My Trading Adventure
KLCI : Bearish
CP TEH
Publish date: Thu, 21 Jul 2016, 06:20 PM
CP TEH
0 2,918
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.
Learning Corner : Stochastic
KLCI as shown this morning to my trading-group as I sold most of my holdings. As it gapped down, stochastic will be bearish.
KLCI closed below 1660 level, minus 12 points. As stochastic is above 80, we considered that as OVERBOUGHT and when it crossed, we called it bearish-crossover.
It is not what these indicators showing ... it is WHAT we do is more important. So ... it is not knowledge in technical-analysis, it is our actions.
Now ... holding cash, what is next? Wait ... wait for 1620 again? That is our strong support.
With the 1MDB coming back to haunt us, it will be safer to hold cash and wait.
TEH
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Discussions
Be the first to like this. Showing 8 of 8 comments
$: u left out one important factor.... fund recovered by DOJ will pump into bursa... all those monalisa paintings are worth a bomb now... so.. either another zigzag or impulsive waves to break 1700!
2016-07-21 20:21
Buy then sell within few days si fu?
Can i earn bcz brokerage fee also high now?
2016-07-21 20:30
$: cant expect to make everyone happy... cant expect everyone not to like u too!
做好本份就OK了!
2016-07-21 20:40
with fund recovery and return to 1mdb it also means they (US) will have to make arrest. what if the crooks happen to be some high ranking govt. officials? how will the market react then?
2016-07-21 20:47
当真 =.= ？
Posted by duitKWSPkita > Jul 21, 2016 08:37 PM | Report Abuse
In Malaysia record shown RM7-12 million enough to set the game till complete
2016-07-22 01:16
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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it's time to buy tomorrow?
2016-07-21 19:29