My Trading Adventure

Waterfalls Watch

CP TEH
Publish date: Sun, 07 Aug 2011, 12:21 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.


'Alam(ak) : I bought her at 0.90 but due to bad market sentiment, it refused to move high and sold at 0.92 level. Due to market dive on Friday, it is back to 0.88 level for the third. So, shall we move in? Well, check on the parallel lines drawn when it went down. It is steep ... the third downtrend line drawn and I dont like the not-so-steep line. Buying is riskier at 0.88 now.


Coastal : RSI 27.6 ... oversold. Toched 2.24, closed at 2.30. Looking at 2.16, MA200 as support.



Magna : The above is a weekly chart of Makna ... err ... I mean, Magna. It has broken 0.90 and checking on 0.825 next. What we need to observe is the volume ... if there is a divergence in price-volume, we could consider buy at the support. With RSI(14day) at 23 level, it is oversold. Another huge dive should give us the sense of greed to buy.



Masteel : At strong support 1.15 level and to consider her again. PE around 9, PB 0.5. RSI 35. All indicators pointing downward and a break of the current support will be critical.  



MAS : Reversal in the making. Tony owns 20% now. So, watching for a good run from here?
12.45 am : I am very tired as I do have classes from 8.30 to 12.00 then, 1pm to 3pm before I came back to rest. I have my cohort-2 class just now tho only 3 'students' to start with. It was supposed to be two-hour session but dragged to 3 hours and extra chit-chat. Hmm ... tiring.

Well, I will see if there is a continuation of the classes. Not all are as determined as me and might 'drop-out'? Tmr I will have to prepare some home-work my these 6 + 3 = 9 students of mine.

7.30 am : Sunday morning ... time to be with family today.

10.40 pm : Man City is leading 2 - 0. Surprising, MU's keeper blundered the second goal. I am too tired for anything and tmr will be another busy day.

11.00 pm : MU pulled 2 goals back and equalised. Nice.

Have a nice Sunday.

TEH
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