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discrete sell down
Discrete0,
hahah... also called "Discrete accumulation"
richtan ( Date: 20-May-2009 23:45) Posted:
This is the so called "silent accumulation", dun "tar chow ching sir"
discrete0 ( Date: 20-May-2009 22:43) Posted:
volume quite low these days compares to previous few days.
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This is the so called "silent accumulation", dun "tar chow ching sir"
discrete0 ( Date: 20-May-2009 22:43) Posted:
volume quite low these days compares to previous few days.
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volume quite low these days compares to previous few days.
richtan ( Date: 19-May-2009 14:32) Posted:
| CHHX looks like forming the handle of a cup, expect it to shoot up once the handle is formed. Cheers. |
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CHHX looks like forming the handle of a cup, expect it to shoot up once the handle is formed. Cheers.
oh hi! thanks alot for your personal views on the counter! at least i have an understanding of it now... of course, no one can predict the market trends 100% accurate. I understand that. Okie, thanks alot again. Hope to learn from you and the friendly rest in this forum again. 
Oops, typo error, 1st support should be 18, not 16
richtan ( Date: 17-May-2009 02:03) Posted:
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Looking at the chart, to me, it is having a mild correction, not serious reversal, support around 16, follwed by 17 ct (14sma), followed by 16 ct (16 April high & 25sma), 14sma, 25sma & 50sma all still trending up, generally up vol more than down vol.
But this is my analysis, I'm not beholden if I'm wrong, as no TA is 100% guaranteed. Dyodd.
weishen81 ( Date: 15-May-2009 17:17) Posted:
Hi richtan, sorry to trouble u! is the performance of CHHX these few days considered a reversal sign? or just a general market correction thingy? Do you have any views on it? Sorry me new in trading. Thanks! And anyone in the forum kind to advise as well? Thanks!
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Looking at the chart, to me, it is having a mild correction, not serious reversal, support around 16, follwed by 17 ct (14sma), followed by 16 ct (16 April high & 25sma), 14sma, 25sma & 50sma all still trending up, generally up vol more than down vol.
But this is my analysis, I'm not beholden if I'm wrong, as no TA is 100% guaranteed. Dyodd.
weishen81 ( Date: 15-May-2009 17:17) Posted:
Hi richtan, sorry to trouble u! is the performance of CHHX these few days considered a reversal sign? or just a general market correction thingy? Do you have any views on it? Sorry me new in trading. Thanks! And anyone in the forum kind to advise as well? Thanks!
richtan ( Date: 08-May-2009 01:05) Posted:
| Markets is basically ruled by "greed & fear", at times have no logic, wat is overbought can be even more overbought. I will only sell unless I see a reversal sign |
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Hi richtan,
sorry to trouble u! is the performance of CHHX these few days considered a reversal sign? or just a general market correction thingy? Do you have any views on it? Sorry me new in trading. Thanks!
And anyone in the forum kind to advise as well? Thanks!
richtan ( Date: 08-May-2009 01:05) Posted:
Markets is basically ruled by "greed & fear", at times have no logic, wat is overbought can be even more overbought. I will only sell unless I see a reversal sign.
richtan ( Date: 08-May-2009 01:01) Posted:
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I m a patient trader, I dun believe have to trade in & out everyday to make money.
I can wait for the S-chips dust to settle, of course, keeping my fingers cross tat CHHX is not one of those rotten apples.
I m prepared to dump it if it is proven to be a rotten apple but let profits run.
I always remember the trading maxim: "Cut-losses short & let profits run". |
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price dropping on high volume, means profit taking and not advisable to enter now right ? Thanks
keep for a few yrs ba
ppdghius ( Date: 10-May-2009 10:25) Posted:
| I bought at 0.09...What is a good price to sell? |
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I bought at 0.09...What is a good price to sell?
Congrats to those holding CHHX, shooting up on extremely high volume.
richtan ( Date: 08-May-2009 12:09) Posted:
Running up now on high volume.
richtan ( Date: 08-May-2009 12:06) Posted:
| CHHX is running up now, broke above 19.5 resistance, good luck to those who had bought & are patient. |
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Running up now on high volume.
richtan ( Date: 08-May-2009 12:06) Posted:
| CHHX is running up now, broke above 19.5 resistance, good luck to those who had bought & are patient. |
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CHHX is running up now, broke above 19.5 resistance, good luck to those who had bought & are patient.
Markets is basically ruled by "greed & fear", at times have no logic, wat is overbought can be even more overbought. I will only sell unless I see a reversal sign.
richtan ( Date: 08-May-2009 01:01) Posted:
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I m a patient trader, I dun believe have to trade in & out everyday to make money.
I can wait for the S-chips dust to settle, of course, keeping my fingers cross tat CHHX is not one of those rotten apples.
I m prepared to dump it if it is proven to be a rotten apple but let profits run.
I always remember the trading maxim: "Cut-losses short & let profits run".
callim22 ( Date: 07-May-2009 18:26) Posted:
Hahaha.. Realised that richtan and myself had been a loyal fan of China Hongx.. Had been following CHHX so closely since its drop in Oct 09 till now. Sure a tough period to endure through with this counter.
Anyway, it had definitely break its $0.16 point and reach a good high of $0.19 today. Had sold all mine today to take a healthy profit since it is presently overbought. Will still come back once it reach a good low or support again. I still love this counter as the company is still fundamentally cash rich. Only problem is that it is too cash rich and not generating good profit per share. If it can manage the money it had better, I'm sure lots of people will take up this counter and keep it for future :) |
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I m a patient trader, I dun believe have to trade in & out everyday to make money.
I can wait for the S-chips dust to settle, of course, keeping my fingers cross tat CHHX is not one of those rotten apples.
I m prepared to dump it if it is proven to be a rotten apple but let profits run.
I always remember the trading maxim: "Cut-losses short & let profits run".
callim22 ( Date: 07-May-2009 18:26) Posted:
Hahaha.. Realised that richtan and myself had been a loyal fan of China Hongx.. Had been following CHHX so closely since its drop in Oct 09 till now. Sure a tough period to endure through with this counter.
Anyway, it had definitely break its $0.16 point and reach a good high of $0.19 today. Had sold all mine today to take a healthy profit since it is presently overbought. Will still come back once it reach a good low or support again. I still love this counter as the company is still fundamentally cash rich. Only problem is that it is too cash rich and not generating good profit per share. If it can manage the money it had better, I'm sure lots of people will take up this counter and keep it for future :) |
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My stop-loss & trailing stops are manually keep track based on end-of-day candles decision for next day, when it confirms break-down & hit my stops, I will exit the following day.
I dun do it intraday as at times it is a fakeout, hit your stop-loss only to later on in the day to bounce up, kena play-out.
aircraft ( Date: 07-May-2009 21:13) Posted:
Hi RichTan, which brokerage firm you use have stop-loss and trailing stops functions ? My brokerage for s'pore trades don't have these services unlike the US brokerage which have much much more functions to use. Thanks.
richtan ( Date: 04-May-2009 11:52) Posted:
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It is useless to ask for things like recomended entry & target price.
Just remember trading rules 101: "Set stop-loss when entered a trade, cut losses short & let profits ride with trailing stops".
If u ask 7 blind men, all will give different reply, so have to look at the elephant & decides yourself, as nobody is answerable to your pockets.
TA wise, it has been going up for 3 days now, forming higher highs & higher lows & break above the 15sma. |
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