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/
HY is dipping into the area of support which is very near the 200MA daily (big boys fav indicator ?) ... both 1H and daily macd histograms signal selling momentum is waning ... however, this does not mean we can jump right in ... we have to go down to 5min chart to see if in fact a rally is developing ... for conservative traders, entry signal is only when price goes back above 20MA and 50MA on 5min chart ... wud be good to see a tight consolidation box around 5min and then price breaks above it crossing over 20MA and 50MA :)
eagle .. a descending triangle on 1H / 5min chart ! price has to break above this consolidation pattern !! if break below, then u gotta be more cautious if u are going in for short-term ...
@cybergreen. I bought mine too early yesterday at lowest point. It's not hsi at this stage, but the us market. DJ should be at its last leg up before a deep dip.
hsi so far cannot break above the 50MA on 1H !! but if u look at 5min chart now, something looks a bit different .. previously price was below the 200MA on 5min .. now, price is above all 20/50/200MA on 5min .. the uptrend on 5min still looks healthy unless price retraces back below 20MA and 50MA .. look out for the yellow box on 5min for support to confirm a still legit short-term uptrend !
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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/