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How to Swing /Opportunity / Position Trade?

target price for Capitaland reach 3.80. :) see previous post for set up. Profit 10cents for swing trade. Today,saw stamford tyres did a triangle breakout. This is a longer term trade. The time it take to form the triangle pattern will be equal to the time trade price is reach based on chart pattern analysis

read here for more details.

extraceted from blog :

"traditional technical analysis on chart pattern, you are able to project 2 things from triangles pattern.

1)projected price target

2)time to reach projected price target

so how does one calculate the project price target for a triangle breakout?

First look the largest base of the triangle , calculate the difference between the  highest price and lowest of the base .

Next add the amount to the point where the triangle broke out.

Example of Stamford Tyres:

Lowest price of the triangle is 0.26

Highest price of the triangle is 0.335

The difference is 0.075

Using this difference  and added it to the point where the triangle breakout.

Point where triangle broken out 0.325

Projected price target will be 0.325 + 0.075 = 0.40

You can read more on symmetrical triangle here

Incidentially, this is also the next major resistance of stamford tyres. I have posted my price target of stamford tyres on the 8th Nov. The price 40 cents!!! coincidence? maybe not :)

How about the time ? what is the projected time for the price target to be reached. The beginning of the chart pattern is 16/9/2010 , so it was 63 days ago.

Using 63 days to add to today date will give you 19-20 Jan 2011.

Please do read and do your homework and technical analyis is about probability and study of history ."

 

Swing Trade: 10ma , 20ma ,40 ma sloping down indicate longer term tide. CCI ,representing the short term wave up goes to overbought. Overall , view or short is heading down. Stop loss at previous day high.Trigger was yesterday at 3.91 Immediate Support is about 3.80.

 

Position Trading for Stamford Tyres.

 

YangZiJiang is testing it resistant at 1.43. See chart here

 

Late day breakout before market closing for YangZiJiang. 

 

Armstrong got setup, CCI is at low and today it got triggered at 0.435

www.collinseow      ( Date: 06-Jul-2010 12:38) Posted: Hu Li Yang preview , I am going . ganclmm      ( Date: 06-Jul-2010 12:12) Posted: Hu Li Yang is coming to S'pore for investment summit 2010, any one going for the preview session? any way it's free.

 

Hu Li Yang preview , I am going .

ganclmm      ( Date: 06-Jul-2010 12:12) Posted: Hu Li Yang is coming to S'pore for investment summit 2010, any one going for the preview session? any way it's free.

 

Hyflux follow up
July 6th, 2010 admin Posted in Opportunity Trading, Technical Analysis | Edit | No Comments »


Posted on 18th Jun http://www.collinseo...s-index/hyflux/

Hyflux meeting resistance. See whether any positive coming out , can be a case of buy on rumor ,sell on news.It don’t look like casual buying.

Posted on 29th Jun http://www.collinseo...cement-as-told/

Hyflux also pause at resistance see http://www.collinseo...s-index/hyflux/

Today in Strait Times, there were talk about newater meeting 50% of our water needs. Another case on buy on rumor , sell on news.

This is what happen after that

 

Hu Li Yang is coming to S'pore for investment summit 2010, any one going for the preview session? any way it's free. 

 

Usually when the masters like this Mr Hu makes a comment,

     not many people will believe...

             And that is the real beauty of it... 

 

When the world was facing the “financial tsunami”, Mr. Hu Li Yang accurately predicted that the US stock market would rebound in 6 months from October 2008.  Indeed, the stock market rebounded in March 2009.

 

 

Any one here heard about Hu Li Yang? In Chinese people called him “亚洲股市教父”“华尔街神童”

 

should tell earlier .. ma. so . what is price that i can go in. ?? and the target price ???

 

SMRT was triggered for swing trade today.

 

Capmallsasia broke the long term downtrend line.

 

F&N broke out of symmetrical triangle.

 

Chart pattern formations in progress: Double top for OCBC and symmetrical triangle for F&N.

 

Capitamall has now pulled back to support of 1.89. Only enter long when it clears today's high of 1.92.

 

You can roll over...

 

Technically shorting is more risky since there is some constraint of holding shorting position time period.

iPunter      ( Date: 17-May-2010 00:35) Posted: In fact, almost every stock is a good shorting candidate... But then, one must short at the right time... Because shorting and buying are equally risky!... If it's so easy, then all the stock coaches will "tan bo jia" (can't make much in coaching)... hehehe...