Posted by andyhard > 2017-01-17 19:36 | Report Abuse

May I know how you define as accumulation from the volume of the weekly chart where there are upbars and downbars? Could it be distribution on high vol?

Posted by Ming Jong Tey > 2017-01-17 22:34 | Report Abuse

Upbar & downbar do not represent anything as they can be hidden buying or selling. Distribution usually happens at the top and accumulation at the bottom. Other hints to look for are patterns and structure.

Posted by andyhard > 2017-01-18 09:33 | Report Abuse

So, you define it as accumulation as the graph dive into bottom and it din create new low though the vol is high?

Posted by Ming Jong Tey > 2017-01-18 10:39 | Report Abuse

This is the first step to suspect an accumulation but needs to confirm by looking at the structure and pattern. Sometimes, without looking at other hints, it could be another escape wave for big boys to unload.

Posted by cephasyu > 2017-01-31 19:36 | Report Abuse

Why don't we wait for it to break 64.5 convincingly before entering?

Posted by Ming Jong Tey > 2017-01-31 22:38 | Report Abuse

@cephasyu Absolutely! As stated in my last paragraph, "Should it break the neckline, the immediate target price is 0.90". Breakout is definitely a trigger :)

Posted by cephasyu > 2017-01-31 23:51 | Report Abuse

Oh lol, looks like it was my bad for not reading properly haha

Posted by Ming Jong Tey > 2017-02-05 18:03 | Report Abuse

The game is on :)

Posted by Chris18 > 2017-02-06 15:53 | Report Abuse

Resistance at 73 followed by 77.5c?

Posted by Ming Jong Tey > 2017-02-06 17:11 | Report Abuse

@Chris18 Minor resistance around 0.77 followed by 1.0