Ven Felix, never recommend a stock if you don't know a person personally. Today my broker viber me & ask do I want to buy more. Haha, either she crazy or know me too well
ha ha ha, i am master of falling knife catcher.... nice catch yesterday. Profit taken yesterday too. When i show up in a forum means i catch the knife and talking cock here. See you guy in next round. BARED HAND CATCHING KATANA .
I think there is time. There is a recovery. The initial phase will be quick then there will be profit taking and consolidation before going up again maybe taking small steps along the way. All this will take time and the market always favours the patient.
TA wise, yesterday 20 Jan 2015 closing @ 3.85 was the key reversal day for Hap Seng. If today's EOD closing is @ 4.00 or higher, it is a bullish downtrend reversal or a morning star candlestick chart pattern. This is a bullish buy set up, biased to the upside than downside.
A severe short squeeze is over due. A bullish bollinger bands breakout + stochastic hitting way below 20 indicate strong price appreciation if accompanied by strong follow-thru buying pressure. Hap Seng is extremely oversold, watch out for the hook on stochastic.
Hap Seng's resistance is @ 4.30. Price action and trading volume today indicate strong buying pressure, the short squeeze on the bears to be continued, tomorrow.
wonder why so many self-proclaimed 'value investors' are getting their panties twisted over bollinger bands and all these techno mambo-jambo. im sure they dont even fully understand them. if you need to play with charts n graphs for short term gains there are always penny stocks for you.
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....
Alfred Boon Huat
16 posts
Posted by Alfred Boon Huat > 2015-01-20 14:37 | Report Abuse
Rebounding confirmed?