LB Alum flag out a trend reversal on 23.9.14 closing at 82sen. Next day 24.9.14, it closed at 79sen, 3sens down confirmation the down trend reversal. At 79sen, it has broken down from the EMA support and keeps dropping until today. No one will know how deep the well is from here.
Recap: M M S V qwerty . MMSV is about getting over heasted. 03/10/2014 08:16
MMSV overheated and drop down drastically. Right time to sell when it was trading at around 60sen. The last support is at 46sen 3 days ago. It continue to drop below support level yesterday and today.
qwerty KLCI below 1800 is dangerous. 13/10/2014 17:13
qwerty SKPRes at a dangerous level at 63sen. If it doesn't climb up tomorrow, chances of retreating to 60 sen is great. 13/10/2014 21:38
qwerty SKP Res: I do not have this stock for sometime ago.
But if I am still holding this stock, I will exit once it hit 0.595. 0.58 is the last breakdown level. I will not wait until that time. 14/10/2014 13:47
0.595 is the last EMA support while 0.58 is the last trend support. Since KLCI is retreating below 1800, this has increased the probability of further weakness.
I have already disposed 100% of my stock holding. I sold 100% last week but re enter this week. Win some and also lose some.
Lose more than win but overall still a winner, that's what counts at the end of the day. I will not invest into stocks for now until DJIA has retreated by 20% or more. I read an article it might retrace by 50%
Monitor on S&P Index. If it were to drop below 1810, hell is going to break loose.
S&P dip to 1820 and rebounded strongly with the small cap stocks leading the rebound. This could possibly be the turning point to upward journey. KLCI immediate support = 1769. If it can hit and rebound strongly like DJIA, then it is likely the turnaround signal to start buying.
Thank u, Mr Q for your review/comments on MMSV and SYCAL. Actually I have sold MMSV on 3.10.14 @ 0.59 but reenter on 13.10.14. Thats a big diiference if I dont read/study chart like you do.
KLCI is trying to recover now. Immediate term at this point of time, it has turned bullish. It must continue to hold at this level for further recovery. Once it has confirmed its recovery, then stock prices can recover along the way.
Tq qwerty, actually holding equally on both stocks. Anyway, since skpres hit 0.58 n rebound now, will it retest 0, 58. Also, buying maybulk now, what u think?
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qwerty
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Posted by qwerty > 2014-10-14 22:36 | Report Abuse
LB Alum flag out a trend reversal on 23.9.14 closing at 82sen.
Next day 24.9.14, it closed at 79sen, 3sens down confirmation the down trend reversal. At 79sen, it has broken down from the EMA support and keeps dropping
until today. No one will know how deep the well is from here.