normally after a green long candle,next day 70% will be profit taking & 30% will continue to upsiding. So long there is no big sharks throwing, we are safe.
Today is Friday & ppl took profit & its good to note it wont fall below 0.81. I dont think it will fall kau kau unless something drastc serious happens. It may touch at 0.80 or 0.79 -50% but if it dips below 0.79, then it is not a good sign for me.
chengyee, i dont get used to buy when it is red or retrace. If i had that altitude, i wuld have entered this counter at 0.68 during its retracement. BTW, i stil got 50% with me at the moment.
Just added more at 0.85. pole has been formed, small pennant (if i dont get it wrongly) is being constructed so i expect to fly either this afternoon or tmr..
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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
8,151 posts
Posted by CityTrader > 2013-10-04 15:48 | Report Abuse
normally after a green long candle,next day 70% will be profit taking & 30% will continue to upsiding. So long there is no big sharks throwing, we are safe.