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/
when market is volatile ie no longer the nice n smooth uptrend with healthy pullback along the way, is it better to day-trade ? or at most hold 1 or 2 days depending on how the short-term chart progresses ?
have the big boys fully distributed all their HRC shares based on the volume spike seen this morning ? at least they have fully played out this 5-min cycle ? price will be marked down till an equilibrium be found and then start the 4 cycles all over again ?
hi hkck ... fgv is still trading in a range !! if we look at the daily chart, there is a downtrendline that seems to be resisting .. also look to the left there are a lot of supply to be absorbed .. this is probably the reason for price to dip and consolidate now .. if the green horizontal line can act as support (also coincide with 200MA), price may bounce from here and break that downtrendline
hkck ... this is 1H chart of fgv :- 1) yellow box - see how price pulled back and then traded sideways towards 20MA forming a pennant (bullish continuation pattern) .. then price broke out of the pennant to continue the upward journey 2) so, we want to see similar pattern to form now on the 1H chart (with low vol) ... and we want that blue box to act as support zone since price has broken above this congested zone to remain bullish bias 3) u may want to check during the yellow-box time, was CPO bullish ? then also check how CPO is doing now ? or perhaps GE14 will send her to new height ? 4) always have that downtrendline on the chart cuz this is the big hindrance
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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/