Posted by connie > 2016-09-29 08:59 | Report Abuse

vinoth, there is a very strong downtrend line resisting the upward movement of connect ... have a look at daily chart and connect all the high peaks from 2/7/15 onwards and u will see the trendline ! so, watch out this important line ... meantime, there is a support zone between 0.11 and 0.105 .. u have to watch out the price actions (look for candlestick reversal pattern if any) in this zone .. two possible scenarios; if support holds she may go up to retest the trendline or otherwise, dip further !

Posted by skyjet > 2016-09-29 09:05 | Report Abuse

Buy CSCSTEL

Posted by Kdkt > 2016-09-29 09:16 | Report Abuse

Good morning Rchi, Connie n all. ...
Hope fgv shoots up fast

Posted by pampers > 2016-09-29 09:19 | Report Abuse

GOOD MORNING ALL, hope everthing works fine for everyone here, been a tough month for me, but life goes on :)

Posted by rchi > 2016-09-29 09:26 | Report Abuse

kdkt,fgv will close sept above 2.5,n next month 2.9 :)

Posted by Kdkt > 2016-09-29 09:46 | Report Abuse

Cool .. tqvm bro Rchi
Will hold tight

Posted by connie > 2016-09-29 11:14 | Report Abuse

skyjet ... can buy already ah ??? i think u may want to pullout the 60min chart to see more clearly the price actions ... if price does not go above 20ma, monitor first ... meantime, saw masteel n cscstel are testing the 10ema barrier ... next dynamic resistance to be tested is 20ma !!!

Posted by imoogi99 > 2016-09-29 12:03 | Report Abuse

Connie...interesting look at the market by 60min...playing swing? Talking abt 60min, 20ma, dsonic looks good????

Posted by Oldman > 2016-09-29 14:07 | Report Abuse

Hi Bro Rchi, I am oldman, Can still consider fgv c15 now? thank you

Posted by Oldman > 2016-09-29 14:17 | Report Abuse

OH....Bro rchi, i am not the "oldman" you referred to right?

Posted by connie > 2016-09-29 14:19 | Report Abuse

imoogi .. i look for trade setup on daily (eg pulling back to SR level / trendline / ma / fibo - bested still if can get confluence of at least 3 !!) and then i go to m60 for a clearer market structure development esp when a counter looks toppish on daily ... eg if m60 showing lower high and lower low, then gotta be alert for perhaps (1) a deeper dip before trend CONTINUATION or (2) onset of a trend REVERSAL !

Posted by imoogi99 > 2016-09-29 14:23 | Report Abuse

Thanks..Connie..interesting.

Posted by connie > 2016-09-29 14:55 | Report Abuse

blacksails ... cud be the C of a double zigzag pattern !!! think not long ago juni and me worked out the tp for this 2nd C :) very strong downtrend as shown by 10ema / 20ma acting as resistance on daily :(

Posted by Blacksails > Sep 29, 2016 02:46 AM | Report Abuse
SkyHawk n connie, what wave is Maybank now?

Posted by skyhawk > 2016-09-29 15:56 | Report Abuse

blacksails......

Looking at the 5 yr chart......it is in a killer downtrending wave, way below ema200. Above it is consider bullish....below it is bearish. In this case, v bearish :(:(:(

Posted by Oldman > 2016-09-29 16:19 | Report Abuse

Bro Rchi not around?

Posted by vinoth > 2016-09-29 20:26 | Report Abuse

Thanks for your input Connie!

Posted by Blacksails > 2016-09-30 09:14 | Report Abuse

Thanks Connie n SkyHawk!

Posted by Kdkt > 2016-09-30 10:21 | Report Abuse

Good morning Rchi, Connie n all. ..
Looks like fgv taking a break

Posted by rchi > 2016-09-30 10:37 | Report Abuse

mkt looks bad,Germany Deutsche Bank in serious trouble,may drag global banks down...if anyone cannot take the volatility,advised to cut loss n sideline.

Posted by Ivy4u > 2016-09-30 10:43 | Report Abuse

okay bro rchi :) you decided to stay sideline and cut fgv d? or hold tight wait till it fly?

Posted by rchi > 2016-09-30 10:45 | Report Abuse

cut

Posted by Ivy4u > 2016-09-30 10:47 | Report Abuse

okay rchi no problem

Posted by Kdkt > 2016-09-30 10:59 | Report Abuse

Noted Rchi

Posted by rchi > 2016-09-30 11:00 | Report Abuse

http://www.marketwatch.com/story/a-crisis-in-european-banks-threatens-to-roil-global-markets-2016-09-28

Posted by rchi > 2016-09-30 11:01 | Report Abuse

Connie dear,be very careful now.

Posted by rchi > 2016-09-30 16:03 | Report Abuse

twobits...i dun think 1649 can support,we r facing a Deutsche Bank spillover..it is going to be a steep correction.

Posted by rchi > 2016-09-30 16:04 | Report Abuse

hk putties so yummy...kikiki.

Posted by rchi > 2016-09-30 16:13 | Report Abuse

too bad,everyone disappear d..bye.

Posted by connie > 2016-09-30 16:20 | Report Abuse

oh rchi dear .. thanks for the alert !!! since market no good just chillax then ... am following a group of forex traders ... all of them having the same strategy - REVERSAL trading :) so cool ! which hk putties u are looking at ? i kinda like hsi chart now ..

Posted by connie > 2016-09-30 16:20 | Report Abuse

noooooooooooooooooooo i did NOT disappear :(:(:(:(

Posted by rchi > 2016-09-30 16:24 | Report Abuse

Connie..hsi h57

Posted by connie > 2016-09-30 16:27 | Report Abuse

rchi ... do we buy now or do we wait for her to break the SR level at around 23148 ??? a good bearish candle closing below 20ma on 5H chart (1st time after the strong uptrend which is good) ...

