then again, it may be the BBs' attempt to lower prices for their accumulation.. the TA (credits to richtan's webbies and some studying) of CHHX looks good..
i'll wait and see for a while longer..
anfield_76 ( Date: 15-Jun-2009 09:36) Posted:
yup, the silent accumulators accumulated silently and people started selling obviously and caught the silent accumulators off guard... that's my "theory"
Alemak, wat happen to me this morning, keep seeing wrongly, the support 15 are closing on 15/6, 17/6 n 20/6 on daily chart n between 13/6 to 20/6 on weekly chart
richtan ( Date: 15-Jun-2009 09:39) Posted:
OOOps, sorry for my mistake, the final support should be at 15 cts ( closing on 13/4/09) as 16 cts is its intraday high.
All trades should preferably be based on closing price
richtan ( Date: 15-Jun-2009 09:24) Posted:
CHHX had intraday broke its 17.5 support but it cpuld be a fake intraday breakdown n there is further support at 16 cts, I will take a final gamble n take profit tomoro if it closes below 16 cts as I had bot around 7 cts..
OOOps, sorry for my mistake, the final support should be at 15 cts ( closing on 13/4/09) as 16 cts is its intraday high.
All trades should preferably be based on closing price
richtan ( Date: 15-Jun-2009 09:24) Posted:
CHHX had intraday broke its 17.5 support but it cpuld be a fake intraday breakdown n there is further support at 16 cts, I will take a final gamble n take profit tomoro if it closes below 16 cts as I had bot around 7 cts..
richtan ( Date: 12-Jun-2009 23:03) Posted:
Make an effort to learn TA n practice regularly by taking any charts, cover-up all the candles, apply & test your knowledge, reveal the candles one by one n see whether your analysis is right or wrong, ask why u go wrong (but remember, at times your analysis is right but the candles just simply goes against u for watever unknown or unforseen reason or events, TA is never 100% right), keep practising regularly to sharpen your skill n post your analysis in the forum so tat u can also learn from fellow forumers comments.
I m not claiming tat I m an expert, till today, I m still learning n praticising wat I had learnt 20 yrs ago, occasionally, I would post my analysis, hoping tat fellow forumers can comments so tat I too can learn from them.
Dun just look at the daily charts, it is good to also step-back into a longer timeframe like weekly n monthly charts to get clearer picture.
Below is my analysis, I may be right or wrong, feel free to comments so tat I too can learn from fellow forumers.
Looking at the daily n weekly n monthly charts, I find tat the weekly chart of Hongxin shows a much clearer picture.
Looking at the weekly chart, it shows a bullish flagpole with pennant, which is usually a continuation pattern.
On a break-up n close above 19.5. target 26 cts (project the flagpole upwards), on a break-down on a close below 17.5, I would cut-loss.
yup, the silent accumulators accumulated silently and people started selling obviously and caught the silent accumulators off guard... that's my "theory"
CHHX had intraday broke its 17.5 support but it cpuld be a fake intraday breakdown n there is further support at 16 cts, I will take a final gamble n take profit tomoro if it closes below 16 cts as I had bot around 7 cts..
richtan ( Date: 12-Jun-2009 23:03) Posted:
Make an effort to learn TA n practice regularly by taking any charts, cover-up all the candles, apply & test your knowledge, reveal the candles one by one n see whether your analysis is right or wrong, ask why u go wrong (but remember, at times your analysis is right but the candles just simply goes against u for watever unknown or unforseen reason or events, TA is never 100% right), keep practising regularly to sharpen your skill n post your analysis in the forum so tat u can also learn from fellow forumers comments.
I m not claiming tat I m an expert, till today, I m still learning n praticising wat I had learnt 20 yrs ago, occasionally, I would post my analysis, hoping tat fellow forumers can comments so tat I too can learn from them.
Dun just look at the daily charts, it is good to also step-back into a longer timeframe like weekly n monthly charts to get clearer picture.
Below is my analysis, I may be right or wrong, feel free to comments so tat I too can learn from fellow forumers.
Looking at the daily n weekly n monthly charts, I find tat the weekly chart of Hongxin shows a much clearer picture.
Looking at the weekly chart, it shows a bullish flagpole with pennant, which is usually a continuation pattern.
