with a lower low and lower high black candle):

"Rules of Recognition" for hanging man

1 The small real body is at the upper end of the trading range.

2. The color of the body is not important.

3. The long lower shadow should be much longer than the length of the real body, usually 2 to 3 times.

4. There should be no upper shadow, or if there is, it should be very small.



star-trader      ( Date: 16-Aug-2009 16:25) Posted:



Thanks Bintang for your reply...

I have read your post previously, you are indeed full of insight and gain a lot of knowledge from you...I agree with you that MIDAS will defnitely move up to your TP which is matter of time and is a good stock with true FA value. But my technical info based on the short-term weaknesses of this stock which the "hanging man" for the candlestick indicates that there will be a reversal trend. Targeted price will be 0.825 - 0.835 before any rebounds..Again, my personal view only..not a call to sell or buy..

rgds, star-trader..

 
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richtan
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16-Aug-2009 17:26     
 
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Below is my 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 and SOBAYOR.

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richtan
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16-Aug-2009 17:22     
 
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Hi raymondho,

To post your charts, follow this steps:

1. In your chartnexus, click "File", "Capture charts", saved it to your hard disk

2. Go to http://tinypic.com/, click "Browse" and search for tat saved chart" and click "Upload now"

3. Copy "Direct link for layouts"

4. In sharejunction, click "Insert/modify image" n paste step 3 in "Image url" n click "OK"



raymondho      ( Date: 16-Aug-2009 13:01) Posted:



I try to insert chart from Chartnexus, but can't do it.

From reading of chart, I found most of the indicators show a short term downtrend:

    ADX  : 18    +DX : 28     -DX : 22    is trending down,

    CCI : 103 slipped from 163  and yet above 100, that means it will slip below 100 if no hugh vol to push up

    MACD :  0.02 is now meeting and go flat

   Stochastic : %K : 68%   %D : 79% shows down

   Friday's closing candlesticks also show a down sign.

I wonder by Monday opening Midas will surge, but the trendline (Bintang suggested) shows a resistance at 0.90

      14 days MA support  : 0.86

     25 days MA support : 0.84

Of cause, market performance on the intraday will change all firection. Midas has a very bright and strong order books

so, for middle and long term, I agree it is a gem to be polished for shinning. But daily traders, may have to keep an eye on it.

Merely personal view for sharing, hope other forumers can point out my wrong interpretation of chart.

 

  

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richtan
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16-Aug-2009 17:08     
 
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Hi star-trader,

No offence or insult intended.

I m open-minded n rceptive to others views and here to share my knowledge and exchange pointers.

Neither is last Thurs nor last Fri's candle a "hanging man" as it does not fulfil the rules below (even if it is a hanging man, confirmation is definitely required with a lower low and lower high black candle):

"Rules of Recognition" for hanging man

1 The small real body is at the upper end of the trading range.

2. The color of the body is not important.

3. The long lower shadow should be much longer than the length of the real body, usually 2 to 3 times.

4. There should be no upper shadow, or if there is, it should be very small.



star-trader      ( Date: 16-Aug-2009 16:25) Posted:



Thanks Bintang for your reply...

I have read your post previously, you are indeed full of insight and gain a lot of knowledge from you...I agree with you that MIDAS will defnitely move up to your TP which is matter of time and is a good stock with true FA value. But my technical info based on the short-term weaknesses of this stock which the "hanging man" for the candlestick indicates that there will be a reversal trend. Targeted price will be 0.825 - 0.835 before any rebounds..Again, my personal view only..not a call to sell or buy..

rgds, star-trader..

 
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star-trader
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16-Aug-2009 16:25     
 
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Thanks Bintang for your reply...

I have read your post previously, you are indeed full of insight and gain a lot of knowledge from you...I agree with you that MIDAS will defnitely move up to your TP which is matter of time and is a good stock with true FA value. But my technical info based on the short-term weaknesses of this stock which the "hanging man" for the candlestick indicates that there will be a reversal trend. Targeted price will be 0.825 - 0.835 before any rebounds..Again, my personal view only..not a call to sell or buy..

rgds, star-trader..

 
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Bintang
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16-Aug-2009 14:36     
 
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 Alert Admin 		Hi raymondho n startrader , I agreed that this counter is in short term weakness , but interestingly , if the 10MA does not provide support , then the 30 MA is always there to stop the falling price . Since May09 this trend has never fallen out of the 30MA which provides very strong support to the share price .In TA charting , only 30 days simple moving average (30MA) is  to distiguish between the upward n downward movement of the long term share price movement  .Obviously the uptrend is intact , any pulling back to the 30MA become golden  opportunity for buying in . If  Fibonacci theory is to materialize , then the price moves up to $1.05 is not impossible , for it has already crossed the 23.67% mark at 75 cents . I m not promoting this counter , until now I have not buy a single lot yet .

star-trader      ( Date: 16-Aug-2009 13:52) Posted:



I agreed with Raymond...