Posted by rchi > 2016-09-30 16:29 | Report Abuse

Connie,if u want to be sure,wait for break down of support.

Posted by rchi > 2016-09-30 16:30 | Report Abuse

I ady bot 34.5 sen

Posted by connie > 2016-09-30 16:32 | Report Abuse

rchi .. this is h63 with longer maturity and higher strike value !! is it also not bad ??? many thanks

Type PUT
Maturity 2017-01-26
Strike value 22400.0000
Ratio 900:1
Gearing 25.64
Premium 1805.891
Premium % 7.75

Posted by rchi > 2016-09-30 16:32 | Report Abuse

Due to broadbase sell off both locally n overseas,i m taking the german threat seriously..bye connie.

Posted by rchi > 2016-09-30 16:32 | Report Abuse

I always favour the one wth vol

Posted by connie > 2016-09-30 16:35 | Report Abuse

okay rchi .. once again, thanks for the heads-up :) u are always my angel !!!

Posted by connie > 2016-09-30 16:36 | Report Abuse

and have a WONDAFUL weekend whilst enjoying wonda coffee rchi !!!

Posted by connie > 2016-09-30 16:39 | Report Abuse

sorry not the 5H but the daily which is even more convincing :)

Posted by connie > Sep 30, 2016 04:27 PM | Report Abuse X
rchi ... do we buy now or do we wait for her to break the SR level at around 23148 ??? a good bearish candle closing below 20ma on 5H chart (1st time after the strong uptrend which is good) ...

Posted by Kheng > 2016-10-01 08:02 | Report Abuse

Connie, Hsif chart pattern look more like a abcde triangle formation. Bear trap set up by sub wave e on piercing thru the support line today. Expect to trend up thereafter for intermediate corrective w4 continuation for time extension, just to satisfy the time frame requirement for intermediate wave.

Posted by skyhawk > 2016-10-01 13:37 | Report Abuse

Kheng...

congrats!!....u are spot on :):):)

Posted by rchi > 2016-10-01 18:38 | Report Abuse

http://www.wsj.com/articles/hedge-funds-gain-by-betting-against-deutsche-bank-1475238667

Posted by rchi > 2016-10-01 18:49 | Report Abuse

Deutsche Bank
2015 loss Euro 6.772 Bil
2016 ?

USA DOJ fine....approx USD 5.4 to USD14.0 bil (for 2016)

Total Equity : ONLY Euro 67 bil

No doubts will be squeezed for cash.Currently in process of disposing several companies to raise cash.
Will no doubt raise fresh capital by rights issue.

The ultimate question "what does the hedge funds that are still heavily shorting deutsche bank know that the ordinary retailer does not?why is deutsche bank at multi yr low?"

Does not need a genius to figure out.

Posted by rchi > 2016-10-01 18:54 | Report Abuse

deutsche bank price chart..

https://finance.yahoo.com/chart/db?ltr=1#eyJtdWx0aUNvbG9yTGluZSI6ZmFsc2UsImJvbGxpbmdlclVwcGVyQ29sb3IiOiIjZTIwMDgxIiwiYm9sbGluZ2VyTG93ZXJDb2xvciI6IiM5NTUyZmYiLCJtZmlMaW5lQ29sb3IiOiIjNDVlM2ZmIiwibWFjZERpdmVyZ2VuY2VDb2xvciI6IiNmZjdiMTIiLCJtYWNkTWFjZENvbG9yIjoiIzc4N2Q4MiIsIm1hY2RTaWduYWxDb2xvciI6IiMwMDAwMDAiLCJyc2lMaW5lQ29sb3IiOiIjZmZiNzAwIiwic3RvY2hLTGluZUNvbG9yIjoiI2ZmYjcwMCIsInN0b2NoRExpbmVDb2xvciI6IiM0NWUzZmYiLCJyYW5nZSI6IjEweSJ9

Posted by rchi > 2016-10-01 19:02 | Report Abuse

only consolation..fri vol was a record vol on rebound.
let's see how good the germans are next week

Posted by Kheng > 2016-10-01 19:43 | Report Abuse

Situ Skyhawk, plis advise what's your take on the expected complete w4 pattern. Continuation of contracting triangle, odd combo or else. Still learning Ew. Thanks

Posted by rchi > 2016-10-01 21:53 | Report Abuse

Yet another Deutsche Bank related scandal..TODAY

http://www.bloomberg.com/news/articles/2016-10-01/deutsche-bank-paschi-nomura-staff-charged-over-false-accounts-itr5z2ku

Posted by connie > 2016-10-02 09:32 | Report Abuse

kheng .. oh yea i shud be looking at hsif chart !! will wait for the upper / lower trendline to break ... can't use MA for this chart cuz the price is consolidating .. thanks so much kheng :)
** based on waves, this sub4 can also be A up B down and now processing d of C triangle .. so, d will hit the upper line and get rejected .. then will dip to unfold e which will be supported by the lower line .. so, guess it's safer to wait patiently for the trendline to break either UP or DOWN before considering any entry ?? interesting to see if this is the pattern !

Posted by Kheng > Oct 1, 2016 08:02 AM | Report Abuse
Connie, Hsif chart pattern look more like a abcde triangle formation. Bear trap set up by sub wave e on piercing thru the support line today. Expect to trend up thereafter for intermediate corrective w4 continuation for time extension, just to satisfy the time frame requirement for intermediate wave.

Posted by connie > 2016-10-02 09:33 | Report Abuse

rchi .. thanks for all the juicy scandals involving DB !