On a break-up n close above 19.5. target 26 cts (project the flagpole upwards), on a break-down on a close below 17.5, I would cut-loss.
ycgoh06 ( Date: 12-Jun-2009 22:26) Posted:
Your comments and advice are very much appreciated.
selling pressure erupt,,,,,,,,,,,,with cash but no dividend,,,,,,,,,,,,,,,,shoes market overtake by small like china esrtate and china spart,,,,,,,,,,,,,,,,,,,,,losse to low end,,,,,,,,,,,cannot beat hightend,,,,,,,,,,,,,,middle level buyer lower theie demand liao,,,,,,,,,,,,,,,,,,,,some go for hight end,,,,,,,,,,,,,,,,,,not a good signl
China's retail sales rose 15.2 percent in May year on year to 1 trillion yuan ($147 billion), the National Bureau of Statistics (NBS) announced Friday.
The growth rate was 0.4 percentage point higher than the April level.
Urban retail sales rose 15 percent to 684 billion yuan, while rural sales were up 15.6 percent to 318.8 billion yuan.
From January to May, retail sales stood at 4.88 trillion yuan, up 15 percent from a year earlier, according to the NBS.
Wholesale and retail sales rose 15.1 percent to 848.6 billion yuan year on year in May, while catering and hotel activity were up 17.2 percent to 141.1 billion yuan.
Make an effort to learn TA n practice regularly by taking any charts, cover-up all the candles, apply & test your knowledge, reveal the candles one by one n see whether your analysis is right or wrong, ask why u go wrong (but remember, at times your analysis is right but the candles just simply goes against u for watever unknown or unforseen reason or events, TA is never 100% right), keep practising regularly to sharpen your skill n post your analysis in the forum so tat u can also learn from fellow forumers comments.
I m not claiming tat I m an expert, till today, I m still learning n praticising wat I had learnt 20 yrs ago, occasionally, I would post my analysis, hoping tat fellow forumers can comments so tat I too can learn from them.
Dun just look at the daily charts, it is good to also step-back into a longer timeframe like weekly n monthly charts to get clearer picture.
Below is my analysis, I may be right or wrong, feel free to comments so tat I too can learn from fellow forumers.
Looking at the daily n weekly n monthly charts, I find tat the weekly chart of Hongxin shows a much clearer picture.
Looking at the weekly chart, it shows a bullish flagpole with pennant, which is usually a continuation pattern.
On a break-up n close above 19.5. target 26 cts (project the flagpole upwards), on a break-down on a close below 17.5, I would cut-loss.
ycgoh06 ( Date: 12-Jun-2009 22:26) Posted:
Your comments and advice are very much appreciated.
richtan ( Date: 12-Jun-2009 22:09) Posted:
This is not an inducement to buy or sell.
On wat basis u said "dont think it will hold its ground next week", appreciate if u can substantiate n share your TA analysis or info or is it just base on your emotional thoughts?
Heed my advice, read up trading books on TA (if u are interested, do a search under my username, richtan as I had recently recomended some trading books n "Free Tutorial on TA" websites), to trade without knowledge n doing your homework but instead based on emotions is very disastrous, as in any trade, u need to learn the ropes of the trade, otherwise, it is just pure gambling.
Trading should be based on informed decision n calculated risk n not based on gambling.
The fact tat u need to cut-loss obviously shows tat u had entered a trade without first analysing the chart n had entered during the recent correction after the sharp run-up from 0.055.
Your comments and advice are very much appreciated.
richtan ( Date: 12-Jun-2009 22:09) Posted:
This is not an inducement to buy or sell.
On wat basis u said "dont think it will hold its ground next week", appreciate if u can substantiate n share your TA analysis or info or is it just base on your emotional thoughts?
Heed my advice, read up trading books on TA (if u are interested, do a search under my username, richtan as I had recently recomended some trading books n "Free Tutorial on TA" websites), to trade without knowledge n doing your homework but instead based on emotions is very disastrous, as in any trade, u need to learn the ropes of the trade, otherwise, it is just pure gambling.
Trading should be based on informed decision n calculated risk n not based on gambling.
The fact tat u need to cut-loss obviously shows tat u had entered a trade without first analysing the chart n had entered during the recent correction after the sharp run-up from 0.055.
newtothis ( Date: 12-Jun-2009 18:14) Posted:
dont think it will hold its ground next week. Sometime its good to cut your loss.
On wat basis u said "dont think it will hold its ground next week", appreciate if u can substantiate n share your TA analysis or info or is it just base on your emotional thoughts?
Heed my advice, read up trading books on TA (if u are interested, do a search under my username, richtan as I had recently recomended some trading books n "Free Tutorial on TA" websites), to trade without knowledge n doing your homework but instead based on emotions is very disastrous, as in any trade, u need to learn the ropes of the trade, otherwise, it is just pure gambling.
