transformer123

Anymore hope on this counter?

2012-08-04 12:16

KC Loh

Ooi, you got to help me, what is hipoint looking at when he said base is forming? which indicator do i look at? Thanks for the help if you are willing.

2012-08-04 12:19

transformer123

I am holding almost half million shares at RM0.11....

2012-08-04 12:21

Ooi Teik Bee

Dear Loh,

According to Technical Analysis rule, we follow market trend to trade. We will not buy down trending stock even it is forming a base. We are only interested to buy only up trending stock.

Please note that any stock is trending uptrend or downtrend 30% of the time, 70% of time it is side way or no trend. We are only interested to catch either uptrend to long or downtrend to short.

To make it simple, I need 3 indicators to confirm either downtrend or uptrend of any stock. I like GMMA, 20 days EMA and RSI.

Uptrend,
GMMA - Red color lines are above green color lines.
20 days EMA - The price must be higher than 20 days EMA.
RSI - RSI must hook up and higher than 50%.

Downtrend,
Just the opposite.

All aforesaid 3 indicators are displaying down trending signals, hence we cannot buy until all signals reversed to up trending signals.

I hope you can understand it.

Thank you.

Ooi

2012-08-04 12:41

KC Loh

i understand your indicators. But what is this base forming hipoint is talking about. Where do i notice that?

2012-08-04 12:45

Ooi Teik Bee

Dear Loh,

Base forming means the price is consolidating. Sometimes, it can take 3 to 6 months before the price can move up again depending whether this stock is up trending stock or not. If it is a down trending stock, after consolidating, it still move downward. Hence it is very important to select up trending stock to buy.

Thank you.

Ooi

2012-08-04 13:01

KC Loh

ok. Thanks very much Ooi and i am happy you had a change of heart to come back and help us all in TA. God bless!

2012-08-04 13:05

noobie

Thank you for coming back Ooi.

2012-08-04 13:10

Ooi Teik Bee

Post removed.Why?

2012-08-04 13:15

transformer123

Ooi,
Meaning to say I need to dispose my shares or hold it if based on your 3 indicators?

2012-08-04 13:29

Ooi Teik Bee

Sell. It is a down trending stock.

Thank you.

Ooi

2012-08-04 13:33

transformer123

This is my last request, I need a very clear picture as I am a beginner and believe in RC's counter like nicorp....
Is it the same with Nicorp if using your TA?

2012-08-04 13:33

KC Loh

Ooi, I have always considered you a senior in this forum. If you were not, I would not have bothered to ask the questions I did.

Maybe you are still smarting from the wisecracked of some of the forumers here. But you should consider the stance of correcting any false offerings by fake experts. Afterall, I believe a senior is to guide the newer investors. Its up to them to believe you. Time is a teacher and enforcer of who is telling the truth.

Again, take your time to reflect on what i have said. I do know for a fact, many needs your experience, me included in TA :) and I know you can build your karma here! Until my next questions hehe, please take care of yourself. Have a good weekend!

2012-08-04 13:40

transformer123

Thanks....

2012-08-04 13:56