A little secret about "goreng stock". TA is the best to catch it. I had saw it too many times.
How? Look for accumulation stage.

TA is good for almost every trade, including the company sales, and inventory control.
If you don't understand TA, stay with FA.

Just a simple minded human trying to convey a message.

Good morning to you, folks.

0.070 and 0.075 please wait for me. and don't go away.

JoshuaMS7, collect from my customers. Hope no posted dated cheques. CNY collects cheque session. ;)

bye and need to go out now!

enough of hints. I am signing off and enjoy my day on collecting cheques.

knowing the current oil situation... if you are a fund manager, will you collect silently or making noise?

These 2 countries, India and China, are big enough. They increased the oil consumption and import by more than 10%++ lately (I forget the actual percentage)

Forumers, please read the oil news carefully. Once you understand the current situation, you know what to do with you investment.

http://www.cnbc.com/2017/01/16/asia-pacific-oil-production-declining-at-record-levels-wood-mackenzie.html

Oil production in Asia-Pacific is declining at a rate not seen elsewhere in the world, with around half of losses coming from China alone, Wood Mackenzie has warned.

http://www.wsj.com/articles/for-shale-drillers-rising-oil-prices-also-come-with-rising-costs-1484575201

For Shale Drillers, Rising Oil Prices Also Come With Rising Costs
Much of shale firms’ savings during downturn came at expense of oil-field-services firms, which aim to raise prices

https://www.bloomberg.com/news/articles/2017-01-17/china-s-inescapable-oil-slide-is-a-record-breaking-gift-to-opec

Leoleo, 2nd wave is where those missed the 1st wave. 2nd wave going sideway or \/ or \/\/ is where accumulation occur for the run up to 5th.

Enough of waves.
Have a good day to you, folks!

Leoleo, understand the meaning wave 3, why the inner wave(1st wave is important). This where those don't want to miss the boat. Refer to my the 5 waves information.

the current 2nd wave still remain doing /\/\/\/ until when!

you need to break the inner 1st wave to confirm the 3rd wave...estimated about 0.085/0.090

don't forget, all target prices are based on assumption. It is all depends on the company, current market news, and what ever nonsense.

@xcraft, easy.
assume the 3rd wave start 0.07 and based on LeoLeo calculation and assuming the 3rd end at 1.618 height @ 0.145 (assume it won't extend higher, if high, good)
Now you have the start @0.070 and end @ 0.145
Now base on Elliott wave of 5 waves ratio, you can easily calculate those waves TP.
Just x / + - =

Leoleo, almost forget. If 3rd wave start, start counting the small wave. 3rd wave has additional 5 small waves to form the 3rd wave.

Well, everyone is insane, nuts, and crazy including you, MrRoy. Welcome to Sumatec. ;)

Ah! Everyone is following oil price and news. You all forget that manure does give gas. Gas price is up because of winter.
Hint: last few quarters, profit on fart gas.

Good morning to you all. No more learning.

Leoleo, remember this.

A wave inside a wave.
Main wave can have intermediate/minor wave inside of it

Do some research in google to find out more. Once you understand the meaning, ..., a good cup of coffee on you.

Leoleo, remember this. once 5th wave end, you need to see the overall trend. Can the 5th wave classify as the main 1st wave? That is another topic in near future ...

"Wave 2: Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% (see Fibonacci section below) of the wave one gains, and prices should fall in a three wave pattern."

Sound like all disappointed Sumatec investors, traders, contra player, and putters in this i3investor.com forum

from https://en.wikipedia.org/wiki/Elliott_wave_principle

Wave 1: Wave one is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.

Wave 2: Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% (see Fibonacci section below) of the wave one gains, and prices should fall in a three wave pattern.

Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.

Wave 4: Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three (see Fibonacci relationships below). Volume is well below than that of wave three. This is a good place to buy a pull back if you understand the potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend.

Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received).

Leoleo, 2nd wave formation. It can be a simple or complex one. You need to watch out for "complex" wave form which is like \/\/\/\/ or side way. Once you see that formation. Identify and recalculate another set of TP for that wave form which also maybe a bull trap or bear trap. The original 2nd TP remain and can change(market or company news). If 2nd wave break down and pass the 1st wave, a new(bearish) formation.

Using Fibonacci and Elliott wave for a trading or calculation of target price, is just a projection or prediction. All calculation can be easily fault as price and volume is all base on human sentiment or behavior, and world or company news. It is just a guide line and are subject to change.

Leoleo, yes and close to it, this is how to calculate TP using Elliot. 1.618 higher value, an extended 3rd wave

use 0.618, 0.382, 1.618

The 2nd wave 1st support TP use 0.382, 2nd support TP use 0.618, ....

Leoleo, simple Fibo calculation. If you had read my comments for last few days about waves, you will know which wave Sumatec is in. Hints already given.

Have a good evening, and me, time to sleep.

About 0.065/0.070 possible start of 3rd wave soon. On behalf of 0.070 and 0.075 buyers, thank you to all sellers that sold. If sellers still want to sell, please do so. We always welcome lower price. If sellers are smart, you should be thankful to those sellers that assist the buyers to accumulate where we can start the 3rd wave sooner than expected. How soon? Only God knows when.

@strategisst and FX Lee,

I am signing off, eat, and then sleep. Only slept for 4 to 5 hours for 2 days.

Have a good evening and relax.

