China Sports   

China Sport

Instense pressure here.

 

I won't comment about the pattern form but I take it as a test for holding power if I am in.
Base on the weekly chart (see my earlier posting) short interruption in price is what I could say. (see chart)



Just for reference.

 

Do not forget share prices is to gauge a company in the future (6-9 months) :) I am saying there are certain shares that really went up too much but some still tons of room to grow. and remember what i say this Q3.. belongs to S-Chip :) 

iPunter      ( Date: 03-Jul-2009 08:45) Posted: One thing I've learned long ago is not to hold any opinion of  the market by way of 'growth' or any other mass digested fundamentals, for that matter ... hehehe...

 

One thing I've learned long ago is not to hold any opinion of  the market by way of 'growth'

or any other mass digested fundamentals, for that matter ... hehehe...  

 

It will not go over -55 pts with the current growth in singapore. With all the right factors we are seeing in china and singapore. Nope :)

iPunter      ( Date: 03-Jul-2009 08:24) Posted: So you think -55pts is impossible?... hehehe...

 

 

Today STI will be in the range of  + 20 to -35 range.

I dont think we should be panic about what happen to DJ. DJ drop is expected. GM went down and massive people got cut, its only natural that job cut up more than expected.

US has its worst and this is truly the first step of recovering taking effects. Q2 results of most US based company might not be good. But for China Bases will be different. 

We should look towards China economy to be fair for this burger.

 

 

O.O lol really ? richtan

Hold - We will try out best today. Its gonna be tough today but we will hold  our defence

 

Wow!! I feel "embarrassing" n exhilarating   tat a branded "average trader" pointing out

the folly   (or deceptive ploy) of a "supreme" trader, a King of the KIngs of SSBBs

by using TA chart (haha... so called use as a guide only but can detect something which our "supreme" trader

fails to notice unless it is a deceptive ploy).

richtan      ( Date: 02-Jul-2009 21:10) Posted:   newtothis, u so garang to shout "Gonna Touch 0.16 TODAY", wat say u,   neither yesterday nor today did it touch 0.16?? Actually, I initially had no intention of doing a TA on CSI as this is a TA detractor's baby n  a nemesis of TA but as he/she is so intense in druming up with buy calls with intense one-liners n criticising TA, I feel compelled to do justice to TA practitioner, I finally decided to do a chart analysis, hope fellow TA practitioners can exchange pointers with me n correct me any mistakes.   richtan      ( Date: 02-Jul-2009 01:33) Posted:  did it toch 0.16?? Tomoro maybe or maybe not.

 

Oh yah, when I say threshold of pain, I refers to cut-loss point, unless your threshold of pain is high, it is your spare cash tat u are prepared to throw away if (touch wood again) CSI insolvent n delisted, total losses, otherwise, there is always chances of recouping your losses.

richtan      ( Date: 02-Jul-2009 23:21) Posted: Hi fartist, Nothing to be scared lah, part n parcel of trading. Depending to your holding power n threshold of pain, if u can hold, nothing goes down forever, the day will come when it turns up again, just sit the roller-coaster ride loh n u can turn from losses to profit, unless touch wood, something goes wrong with CSI lah fartist      ( Date: 02-Jul-2009 21:45) Posted: Thanks for sharing bintang, im holding on with at 19cents and 15cents. This is one scary ride and i hope i'll not regret it.

 

Hi Bintang,

Thanks for your info. Indeed daily chart look ugly. Have to agree with u. (Will not comment too much for the pattern) Let see whether it break through the recent support at 14 cents. See chart for historical support.

Week chart still ok (not that bad). Price is still supported by the 25 days MA.

Up trend (positive divergence)still intact. See chart.

Just for reference.

Bintang      ( Date: 02-Jul-2009 20:13) Posted: China Sports 's chart looks so ugly ,both the daily n weekly GMMA longer term had already crossed the shorter term , this indicates that the trend is still weak . the down side target is at 12.5 cents now .

 

Hi fartist,

Nothing to be scared lah, part n parcel of trading.

