You are quite right..but from a technical standpoint it seems that a rebound could occur..the psychological is the same: when people see the stock price appeared to be very cheap they tend to go for it, and this may pull up the stock price in short run...so a swing trade in short days period could be profitable...just my opinion as a newbie!
Hi James Woon, Let's refer to the Intra-Day Chart.
HARVEST was GREEN yesterday as we refer to the price of 0.47 (Open) to 0.44 (Close) at KLCI 1600+ (All are GREEN).
Today HARVEST open at 0.44 as per yesterday close (YELLOW) and todays Low was at 0.430.
Currently, at 12:30PM, HARVEST maintained at 0.435 BUY (RED)/0.440 SELL (YELLOW) with KLCI at 1608 with -5p/-3% Drop (RED). Note: This is Code RED.
HARVEST did make a TEST at 11:00AM at 0.430 BUY (RED)/0.435 SELL (RED) at KLCI 1608 with -5P/-3% Drop (RED); it was TEST for few minutes. This is DOUBLE Code Red.
So, DOUBLE Code Red; waiting for this moment of buy at Dip (Dip1) when price are RED at both BUY/SELL and FBMKLCI index are also RED.
There are TRIPLE Code Red; (Dip2) if/when FBMKLCI break the 1605 Support.
YES taiong59. DOUBLE Code RED usually applied at Fast & furious counter. DOUBLE Code RED is very difficult to catch. As observed, its usual behavioural may happened around 10:30AM or 2:35PM, 4:35PM and sometimes 9:05AM.
Take full consideration that 10:30AM is after/about coffee break, loose focus, 2:30PM after lunch; loose focus. 4:35PM, Peak hours; loose focus. 9:05AM, beginning of peak hours, loose focus.
Psychological Impact Studies on normal human behavioural applied when its comes to RC/Fast & Furious Counter. The man/team at the counter will apply a psycho play Push-Pull factor games with you. They are professional in this arena.
DOUBLE Code RED only happened/may happened with few factors:
i. Global Impact; when World Market turns RED and affect Local Market. This is a Major RED.
ii. When both BUY/SELL price are RED. 1st psycho Code RED games, they may play you; beware.
iii. When you feel uneasy between 10:15AM-10:30AM-10:35AM; should you go for coffee break? should you wait for a while?.
iv. When you feel uncomfortable with your price judgement at 4:30PM; Should you Q at this price that price, and they will hit you at 4:35PM where you can't move. This will be a breathtaking experience when you are RACING with them.
v. And many more to share on RC counter behavioural impact studies.
DOUBLE Code RED: The question now is, how to catch it? :)
Note 1: 'Happy trading at RC Fast & Furious Counter'. By saying this statement, you must analyse on: 1. Type of Car that you are using for Fast & Furious Racing. 2. Type of additional equipment you use to boost the engine.
Note 2: i. i believe by now you definitely understand on why some people wants/choose to have so many accounts. ii. Why some people has so many screens. iii. Many more on why-why factor.
Brother, i share because i care. Thanks for this valuable discussion. Much appreciated.
Friday is a SHOPPING SPREE day to some investor. Friday is a BUY day with a good SALE price. Double offer for discount if the next day or the following next week is the Public Holiday. :-)
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....
chongkonghui
1,117 posts
Posted by chongkonghui > 2012-05-08 18:06 | Report Abuse
forget about Harvest. Why risk your hard earn money?