The On balanced volume showing towards downtrend unless big volumes buy-in to push back the price...but candlestick is showing reverse trend..

This is my personal view only.. DYODD.

rgds, star-trader
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risktaker
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16-Aug-2009 14:29     
 
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 Alert Admin 		so when the price is 0.90 then u enter lor :)

star-trader      ( Date: 16-Aug-2009 13:52) Posted:



I agreed with Raymond...

The On balanced volume showing towards downtrend unless big volumes buy-in to push back the price...but candlestick is showing reverse trend..

This is my personal view only.. DYODD.

rgds, star-trader
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star-trader
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16-Aug-2009 13:52     
 
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I agreed with Raymond...

The On balanced volume showing towards downtrend unless big volumes buy-in to push back the price...but candlestick is showing reverse trend..

This is my personal view only.. DYODD.

rgds, star-trader
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raymondho
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16-Aug-2009 13:01     
 
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I try to insert chart from Chartnexus, but can't do it.

From reading of chart, I found most of the indicators show a short term downtrend:

    ADX  : 18    +DX : 28     -DX : 22    is trending down,

    CCI : 103 slipped from 163  and yet above 100, that means it will slip below 100 if no hugh vol to push up

    MACD :  0.02 is now meeting and go flat

   Stochastic : %K : 68%   %D : 79% shows down

   Friday's closing candlesticks also show a down sign.

I wonder by Monday opening Midas will surge, but the trendline (Bintang suggested) shows a resistance at 0.90

      14 days MA support  : 0.86

     25 days MA support : 0.84

Of cause, market performance on the intraday will change all firection. Midas has a very bright and strong order books

so, for middle and long term, I agree it is a gem to be polished for shinning. But daily traders, may have to keep an eye on it.

Merely personal view for sharing, hope other forumers can point out my wrong interpretation of chart.

 

  
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Bintang
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16-Aug-2009 00:46     
 
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 Alert Admin 		Hi richtan , it does not matter , I will try to post my chart  ASAP , anyway thanks for your concern .

richtan      ( Date: 16-Aug-2009 00:10) Posted:

Hi Bintang,

I m really so sorry, I m not trying to be funny with u but I tried real hard following your descriptions and tried to trace

it on the weekly chart but still failed to see any inverse H&S  and still dun get wat u mean.

I hope u can kindly try to post your chart analysis as a picture tells a thousand words, never mind, no hurry, take your time.

I thank u in advance n sorry for inconveniencing u.



Bintang      ( Date: 15-Aug-2009 08:47) Posted:

Hi richtan , thank u again for your  posting of the wonderful chart for me , obviously it looks like a big cup . Please if u can go to the weekly chart , I draw a straight line jointing the share price on 12/12/08 to 3/7/09, we can see clearly that this line has stopped the upward movements for months , n the volume done was larger from May to Jul compare to the months before May n after Jul . So this is more or less comply to the condition of the H&S pattern . The only thing to confirm the pattern is the break-out of the line with huge volume . This is only my opinion , can you give me your valuable advice , thanks


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richtan
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16-Aug-2009 00:21     
 
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 Alert Admin 		In another words, trade like a hermit.

smartrader      ( Date: 16-Aug-2009 00:12) Posted:

Warren's guiding principle.. he will buy stocks when people are not buying.. when he sees people are greedy rushing in, he will start selling.. that's why he can always maximise his gains from the bottom price till the top, especially, he can go in big volume.



knightbridge      ( Date: 15-Aug-2009 20:08) Posted:

Hi risktaker, not need to try to explain to people of good stock to hold.. If they listen and they make, their business i dun make a single cent.. If they lose, i dun lose a single cent but get curse by them...

The only objective is to make money for oneself in investment.. If one dun sell me the stock at a lower price, i cannot sell at a higer price. If no one buy from me at a higher price, i cannot profit from it also. If u think will be $2 in the future, just avg and buy up all the way...

I also vest in midas, in march to apr i ask my family friend and relative to buy midas after doing my homework.. They say risky, times are so bad... I say china stimulus package midas 50% sure to benefit some more buying new factory... none buy also.. Now at 90 they are interested... Human are so funny, when nobody wants at low price no one wants to buy.. When the price start to run people chasing after it... Just like property... (Understand human emotion can help in trading)

 
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richtan
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16-Aug-2009 00:19     
 
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Hi rachael,

U r most welcome. we r here to learn from each other, hope I too can learn from u.

Personally, I hold a maximum of not more than 3 counters, all must be with good FA (1st criteria, a must compulsory) as wat people, good durian, one or 2 is good enuf, for me, 3 is good enuf.

