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may be a bit premature to say it's turning. wld stick with this for intraday/short term play only. depends a lot on the US and general sentiment now.
tanglinboy: nope. trying to raise $$ for a pair of twin friends, who are dying of an auto-immune disease, lupus. medical bills. they're so beautiful...no one should havta go through what they're going through. and can't imagine their mother. imagine your twin daughters, both dying.
Hammer it is, turning point???
SGX has been bearish for too long and the fall is drastic...
ok. thanks.
SMA = Simple Moving Average
elfin says SMA at 3 and 8 - what she means is make use of 2 SMA lines with 3 days and 8 days setting.
Hi, I'm a newbie... Wish you know wat is SMA?
Hey elfinchilde,
Why are you raising funds? Starting a business?
@scotty, no need to panic if you don't need the money right now. treat it as "FD" lor.. If you have extra cash, top it up at lower price, or you can play other counters. if heng, you can "recoup" a bit ... important thing is not to panic..
Scotty..i agree with elfinchilde. You should sell this counter while you can, going long in this market will imply that your loss will widen further.
oh dear. hadn't realised the regulars here were still holding onto sgx. apologies for that comment. but i'm really desperately trying to raise funds for my friends.
anyhow: scotty: the mid and long term prognosis for sgx is frankly not good. both via TA and FA.
if you wish to recoup, my advice is to scalp the counter.
regular patterns: dip on opening bell, then up in morn, then down in afternoon (~3 pm), then up again. That's what i mean when i say you can ride both directions in a day.
fyi. Intraday crosses. Use SMA at 3 and 8. it should eliminate most of the false signals, though you will not get the exact troughs and peaks.
(only for youuuuuuuuu! ;) )
PS: standard caveat applies even then.
Crap lah... you short it, I die.
I am still holding SGX stocks leh... from $8 levels. For the last few days, every time the market opens, I almost want to wet my pants. Die liao lah.
feeling damn lousy. couldn't short it in the morn cos my acct was down; and my other broker had told me not to short it. trying to raise funds for a pair of friends (twins) who are dying from lupus. @)*#_*@&#_(*@&#*(@&..........
intraday patterns for SGX is very easily predicted actually. you only need one tool.
nickyng is right about it being a high beta and being able to move two directions in one day. esp now when vols are thin.
$&*%(#&%&#%.....*grumpy elf*
needs to close 6.84 or above to be hammer.
Ya..Agree, this counter is for shorting and contra. Not for weak heart. Shorted in the morning at 6.8 and recover at 6.65. Saw some new buying opportunities at 6.71 and sold again at 6.85. I think i will call it a day. Happy Trading!!
this is high beta counter leh..gd for SHORTING and CONTRA...hee...
it is a double edge SAW ! :D
What's this 'support' thing we are talking about?
we shall see if SGX close with a bullish hammer today
there were some resistance spotted earlier on and mentioned at $6.85
Market change liao...last done is $6.8. Dynamic Counter!!
Elf, your calculation of 6.60 is quite zhun! Luckily I let go in the morning! Cheers!
I think it is because the trading volumes are drying up..... hence, it drops and still dropping. I think it will drop below $6 soon.