Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
Connie dear... what is your take if a case is like Krono which currently hits above 200EMA on 1hr chart with strong volume... TQVM your opinion is highly appreciated.
hehehe rchi dear .. u can fight with him !! i never dare ... i always guai-guai play with him ... whenever he asks 'WHO IS THE BOSS' i quickly reply 'YOU LOR' :)
aisay :- 1) we have seen daily 50MA held when price dipped to this level (yellow box) and then bounced back to make another uptrend wave .. switch to weekly and u will see why daily 50MA held !! it's 20MA support on weekly
2) recently on daily, price again tested 50MA (blue box) and then today we see a big bullish candle with volume .. but this time on weekly, price is far away from mean .. so, there is a possibility that price may want to reverse back to the mean level (20MA) on weekly before we see another legit rebound
3) now we go down to 1H chart ... look at the trendlines !! there may be resistance there (refer to arrow) .. for the bulls to march on, this level must be broken convincingly ! for me, i wud like to see the candle closes above the downward trendline on DAILY chart
Dear Connie... thank you very much for explaining the scenario in details... you have made it easy and clear for me to see. please allow me to take this as my template to study other charts. And, of course will patiently wait for Krono to break above the below trendline. God blessed.
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Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/