Cedar Strategic   

It's Time Again

tks Pinnacle..

Hopefully it could break its resistance level..

 

Stochastics convergence is forming, RSI is tilting up.

Fibonacci is at approx. 50% point from previous high, but only slightly above 23.6% from last more significant peak.

May still have room to trend up till resistance at $0.30, depending on market sentiment.

But note that MACD and SMA has not given any indication for a break out yet, so this sudden surge may not last.

 

hmm.. wondering wat's up de sleeve of tis counter again.. today volume is one of the highest and it's edgin north again..

Just received their annual rpt.. didn't see any positive reporting leh?? Wat have i missed??

 

huatah. There are many methods to determine support and resistance level.

I used the simplest TA method to determine the next resistance, well because I'm lazy.

Last peak, which is on 29 Oct, will automatically becomes next resistance level.

 

Hi Pinnacle... tks for the sharing.. Glad to see that the management had diversified their business and enable this counter to break the resistance level of 0.305.

 

Pinnacle,  price touched upper Bollie band. Other indicators all pointing upwards bullish mood. Do you mind share how to determine next resistance at 36.5 cents?. 
 

 

Alligator, you are welcome.

The resistance has been broken. Looking for a strong finishing for the day.

Still on sight for $0.32 closing.

 

hi Pinnacle, thanks for your reply. Best of Luck

 

Testing $0.305 agian.

The resistance is stronger than what I had predicted.

 

I can only tell you so much based on my analysis.

It depends on whether you are going to take the risk. Its should not be my call to you for load or unload. You have to make your own judgement.

Maybe you should see whether its able to break the resistance of $0.305 before deciding. The market today is testing the resistance, and if not able to break it, it may fall back to below $0.30 again.

Pinnacle Elite

Posted: 05-Dec-2007 09:17

x 0 x 0

Jade into mining coal servicing contract with a term of 30 years. The company is transforming itself into service provider and gaining new contracts. Jade should heading back to $0.50 soon. RSI continue to hook up and MCAD is also showing uptrend signal. SMA had crossed 3 days ago and is continuing its 5D MA is trending higher. First level of resistance is around $0.305, which can be breached easily today by looking at the trend now. The next resistance is at around $0.365. $0.32 for a close today?

 

Pinnacle,  it broke out of 30 cents resistance already, can load some more?

 

Sound good! should be moving up soon - hope it will close high today (0.32)

 

Jade into mining coal servicing contract with a term of 30 years. The company is transforming itself into service provider and gaining new contracts. Jade should heading back to $0.50 soon.

RSI continue to hook up and MCAD is also showing uptrend signal. SMA had crossed 3 days ago and is continuing its 5D MA is trending higher. First level of resistance is around $0.305, which can be breached easily today by looking at the trend now. The next resistance is at around $0.365. $0.32 for a close today?

 

Sound like good news

 

PROPOSED INCORPORATION OF SUBSIDIARIES IN INDONESIA AND NEGOTIATIONS OF COAL MINING SERVICE CONTRACT

FYI>

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8F48C646816C7C2B482573A700270ACD/$file/JCRcoalMiningServiceContract.pdf?openelement

 

Manikamaniko.
Thank you very much, will take some time to study it.

 

AlwinL... :)

It appears that you are relatively new to the stock market....

If you are new, I would strongly recommend you get this excellent tutorial package.
Because in it you will find all the the guidance you will need for a lifetime... yes, a lifetime...

 

Thanks all for the feedbacks, still in the process of learning. Please elighten on any TA when enter the market.

 

Singaporegal is right...

Strictly speaking, one needs only look at the chart once a day, at day's end.

Day trading is not an attractive option even if you have the time to do it...as it requires great skill and concentration, and for the normal person, the risk/reward factor is simply not worth it.

 

Time & Sales may be Nickyng's fav.

Because the buy/sell volume is very critical if you want to do intra-day trade or short.