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TechOil&Gas Squeeze
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sim_ke
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16-Apr-2007 09:49
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rayphua, TOG is indeed very "squeezed" today leh! Will try to hold on for another day or 2 before deciding on some profit taking.... Cheers! |
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sim_ke
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15-Apr-2007 09:05
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rayphua, will take note of ADVSCT neat term target and thank you very much for that. as for FungChoi, you had pointed out that it has climbed (with your buy positions) from 0.62 to 0.69 for past 2 trading days, and with the stop @0.66, i will just set my personal target to be 0.75 if managed to get some on monday at 0.68. If it gaps up on monday, will just have to let it go, for now. Cheers! |
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rayphua
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15-Apr-2007 02:02
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sim_ke, not a guru, I experiment with a different bunch of indicators and found this to be fairly reliable. AdvSCT had 3 signals in the last few months. Mar 21, Jan 19, Nov 16. Anyway target price is supposed to be 1.10, with 0.90 in the short term. Good luck with Fung Choi, just remember that it's been 2-3 days in a buy position. |
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sim_ke
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14-Apr-2007 22:14
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wah rayphua, very impressive and i shall call you "squeeze technique guru" as it has been proven most of the times. btw, does yr squeeze tech tell anything on advsct recently? may join u in fungchoi comes monday and good luck yah! |
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rayphua
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14-Apr-2007 16:46
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co2007, I do not normally trade with a target in mind as trades are mostly based on momentum. I'm in as long as the momentum is healthy and exit when it subsides. I guess you can call me a momentum trader, making quick returns in fairly short periods, anywhere from intra to about 15 days, with an average of approx. 3 days. Not because I am a contra player, but because this indicator I use just works this way most of the time. However I think there would be more upside as the technicals look healthy and price has broken its high. FYI, this method has caught similarly successful trades like the recent Twinwood, FJ Ben, AdvSCT, Golden Agri, StatsCHp, Myoshi, PFoods, Lifebrandz, Thakral, TTL, MediaRing, etc. Usually indicates me before any news is released, so it catches the ride fairly early. Of course it is not infallible and has made some mistakes, but I also have very tight stop losses to limit any potential losses. sim_ke, it is possible, but unfortunately it is not something that my indicator can tell me. :) But it certainly would be nice. |
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sim_ke
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14-Apr-2007 16:05
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rayphua, very interesting technique indeed. so we shall let this "storm" swirl TOG during this volatile stage and hopefully by next Wed we can see 1.00-1.05 range trade coupled with positive US Fri closing. Sounds reasonable based on your past experience with this technique I hope?? Very very vested on TOG. |
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co2oo7
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14-Apr-2007 10:23
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rayphua, wat is ur expected/target price? vested too. |
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rayphua
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14-Apr-2007 00:36
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Sim Ke, what I use is a squeeze technique that measures is basically a period of quiet before the storm. This counter has broken into "volatile" region with this surge past 0.91 cents. Based on past backtesting, it has been rather accurate, as I hope it would be similarly effective in this case. However it is mostly used in short-term trading of a few days; it rides till momemtum dies. Good luck! |
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sim_ke
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14-Apr-2007 00:02
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Interesting.... OCBC technical cautioned TOG may trend down if fails to break 0.93 resistance this morning. Now that it's closed at 0.955, convincingly above the resistance. Let's watch and see comes Monday... Vested indeed! |
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rayphua
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13-Apr-2007 15:59
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High of 0.955. Again, a very bullish break with a nice long candle. Hope to see a gap up on Monday. |
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rayphua
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13-Apr-2007 11:45
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Nice. |
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rayphua
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13-Apr-2007 10:03
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Squeeze breakout today. Anywhere above 0.90 cents is a safe bet. It has gone up by a fair bit now. Hope for a slight retracement today and buy in. Looking to vest. |
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