If the waves are not strong, the other smaller may have the strength and can easily neutralize it.
That 49.5c is 5th end. Possible of reaching there? That I can't say. Wave can terminate at anytime. Yes, you need 5 waves. Don't forget, possible fault of wave.

Elliot wave is good for setting target. Wrong calculation of wave can really go against you.
That is why, I have other indicators, oscillators, and my own custom formula(based on bollinger+elliot wave+fibo+price+volume) to catch the peak+bottom, accumulation+distribution.

The 2nd chart, 1st graph, steep down=distribution. When it happen, or whenever I see 4 lines(different period or colors) mix together, I will be damn careful.

The above are my simple humble opinion. I can be wrong.

"Invest wisely and always have some reservation for yourself when reading the comments from unknown human being in the forum including this NoManLand."

@strategisst and FX Lee, wrong move, Amsterdam is waiting for you.

Please be careful.

FX Lee, Depends. Wave within a wave

Based on 8%, is the 1st just ended. possible tp 32/33 area
Based on 13%, is 3rd, about time. tp 0.395 end, next is the 4th wave drop(depend on 2nd wave ratio).
You can figure it out.

FX Lee, 1st wave completed. Now on 2nd wave.

Calculate the TP = current close(or high) - (0.618 x the height of 1st wave)

All the best to you all.

I won't be updating the chart.

Have a good evening and invest wisely unless you like high priced Amsterdam's red light district.

only heng pn67

ifcamsc's closing, no good. will update the chart later. today price more like trapped at high and being dispose by some smart alex.

@alex3388, how is life? Me, damn busy with project. Only today a little bit relax.

@suma_tec, you are just a pure idiot. I am not going to waste my time on this piece of manure in the Sumatec forum. Please get a life before simply shooting blank point of view.

From Jokerland aka Pukiland aka Nomanland

"suma_tec eff you then eff u lol. cant take it then dont comment joker.
16/01/2017 16:03"

@suma_tec, you think you can eff me for free. What a pure idiot.

"suma_tec jokerland getting all sensitive here. seems like a stressful day huh..or shall i say years lol.
16/01/2017 15:46"

whoa! sellers can not take it and start blaming this No Man Land or Pu Ki Land. Hmmm! Yes. The place at Nomanland is basic land without man. Therefore, only female species on the land. Suma_tec, you are welcome to the pukiland provided that you pay up front. He he

@suma_tec, well, if you are selling, then sell. what a piece pig manure. I am still holding since 2014. If you are just a newcomer, get the eff off my tail. Did I step on your tail, effer!

"suma_tec pukiland trying to reverse psychology everyone so he wont lose more money lol.
16/01/2017 15:29"

the 2nd chart, 1st graph, is good for catching the peak and distribution. or bottom for accumulation.

the 1st chart, 1st graph is similar to the above
the 1st chart, 2nd graph, Bollinger Band % and wide.
the 1st chart, 3rd graph, dissected of the 2nd graph and to identify the direction.
the 1st chart, 4th graph, Elliot wave count and signal. /\ = up \/=down

Sellers, please help me to complete the 2nd wave on my chart. I will let you know when the 3rd wave will end.

Why not, we the buyers, just open the 0.07 and 0.065 gates. So, we can guard the 0.060 gate from attack. It is cheaper to defense. We are the defender of lower price. ha ha

Yo! Sellers, why holding back at 0.075. We don' mind if you can sell at 0.070. We just buy it.
If you all, the sellers can really hold, then clear the top 5 Best sell. So we can see the 0.100+ number. We missed the 0.100+.

TSHS has no choice. He screwed the Bitumen plant in Kuantan. His reputation...suck.

So, TSHS you better know what to do with your name.

"When a person with a reputation and before retire or kick the bucket, he or she has to maintain his/her pride, name, reputation, and legacy. He/she has to do what in his/her ability/power to retain it. Once everything is in order, he/she will retire peacefully with all the pride, name, reputation, and legacy.

Think about it.

Have a good evening.

p/s: TSHS has no choice.
15/01/2017 19:56"

When a person with a reputation and before retire or kick the bucket, he or she has to maintain his/her pride, name, reputation, and legacy. He/she has to do what in his/her ability/power to retain it. Once everything is in order, he/she will retire peacefully with all the pride, name, reputation, and legacy.

Think about it.

Have a good evening.

p/s: TSHS has no choice.

Nelson Chua, if you look current situation, sellers are fishing the buyers. Now, buyers need to have a certain pride. We, the buyers, want lower price. So, sellers, please sell it us lower.

If you read the recent announcements, actually, it is a good news and lots of investors may had misinterpreted. And the current oil price, still in January 2017, too early for moving or breaking the 60. Sometime in Feb or March, we may see 58 to 63 range.

Hint: during summer in S.Arab, they use lots of oil to generate electricity.

I prefer buyers just open the 0.07 and 0.06 gate, let the sellers(panic sellers) sell. If the sellers still don't want to sell, well, that is another story of buying.

@HYG, are you from Brisbane, down under?

@HYG, as mentioned in my comments before. I don't go for TP. But will calculate once I get the certain wave confirmation.

I am counting on Elliot waves form. The 1st wave(possible ended). I really want the sellers to help out to complete the current 2nd wave.

Sellers, help us out, sell faster.

@Leoleo, if sellers want to sell, let them sell. I don't mind to accumulate at lower price again.