 I think u r refering to Straits Asia right, which I m still holding , trading in n out though I dun post often there nowadays as time is a real constraint to me.



rachael      ( Date: 15-Aug-2009 23:56) Posted:

Thanks Richtan & Ristaker for your advise to a newbie, have taken  note to invest in 2 counters...but as for now i will still hold onto my 30lots here. I have confidence in midas even now Bintang has also given his comments here.

btw,Richtan,I have learnt my lesson and what you have thought me at Straits Trading counter so will not repeat the same mistake again...once again, thank u

 



richtan      ( Date: 14-Aug-2009 18:44) Posted:

U r right, sorry tat I did not elaborate further
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smartrader
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16-Aug-2009 00:12     
 
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Warren's guiding principle.. he will buy stocks when people are not buying.. when he sees people are greedy rushing in, he will start selling.. that's why he can always maximise his gains from the bottom price till the top, especially, he can go in big volume.



knightbridge      ( Date: 15-Aug-2009 20:08) Posted:

Hi risktaker, not need to try to explain to people of good stock to hold.. If they listen and they make, their business i dun make a single cent.. If they lose, i dun lose a single cent but get curse by them...

The only objective is to make money for oneself in investment.. If one dun sell me the stock at a lower price, i cannot sell at a higer price. If no one buy from me at a higher price, i cannot profit from it also. If u think will be $2 in the future, just avg and buy up all the way...

I also vest in midas, in march to apr i ask my family friend and relative to buy midas after doing my homework.. They say risky, times are so bad... I say china stimulus package midas 50% sure to benefit some more buying new factory... none buy also.. Now at 90 they are interested... Human are so funny, when nobody wants at low price no one wants to buy.. When the price start to run people chasing after it... Just like property... (Understand human emotion can help in trading)

 



risktaker      ( Date: 15-Aug-2009 15:42) Posted:

Well, keep on explaining and spoon feeding information is kinda tired why people dont go research ? and observe the market so that you can feel it like your own pulse. I have to go out attending party. Maybe I will reveal it today when i get back. 

I am 100% sure this share worth over $2-$3 easily.



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richtan
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16-Aug-2009 00:10     
 
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Hi Bintang,

I m really so sorry, I m not trying to be funny with u but I tried real hard following your descriptions and tried to trace

it on the weekly chart but still failed to see any inverse H&S  and still dun get wat u mean.

I hope u can kindly try to post your chart analysis as a picture tells a thousand words, never mind, no hurry, take your time.

I thank u in advance n sorry for inconveniencing u.



Bintang      ( Date: 15-Aug-2009 08:47) Posted:

Hi richtan , thank u again for your  posting of the wonderful chart for me , obviously it looks like a big cup . Please if u can go to the weekly chart , I draw a straight line jointing the share price on 12/12/08 to 3/7/09, we can see clearly that this line has stopped the upward movements for months , n the volume done was larger from May to Jul compare to the months before May n after Jul . So this is more or less comply to the condition of the H&S pattern . The only thing to confirm the pattern is the break-out of the line with huge volume . This is only my opinion , can you give me your valuable advice , thanks .

richtan      ( Date: 15-Aug-2009 00:15) Posted:

Hi Bintang,

U are most welcomed, I too learnt a lot from your postings.

No problem, take your time, no urgency.

Are u refering to the cup tat I mentioned, if it is I post below the cup pattern for your info, correct me if u think I m wrong.
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rachael
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15-Aug-2009 23:56     
 
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Thanks Richtan & Ristaker for your advise to a newbie, have taken  note to invest in 2 counters...but as for now i will still hold onto my 30lots here. I have confidence in midas even now Bintang has also given his comments here.

btw,Richtan,I have learnt my lesson and what you have thought me at Straits Trading counter so will not repeat the same mistake again...once again, thank u

 



richtan      ( Date: 14-Aug-2009 18:44) Posted:

U r right, sorry tat I did not elaborate further.

risktaker      ( Date: 14-Aug-2009 18:31) Posted:

I agree with richtan on that.

however never put all eggs in one basket referring to:

By shares not in the same category. You think u put your money in multiple construction compnay but remember your when construction is doing well all construction will up. When it falls it falls together. So You have to make sure you put money on different sector. However timing is important as well.

Anyway PM me i will tips you more :)
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richtan
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15-Aug-2009 23:46     
 
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 Alert Admin 		These are those without foresight, follow herd instinct, last to get in and first to mati

knightbridge      ( Date: 15-Aug-2009 20:08) Posted:

Hi risktaker, not need to try to explain to people of good stock to hold.. If they listen and they make, their business i dun make a single cent.. If they lose, i dun lose a single cent but get curse by them...

