Hi taitai,

Nah... I m no expert in TA, I m sure there are other experts reading in the background.

Nobody can really advise u whether to hold or sell as all depends on individual risk tolerance n strategy, whether u r short-term, mid-term or long-term trader n your stop-loss level.

My chart posting is merely to exchange pointers with fellow TA practitioner, why not u put an effort n post your analysis, my advice (for your own good), if u r not ready or unsure, stay out of trading , spend tat time instead to read up the 3 threads I created n master TA.

If u r newbie to trading, below is my advice (whether to listen or not is up to u).

To succeed in trading, my sincere n genuine advice to newbies:

"Learn to master TA n u are the master of your own trades." - Learn how to spot reversal signs in candlestick charts for entry n exit

"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"

"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade"

Depending on your inclinations and whether u seriously want to learn TA, I had created 3 threads dedicated to newbies under "General", "Trading Techniques":

1. "Learning TA" - websites where u can learn TA for free (but of course, TA is not infallible, thus need to set stop-loss)

2. "Some recommended good Trading and TA books" - of course u can also buy TA books. Read as many TA books and money management books, it will definitely stand u in good stead.

3. "Advices to newbies" particular the 3 golden mantras (which I formulated, distilled n condensed based on all my past knowledge n read-ups).

Take your time to read and learn, dun rush, remember "Rome was not built in one day"
 
U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn,dun waste your money, instead self-learn the skills n use tat money to trade. I rather save the money to trade and multiply it).

I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills till I m quite confident b4 start trading bcos the mkt is merciless. 

Those TA courses, wat they teach, all are from books, nothing new.

For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much they input all the scientific knowledge into the software

If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.

To know how to post, follow the steps on how to post charts in "General", "Trading Techniques", "Learning TA".

taitai      ( Date: 14-Sep-2009 14:41) Posted: My interest in this counter is compounding. But the chart is not giving me any comfort, very erratic. There are no exceptionally bad news coming from the markets. Hence, by looking at the px level it is now converging with the 20day MA. Does that mean consolidation is taking place and a breakout will soon follow? In any case, I am a newbie to TAs so perhaps the experts here can give some advice. Esp, the master of TA, wru?