You mentioned about the "reverse", do you imply the supporting level or resistance level?
If you are mentioning about the support level, the supporting value is at 54.5 centshe target at 63 cents on 04/08 , reversed n turned down , Thursday (20/08) touched 54.5 cents n rebounded .
Bintang ( Date: 22-Aug-2009 08:44) Posted:
You mentioned about the "reverse", do you imply the supporting level or resistance level?
If you are mentioning about the support level, the supporting value is at 54.5 cents.
baliem ( Date: 30-Jul-2009 22:26) Posted:
Hi Bintang,
Assuming that the reverse is true, may I check the resistance level? Seems to me that it's between 0.565 to 0.575. Many thanks in advance mentioned about the "reverse", do you imply the supporting level or resistance level?
If you are mentioning about the support level, the supporting value is at 54.5 cents.
baliem ( Date: 30-Jul-2009 22:26) Posted:
Hi Bintang,
Assuming that the reverse is true, may I check the resistance level? Seems to me that it's between 0.565 to 0.575. Many thanks in advance!
Bintang ( Date: 30-Jul-2009 22:05) Posted:
| The width of the channel is 14 cents , so if 63 cents could achieved with very high volume , then the upside target is 77 cents . But the channel must confirm to be broken then the next uptrend could be formed . There are a few conditions to confirm a valid breakout |
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The trend is still intact n doing some correction is good for going up again . The best correction is correction without retracements .
victorian2 ( Date: 31-Jul-2009 10:08) Posted:
Bintang,
how is Mermaid looking technicals wise in the next 2months?
Right now. Can see the standard pump and dumb approach by BB without little regards to the T+3,4,5 accumulation and pump approach adopted. The momentum is pretty amazing.
right now, can see 76.5 is their accumulation price point.
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Bintang ( Date: 22-Aug-2009 09:07) Posted:
| I asked the forumers who invest in Mermaid to be cautious , but also told them it worth to keep for longer term , all these based on TA as well as FA . |
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I asked the forumers who invest in Mermaid to be cautious , but also told them it worth to keep for longer term , all these based on TA as well as FA .
Epure had hit the target at 63 cents on 04/08 , reversed n turned down , Thursday (20/08) touched 54.5 cents n rebounded . Bintang ( Date: 22-Aug-2009 08:44) Posted:
You mentioned about the "reverse", do you imply the supporting level or resistance level?
If you are mentioning about the support level, the supporting value is at 54.5 cents.
baliem ( Date: 30-Jul-2009 22:26) Posted:
Hi Bintang,
Assuming that the reverse is true, may I check the resistance level? Seems to me that it's between 0.565 to 0.575. Many thanks in advance mentioned about the "reverse", do you imply the supporting level or resistance level?
If you are mentioning about the support level, the supporting value is at 54.5 cents.
baliem ( Date: 30-Jul-2009 22:26) Posted:
Hi Bintang,
Assuming that the reverse is true, may I check the resistance level? Seems to me that it's between 0.565 to 0.575. Many thanks in advance!
Bintang ( Date: 30-Jul-2009 22:05) Posted:
| The width of the channel is 14 cents , so if 63 cents could achieved with very high volume , then the upside target is 77 cents . But the channel must confirm to be broken then the next uptrend could be formed . There are a few conditions to confirm a valid breakout |
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You mentioned about the "reverse", do you imply the supporting level or resistance level?
If you are mentioning about the support level, the supporting value is at 54.5 cents.
baliem ( Date: 30-Jul-2009 22:26) Posted:
Hi Bintang,
Assuming that the reverse is true, may I check the resistance level? Seems to me that it's between 0.565 to 0.575. Many thanks in advance!
Bintang ( Date: 30-Jul-2009 22:05) Posted:
| The width of the channel is 14 cents , so if 63 cents could achieved with very high volume , then the upside target is 77 cents . But the channel must confirm to be broken then the next uptrend could be formed . There are a few conditions to confirm a valid breakout |
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Hi victorian2 , since u r investing in mermaid , this is my advice , always buy when it retreats n hold for a longer term , for this a good counter with sound fundamental n uptrend is intact , u would see the result in the near future .
victorian2 ( Date: 04-Aug-2009 12:00) Posted:
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Bintang,
Have been trading the counter since last week. just kept buying in at the intra da high and selling at the mid levels of the intra-day highs. Profitable though so I'm not really complaining. Not prices not low enough to buy in significantly unlike 2 months ago. One of those major misses when the counter retaced back to 50cs... I didn't buy. Bought in at 67 to 70c and 79c yesterday.
Bintang ( Date: 04-Aug-2009 06:56) Posted:
| Good morning victorian2 , in fact mermaid would not go into correction in the near term , it would have only intra day retracement n is good for going up further , let the profit grows but set tight stop loss protection |
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cheongwee ( Date: 21-Aug-2009 23:28) Posted:
I believe those who listen to him and go to epure also make $...but if they will to stay here...they make a bomb...when they went over to epure , the px of both counter was abt the same if iam not wrong....check..
those who went over to epure and read this post now know ...you fail...but ..you must be responsible for your action..he call,,,you follow your mistake..he is blameless..
iremember it is the smart money...
