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/
1) start to buy 8.08 2) averaging down till 7.97 3) when price further dropped to 7.45; no post on further averaging down .. assuming the trader did not; perhaps getting ready to cut loss due to margin call or something 4) if the trader is a short-term one, then the trader shud be aiming to take profit at 8.2 ? 5) so the trader's risk reward is 0.5; say the trader bot 50,000 shares he is risking to lose 24K to earn 13K ???
very aggressive strategy which not many can adopt ??
in the next 3 days,if hrc does not break below 7.45 then we can only say maybe it has bottomed...but it does not mean it will shoot up...prolonged consolidation may be in order
yes rchi ... playing dead cat bounce must try to buy near bottom and get out at first resistance !! that's why as said before, the timing must be pretty accurate based on the 5min chart ?? but some traders just buy at a price they deem low and then start AD till until when ??? lucky they get a good bounce ... what-if NOT ??? something to ponder :)
smallfish...ch is actually worth zero now...is momentum is dying...cimb will be glad to offload all n issue a new one with same exercise pr of rm8.0 with 6 months to maturity...then start the game all over again
logical? cimb sold as high as 90 sen,they laugh till teeth drop...lol
US30 (dow futures) rebounded strongly from the daily 200MA (the usual suspect) .. if the short-term uptrend (note the 20/50MA bullish crossover) on 1H chart is still intact, she shud be able to find support from the black horizontal line and then push up again from there to test daily 20MA resistance (also near the 1H downtrendline) .. so, important to monitor the horizontal support if price is retracing from now ??
rchi .. i think still can sikit sikit cuz all the emotions / psychology of peeps are written on the chart :) else will end up like buy 8.08 AD 7.97 till 7.45 and hope/pray price to bounce up !! LOL
ya rchi u are probably right .. miss HY is back to the descending price channel !! this morning shoot above the line and then u-turn in a blink of an eye (bull trap) ... let's see if she will find the lower boundary for support again .. hope to see price at weekly 200MA for a meaningful rebound play ! this is probably a level enticing lots of long-term investors (those who still believe in miss HY) and long-term-support rebound traders thus pushing up the price significantly :) LOL
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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/