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/
Yup Maybank show...becareful ya...if still cannot break 9.28 and 9.3...it will down anytime....but I very sure that will up to 9.5 Soon cause ringgit strong and Maybank QR good ...so it is positive uptrend will be 45%up look
happy trader .. maybe u shud rephrase your sentence to 'those who always follow ANYONE'S call will always be in deep shit' .. many times stressed here u must know how to execute momentum trades alongside rchi .. if 'buy high sell higher' does not agree to your risk appetite, then better do the other spin of 'buy low sell high' !
when it comes to exiting a trade, there are so many ways .. ONE example is using moving average .. price turns below 10EMA (for short-short term traders) .. price turns below 20EMA (for short term traders) .. price turns below 50EMA (for medium term traders) .. price turns below 200EMA (for long term traders eg; if not mistaken, mr otb's style) .. so, question is WHAT-ARE-YOU ?
rchi .. say if i only look at technicals, the 200EMA on weekly does carry some weight ie price does react around this level ... not saying that CI is out of the woods ... but in near term, may at least test the area between 10EMA and 20EMA on weekly chart ... which is around 1740-1750 ... perhaps this will end 2017 and then see what happens next ??? what say u ??
connie,the problem now stems frm the weakness in semicon stks which may hv peaked as seen frm the sell off of nasdaq n kospi....given the spectacular run of many of these semicons,their correction if deep may rub off into other stks. further,2018 is just one month away n we are into a cycle of interest rates rises n fed reducing its balance sheet..in short,the tigtening of the money taps which has fueled stocks since 2009. near term,mkt weakness is in order.
as regards our bomoh's bursa,the appreciation of the ringgit has lessen the advantage of the exporters,particularly semicons,as semicons are now hit by a double whammy...ie. ringgit appreciation n peaking of chips sector. bursa did not participate in the final run up of asian mkts but drop instead..this in no way look good..cos when the correction finally come,the bomoh may go hiding in the jungle.
on 1H CI chart we can see perhaps a double-bottom has formed .. if price can break the neckline resistance and using classic formula to compute target will be :- 1728 - 1710 = 18 1728 + 18 = 1746 which is between 10EMA and 20EMA of weekly
m not surprise hsi drop to 28000,but satisfied with my starbucks
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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/