thanks for your response. Based on your answer and also some advice I got from my TA friends, I decided to buy on break out. Your answer on (4) where the price will move up quickly on breakout seems similar to what friends told me. Here are their advices.

"According to my TA friends, buy on break out is important and smart move from TA perspective because it confirm the trend is still intact. For example, for Hengyuan to go RM30, it must break RM19.20 successfully. Their argument is that, it is pointless to buy if trend is over. Vice-versa, it is never too late to buy if trend is confirm intact. "

Thanks investor77. Just to add on your opinion on buy on break out. According to my TA friends, buy on break out is important and smart move from TA perspective because it confirm the trend is still intact. For example, for Hengyuan to go RM30, it must break RM19.20 successfully. Their argument is that there is pointless to buy if trend is over. Vice-versa, it is never too late to buy if trend is intact. This argument kinda make me in dilemma now.


investor77 I am not a TA xpert. Just my opinion. Normally correction will extend for a few days. Check past corrections.

It is better to buy bit by bit, rather than all at one go, meaning when price go lower,U can buy more if you are confident that HRC fundamentals still there.i.e. 3.60 eps/yr..

After all weak holders have sold, or when volume done is less, then price may slowly go up bit by bit. This is reversal, and the trend is bullish if higher highs and higher lows. Confidence takes time to rebuild.

The other method, buy on break out means buying when it is higher than 19.20, which to me is not so smart as you are paying more. If you bought at 16.30, then you are able to sell b4 it reaches 19 rgt. waiting

Actually, many waiting for correction as they missed the boat. To me, this selling gives opportunity for many to enter at a low price. We wont know when is the bottom before it goes up, we just have to risk it. Using candlestick or other chart patterns like a hammer,plus confirmation will be good.

For those buying Call Warrant, please check the premium. Some CW are ridiculously high, and some are very low and a bargain as it is pushed lower by the IB.
31/12/2017 17:58

Any TA sifus can advice on HengYuan chart here?

1) Is the trend reverse?
2) Can I buy when the price go lower?
3) Can I buy if the price rebound?
4) Or should I wait for the price to break new high before buying?