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/
this HY has the box again on 5min (happened before and again now ... the power of price action !) and price is not able to get back up above the 20MA but trickling down with it !! set your stop tighter
if HY can break the upper boundary of the box, then she will test 8.2 also coincides with 50MA ... monitor at that point, if there is bearish price action, then the rally is over
gem ... hope this gives u some idea what's going to happen next !
long-term, nestle is still on an uptrend !! note the 200MA on both charts are still rising ... although lately we start to see big red candles, this does not mean she is going to crash ... it is probably a signal telling us 'hey perhaps she is due for a healthy correction before marching on'
since long-term chart gives us a bias that a correction may be in progress, let's check out the intra-day chart ! look at the nice price channel on 15min chart ... if price breaks below this channel, it gives us more confirmation that nestle is heading towards a healthy pullback
HY daily is at support zone ... becuz of this, do watch out if u are playing intra-day put !! additionally, the 5min chart selling momentum is diminishing giving us a heads-up that it's either due for a (1) rally or (2) sideway movements ..
i tot i saw duit in hengyuan one morning .. but he deleted his posting in a blink of an eye ... if not mistaken, he said confirmed rally to 8.80 ??? hmmmmmm ... maybe i saw wrongly !
rchi dear .. on HY everytime there is a big red candle on 5min chart, the volume is very high !! does this mean the big boys are collecting or the PDTs are covering shorts ? what is the idea behind that ?
the momentum of hy is dying slowly,i would rather spend time looking at other potentials cos hy is over goreng n lots of stale bulls are waiting at higher levels to offload...
By the way, congrats on putty today.. usually Friday afternoon is selling session in Hsi.. so closing below 30k today?
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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/