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2015-12-03 09:53 | Report Abuse
Friday opening price at 0.155 but Thursday closing price at 0.140. Imagine everyone buy after the PN17 lifted news. So, last Friday whole day everyone is buying at price 0.155 or above. There were 3 types of buyers in this case:
1)Most of them are impulsive trader who just want a quick buck so they will sell before T3/T4.
2)A few of them bought to top up their existing lots which they previously have bought some below 0.140.
3)A small amount of new investor who bought for long term.
Hence, further evaluation will be like this:
1) People in group 1 will sell on T3 or T4. Their lowest entry price is 0.155 so they will try to sell it above 0.155.
2) People in group 2 will keep their stocks and aim long term.
3) People in group 3 will also keep their stocks and aim long term.
So, a simple mathematics evaluation will show us:
a) Assume 80% of people who bought post-news last friday are in group 1. Assume 10% in group 2 and 10% in group 3.
b) All these people (100%) bought on Friday at price above 0.155.
c) None of group 2 or group 3 people sell their stocks.
Result: 100% people buy above 0.155 and only 80% people sell above 0.155. That still leave 20% people keeping their lots. Also, many of group 1 people who manage to make quick profit selling before T3, may also consider to Re-enter market at their first buying price at 0.155 or slightly lower.
Consequences? That makes 0.155 a support level. I'm more conservative so I will say 0.140 - 0.155 is the support level, because Thursday closing price is at 0.140.
2015-12-03 09:14 | Report Abuse
Yes! my big lot buy order triggered at 0.155! Drop more = opportunity to buy at lower price!
Guys, be aware that this morning is T4 final day. Many who bought contra post-news (last friday) will need to sell by this afternoon. So, let see if the price go back up after lunch break today.
2015-12-02 16:43 | Report Abuse
No, Wei Jie, it is not going up on Friday nor any other day. So I suggest you quickly sell it now while you can! Let other trader who have stronger faith to buy it back from you!
Try other counter/stock which you have better faith!
2015-12-02 16:14 | Report Abuse
Wei Jie, see my previous post. Today is T+3. Tomorrow is T3+1 or T+4. Some broker give T+4 instead of T+3 so tomorrow could be some contra selling too.
Whatever it is, just have faith on CSL! I have been holding this share since a year ago when it was bouncing between 0.07 and 0.09. 1 or 2 days not gonna stop me from holding it longer.
2015-12-02 16:04 | Report Abuse
My broker gave me time to 2pm max only.
Anyhow, I expect bullish return on Friday! Hooray!
2015-12-02 15:30 | Report Abuse
Please someone sell more at 0.160 please! I want to buy at this price! :D
2015-12-02 15:22 | Report Abuse
Last Friday the PN17 lifted announcement day is Day T. So Today is T+3. Tomorrow is T3+1. I expect price range bounce between 0.155 - 0.170 until after tomorrow. However, it is still a good entry at 0.160 given that the price will DEFINITELY reach 0.190 within the next 5 days!
2015-12-01 17:38 | Report Abuse
Wei Jie, lets aim 0.19 first which I believe will be in this few days. It's from my analysis based on daily chart.
If aim 0.21-0.24, from the weekly chart it may take 1 or 2 more weeks.
2015-12-01 17:28 | Report Abuse
Today is T+3 but tomorrow afternoon is the actual final day. So more sell may initiate by tomorrow morning IMO. However, I could be wrong because if the sentiment of the market is very positive, then more buyer will rush in and push the price higher!
Looking at the chart, short term TP should be 0.21-0.24, where the 2013-4Q and 2014-1Q high. So there should be more space to move from today's closing price of 0.175. I think I will need to consider enter the market first thing tomorrow morning.
2015-12-01 16:00 | Report Abuse
I believe every breakout will meet immediate push back for a day or two before it resumes the breakout. Post-news breakout level was 0.155 and pre-news breakout level was 0.140, which set the support level for late buyer to enter the bullish market. That's why I'm waiting for it to "retrace" back to 0.140 - 0.155 level before I enter the market. Stay tune!
2015-12-01 10:11 | Report Abuse
yes! drop drop drop! back to 0.155 to give chance to people who are late to enter market!
2015-11-30 12:16 | Report Abuse
Added another 2500 lot at 0.15, totaling 7500 lot of buying order! Please go down! please do down!
2015-11-30 12:05 | Report Abuse
I hope it won't break 0.17 and got push down to 0.14-0.15. Because I have a big lot of buying order at 0.15! Please CSL, wait for me!!! :/
Stock: [CSL]: CHINA STATIONERY LTD
2015-12-03 10:00 | Report Abuse
JN88, you dont need to pay tuition fee. Just remember what cause the up and down? It's the supply and demand! Supply > Demand = Down; Supply < Demand = Up. So now, quickly go check the (Best Sell) and (Best Buy) quotes, and see how many lots are on sell and how many are on buy.
Advice: Do not look more than three price steps. Example, now BB and BS is 0.150 and 0.155. so the 3 price steps from here are 0.140, 0.145,...to 0.165. Count the total lots and also the total owners. If BB > BS, it has potential to go up!