Latest Forum Topics / Synear | Post Reply |
SYNEAR - PUNT OR INVEST!
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oceanblue
Senior |
24-Dec-2007 10:06
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Appear in the top volume now. There is quite a lot of buying up. No surprisng given that this has been oversold from more than $2. |
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techsys
Master |
22-Dec-2007 20:13
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Hi bro, if you want to short, just get CFD first. Play safe .. don't gamble here we are trader ... |
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idesa168
Elite |
22-Dec-2007 13:05
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Hi Quah, yes we were the unfortunate one to have shorted SYNEAR on Friday, but both of us were lucky to have covered back with little loss. We are not Nicky who is expert in SHORTING, who always win in this game. I was infact thinking it will go to 1.47-1.49...hehehe, hence at 1.56 I did not want to bail out yet...well loss lah....Monday will be bullish day since DOW closed 200pt above, and trading is only half day on X'mas eve, so whatever gain from bullish mkt will be sustain throughout the 3 hours. My take is SYNEAR to trade around 1.62-1.64. |
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CWQuah
Master |
22-Dec-2007 09:32
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Hi Idesa168, Same here, I tried shorting at 1.57 after the upmove seemed 'choked' at this resistance and confirmed its downward move. Was expecting to close out the position around 1.53 because of a previous support. Monitored it for some time, it got stuck at 1.56. Exited at same price 1.57. I think the sentiments in China/Hong Kong gave Synear the additional boost to go up then (remembered that Shanghai and HSI were up more than 1%), so this round, very lucky to get out zero loss excl. brokerage. I think Monday will be a bullish day for this counter (not an inducement to trade though, pls double check the techs/FA), given DJIA's exceptionally 'dipless' advance last night. It's quite rare to see an index just pierce and stay above a certain support level the WHOLE trading session with almost no swing at all. But it's a half day trading so let's see how things work out. The market always has some room for surprises. |
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techsys
Master |
22-Dec-2007 00:19
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Hi Idesa, Nice to meet you again. All cows are on holiday this month, so milk production is kind of short. Last year, colaboration Chinamilk + Synear drive me 87% provit. So I won't miss this chance again. You know, after have dumpling, you need milk as protein to empower your health ... Since I'm not shortist, don't loss a thing .. Agree with you Idesa, but I will start collecting next week. I love to average and hold it for a while. I believe olimpic power is still there. |
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idesa168
Elite |
21-Dec-2007 23:27
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Hi techsys... your China Milk I think have no more milk already...lol! |
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idesa168
Elite |
21-Dec-2007 23:25
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I shorted this counter today, thinking that today's surge is what Quah had said, manipulated. But did not make it as the the price doesn't seem to down down after testing 1.56. So loss out a bit on brokerage and cover back at entry price @1.59... This counter is grossly is grossly oversold. Next week will be a quiet week as all FM had closed positions for year end holiday. Rebound will happen, if it comes, next year lah. So good for those who wish to take position next week as the price fluctuation will not be big. Good luck. For me, I prefer to see some assurance from the mkt before taking position. Might have to pay a little more for that, which I am fine. Wish all of you a Merry Christmas and A Properous New Year. Cheers... |
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techsys
Master |
21-Dec-2007 17:35
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Happy can help ... remember this tools is not always suitable ... You may try china milk using this tools too .. findout something interresting there .. |
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CWQuah
Master |
21-Dec-2007 17:29
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Techsys, Just tried it out. Seems like daily S1 and R2 suddenly make a lot of sense now hahah. Will be doing some backtesting to get a feel of the system's tolerance in terms of no. of bids. Many thanks for the useful tips! |
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techsys
Master |
21-Dec-2007 17:11
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Hi CWQuah, You can start using 5. Just trust in yourself. And believe what you see. I agree, most people leave this tools because they want something easy. Just click and drag and see, without need to calculate anything. But, what they do, actually let us benefit. Since all indicator is playing with human psychology to greed and fear, who can master that, will be able to have benefit from it. If you like to observe, more expensive the counter is, purer price movement will be, since the level of fear also increased. |
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CWQuah
Master |
21-Dec-2007 16:27
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Techsys, Thanks for the insight. I think pivotlevels actually are quite rarely used (I dun find it frequently discussed in forums or in mainstream charting software). Based on yr experience with Synear, do you think the 5-lvl pivotlevel works better with it (2R, 2S and one central pivot)? I'm basing this on the ATR (max abt 11-12c, it's been down to 7c b4). 9-lvl may be a bit too 'high-resolution' so to speak. |
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nickyng
Supreme |
21-Dec-2007 16:14
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hee...wah bro! seems like u seem my 5x lot SHORTING no up siah !! :P ok loh...5x only symbolic gesture lah...hee..looks like 1.60 well supported siah....say anyone into FirstRes ? looks like SHORTING signals to me liao siah :P |
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techsys
Master |
21-Dec-2007 16:12
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Hi CWQuah, Yes .. the technic is pivot level (noun) .. but as it's an action (verb) we mention it as pivoting As a technicalist, you need to know, how to use indicator. Not every stock can be signalled bu using same indicator. For example Synear is working good with by pivoting. Another sample is biosensor. This counter is better traded by RSI. More indicators you know, more counters can you trade ... |
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jackjames
Elite |
21-Dec-2007 15:38
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with your 5 lots shorting power , u want to short to 1.45? jokes of the year, but again, what u said is correct also la.. i will be very happy to collect at 1.45 , |
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nickyng
Supreme |
21-Dec-2007 14:45
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ayo...these few days window dressing for end of the yr lah.... :P BEAR trap ?!??! :P |
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CWQuah
Master |
21-Dec-2007 14:35
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Techsys, U mean pivotlvls? I think it's worth a try hehe. Synear tends to move quite a bit around its previous supports/resists. In any case, looks like Synear actually rebounding much faster than i thought, I think the techs r off target for now. |
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nickyng
Supreme |
21-Dec-2007 14:07
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come on...united we can do it !! SHORT it till <1.50 ?!?!?! hee...then everyone will be hapi...can collect at 1.45 and for those vested can avg down and buy more !! hee.....hapi ?? :P |
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techsys
Master |
21-Dec-2007 14:00
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Hallo CWQuah, I think RSI does not meet this counter. Use pivoting is more reliable. The price range is too big, indicator which use price range, can't play this one, including William R, Stochastics. Unless you can custom its parameters. Remember long range indicator may turn to lagging indicator. I love what idesa said, go to 1.47 but I will collect it arround 1.45 using my ultimate weapon. |
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CWQuah
Master |
21-Dec-2007 12:46
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Agree with Idesa168. Today's upmove from 1.50 to 1.58 looks more like manipulation. Probably an attempt to test 1.57 resistance. Remember it's a Fri also so not many want to hold over weekend for risk mgmt. MACD histogram still -ve; RSI, Stoch are u turning, but definitely still not bottomed out yet. I think the real rebound will only be next wk. If it happens, and MACD makes a positive divergence with price, buy and ride up. Support at 1.45 not tested yet. |
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idesa168
Elite |
21-Dec-2007 12:37
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Wait for 147-149. Might reach there today or tomorrow. I will be getting in if it hit. |
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