Dayang resistance @ 1.42 & support @ 1.05

AA good start today, if close higher than 1.31 today, confirm trend reversal..(remember only suitable for trading... long term still bearish)

yesterday my post:
"AA is good candidate for short term trading... today candlestick formed hammer...if tomorrow up, confirmed short term trend reversal.. I take risk to go in today @ 1.31. just see what happen tomorrow.."

AA is good candidate for short term trading... today candlestick formed hammer...if tomorrow up, confirmed short term trend reversal.. I take risk to go in today @ 1.31. just see what happen tomorrow..

yummy.... wait ... wait ... wait.... no yet... will drop more.....crude oil oversupply.......

worst case it will down til 5.15-5.10 range

short term bullish

small term bullish...

short term bullish ....

Longterm Fibonacci support and resistance level :
first support @ RM18.90
2nd support @ RM16.00

first resistance @ 21.85
2nd resistance @ 25.5


1st support & 1st resistance have been happen... this stock will down back to first support level. if can't hold will drop to 2nd support level...

@ 4.15pm, supply is more than demand..... more people selling... short term profit taking..

demand more than supply...

yesterday candlestick is doji...indecisive.. no confirmation yet...

combine both fundamental & technical analysis are the best!
price action shows in technical analysis will tell you the psychology behind...
fundamental show you company finance(Cash flow, Balance sheet, intrinsic value)
choose a good fundamental company & use some technical knowledge will improve your trade!
you will know the reason behind why it's up or down and when to enter or exit...

Remember Malaysia stock quarter reporting is lagging...those big guys already know the result before you... u are trading against pro...

technical analysis too many topics ... from basic to advance ...u don't need to learn all...
I use advance technique in today analysis... for beginner I'm not recommend it...

here are some basic useful technical analysis that will help u ( please follow sequence)...

1. support and resistance
2. trend line
3. chart pattern
4. candlestick patterns
5. moving average..
6. MACD
7. oscillator (RSI, Stoch, CCI)
8. Fibonacci level..
9. etc etc....

I recommend u topic 1 and 2 first... u must have good understanding on this first before moving further & remember to do more exercise on this topic... else u only read only ... not actual application to stock...
simple... select your 1 favorite stock & draw & sketch line on it... u will observe a lot of things...

Although today low level RM18.90 is my prediction but the candlestick still bearish, needs wait for bullish engulfing or hammer pattern for bottom confirmation... be patient...
always remember we can't eat whole fish.. left the head(top) & tail(bottom) to other peoples.. we only eat fish meat.... :)

u can too benson911 if u have some technical analysis knowledge....just search for yahoo for "simple moving average" ... u will understand why Tan Teng Boo sell most of the share....
understand the meaning behind 50days, 100days & 200days simple moving average..

this stock use 3 years time to up from RM19.20 to RM 31 but only take 3 months to drop back to RM19.20 level....

Longterm Fibonacci support and resistance level :
first support @ RM18.90
2nd support @ RM16.00

first resistance @ 21.85
2nd resistance @ 25.5

this stock will take long time(years) to recover back to RM31 level ....