Depending to your holding power n threshold of pain, if u can hold, nothing goes down forever, the day will come when it turns up again, just sit the roller-coaster ride loh n u can turn from losses to profit, unless touch wood, something goes wrong with CSI lah

fartist      ( Date: 02-Jul-2009 21:45) Posted: Thanks for sharing bintang, im holding on with at 19cents and 15cents. This is one scary ride and i hope i'll not regret it.

 

Wow u got 0.19.........

Emm even average yr 0.15 & 0.19, u will get 0.17.

Emm tomorrow see how things go. Actually need not be afraid as we are only at STI 2320.82 now.

When good time ( STI may surge to 3500 or more) come u will recover bk & even profit. But at a condition, u are using spare money to hold loh.

If not, than have to put a cut lost target.

fartist      ( Date: 02-Jul-2009 21:45) Posted: Thanks for sharing bintang, im holding on with at 19cents and 15cents. This is one scary ride and i hope i'll not regret it.

 

100% agree !

richtan      ( Date: 02-Jul-2009 21:46) Posted: U r right, on 26th, it tested the support-turned-resistance at 0.165 n failed to break above it, which is an extremely bearish sign. Bintang      ( Date: 02-Jul-2009 21:39) Posted: China Sports fell out from a descending tringle on 17/06 and struggled back on 25/6 n 26/6 trying to overcome the situation but failed . The height of the triangle is 21 cents , the breakout point is 16.5 cents , therefore the target must be 12 cents .

 

U r right, on 26th, it tested the support-turned-resistance at 0.165 n failed to break above it, which is an extremely bearish sign.

Bintang      ( Date: 02-Jul-2009 21:39) Posted: China Sports fell out from a descending tringle on 17/06 and struggled back on 25/6 n 26/6 trying to overcome the situation but failed . The height of the triangle is 21 cents , the breakout point is 16.5 cents , therefore the target must be 12 cents .

 

Thanks for sharing bintang, im holding on with at 19cents and 15cents. This is one scary ride and i hope i'll not regret it.

 

China Sports fell out from a descending tringle on 17/06 and struggled back on 25/6 n 26/6 trying to overcome the situation but failed . The height of the triangle is 21 cents , the breakout point is 16.5 cents , therefore the target must be 12 cents .

 

Thank you for sharing, anyone knows when the 2nd quarter result is out?

 

Thanks RichTan ..........Emm noted.

richtan      ( Date: 02-Jul-2009 21:31) Posted: I may be right or wrong as TA is not infallible, but looking at my chart posting, the support is at 0.12 (support from 26/11/08 to 2/12/08 n the confluence with the lower sloping support line) or b4 0.12 but it needs to be confirmed with reversal pattern dealer0168      ( Date: 02-Jul-2009 21:13) Posted: So easy want 0.16 than 0.16 meh. There are many BB around............ not only one. Ya btw RichTan, so that means 0.125 (that Bintang mentioned) is the worst that it will fall before picking up?

 

I may be right or wrong as TA is not infallible, but looking at my chart posting, the support is at 0.12

(support from 26/11/08 to 2/12/08 n the confluence with the lower sloping support line) or b4 0.12 but it needs to be confirmed with reversal pattern

dealer0168      ( Date: 02-Jul-2009 21:13) Posted: So easy want 0.16 than 0.16 meh. There are many BB around............ not only one. Ya btw RichTan, so that means 0.125 (that Bintang mentioned) is the worst that it will fall before picking up?   richtan      ( Date: 02-Jul-2009 21:10) Posted:   newtothis, u so garang to shout "Gonna Touch 0.16 TODAY", wat say u,   neither yesterday nor today did it touch 0.16?? Actually, I initially had no intention of doing a TA on CSI as this is a TA detractor's baby n  a nemesis of TA but as he/she is so intense in druming up with buy calls with intense one-liners n criticising TA, I feel compelled to do justice to TA practitioner, I finally decided to do a chart analysis, hope fellow TA practitioners can exchange pointers with me n correct me any mistakes.