KC, i should join the boat when you mentioning about Scomi at ALAM forum tread before that the time when Scomi still 0.22, i go check scomi at that time but i am fear looking downtrend Chart at the time.
KC, 56/57 is my estimated base on the dotted ren line (2nd resistance). 45/46 is the 1st resistance dotted red line.
40cts not yet reach... my portfolio only have loss RM3xx... so I still not hv much tense or panic... but I have my parachute ready as well...just in case. Hopefully will not use it... :-)
just read Scomi-WA thread, do you think prices of SCOMI are depressed to avoid people from converting their WA to SCOMI mother shares?
Expiry for WA is pretty soon, so any upward movement in mother share will mean punters will be able to convert it into SCOMI shares and sell it for a good profit!
That is called last puff buffettology ashrizal. Don't blame you. Its a bit of a risk because even warren lost some, notably Berkshire itself!
Bursabulltrader, you are using resistance lines to come with a projected target I see. Isn't it like the antivirus firm trying to catch the latest computer virus, to use a familiar terminology?
KC, for general, is very straight fwd to use resistance line become target. :-) There been many TA method which can use, but I prefer to use simple resistance line.. unless things are getting complicated, than I would use multiple combination...BTW, I not really sure what u mean by antivirus and familiar terminology?
ok, i note most TA will come to the resistance points to fix a TP. Guess that is ok. looking forward to your multiple combination, if the opportunity arises, in future!
Bureabulltrader, sorry to disturb you further, what is your take on djhchew's 25th Oct posting of TP 48 sens. Djhchew, no malice here. Just like to see how two TA guys talk about it! We may learn a lot
you know, it is my belief that as technology improves rapidly, the divergence of FA & TA can be crossed and leading to a relatively "efficient" market. both are in some ways, two sides of the coin. hope to see technology confluence before my time ends :)
KC, 0.48 is very short team target. Most trader will lock in profit at this point before take another move. 0.48 will not in target if it was not hit by correction week ago (0.365 low).
1 day, then you might consider already since you are expecting such a good momentum for your particular case. Break even point is at 0.435. the moment underlying move above 0.435 you made positive $$ but be warned of the short expiry period, the moment underlying drops below 0.4, there will be total loss - you don't get a chance to convert at all if you are unable to dispose to market.
am i right to say that targets remain targets, and if RSI provides the momentum, as in your case, that 48 sens would have possibly been reached? is that how its determined?
KC, market sentiments is a general term. For TA, we mostly need to focus on indicator, any hit on your point you need to take action, no matter market are good or bad. Like today SCOMI. It close as dark candle, which will be another downtrend forming.
FYI, I jumped out at 0.405 on price matching 4:50pm. Will wait and see again..and now looking at 0.38/0.39 as entry, if good trend show up...
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 887 views | 5 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!
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....
pathew
2,028 posts
Posted by pathew > 2012-10-29 10:53 | Report Abuse
KC, u sounds very keen about voyuerism...
Shall I redirect you to another forum maybe? hehehe...