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Hi, TonyOng76. Real life experience-- Burnt TWICE by shorting this fellow. 1st time is OK. I angry because 2nd time kenna burnt is called never learn from mistake. Got better candidates to short lah.
BTW, I also out liao.
Fast and furious! I'm done with the stock. Looks overbought now though there is still a possibibility of marginal upside in the next few days.
Potential candidate for shorting? ;)
BB come already....
DnApeh
Follow the link for an example. Apologies, i would have loved to attach a pict, but it would be too long as i've just shifted overseas and the net connection is awfully slow here. Pls not that we have not seen the formation yet, I am sticking my neck out to say that we would likely it in the coming days/weeks based on previous characteristics exhibited in YZJ's daily charts.
http://www.trending123.com/patterns/cup_and_handle.htm
We have just cleared the resistance at and around $1.92, plus broke put from the upper B-Band. This is a strong buy signal and the MA(8D) will be $1.83 if YZJ closes at $2 today. Large block buy up of 463 lots observed. The crossing of MAs will be used by others as a buy signal as early birds will benefit from it as more join in rush. We should see YZJ attempt to close the gap at $2.10.
Sorry. Type wrongly. Should be "shoulders and head" of the dragon.
Congratulations!!!
Hey, TonyOng76,
Pls explain "cup and handle candle stick"? Tks.
I see the shoulders and and of the dragon though. What we need to finally make the dragon fly is solid,solid volume......, so please do your parts, BUY!!!!
Vested, and again, and again...
The dragon is awaken ...
Must be patient ... YZJ will awake. I shall hazard a guess that we will see a cup and handle candle stick formation spanning a few days before the surge gathers steams with the price closing the ascending triangle formation. OBV, MFI 58, RSI 45 and STS 48 all rising.
Still sleeping?
Peers like Cosco and SembMar have gone on to close higher or at around pre-correction levels.
Expect YZJ to do likewise if it clears $1.90 decisively. Interim target of at least $2.10.
$2.30 seems achievable in the short term.
Once again, the dragon is stirring.......
What the outlook for Yangzijiang in the short term?
Seems like the MADC breakout for the first time since listed in Feb. Can any expert in TA pls confirm?
Price up 5% with vol 30B. Will this breaking out in MADC signify a surge to a greater high in coming week?
Not specialize in TA, hope you guys can advise. Thanks.
Hey Leying.
If you look at the post-IPO launch advert in the newspapers, you can see a balloting ratio. It simply means your application will be balloted according to the number of lots you applied for. Usually the range is for 1 lot, 2-9 lots, 10-49 lots and so on. If you apply for 2 lots, the probability of getting it is higher than if you applied for 1 lot only. However, probability will be the same if you apply for 2 lots or 9 lots as they are grouped together.
Pure luck.....this year i applied for 3 IPO, only got yangzijiang....somemore apply on the last day. the other 2 i kiasu apply on 1st day never get :)......
check with u guys ah.....IPO so easy to get meh?? I tried many times 1 or 2 lots but didn't get leh......
Is it true must get a few lots then got better chance?
ok lah, easton boy.....never lose money can already.....now try my luck on other potential IPO again,...
Sold off my 1 IPO lot at $2.15 yesterday. Very happy about it and will roll the $ into some other stocks.
This is another one that I will hold on to dearly, maybe forever. I've got it from the IPO lottery. 2 lots ...happy happy! Hopefully they will give out generous divvy too.
oops just noticed spiderks's post. NO offense pls. The reason I held on it is because since I got it so cheap. Anywhere above IPO price is profit to me.
Hey Judith! Thanks... Going forward not too sure. But hope its on its way up... probably will maintain up to National Day! Somemore fabulous market sentiments. Economy better than expected. Hope the people are out to play.