a counter like this may go thru' a long consolidation (the sleeping or accumulation stage) period too until a very strong catalyst kicks in .. or until sharks come up with a great story to pump it up ???

duit ... what is your objective for barakah ??? play counter-trend (ie rally on a downtrend) or play downtrend reversal (ie in this case u need to be super patient)

aiyo why barakah on me ??? u like cuz samling and some dudes acquiring ah ??

hahaha abangadik .. i think u are currently a specialist in one type of 'play' that newly wedded couple like :)

duit .. i don't mean this article + vid are for u cuz u have passed the newbie stage !!! u have reached the pro level like it or not .. else u won't be trading the way u are doing now

i think this is a very good article plus video explaining at which stage of the market phase a new player wants to focus on !! in the long run, one will have an edge playing out a consistent strategy and then slowly branching out from there ... let the very pro handles all market phases :)

http://www.tradeciety.com/4-steps-for-building-a-professional-trading-strategy/

ok ok duit ... i am still rather overwhelmed with your game plan :) thing is u cover ALL phases of trading PLUS investment !!

1) breakout u play
2) counter-trend u play
3) bottom fish u play
4) uptrend pullback u play
5) range trade u play
6) keep for investment u play

duit .. why u don't just keep simeprop ?? ie ignore the short-term movement !!! u shud cuddle n huddle all your sime babies cuz u know best ??? but sunzen / 'h' (cannot mention LOL) u have so much patience ??? can't be u know these more than u know sime right ??

very true rchi ...

rchi ... your reading of sharkie's mind proves to be a lot more effective :) unfortunately not many can reach this level !!

abangadik merry xmas .. not surprised cuz his charts are professional standard :) amazing how he can count the detailed subwaves !

perhaps 137 is landing pad for the kaboom effect :)

yes rchi .. definitely the potential to soar is there !! hourly chart is just to gauge short-term price action

can't see much from simeprop daily except for a spinning top now ... not confirmed till closing ... if we drill down to hourly, then we can see more stuff ... like a negative divergence whereby price went higher high but not the RSI ... so, price may retest 1.37 ... we have to see the downward trendline on RSI being broken for more upside ?? any comment ?? perhaps TA no effect cuz still need to achieve the intended total cap (is it 61bil 3S combined ?)

https://invst.ly/62nhy

duit, merry xmas and happy shopping for all your barang-barang rumah :)

hahaha duit .. not a bad idea to have two sets of count just so one is prepared to attack whichever direction the price goes !! after all trading is never a CERTAINTY game but merely a PROBABILITY play :)

excellent hawk !! congrats

duit .. the main board transfer news does not seem to excite investors n traders to buy your 'o' counter !!!

what our twobits now likes different flavour ??? ie the she-male ???

btw duit .. yes twobits' charts getting more n more sophisticated !! he did get inspiration from patong beach to count his waves :)

hehehe duit ... on hindsight everything seems so easy !!!

u shopping xmas presents or hunting different stocks / futures / metals / crypto from different platforms ?? :)

duitttt ... u also do xmas shopping eh ?? i am still not done yet !!!

hmmm hawk my UTL did not manage to stop the price from advancing !! if price manages to stay above this TL, then your target is achievable yes ? nevertheless, let's wait for candle close .. perhaps later give us one long legged bearish pin ?

https://invst.ly/62me4

oh finally broke the backside neckline ... if i use precisely the last swing low at 1708 then target shud be 1728 - 1708 = 20 => 1728 + 20 = 1748 which is exactly the same as twobits' TP :) aiya let's round it up to 1750 !!!