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No need to predict as long as you are holding on to good stocks.. ,,,,
the transition to bear markets also need to take sometime.... you can tell when every piece of the news has the words uttered "bubble" --- ie. property bubbles, stock market bubbles... , followed by concrete actions by all the central banks such as increasing long term interest rate.... and at such time, you have made 500-1000% gains on your holding, please take profits and reduce exposure
Not to worrry for me, I dun fall in love with any stock, the moment, based on my TA interpretation (again, I dun profess tat I m near-GOD like HS Dent, as TA is not infallible), I spotted any reversal sign, I will not hesitate to exit, but of course I m not oblige to announce in this forum everytime I enter or exit any stocks.
TA is based on past data, predicting the future.
My belief is, just read wat HS Dent write, be mindful of wat he wrote but dun worship him like GOD, he is afterall also a mere mortals, so no guaranteee 100% wat he said will always materalise, otherwise he will be a prophet, there are many past instances of well-known guru eg this lady (call her XXX), once prophetic but subsequently fallen from grace and recently trying to regain her shine and draw attention with her calls by riding under the coattails of a reputable brokerage. cheongwee ( Date: 22-Aug-2009 00:51) Posted:
But if you are still in SAR..base on TA...you will waste your $ here....put them in mermaid..
SAR will not run as fast as in the past, no doubt your TA is a record of SAR past...
the past is dead....long live the future...it is those who predict weel the future..in advance as accurate as HS dent..will prosper..
even those who use TA say something abt " sense that the party is over"
it will most likely be over with them still looking at their TA.. |
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mario1...look out for hyfluxwaterT come next wk...good nite.
But if you are still in SAR..base on TA...you will waste your $ here....put them in mermaid..
SAR will not run as fast as in the past, no doubt your TA is a record of SAR past...
the past is dead....long live the future...it is those who predict weel the future..in advance as accurate as HS dent..will prosper..
even those who use TA say something abt " sense that the party is over"
it will most likely be over with them still looking at their TA..
And using TA, we hope to identify where the BBs are and tag along and ride on their coattails. cheongwee ( Date: 22-Aug-2009 00:34) Posted:
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that is a good question? if only we know...we be rich, but i am all ear on the market,,,and so far i manage to follow thro...though not all,,but so i am doing ok ..esp for this rally,, ..i cant say more..sorry...but that doesnt means i bluff you..
BB ...smart $ move stock..and market
mario1 ( Date: 22-Aug-2009 00:25) Posted:
| How do you know where the smart money will go next |
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But i will be out by Oct...that is for sure...
and for mario1...just you watch Mermaid , Liheng and latest one i hear is HyfluxwaterT..lookout for this..hyfluxwt come Monday...we see.. mario1 ( Date: 22-Aug-2009 00:25) Posted:
How do you know where the smart money will go next?
cheongwee ( Date: 21-Aug-2009 23:28) Posted:
I believe those who listen to him and go to epure also make $...but if they will to stay here...they make a bomb...when they went over to epure , the px of both counter was abt the same if iam not wrong....check..
those who went over to epure and read this post now know ...you fail...but ..you must be responsible for your action..he call,,,you follow your mistake..he is blameless..
iremember it is the smart money...
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I sincerely appreciate your kind warning, it is good, such warning constantly remind us about irrational exuberance.
As a trader, we must always be alert n nimble, like wat u mentioned, birds pecking foods.
The birds are alert will pecking foods but they are not overly overwhelmed by fear tat it had phobia n stopped pecking n missed all the good food. In a nutshell, be nimble n alert will continuing pecking at the mkt.
Like wat u said "at first, i though July...but never expect it last till now", likewise probably in the not so distant future, u may also says "at first, i though July...but never expect it last till now.. subsequently, I thought late summer... but never expect it last beyond late summer".
I m not saying u or HS Dent are wrong, anything is possible, jusy have to stay alert, knows when to exit when we sense the party is going to be over, tats all. cheongwee ( Date: 22-Aug-2009 00:21) Posted:
no worry...but my apology if i say thing that cannot go well with you ppl...
but really, the time is getting shorter and the risk of staying is much greater than in June.
at first, i though July...but never expect it last till now..
but the longer the rally is, the more sorrowful will the many people here be..also later...
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that is a good question? if only we know...we be rich, but i am all ear on the market,,,and so far i manage to follow thro...though not all,,but so i am doing ok ..esp for this rally,, ..i cant say more..sorry...but that doesnt means i bluff you..
BB ...smart $ move stock..and market mario1 ( Date: 22-Aug-2009 00:25) Posted:
How do you know where the smart money will go next?
cheongwee ( Date: 21-Aug-2009 23:28) Posted:
I believe those who listen to him and go to epure also make $...but if they will to stay here...they make a bomb...when they went over to epure , the px of both counter was abt the same if iam not wrong....check..
those who went over to epure and read this post now know ...you fail...but ..you must be responsible for your action..he call,,,you follow your mistake..he is blameless..
iremember it is the smart money...
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