Mr. Ooi, it looks like Gadang is rocketing again after the completing the formation of second cup-and-handle. It is a mini size this time.
The mini cup was profiled for a duration of 1 month 11 days, and the handle was formed in 4 days, thus satisfying the cup-and-handle pattern as described in the TA literature of below link
Looking at the chart, you are correct. It is very important the stock price must stay above 3.05. Look at the buying pattern, the price will stay above 3.05 today. I hope it will. Thank you.
Gadang good now made unrealised profit. So far I did not buy much of this counter. Morning thinking of buying but sceptical as for past weeks the shares price being pressed down in last hours of trade. Hopefully this time can maintain. Really need to learn how to read chart :)
Gadang, oh, Gadang. Jangan hangat-hangat tahi ayam. RM3.07 is not enough. On the 8.11.2016, got 7 sen dividend and the price will be adjusted back to RM3.00. Please shoot up higher and with consistency.
I concentrate only on Gadang for a long time already. Have confidence and stay with it. Don't panic. This is a very very good investment. More good information on Gadang expected to come soon.
Do note that contrarians will sell no matter how low the profit and prefer for the price to drop so that they can buy again.. i.e. rinse and repeat.. thus these are the mitigators.. hmm
Patience ya. Notice.. from 3.09 dropped to 3.06 currently. Looks like 3.05 is the last stand since the sellers are very persistent. They must sell and also want the price to drop and the MMs are allowing it. Why want to push it if you can accumulate at lower prices, right.. i.e continue absorbing sell-offs at 3.06. And of course, they know Gadang is a gem. So.. its all psychology now... and MMs will push the price up again later on.. when deemed appropriate..
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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....
tksw
12,976 posts
Posted by tksw > 2016-10-18 12:30 | Report Abuse
OTB sifu, I am veli happy today.