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2 months ago | Report Abuse
Holding all the way to RM10.....no fears
Sendai today is ytls yesteryear
In technical analysis, a pattern resembling a double top but occurring over a shorter time frame can often be a false double top or a "failed" double top.
### Characteristics of a True Double Top:
1. **Time Frame:** Typically forms over several weeks or months.
2. **Shape:** Consists of two peaks at approximately the same level, separated by a trough.
3. **Volume:** Volume is often higher on the first peak and lower on the second.
4. **Breakdown:** Confirmation occurs when the price breaks below the trough level between the two tops with increased volume.
### Characteristics of a False Double Top (Short Time Frame):
1. **Time Frame:** Forms over a few days or a very short period, lacking the prolonged consolidation typical of a true double top.
2. **Shape:** Appears visually similar to a double top but without the sufficient time span to establish a significant resistance level.
3. **Volume:** May not show the typical volume pattern of a true double top (i.e., declining volume on the second peak).
4. **Breakdown:** The price may not break below the trough level with conviction or may quickly reverse after a brief dip.
### Identifying a False Double Top:
1. **Examine the Time Frame:** Check the length of time over which the pattern has formed. A true double top generally takes weeks or months, not days.
2. **Volume Analysis:** Observe the volume on both peaks. If there is no significant volume decline on the second peak, it might be a false signal.
3. **Market Context:** Consider the broader market context. A false double top may occur in a highly volatile market or during a corrective phase within a larger trend.
4. **Price Action Post-Breakdown:** If the price fails to sustain a breakdown below the trough level or quickly reverses, it may indicate a false pattern.
### Implications and Strategies:
- **False Double Top Detection:** Use shorter time frames to detect the false double top. If the pattern appears over a few days, be cautious about interpreting it as a genuine reversal.
- **Avoid Premature Decisions:** Wait for additional confirmation, such as sustained price movement below the trough with increased volume.
- **Alternative Patterns:** Consider the possibility of other patterns, like a temporary consolidation or a small head and shoulders pattern, which might better explain the price action.
- **Use Additional Indicators:** Complement the pattern analysis with other technical indicators like Moving Averages, RSI, or MACD to assess the strength of the trend and potential reversals.
By recognizing the differences between a true double top and a short-term false double top, traders can avoid premature conclusions and better position themselves for accurate trading decisions.
2 months ago | Report Abuse
This will fly like Greatech in 2019
2 months ago | Report Abuse
**[Title: Prime Minister's Address on Wesak Day]**
**Prime Minister:**
Ladies and Gentlemen, esteemed citizens of our beloved nation,
Today, we come together to celebrate Wesak Day, a momentous occasion that holds deep significance for our Buddhist community and resonates with values that unite us all as a nation.
Wesak Day commemorates the birth, enlightenment, and passing of Lord Buddha. It is a day of reflection, gratitude, and compassion. These virtues are at the heart of Buddhism and serve as guiding principles for harmony and peace in our diverse society.
As we gather to honor this sacred day, let us be reminded of the timeless teachings of Lord Buddha. His message of kindness, non-violence, and the pursuit of wisdom is not confined to any one faith but is universal in its relevance. In our multicultural and pluralistic society, these teachings encourage us to embrace our differences and to celebrate the rich tapestry of cultures, beliefs, and traditions that make up our nation.
Today is also a time for us to reflect on our shared values and aspirations. The principles of compassion and understanding can guide us in our interactions with one another, fostering a spirit of unity and mutual respect. In our daily lives, let us strive to practice these virtues, ensuring that our nation remains a beacon of tolerance and inclusivity.
On this Wesak Day, I urge all citizens to take a moment to engage in acts of kindness, to extend a helping hand to those in need, and to contribute to the well-being of our community. Whether through volunteer work, charitable donations, or simply offering a smile to a neighbor, each act of kindness strengthens the fabric of our society.
As we light the lanterns and offer prayers, let us also remember those who are less fortunate and those who face hardships. In the spirit of Wesak, let us reach out to them with compassion and support, embodying the true essence of this sacred day.
In conclusion, I wish our Buddhist community a blessed Wesak Day. May the teachings of Lord Buddha continue to inspire us all towards a path of righteousness, peace, and harmony. Together, let us build a nation where every individual, regardless of their faith or background, can live with dignity, respect, and a sense of belonging.
Thank you, and may peace and joy be with you all.
---
**[End of Address]**
2 months ago | Report Abuse
Mood too euphoric now....let klse calms down
2 months ago | Report Abuse
Still holding all my tickets tightly. Not selling TG until another UL
2 months ago | Report Abuse
Net cash & earning like Kretam 100%; but price double, how?
2 months ago | Report Abuse
I sold all then, but bought back 0.825 last week
2 months ago | Report Abuse
...are asking ppl to chase high & over goreng your overbought tech stocks
While you're throwing to them to reload cheap palm counters!!!
2 months ago | Report Abuse
Yup. To make millions, it's time in the market that works in the long run......
2 months ago | Report Abuse
Yup. The best time to buy when vstec below 2.50 recently. Second best time is now....
2 months ago | Report Abuse
Ok ok.....coming back after wesak
2 months ago | Report Abuse
TQ for helping to break the blocking walls. Shall climb higher in the next one month
2 months ago | Report Abuse
Finally back here after selling above rm2 years ago....
2 months ago | Report Abuse
If high why they need to hire promoter Calvin?
2 months ago | Report Abuse
Wesak holiday week...I wait for next month
2 months ago | Report Abuse
Aiyo.....got tricked by LTH selling
2 months ago | Report Abuse
Guys, just close eyes add/buy........................throw in your underwear, socks and handkerchieves
2 months ago | Report Abuse
Let's keep singing:
If you miss the train below 1.00 you'll cry for your life time........You can hear the whistle blow a hundred miles & wait for another decade to buy below one
2 months ago | Report Abuse
Guys, just close eyes add/buy........................throw in your underwear, socks and handkerchieves
2 months ago | Report Abuse
Huat ar...................
Let's sing
If you miss the train below 1.00 you'll cry for your life time........You can hear the whistle blow a hundred miles & wait for another decade to buy below one
2 months ago | Report Abuse
Very strong resistance at 0.95- looks unbreakable
2 months ago | Report Abuse
Guys, just close eyes add/buy........................throw in your underwear, socks and handkerchieve
2 months ago | Report Abuse
RM1.00 coming....................................
2 months ago | Report Abuse
Very strong resistance at 0.95- looks unbreakable
Stock: [HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD
2 months ago | Report Abuse
Shall be back here soon.....hehe