hahaahah jact ...gua feel nia la ..n suka hold this over weekend ...simply caused china gov suka announce good news during week end la ...but le buy back tampok nia la c2 ... let wish for good la ....gogogogogo ... good luck all kawan kawan
the hands bully orang at this price for hsi-co monday naik 500 points dia mau naik 10 cents liau ... kasi monday up 1000 see dia kasi limit up bo ? kikikikiikiki
sharon this is my opinion as we know, the chinese bourse is not market driven presently. its government tried to restrain selling (supply) through trading halts for example and boost buying (demand) through brokers' share purchase scheme for example. analysts (ang moh obviously) feel that this market intervention would not succeed and meet the same fate as what the american and japanese had done previously (history repeat itself). now why do they want to do so? it is forecasted that her economy would grow by a low 7% this year vis-a-vis its hayday and they felt that they have to be more self reliant (no alternative) and thus concentrate its effort on the consumption driven strategy for its future growth. whether a 7% growth is low or otherwise is a debatable one..aiyah digressed ... back to the subject matter. thus, a badly bruised security market would adversely affect this economic plan which it is pursuing. so bo pian die die have to do somethings to ensure that the marketplace does down the drain so to speak. ok background scenario done with now the technical aspect. macam mana ... oopsi ala sikit hal to settle.. will continue later
saw error becos distracted got something to attend to second last para.. should read the marketplace does not go down the drain so to speak after the double top the market jatuh and hit bottom last thrusday at 11069(itu now jadi support) with the formation of a bullish reversal candle at its hourly chart and last firday true enough the market responded accordingly it broke out of the resistance trend line 12327 (now support) to close at 12791 after hitting a high 13250 (jadi resistance) now how it is going to be untuk next week then? here another bullish reversal candle is nampak.. meaning sorry have to stop
hi rchi and robz in the weekly chart. so likely the said week would end in positive territory. monday should be another up day ..trading in the range 12986 to 13250 (recent high) and the odd would be to break out of 13250 to proceed to 13400-14213 range. by the way, the closing price sits on the 20 ma and if price traded above it, the mood would turn to bullish and taking down 13250 would heighten the bullishness. how far it would advance depends first and foremost on the traders' participation rate in the grand game plan initiated by the chinese government and the degree of acceptance of the greek proposal (the initial outcome would be known by this monday morning) so now the final part of your question. i say sharon 1. you are a smart person (a compliment) 2. ikuting tj (a good success rate) 3. running into a purple patch recently ( ala ong) 4. high volatility of the stock C2 (betul?) ... to sell on the bounce is hence a sound/safe trading. cheerio.
hi scjm,super typhoon chan hom hit china today n 1 mil ppl were evacuated in the east of china..izzit an omen of the things to come...i dunno...anyway i m not trading china calls/puts.
Sry ya bro rchi, I want to learn a bit more. The weekly chart looks bullish reversal but the daily chart I see it getting rejected by strong resistance. So should have a down move/ consolidation soon?
rob..the real trend shud only emerge after a few weeks..now if the 2 big elephants fight i dun wanna commit n i shud think the elephants dun concern themselves abt conventional support n resistance...one elephant is out to destroy n the other to defend...in the end it is the real value of the stocks that is important. scjm is the ta sifu here,i m more an all rounder,a bit of everything :)
bro scjm, thanks for your lengthy and detail explanation, superb chart reading and compliment. I understand the risk and volatility of these call and put warrant especially WHEN the index is nearing the strike level. I am quite reluctant to buy these call warrants at first after consulting bro tj due to the volatility. But later my itchy hands bought c6 2 weeks ago at 26 cts when my paid share tips' service provider bought her. After bought c6 I just reliased that the strike level was so high and follow bro tj to buy c2 hugely to average down when the index sliding lower and lower. Last 2 days reversal I managed to sell all my call wrts and make quite handsome profit. I bought back some c2 (moral support to bro tj kikiki) when it retraced and hold over the weekend with the hope the Greece thingy will turn out well!
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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....
Posted by tjhldg > 2014-03-08 22:27 | Report Abuse
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