Name:
Location: Singapore

A small fish dreaming in a huge pond.
If you have any interesting ideas about the market, gimme a beep!



It is free!


This page is powered by Blogger. Isn't yours?

"The market is a treacherous and fascinating game. I am a player and this is the quiet place i go to pen my thoughts and emotions."

Thursday, August 24, 2006

Journal: Note to Self

JournalInteresting price actions- false breaks? Gotta observe.




Technorati Tags: , ,






Chart: Fung Choi

ChartThis stock displays the typical symmetrical wedge formation. A break from the upper or lower trendline will signal a bullish or bearish stance respectively.

As we can see from the chart, the wedge has broken downwards with significant volume. I suspect the price will visit the support of 0.695 in the coming weeks.

Hope this helps!
=)


!!!!--------------------EDIT:

It seems I did not use the updated chart to do my analysis. The chart was not updated for today's price action- the price broke down further with even higher volume. Anyways, today's price action confirmed my previous suspicions that the price will test 0.695.

The next question is: what is the new advice I would give base on this new infomation?


I am a firm believer that an over-deviated price action will always result in its return to the mean - this is where opportunity resides. The price broke the 2.0 lower bollinger band with much force. I suspect it will test the previous low of 0.625 before rebounding slightly back to its mean again.


Technorati Tags: ,






Wednesday, August 23, 2006

Chart: Want Want

ChartThis stock is a very volatile and thinly traded one. So trade with care!


I will approach this chart from the viewpoint of patterns and trends.

This stock has been experiencing a lot of gaps over the past months. A pattern has emerged: the gaps will always be covered within a few days. Another pattern is that a short term reversal will occur when the price breaks the 2.0 bollinger and rebounds.

Higher lows indicate the short term trend is still bullish.

My take: a gap down to the 1.4 or 1.36 levels will present a good opportunity to buy. The price may try to test 1.55 again.

I hope this helps!
=)



Technorati Tags: ,






Wednesday, August 02, 2006

Chart: (Keep 'em coming!) Longcheer.

ChartNeed a second opinion on a chart? Clueless about Technical Analysis? Already did your due diligence on a stock but know peanuts about the timing? YES! You have come to the right place. Learn and compare notes by ASKING me questions or REQUESTING for a chart. I am not expert but I will try to help because I love to learn about the market like you. =P

Niversphere, fellow blogger and fundamentals investor, requested for a chart on Longcheer.

Recently, it rebounded off the 0.695 support and its downtrend line with great fervor. It is bullish in my opinion. But just today it exhibited a bearish evening star plus a slight overdeviation on the upper bollinger. The trader instinct says it is potential short opportunity(gotta check if Phillips CFD has this on the list... =P).

If you are waiting to buy, I suggest waiting for a few more days. I expect a small technical decline the next few days and then a continuation in the uptrend.

As always, I could be wrong. So keep your cutlosses in place, be it for your long or short positions.

Hope this helps and keep the requests coming(so I have content to fill)!!!


Technorati Tags: ,






DISCLAIMER:
In no event will the author of this blog be liable for:
(i) any incidental, consequential, or indirect damages (including, but not limited to, damages for loss of profits, business interruption, loss of programs or information, and the like) arising out of the use of or inability to use the service, or any information, or transactions provided on the service, or downloaded from the service, or any delay of such information or service. Even if the author has been advised of the possibility of such damages, or
(ii) any claim attributable to errors, omissions, or other inaccuracies in the service and/or materials or information downloaded through the service.
By using this blog, you consent to the agreement as specified above.