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/
hmm paba .. hopefully that yellow zone can halt further downward movement ... failing which price may retrace all the way down cuz if u look at the market structure, this zone is the only area on the weekly chart with some cluster of candles that can provide some sort of resistance to the downward spiral :(
it works both ways ... easy to go UP easy to come DOWN too (both are paths of no resistance) ... so, must be very careful when trading counters with BIG BIG green candle like that !!
psiptek downtrend atm, i wont buy into stocks when it dips unless it shows reversal signal. I'm interested in trive more anything below 0.3 , trop-wa i sapu
trop could be huge, is not strange to see if trop jump in a like mafia. later in no time it reaches 1.3, den wa worth how much? at least 0.5-0.6. kiki off d .
psiptek downtrend now ??? it's a retracement at the moment and possibly a trend reversal don't u think ??
1) broke downward trendline A 2) broke double-bottom pattern B (yellow box) 3) broke 200EMA labeled C and retested the above as support
not a bad idea to take a bet now !! however, becuz the pullback is 78.6 fibo, price may form what the waves chartist refers to as abc before taking off .. so, beware if u want to contra
depending on how u plan your trade based on (1), (2) or (3), u may set your stop accordingly .. ie if price has violated the trade idea, then it's time to get out !
Thanks Connie. That's what I'm thinking off. Seems like retracement moment. Maybe it's too early to enter, or probably missing the boat. We'll see tomorrow. If its violated, I'll SL. Thanx again.
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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/