The only objective is to make money for oneself in investment.. If one dun sell me the stock at a lower price, i cannot sell at a higer price. If no one buy from me at a higher price, i cannot profit from it also. If u think will be $2 in the future, just avg and buy up all the way...

I also vest in midas, in march to apr i ask my family friend and relative to buy midas after doing my homework.. They say risky, times are so bad... I say china stimulus package midas 50% sure to benefit some more buying new factory... none buy also.. Now at 90 they are interested... Human are so funny, when nobody wants at low price no one wants to buy.. When the price start to run people chasing after it... Just like property... (Understand human emotion can help in trading)

 



risktaker      ( Date: 15-Aug-2009 15:42) Posted:

Well, keep on explaining and spoon feeding information is kinda tired why people dont go research ? and observe the market so that you can feel it like your own pulse. I have to go out attending party. Maybe I will reveal it today when i get back. 

I am 100% sure this share worth over $2-$3 easily.



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richtan
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15-Aug-2009 23:44     
 
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 Alert Admin 		Slow but steady, dun get heart attack, durian "pow chia" wan

Livermore      ( Date: 15-Aug-2009 20:26) Posted:

For me the problem with this stock is it moves too slow. 
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richtan
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15-Aug-2009 23:39     
 
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I fully agree with, without any slightest doubt tat Midas is indeed a gem, an yet unpolished gem to reveal its true lustre.

With China's stimulus infrastructure spending, more contracts are coming.



risktaker      ( Date: 15-Aug-2009 21:34) Posted:

I understand that :) right ..... similar experience i had.

In 2008 - I did some investment after some research

vested GoldenAgri @ $0.18
vested IndoAgri @ $0.48
vested AusGroup @ $0.11
vested Oceanus @ $0.18
vested ChinaEnergy @$0.11
vested ChinaSports @$0.14
and many more. But what did my family and friends tell me when I buy they say its too risky... different people see different things.

All i say now is truly base on my FA and Midas is truly a GEM. It will rock up very soon :) Believed or not. Time will tell. Remember to Buy & HOLD :)




knightbridge      ( Date: 15-Aug-2009 20:08) Posted:

Hi risktaker, not need to try to explain to people of good stock to hold.. If they listen and they make, their business i dun make a single cent.. If they lose, i dun lose a single cent but get curse by them...

The only objective is to make money for oneself in investment.. If one dun sell me the stock at a lower price, i cannot sell at a higer price. If no one buy from me at a higher price, i cannot profit from it also. If u think will be $2 in the future, just avg and buy up all the way...

I also vest in midas, in march to apr i ask my family friend and relative to buy midas after doing my homework.. They say risky, times are so bad... I say china stimulus package midas 50% sure to benefit some more buying new factory... none buy also.. Now at 90 they are interested... Human are so funny, when nobody wants at low price no one wants to buy.. When the price start to run people chasing after it... Just like property... (Understand human emotion can help in trading)

 
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risktaker
Supreme
15-Aug-2009 21:34     
 
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I understand that :) right ..... similar experience i had.

In 2008 - I did some investment after some research

vested GoldenAgri @ $0.18
vested IndoAgri @ $0.48
vested AusGroup @ $0.11
vested Oceanus @ $0.18
vested ChinaEnergy @$0.11
vested ChinaSports @$0.14
and many more. But what did my family and friends tell me when I buy they say its too risky... different people see different things.

All i say now is truly base on my FA and Midas is truly a GEM. It will rock up very soon :) Believed or not. Time will tell. Remember to Buy & HOLD :)




knightbridge      ( Date: 15-Aug-2009 20:08) Posted:

Hi risktaker, not need to try to explain to people of good stock to hold.. If they listen and they make, their business i dun make a single cent.. If they lose, i dun lose a single cent but get curse by them...

The only objective is to make money for oneself in investment.. If one dun sell me the stock at a lower price, i cannot sell at a higer price. If no one buy from me at a higher price, i cannot profit from it also. If u think will be $2 in the future, just avg and buy up all the way...

I also vest in midas, in march to apr i ask my family friend and relative to buy midas after doing my homework.. They say risky, times are so bad... I say china stimulus package midas 50% sure to benefit some more buying new factory... none buy also.. Now at 90 they are interested... Human are so funny, when nobody wants at low price no one wants to buy.. When the price start to run people chasing after it... Just like property... (Understand human emotion can help in trading)

 



risktaker      ( Date: 15-Aug-2009 15:42) Posted:

Well, keep on explaining and spoon feeding information is kinda tired why people dont go research ? and observe the market so that you can feel it like your own pulse. I have to go out attending party. Maybe I will reveal it today when i get back. 

I am 100% sure this share worth over $2-$3 easily.



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