Hi Alex, actually i have same chart with him, using UOB will result RSI 68% and POEMS will result 56%

sigh...which one is correct??? Thanks for highlighted this matter, i never realize this different will kill me

1. He uses Price-Volume Divergence over the period of 1 year. Price-Volume Divergence is used in short-term trading within 1 to 2 months from a trend change. It become meaningless to use this analysis for more than 3 months.

Instead, he should use Price-MACD analysis for this case. However, the Price-MACD analysis shows that GoldenAgr is heading up, not down, and there is no indication of this uptrend not sustainable.

2. He used 50D MA as resistance level and 200D MA as support level. I never seem any analyst uses MA as resistance or support level. MA is used as an indication of sentiment momentum and price movement momentum, not resistance/support level.

Instead, he should draw resistance line and support line based on past prices and use that to determine resistance and support level.

3. His chart's RSI (14d) is just below 70, but when I generate my charts for different platforms my RSI (14d) is always below 60. To some analysts, an RSI above 70 is considered over-brought.

How did he get his RSI to near 70?

Hi Care to share whats wrong with the chart?  Very interested to learn and take advice from

you guys the experts and sifus. Cheers!!!

Hi Care to share whats wrong with the chart?  Very interested to learn and take advice from

you guys the experts and sifus. Cheers!!!

Hi marubozu1688,

There is so many things wrong with your analysis that I don't even want to comment.

I know you are trying to drive people to your website, but at least I expect you to do a correct analysis.

Your analysis is so wrong that I doubt you really trade in the stock market.

People who don't know about TA may think what you said are reasonable, but expert analysts will look at your analysis and laugh.

I'm seldom so critical and not trying to make you look bad, but your analysis will get many newies into the wrong thinking and loss money without knowing the real reason.

Hi marubozu1688,

There is so many things wrong with your analysis that I don't even want to comment.

I know you are trying to drive people to your website, but at least I expect you to do a correct analysis.

Your analysis is so wrong that I doubt you really trade in the stock market.

People who don't know about TA may think what you said are reasonable, but expert analysts will look at your analysis and laugh.

I'm seldom so critical and not trying to make you look bad, but your analysis will get many newies into the wrong thinking and loss money without knowing the real reason.

Hi sarsar,

I don't use Stochastics for my TA.

Stochastics is good for short-term trading between 1 and 2 weeks.

You are right that Stochastics shows that GoldenAgr is over brought and it would come down for a couple of days.

In fact, GoldenAgr is already going through a consolidation phase as I'm typing this post.

However, I'm a mid-term trader, I'm looking to hold GoldenAgr for as long as the Bull Runs, this may range from 1 months to 9 months.

From its MACD, MA30, RSI and Volume data, I can see that GoldenAgr could be one of the good running stock in this Bull Run.

This Bull may ends in July or run till the end of the year, I don't know, but I'm prepared to ride this Bull.

Good luck to all.

Hi sarsar,

I don't use Stochastics for my TA.

Stochastics is good for short-term trading between 1 and 2 weeks.

You are right that Stochastics shows that GoldenAgr is over brought and it would come down for a couple of days.

In fact, GoldenAgr is already going through a consolidation phase as I'm typing this post.

However, I'm a mid-term trader, I'm looking to hold GoldenAgr for as long as the Bull Runs, this may range from 1 months to 9 months.

From its MACD, MA30, RSI and Volume data, I can see that GoldenAgr could be one of the good running stock in this Bull Run.

This Bull may ends in July or run till the end of the year, I don't know, but I'm prepared to ride this Bull.

Good luck to all.

Hi alexchia01,

Am looking at the Stochastics, it is showing as over bought and likely a downtrend coming (the blue line pointing downward), but the MACD is like moving up.... pls enlighten us.

Thanks!