My Trading Adventure

Steel Sector : Bearish

CP TEH
Publish date: Thu, 28 Jun 2018, 08:12 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.
Following Message



Huaan : A weekly chart ... showing the bearish-ness ... how they PUMPED up from below 10cents ... to 60cents and MAKING the whole punter-communities in KLSE noticed them ... and some sifu-runners promoting them. Steel ke, coke ke ... China ke ... never mind. As long as it is goreng-ing up ... they will punt.

If one is a discipline good trader, we can benefit from the craziness ... when the whole steel-rallying, we trade Huaan UP. Once the stock went sideway ... and BREAK neckline, we get out. Sound simple ... look simple but never as simple.



The CSCSteel weekly chart ... showing the downtrending. Still holding? As the theme play is over, it is over. I m waiting for RM1.10 to be broken ... then only will check on CSCSteel again ... nothing to do with under-valued ... flat-steel ...long or short steel. It is about BIZ ... demand-supply, and yes ... theme-play-rally.


HiapTeck broken 35cents ... gap down this week, actually.

Protect you down-side. Think RISK.

TEH

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Discussions
Be the first to like this. Showing 5 of 5 comments

cherry88

Hi put this topic aside....Why I never see you post any positive news ?

2018-06-28 08:44

CharlesT

I believe CPTeh is suffering from depression...he only see things negatively.

Mkt crash cut loss mkt crash cut loss mkt crash cut loss

Nobody wanna join my Cohort Nobody wanna buy me free coffee....

2018-06-28 08:46

Beary

Wah sipiteh u r so good, should have been very rich by now.

How come u r still so poor and desperate hoping to con some sorchais of a few hundred ringgit?

Hahahahahah...

2018-06-28 09:30

Up_down

FF keep selling like no tomorrow but at a slower pace. That is the scary part as share prices may slide down slowly. Market liquidity is depleting gradually. Cpteh could be right in coming months. lolz

2018-06-28 09:47

SuperBest

tqs 4 sharing

2018-06-28 11:07

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