I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!
kiki .. this counter need to see block share q selling baru boleh jalan .. but i dont mind to play with them and simpan peti sejuk .. sometime swing trade for duit kopi .. kikikiki
Silk The selling pressure from 0.71-0.70 was not huge & i stil can see buyers rushed in to buy although it closed below 0.70. For me, it is stil a good sign. I never check on RSI, MACD & Stochastic (for short term sniper only) but when we look at them, no sign of reversal although they cross above 70% RSI that is a good sign to me as i only like to buy stocks at this level... SO i anticipate there shld b a continuation uptrend next week til it reaches 0.75, then bull will take rest & expect after CNY, it may continue uptrend to hit 0.86.
Iris, today closed with Piercing Pattern, a bullish candlestick signal. RSI 75% indicate the strong buying support but not too much overbought. Monday expected another bull run to test the res 0.435, 0.455 b4 the strongest at 0.47
kuya ct, i bot a bit only at 0.395, and sold 50%, not dare to buy too many...hehe...for silk as long as the news hasn't confirmed, very high chance can meet your tp in short term, but i think monday could pullback in the open session 1st...
Noted & it wont go in a straight line to hit my TP but if it wants to be like that, i welcome it.. Expect minor retracement due to profit taking that is very normal... I can only wait to offload all at 0.75 if it does on Monday as i got no time to wait..
iris - i dunno how true the story is but i like rumours... Rumours can cause price to upside & in my mind, no counter is safe to trade & we need to pay extra attention. Im sorry about MikeKong who cut lost Silk. To trade til end of my TP, we need to hold & i believe u know about wave ..
So long it doesnt breakout from 0.47 to start a new wave, there is a potential that retracement may continue.. The recent retracement only touched my 1st layer means very surface only & some ctrs that i have monitored, did touch surface then surfed to continue the new wave.. But precaution is better than cure as we dont know whether Iris will start new wave... Let us witness & see but sad that i stop buying...
Good Luck to u, bro... I stil have one more day to trade but only focus on Silk..
Iris I came out 2 TA as the chart is confusing at some point.
TA-1 Stop point - 0.45 but it stopped at 0.47 that considers valid W3 & retracement is on progress from 0.30-0.39. Once it finishes the retracement, price will re-test its recent High 0.47. Only when it breaks 0.47, a new wave is formed & my next TP=0.82 if no extension.
TA-2 Stop point - 0.57 but it stopped at 0.47 that considers valid W5. (not 3). If the 0.47 cant be broken, then Corrective Wave begins & it will drop below 0.36 to form a trading pattern that it may go consolidation for months or even a year before a new wave begins.
"The contracts extension valued in total at approximately RM23.287 million are expected to contribute positively to SILK Group earnings and assets for the financial year ending 31 July 2014."
Tqvm bro, happened to see this in silk thread. Aiya, im too confined myself in the inner world of the chart n i dont even know what this co is doing, pia say n siao lee to say.
Mark, Merci. Nice song. This song goes to the Ts as sephiroth put it lol careful this is my fav song by Bon Iver, however this version by Birdy not the original singer Bon Iver, listen to the lyric...hmmm
hahaha,, hepitrade,, i only read from chart then tell u all but my TP is 90% "cun" if u believe.. Whatever i write, i save & review later.. But we stil have to trade wisely & cautiously. Whatever stated in the chart is history that i only predict it for the future trend. Extra careful is important & i only focus 1 ctr for time being..
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....
Posted by Fortunebull > 2013-12-03 20:12 | Report Abuse
I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!