andyhard

May I know how you define as accumulation from the volume of the weekly chart where there are upbars and downbars? Could it be distribution on high vol?

2017-01-17 19:36

Ming Jong Tey

Upbar & downbar do not represent anything as they can be hidden buying or selling. Distribution usually happens at the top and accumulation at the bottom. Other hints to look for are patterns and structure.

2017-01-17 22:34

andyhard

So, you define it as accumulation as the graph dive into bottom and it din create new low though the vol is high?

2017-01-18 09:33

Ming Jong Tey

This is the first step to suspect an accumulation but needs to confirm by looking at the structure and pattern. Sometimes, without looking at other hints, it could be another escape wave for big boys to unload.

2017-01-18 10:39

cephasyu

Why don't we wait for it to break 64.5 convincingly before entering?

2017-01-31 19:36

Ming Jong Tey

@cephasyu Absolutely! As stated in my last paragraph, "Should it break the neckline, the immediate target price is 0.90". Breakout is definitely a trigger :)

2017-01-31 22:38

cephasyu

Oh lol, looks like it was my bad for not reading properly haha

2017-01-31 23:51

Ming Jong Tey

The game is on :)

2017-02-05 18:03

Chris18

Resistance at 73 followed by 77.5c?

2017-02-06 15:53

Ming Jong Tey

@Chris18 Minor resistance around 0.77 followed by 1.0

2017-02-06 17:11