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/
muthusamy .. am not sure about all the news on merger and what-nots !! just based on price action theory, it's very common to see price pulls back to mean before the underlying trend resumes .. u may also take a look at what happened on 4 may on eko's chart .. so, if u want to make fast $$$$ based on price action and nothing else, then safest level to get out is 20EMA/50EMA on 1H chart !!
muthusamy .. i pointed out 4may to just illustrate the concept of price rallying back to mean before the trend resumes !! i notice if price is more than 10% from 20EMA, the likelihood of a rally is high ... strong or not is another story :) thus, to play safe use a very straightforward guideline to gain from a fast trade ie the 20 or 50EMA on 1H !!
Connie, referring back to your comcorp's review, is currently in wave-b ?
noted allwin ... let's see monday closing candle progress !!! the next level is 78.6F around 0.765 .. this will close the gap on 1H chart .. allwin, bear in mind though unless it's a V-bottom recovery a dip between 61.8F to 78.6F will probably entail the abc waves formation (like what i showed on psiptek last nite) before it shoots up ... meaning if only desire a short swing trade, then must get out at wave b !
allwin ... it's never possible to pin-point 100% !! the guideline is if price retraces between 61.8 - 78.6F, the probability of a more complex waves structure formation is high ... thus, not a bad idea to take profit when price rally back between 38.5 to 61.8F (between 0.87 to 0.915) ... u have to monitor the price action around these levels
kimee .. after the double-top, price dipped ! u may look for a rally at 61.8F which is also near the 200EMA support (so double confluence) .. price MAY face resistance at 0.10 when it rallies .. hope it helps
there are no issues to settle. moodys just gives comment on malaysia budget
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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/