Rookimy: i don't know much about bullish sign and other 'jargon word. I more believe in FA.(i believes that if i invest in the good company, although it price fall and follow the market trend but one day, market player will put it share at right postition(right price) How ever,by using a simple TA,it help me for make decision. And from a comment by our forumer's here , i look,study and react accordingly.
RikiemY: my point is although u good in TA, hope you also look in FA. combination of both is safe for us in stock market. (that what i read from Dr Othman Yong's book late 1990 ago.) by the way for short term TA is more accurate than FA.
usry: Frankly, I am not a pure TA guy. Be it TA or FA, they are just tools to help me make sound investment decision. I use both. Either way, I prefer getting the facts right, that is all. It doesn't matter which method you use, don't you think is important to get the concept and terminology right to avoid miscomunication? after all it is our hard earn money we are talking about. Just my opinion, no offence man.
please use daily chart and we can see 1.50/ 1.51 is major support/resistant for this counter that established on 8 Feb 2012. Above this price, then all safe to buy.
dear phang: I think non of us here will recommend you sell or hold even Mr.Lamken. Lamken is kind to share his info but nv advise us to sell or hold. It is in your wise decision. Happy trading :)
buy! price fluctuations matter little, if target is ipo price..min 1.90.
btw am not sifu, personal opinion only. and in fact, better not rely on others for your buy or sell action. they may have a different position from you.
Sold 90 lots at RM 1.49, take partial profit first. still holding 100 lots waiting for appetizer to come. world market especially US market already turn to bear after break the support at 12800.
For all I know, stock prices move up or down in zig zag patterns. they dun move up or down in straight line. from intraday chart i see resistance @1.49. price may retrace few cents before next attempt to move beyond 1.49. these are my observation and market could prove me wrong and i dun expect ppl to follow. since JCY uptrend remains intact, from my TA perspective, i dun see why JCY price wont advance further.
Stocker: Just curious, from where you know they will hold a press conference tomorrow? This could be the first Appetiser as mentioned by our Bro Lamken.
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....
rookiemy
357 posts
Posted by rookiemy > 2012-05-15 17:03 | Report Abuse
lol, bullish engulfing? not quite i think, but certainly is a bullish sign. see how it goes tomorrow.