| Latest Forum Topics / China Sports |
 Post Reply
|
|
China Sport
|
|||||
|
Laulan
Master |
07-Jul-2009 14:11
|
||||
|
x 0
x 0 Alert Admin |
China Sport is poised for takeoff from my observation. I tried to queue last week at 14 cents but did not get a single lot. Yesterday has a chance and today I could not buy as my budget for short term trading is used up. Dared not take the challenge because my broker is fast with deducting my giro.
|
||||
| Useful To Me Not Useful To Me | |||||
|
waynekwek
Member |
07-Jul-2009 14:05
|
||||
|
x 0
x 0 Alert Admin |
What has caused the low volume today? Why has investors lost interest when I see many posts here saying this is a good counter? Does this indicate that the price of this counter will not pick up in the next couple of days? Any comments? |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
el7888
Veteran |
07-Jul-2009 14:01
|
||||
|
x 1
x 0 Alert Admin |
Both of you are correct! I have to admit that Volume is important. |
||||
| Useful To Me Not Useful To Me | |||||
|
pilotfish
Senior |
07-Jul-2009 13:49
|
||||
|
x 0
x 0 Alert Admin |
I agree that volume plays an important role esp with the amount of share floating in the public. The most important thing "learn through critique for improvement". I have to quote HongX as an example: March 12 2009 Volume is high but much lower than the recorded high and price pickup. Why? Positive divergence. May 26 2009 HongX has a recorded volume. The share price shoot up. The next day price trumble. Why? Negative divergence. You want another example? |
||||
| Useful To Me Not Useful To Me | |||||
|
Bintang
Elite |
07-Jul-2009 13:03
|
||||
|
x 1
x 0 Alert Admin |
For China Sports , why all the forumers n investors overlook the volume done daily , the patterns would not change if the volume is so low that never provide the sufficient strength to form the reversal patterns . So the key factor is the volume n not others . | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
el7888
Veteran |
07-Jul-2009 12:34
|
||||
|
x 1
x 0 Alert Admin |
Bitang's advise make sense too.
|
||||
| Useful To Me Not Useful To Me | |||||
|
pilotfish
Senior |
07-Jul-2009 08:59
|
||||
|
x 0
x 0 Alert Admin |
Hi bintang Hope u can see how we detect divergence. |
||||
| Useful To Me Not Useful To Me | |||||
|
pilotfish
Senior |
07-Jul-2009 08:57
|
||||
|
x 0
x 0 Alert Admin |
Well done el7888. This is my style.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
el7888
Veteran |
07-Jul-2009 08:40
|
||||
|
x 1
x 0 Alert Admin |
This is my prediction. With Dow Jone turns positive, today China Sport likely to go up. See the chart. 
|
||||
| Useful To Me Not Useful To Me | |||||
|
pilotfish
Senior |
07-Jul-2009 08:38
|
||||
|
x 0
x 0 Alert Admin |
Not that scary, as long as the positive divergence is intact there will be a rebounce.(just a matter of time). I don't think the price will touch 12.5 cts. It is does there will be a flock of investors rushing in. One thing for such, if u have observed the market, is that with a negative divergence price will come down pretty fast. Unlike positive divergence, price usually will take a longer time to rise esp with external factors and human psyscholoy. |
||||
| Useful To Me Not Useful To Me | |||||
|
pilotfish
Senior |
07-Jul-2009 00:47
|
||||
|
x 0
x 0 Alert Admin |
12.5 cts is an historical support. Once it gives way than that it.... | ||||
| Useful To Me Not Useful To Me | |||||
|
Andrew
Master |
06-Jul-2009 23:42
|
||||
|
x 0
x 0 Alert Admin |
Hi Pilotfish, What about the 12.5cts line.....any signifiance to it ?? Thanks!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
pilotfish
Senior |
06-Jul-2009 23:28
|
||||
|
x 1
x 0 Alert Admin |
OK. This is what I have form the chart. Though MACD indicator is weak, however as long as the positive divergence is still intact. A bounce is expected. 13.5 cents is also a historical support. See chart for description.
|
||||
| Useful To Me Not Useful To Me | |||||
|
dealer0168
Elite |
06-Jul-2009 22:54
|
||||
|
x 0
x 0 Alert Admin |
Now DOW is in 1st half play, 2nd half is the deciding one. Hope fr the best man.............. Cheers,
|
||||
| Useful To Me Not Useful To Me | |||||
|
Andrew
Master |
06-Jul-2009 22:51
|
||||
|
x 0
x 0 Alert Admin |
Oh....I thought STI is quite correlated to HSI....The US thing I just said is that all is falling together leh... And USD fall is rather sharp leh......
|
||||
| Useful To Me Not Useful To Me | |||||
|
dealer0168
Elite |
06-Jul-2009 22:42
|
||||
|
x 0
x 0 Alert Admin |
Recent trend is STI drop first than Dow drop. So tomorrow hope the same. Maybe a flat day for STI or a slight drop.HOPE FR THE BEST.........
|
||||
| Useful To Me Not Useful To Me | |||||
|
Andrew
Master |
06-Jul-2009 22:38
|
||||
|
x 0
x 0 Alert Admin |
I think tomorrow is going to be a red day again (for many stocks too)......DJ is down, USD is down, OIL is down, even gas is down....... | ||||
| Useful To Me Not Useful To Me | |||||
|
Bintang
Elite |
06-Jul-2009 22:09
|
||||
|
x 1
x 0 Alert Admin |
China Sports went down to 13.5 cents after hitting new high at 21 cents , later making 3 weak technical rebounds at 16.5 cents . This is also a small top formation , but the strength to push the price down is strong ,if the supporting point at 13.5 cents can not stop the falling within 3 days , then the down trend will be confirmed . The next supporting points are 12 cents , 10.5 cents and finally 8 cents . Stop loss is at 13 cents .
|
||||
| Useful To Me Not Useful To Me | |||||
|
dealer0168
Elite |
06-Jul-2009 21:37
|
||||
|
x 0
x 0 Alert Admin |
Hi Bintang, what yr view on the question i point out. Interested to know yrs as well.
|
||||
| Useful To Me Not Useful To Me | |||||
|
fartist
Member |
06-Jul-2009 21:35
|
||||
|
x 1
x 0 Alert Admin |
I'm no fortune teller but there might be 2 possibilities 1. It may rebound back to the 0.14 support level as it maybe a false breakdown and that we can only judge when market opens tmr. 2. It will test the 0.125 support level in the coming days, I'll do my best to keep you guys updated. Btw the rsi and mfi are showing negative divergence, which indicates the counter now is very weak. DYODD.
|
||||
| Useful To Me Not Useful To Me | |||||
g This is my first time posting a chart hope it would be useful to you guys out there. Do comment on how i can improve thanks!