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I'm the one laughing. Haha.
oh please...say it loud and CLEAR next time...don't make me laugh!!
Well, I declared the supports (buying prices) and resistances (selling prices) before it happened. On the other hand, you only declared after it happened by saying that you bought tons at this price.
Nostradamus, Please lah......to convince me, next time declare your buying price and selling price immediately after your transections hor.
TA is suitable for all stocks. Just look at the profit I made.
Posted: 18-Mar-2006 22:51
It has good support around 57c. It may reach 70c-74c.
Bought 50 lots at 57c worth $28.5k. Sold at 74c.
Posted: 16-May-2006 11:19
Fell below 64c (EMA200). Bearish. Buy on further weakness around next resistance of 57c.
Posted: 20-May-2006 00:04
As expected, fell to 57c and then rebounded to 63c.
Bought 65 lots at 57c. Sold at 63c worth $40.95. Total profit = 43.7%.
Giving TA people the benefit of the doubt, let's say they bought at 45c, ignoring earlier trades, their current profit will be 37.8%. This is even lower than my 43.8%. This is the power of the compounding effect.
I didn't trade too much in this counter because of its low volume. If not, my profit would be higher.
People who believe in FA usually hold for a much longer time. If u look just slightly further back when the share plunged to a low of 45c.....I believe only ppl who focused on FA would have grabbed the opportunity to buy big time. Back then the TA must be a no-no....even up to today, the TA is still showing a no-no....so I'm definitely happy with the profit I made so far on BW.......All I can only say is that, TA is not suitable for BW as pointed out by singaporegal due to the low volume....
3 Jul closed at $0.60. 4 Jul closed at $0.60. 31 Jul closed at $0.62. So that's a 3.33% gain. If it's a 3.33% monthly gain for 1-2 yrs, which is the timeframe for someone who only believe in FA, that will be great. But, in reality, it's up and down, so gains are much reduced.
From TA point of view, it looked overbought. So it only managed a 3.33% gain. This justifies the view.
Okie!
How about doing one on SGX itself? I'll start a new thread called "TA-FA contest"
How about doing one on SGX itself? I'll start a new thread called "TA-FA contest"
singaporegal, That is a good idea. I like that and it is more meaningful than doing a cut and paste and simply posting information from others web page. How about you select one and start a new tread on that?
Thanks Stockking for doing this comparison.
We should do the same for a stock that is considered a Blue Chip over a period of 2 months or so. I think this "contest" would be more accurate.
What do you think?
We should do the same for a stock that is considered a Blue Chip over a period of 2 months or so. I think this "contest" would be more accurate.
What do you think?
""Great.....so we have,
TA - forget it..... would not consider Best World
FA - Buy
TA/FA - chart shows it's overbought.
Let see what happen end of July.""
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Best World closed 62 today. It was trading at 59 cents at the point in time when we look into it. Today closing price is about 5.1% higher. To a FA investor, a gain of 5.1% in a month is great. However, to TA and TA/FA investors, a movement of 5.1% in a month is not worth looking at. So to conclude, it seemed that all have made correct decision that suit them well.
It have resistance in 0.645, volume on friday is better than normal and is in fact more than thrice its average daily volume. Can pick up but to play safe is to come in when it close abv 0.645/0.65 with volume. or buy now but sell if it cant break 0.645/50 by tuesday or wed.
A summary of Phillip's analysis can be found here....
http://info.channelnewsasia.com/bb/viewtopic.php?p=467677#467677
singaporegal, Thanks.
cashiertan, can share your TA and what make you think the TA is good now?
Hi Bullrun,
Its hard to tell the TA for this one because of the low volume and low price. The signals are mixed.
Its hard to tell the TA for this one because of the low volume and low price. The signals are mixed.
zhuge_liang and singaporegal,
Can help to confirm that there is a change in the TA signal?
This is one counter i will buy. currently in good position to go for a good decent surge to abv $0.75 in few months. Decent FA and good TA now. High Winning low risk. Go for it.
My take is slightly below $1.00.
ATLANTA, July 17 (Reuters) - Avon Products Inc. (AVP.N: Quote, Profile, Research) on Monday said it has hired more than 114,000 licensed representatives to sell its products in China, months after the cosmetics company won approval to resume direct selling there.
wah....what if Best World can replicate this !!
Nostradamus, Go to poems to read lor...or ask your borker to send it to you.