Calvin is 100% PMCorp. But I reckon he has some logic although he's focusing on the benefits of chocolate. Others just promote their stocks with any basis at all.
inwest88...dont chase it...it was a failure,technical term,when it failed to sustain abv 0.32 for test at 0.36,0.38 levels..must be some reasons we dont actually know.Its from the chart pattern that is telling us that something is wrong.
I belived it just tested 285 yesterday and failed to break. Today start to reverse with a strong bullish green candle. At the moment it's 285 (and i believe it will close either 85 or 290).
My immediate TP is 350 and some chance for a slight higher because normally uptrend should have higher lows and higher highs.
As I am a newbie myself, can any experts/otais give some comment about the latest development? Thanks
LOW Risk Trade, don't miss the train!! Reasons I bought this stocks just now:
1. Overall trend is going up. That means the chance it will continue to move up is higher after failing testing the resistance. It just failed, yesterday at 275. Today it's already bounced up and will close GREEN!
2. Fundamentally, this is a good profit making company. Last few months already announced two big contracts won. Check yourself to believe.
3. The TA signal shows oversold (stochastic <20), bullish harami (yesterday and today) and being supported by Moving Average 200 days.
3. Next TP will be 0.320, then 0.35 after a few weeks.
4. Don't rush into high risk counters only to lose sleeps (and tonne of money), swing trade the low risk counters like this for peace of mind and preditable profit (although not giving chance of winning big, but also less chance of losing big).
Finally, trade at your own risk!! I am just sharing MY REASONS to buy this type of counters, and am not asking anybody to follow.
maymyk, they cld be accumulating their buying throughout the day so the brokerage fees worked out to be the same.. i don quite understand the use of this strategy though cld be professional traders' signal??
CT, good morning. Looks like these few days are good for you. Congrats. I am waiting to unload my WA anytime. Looks like it's creeping up slowly again !
maymyk, if u use MBB, they charge u RM8 per transaction below total RM4k. Above RM4, fee is 0.1% something like that.. ppl sell/buy on "1" vol is a shark signal which i notice many times but i hope i m right this time bcos i welcome shark to goreng. Without shark, this stock wont go up..
I'am not sure if only me noticing this, but the Moving Average 50, 100 and 200 are converging now. i remember read somewhere, this usually one of the signal of breaking out. Plus the Morse code of 1's which the sharks are communicating between each other, I hope the afternoon session will be a big goreng!!
The 2 days closing candles look similar which is called Tweezer Bottoms; a bullish reversal pattern.
The most effective Tweezer Bottoms must have the same characteristic like same High & Low but this pattern formed today looks bit different with one having upper tail & the other lower tail. This recalls my memory when i traded THHeavey on 230413 & 240313, Doji Tweezer Bottoms were formed, the few days later, another Tweezer Bottoms were formed on 020513+030513. With 2 bullish pattern formed, the price shot up high to the sky the following days.
I m not sure today's formation can be called Tweezer Bottoms as they have slightly different from the Rules but anyhow, we are looking forward for the answer & learn to confirm something tmr & again, we hope what we see today is nothing else but the pattern of Tweezer Bottoms.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CityTrader
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Posted by CityTrader > 2013-10-03 15:08 | Report Abuse
Inwest88, i entered 0.21.