I am talking about TA, I had expressed my view. I am not interested to talk about how good is the FA. We do not use FA to enter trade, we use TA to time the entry. I am not interested to argue who is right or wrong. Let time tells the result.
I want to clarify wave count, when a stock is trending in side way movement, there is no wave count. Wave count is only applicable in either up trending or down trending. Presently, LBS is trending side way, how to talk about 3rd wave.
The price of LBS at 4.45 pm is at 1.64, the price is manually pushed up to 1.69 at 4.50 pm on 26/11/2013. Is it a real trade ? If it is a real transaction, the stock price will fly tomorrow. Hopefully, it is a true one. I also want it to be a true one. Thank you.
Agree with Mr Ooi, today's closing price could be a flash in the pan pending release of the quarterly result. However, if the impending result is very good, then the share price may move up, otherwise its downhill again.
Obviously, it is a good sign. Financial results will be announced by this week (may be). Am quite confident on it. For now, the current government moves will not impact LBS yet.
scjm3... pls keep on posting. Glad to know that you adopt a positive attitude. Adopting the right attitude can convert a negative stress into a positive one.
i love writing but this one appeared rather stressful. i wonder what the hell i am doing this in the first place and why people is so sensitive (but so am i). but then i can't control people actions but certainly i can control our reaction. anyway, i shall stay cool and continue to air my views. nothing should bother me and i shouldn't be bothered. i lead the life i want to and that is to enjoy life to the tilt. henceforth, i shall read others that criticize me (it is a free world afterall) but there shall be no response or comments from me. i reckon that would be the ideal situation for me.
Ans : I am not criticize you, I express my TA view. I feel very disappointed with this stock but not you. I do not want to have enemy here. I also love to write, it is a matter of different opinion. I do not expect everyone to have the same view. Ask Inwest88, what type of person am I ? Thank you.
# sjcm - good morning my friend. Just notice that my name was dragged into this thread. You are right, at times our good intentions are misinterpreted by others, especially those who are sensitive and emotional. Some might just hit back. Sometimes when I see this happening to others, much as I wanted to chip in to support, I held myself back to avoid starting a war of words. Like you say, better not to give any response. I reckon OoiTB is just giving his comments as a TA specialist, he focuses on the subject matter, not the person. By the way I bought in some LBS WA at 72 sen as I agree with you views on this counter. Have a good day, scjm3.
# sjcm3 - many thanks for your concern. Much appreciated. As I mentioned before, all individuals have their characteristics as reflected in the Chinese saying "One type of rice feeds hundred types of people". You just can't please anyone and but just have to respect their wishes and decisions. I feel that being a public forum, everyone one ought to mind his / her words and language in his / her postings not only to have self-respect but must also consider and respect the feelings of others. Most importantly, if one's conscience is clear, he / she does not need to defend himself / herself. There are ups and downs in life but it has to go on. Thanks again !
# scjm3 - thanks so much for the support. But as you know. these picks are from experience, no TA and FA (although I always go for profitable companies for lesser risks in case of market correction) and at times may not work. So far so good, probably a success rate of 70 to 75%.
Mr OTB, Would u kindly share your view about how to spot whether the price is manually pushed up from 1.64 to 1.69?
Ans : I am a remisier, I watch the price movement all the times. No way you can see it in the chart, I watch it physically because it is in my watchlist. Thank you.
Beware of this false info.. Dividend paid last OCT...as special dividend... And this already reflect to the current market price... If it were to goes up.. Need to wait certain time Period to form its base.. But techinally is downturn now...
be patient and wait.. days to come... @scjm3 if u already purchase.... keep it aside.. will be sideways for weeks.... unless special case...happy trading..
Property counters should venture into cash generating sectors like hotels, malls etc! Its obvious that plc developers rely too much on selling inflated price condos! This is death trap! Glut of condos with little rental potential or resale landmine like RPGT!
Daiman must be go through this situation before. Every stock facing hard and bright time period. I had no comment right now coz wording can't change the fate.
Total Bid :103, 724 (1.647~1.66) Total Ask : 698,432 (1.67~1.710) Trade Low volume right now. (Below on technical chart movement Price drop : 1.60 ~ 1.65 (support line) Price picking up : 1.68 ~ 1.72 (Resistance line) Short term tp : 1.72 ~ 1.76 Long term tp : 1. 80 ~ 1.85
scjm3, I'm fully understand your feeling. But one thing you and me should understand playing a teams game need a numbers of people to join in. I'm doesn't mean to against you the fact is we are in a same boat.
If u have faith for this counter moreover as you said its for urs children.. Stop comment and listen to others.. 10 out 5comment is urs.. Comment when its reach urs target..
Sj3, message received. Lov 001. Will eagerly wait for tonight's posting.
OTB, thanks.... but lucky Sj3 is able to bounce back to his positive self after thinking it thru. OTB, gave a very good piece of advise.... even a proud man like OTB appreciate your posting and care enough to post more than a few words. OTB & Sj3, if you happen to read any offensive/insensitive post by me pls do correct me, either here or anywhere... I gladiy accept constructive criticism. Just dont ask me to jump in the lake and leave it there... I'll have sleepless nights trying to figure out what I have done wrong....ha! ha! ha! So see.. Sj3... people do really READ what you write. I'm just so happy for you. Hurray!
Yes. LBS is trending side way with upward bias. The uptrend is not confirmed yet until the price can cross 1.70, then the uptrend is partly confirmed.
Definition of uptrend - Higher high and higher low.
Currently, the stock price rebounds, the current high is 1.70. Once the stock crosses and stay above 1.70, then higher high is formed. I will say that uptrend is partly confirmed (50% right only). When the stock price retraces, it cannot break the current low of 1.55. If it breaks, uptrend is void. Assume the low is 1.60 and it starts to rebound, then higher low is formed. This stock is confirmed to be a up trending stock. Hope it explains.
Gud explaination OTB ... no doubt scjm3 do fast calculation.. but sometimes stock need accumulation and players to comes in when the technical pare with physical(company accounting)...
@ OTB kindly guide me whr can i get trading course.. or u got provide courses for stock trading / forex / commodity....
Hi! CT... Mr.OTB only base in KL. Susah for me to travel there. Since Bro Sj3 is willing to educate me... I gladly accept. I'll try untill bro Sjc3 get fed-up and gives up on me ... ha!ha!ha!
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 306 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11538 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Fortunebull
2,599 posts
Posted by Fortunebull > 2013-11-26 18:57 | Report Abuse
Quarter report will be out this week! Maybe mood changer for LBS! Let's see!