Nov 30, 2017 04:23 PM | Report Abuse
on 1H CI chart we can see perhaps a double-bottom has formed .. if price can break the neckline resistance and using classic formula to compute target will be :-
1728 - 1710 = 18
1728 + 18 = 1746 which is between 10EMA and 20EMA of weekly

zen ... daily can see :-
1) price northbound journey is hampered by 200EMA
2) formed a broadening wedge

weekly can see :-
1) 20EMA crosses below 50EMA (cud be a sign of imminent trend reversal)
2) price respecting 200EMA ie price seems to bounce back up from this level

conclusion :-
1) if price on daily breaks the lower boundary of the wedge, then very likely price is heading towards the 200EMA level on weekly
2) look out for bullish reversal candle at this point
3) in the event that price goes below the 200EMA on weekly, then u gotta be more cautious !

https://invst.ly/617f1

duit's simeplt is also doing great !!

but it's good money for the weekend !! congrats hawk :)

eh hawk .. reached your target already ??

wah hawk your hsi !!! i 6c6c price action when it hits the TL ... let's see if your 5 ext is on or not :) this is fun to observe not the apa-apa margin of safety or fair value or tax assets !!!

hahaha go go go sapura energy for our pretty lady :) strong enuf or not the rally for kfc lunch ?

ya rchi .. some GAP DOWNs can be horrendous !! at this point all fundamentals have changed ... investors have no more confidence ... but the TA folks hehehehehe catching falling knife to earn KFC lunch :):)

FA folks can argue until the cows come home what the fair value is; all seem to have valid and solid reasons ... TA folks don't really care how the price moves up so long as it goes north be it goreng by sharks or bonus issue or share split or transfer to main board or just hire a sexy CEO etc etc

yes TRADERS, let's have fun and at the same time make some money .. the complicated stuff that is not so fun let's leave it to our FA frens to sort it out :)

duit perhaps he is not an investor by strict definition but merely a longer term trader. given that he is a trader why bother to think for the owners. the main objective is to make money; the sooner the better. don't see anything wrong with his proposal if this is a catalyst for price to soar at the shortest time possible.

i organize e-meeting .. not just waterfall but niagara falls :)

but there is one setback for the long-haul ones .. yes, they can weather the storm created by corrective waves 2 and 4 but if their beloved counter has peaked at wave 5 then they have to brace waves ABC which can be darn painful :(

duit ... they take great effort to study the business / crack spread and what-nots !!! aiya gila-gila TA peeps only need to know chart patterns / candlestick patterns :)

rchi dear .. don't know got time or not .. this time of the year very busy shoppin' for xmas gifts !! but if u win BIG BIG, sponsor me some gifts :)

TA folks are simple peeps ... enter price / target price / cut loss price !!! as simple as ABC :)

duit .. but ps do not mix-up FA versus TA cuz both have different objectives / targets !! even if price drops to 9.6, so long as ALL the whatever figures remain buoyant, there is no need to question the integrity of the FA frens cuz they are going for long-haul yes ??

hrc is hengyuan ?? drop to 9.6 ?? nevermind we have a tycoon super investor to support price :)

eh sorry hawk ... shud be UTL !!! i am dreamin' :)

https://invst.ly/60skm

eh duit ... maybe itu apanama really has a strategy that works best for him !!! we don't make fun :)

at least the two cheeks look more proportionate now ! LOL

https://invst.ly/60sjm

wah hopefully genm can help break the backside neckline :)

noted with thanks hawk ... will see how the price action progresses once the DTL is tested ... too early to predict anything now :)

Posted by skyhawk > Dec 7, 2017 01:51 PM | Report Abuse
Connie.....u will see a clearer picture when u add in the ema100 n the clouds . The projected downtrend targets will not happen as it will break the fibo rules. Hsif is now on major wave 5 extensions with a target at 31546.....see if u can work it out :):):

noted duit .. not sure if u invest / trade mah ??? so, bonia for trading :)

errr one thing to point out .. the hsi chart (if anyone is looking) i posted early and the strategy stated is only good if one is trading futures i guess ... cuz for our local put/call, it may not be suitable due to the don't-know-what decaying effect if one holds too long ??

oops sorry duit :) ok ok wont mention again !! errr can i talk about bonia then ???

duit .. what about your handal ?? erased from your investment list already ??