Trading should be based on informed decision n calculated risk n not based on gambling.
The fact tat u need to cut-loss obviously shows tat u had entered a trade without first analysing the chart n had entered during the recent correction after the sharp run-up from 0.055.
newtothis ( Date: 12-Jun-2009 18:14) Posted:
dont think it will hold its ground next week. Sometime its good to cut your loss.
"be able to recognize when you're reading or hearing material biased to your own side." and "忠言逆耳"
no point arguing, let time tell whether one is right or not.
some will say "see see... i told you it will drop", another will say "see see... i told you it will go up", yet another will say many many things in CAPITAL LETTERS and being chided for being emotional and some will say "TA says this, TA says that... then ended with dyodd"
you read, you digest.
if you believe, fine.
if you don't believe, fine.
if you think people benefit from your views (for/against), keep posting - else the title of this thread should be "China Hongxing - enter for those with positive outlooks only".
p.s: seriously, i am not against anyone - lest some people may think so.
p.p.s: maybe there are some people out there who are good at TA and has alternate/opposite views can present his/her cases.
Rightfully n logically, yes u are right but bear in mind tat mkts are fluid n constantly reacting to any unforseen news n events.
Any unforseen, unfavorable events or bad news (not necessary about tat particular stock, can be world events or tat industry) can change the whole scenerio, as I said TA n facts analysis are not holy grail n not casted in stones, so always set your stop-losses in case wat is bullish now turns bearish later.
syrix11 ( Date: 12-Jun-2009 11:49) Posted:
hi richtan,
from your statement "sell volume shows buyer snapping from the seller queue", does that mean that if sell vol is higher than buy vol, it signal bullish since buyers are more willing to buy at seller's price?
richtan ( Date: 12-Jun-2009 11:00) Posted:
Besides looking at the "Time n Sales", u should also take a look at "Trade Summary" at end of day n compare the sell volume vs buy volume, sell volume shows buyer snapping from the seller queue n vice versa besides looking at the weekly volume compared to past few weeks weekly volume
I really hope tat all new forumers contribute value-added postings by substantiating their postings with facts n figures, charts analysis rather than emotional postings n wild remarks n degrade this forum.
richtan ( Date: 12-Jun-2009 12:14) Posted:
As I aredi mentioned, if u think it is very dangerous, by all means, then u dun touch lor but tat does not mean everybody will not touch n scared by your posting.
I hope no offence taken as I am posting this out of concern for a fellow new forumer.
Friend, frankly, I believe u must be new to trading as I have been around in this forum for quite some time n only notice your extremely worried posting lately, my advice, if u are really keen to trade, wants to learn TA n stop worrying, then do a search under my username, richtan for the few recommended trading books & "Free Tutorial on TA" websites & learn more about TA.
Ans as I always reiterate, TA is not a holy grail, set your stop-loss if mkt turns against your analysis.
newtothis ( Date: 12-Jun-2009 11:54) Posted:
it does shows that people are willing to buy at the seller's price. It happens all the time when the share is bullish "going up"
However, China hongx is not going to cheong as some experts think. It is not as bullish as you every think...... its very dangerous share to touch.
As I aredi mentioned, if u think it is very dangerous, by all means, then u dun touch lor but tat does not mean everybody will not touch n scared by your posting.
I hope no offence taken as I am posting this out of concern for a fellow new forumer.
Friend, frankly, I believe u must be new to trading as I have been around in this forum for quite some time n only notice your extremely worried posting lately, my advice, if u are really keen to trade, wants to learn TA n stop worrying, then do a search under my username, richtan for the few recommended trading books & "Free Tutorial on TA" websites & learn more about TA.
Ans as I always reiterate, TA is not a holy grail, set your stop-loss if mkt turns against your analysis.
newtothis ( Date: 12-Jun-2009 11:54) Posted:
it does shows that people are willing to buy at the seller's price. It happens all the time when the share is bullish "going up"
However, China hongx is not going to cheong as some experts think. It is not as bullish as you every think...... its very dangerous share to touch.
Hi, do you have any forms of TA findings or unique news you are willing to share? rather than repeating its dangerous? hmmm... dangerous in what sense? And did you get "burn" from this counter before? Just curious. Thanks!
newtothis ( Date: 12-Jun-2009 11:54) Posted:
it does shows that people are willing to buy at the seller's price. It happens all the time when the share is bullish "going up"
However, China hongx is not going to cheong as some experts think. It is not as bullish as you every think...... its very dangerous share to touch.
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