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8781-8800 of 10484
Thats the spirit!
From OCBC Investment Research:
Midas's firm order book of 1.4 billion yuan (S$296 million), more anticipated contract wins in Sept - Nov 2009... will serve to under-gird valuations"
    
Patience has its virtues. |
Trade Summary now shows more buy-up:
| WEIGHTED AVG PRICE : 0.8302 |
LAST DONE PRICE : 0.835 |
| SPREAD/PRICE RATIO : 0.0000 |
AVG TRADE SIZE : 28.649 |
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Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by rating it as "bad post", accumulating for yourself and your
next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing.
This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Note tat the centreline also so happens to be the 50ema.
richtan ( Date: 03-Sep-2009 10:25) Posted:
Looks like the centerline is again acting as a support as in past 5 occassions, now bouncing up from it.
richtan ( Date: 02-Sep-2009 21:51) Posted:
Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by rating it as "bad post", accumulating for yourself and your
next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing.
This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Looks like the centerline is again acting as a support as in past 5 occassions, now bouncing up from it.
richtan ( Date: 02-Sep-2009 21:51) Posted:
Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by rating it as "bad post", accumulating for yourself and your
next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing.
This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Hi shweli,
Hi jazzoff,
U r most welcome but remember, do not follow my charting blindly as I m a mere mortal w/o divine powers n may also be wrong, so dyodd n BOSAYOR.
The fibo lines also serve as support n resistance, when any of the % line is broken upward n price close above it, tat resistance is broken, on subsequent pullback, if it did not break below it, it becomes the support but if it again broke below it, it again becomes a resistance.
Look forward to your chart posting to exchange pointers, dun worry about mistakes, we all learn in the process, tats why I post my chart, not to show-off my skill, but to exchange pointers n learn from others.
shweli ( Date: 03-Sep-2009 00:25) Posted:
Hi richtan, I m learning your TA all the way and help a lot help to decide to me. Thanks. One more question. Regd to Fibo, how to diff. Resistance and Support? Thanks.
richtan ( Date: 03-Sep-2009 00:10) Posted:
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Hi raymondho,
I m using chartnexus "draw parallel line" feature joining the high to high in a downward direction and then drag the lower parallel line down to the lowest low possible (see my chart to understand).
See below chart on fibo retracement, the current price of 0.81 is between 23.6% to 38.2%,.
CCI, MACD, RSI, etc are all lagging indicators.
MACD has not yet show any crossover as I mentioned it is a lagging indicator.
To see leading indicator, must know how to spot reversal candle:
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Hi jazzoff,
U r most welcome but remember, do not follow my charting blindly as I m a mere mortal w/o divine powers n may also be wrong, so dyodd n BOSAYOR.
Read my reply to raymondho below on how I draw the parallel line, it serves as resistance n support.
Look forward to your chart posting to exchange pointers, dun worry about mistakes, we all learn in the process, tats why I post my chart, not to show-off my skill, but to exchange pointers n learn from others.
jazzoff ( Date: 03-Sep-2009 01:36) Posted:
Hi richtan, Many thanks to your TA sharing and teachings. Having observed your TA analysis and read up the recommended websites and books, the learning process had been valuable and I am very grateful to you for that as I am still in the formative stages of picking up TA. Similar to other forumers in this thread, I too am vested in this counter and have been doing a little charting to plan my trade albeit the steep learning curve. However, please pardon me for asking a silly question as I am still a little unclear about certain charting techniques: Could you kindly explain the significance of the diagonal blue parallel lines and how do you determine where they are drawn. Please kindly advise. Thank you.
richtan ( Date: 02-Sep-2009 21:51) Posted:
Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by rating it as "bad post", accumulating for yourself and your
next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing.
This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Its about time my friend.
HUAT AH
Hehe, my boss has loaded this multi-bagger at dip, despite the MACD, boss says that low volume trade make people nervous, so catch the opportunity. US Employment got better for the last 3 report, more to come, so the folks on CNBZ and Bloomingbug thinks that too, he is going to load more if it goes down further...SSE is not going to crash, red gharmen just cooling the speculative fever a bit, so great for s-chip bargain hunting. When DOW goes green for the next 3 days, hehe boss may gimme a bonus..
Hi richtan,
Many thanks to your TA sharing and teachings. Having observed your TA analysis and read up the recommended websites and books, the learning process had been valuable and I am very grateful to you for that as I am still in the formative stages of picking up TA.
Similar to other forumers in this thread, I too am vested in this counter and have been doing a little charting to plan my trade albeit the steep learning curve. However, please pardon me for asking a silly question as I am still a little unclear about certain charting techniques: Could you kindly explain the significance of the diagonal blue parallel lines and how do you determine where they are drawn.
Please kindly advise. Thank you.
richtan ( Date: 02-Sep-2009 21:51) Posted:
Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by rating it as "bad post", accumulating for yourself and your
next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing.
This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
|
|
Hi richtan,
I m learning your TA all the way and help a lot help to decide to me. Thanks. One more question. Regd to Fibo, how to diff. Resistance and Support?
Thanks.
richtan ( Date: 03-Sep-2009 00:10) Posted:
|
Hi raymondho,
I m using chartnexus "draw parallel line" feature joining the high to high in a downward direction and then drag the lower parallel line down to the lowest low possible (see my chart to understand).
See below chart on fibo retracement, the current price of 0.81 is between 23.6% to 38.2%,.
CCI, MACD, RSI, etc are all lagging indicators.
MACD has not yet show any crossover as I mentioned it is a lagging indicator.
To see leading indicator, must know how to spot reversal candle:
raymondho ( Date: 02-Sep-2009 23:33) Posted:
Hi! Richtan,
Your chart clears all doubt, agree with you, most probably will reverse up very very soon.
May I ask you from where you got the trend channel? It looks more indicative for Midas.
When I use Fibo retracement, Midas may face with downturn force to 0.80 at 61.8% supported by MACD as well as CCI.
Just my finding, subject to correction from the forumers. Thanks a lot.
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Hi raymondho,
I m using chartnexus "draw parallel line" feature joining the high to high in a downward direction and then drag the lower parallel line down to the lowest low possible (see my chart to understand).
See below chart on fibo retracement, the current price of 0.81 is between 23.6% to 38.2%,.
CCI, MACD, RSI, etc are all lagging indicators.
MACD has not yet show any crossover as I mentioned it is a lagging indicator.
To see leading indicator, must know how to spot reversal candle:
raymondho ( Date: 02-Sep-2009 23:33) Posted:
Hi! Richtan,
Your chart clears all doubt, agree with you, most probably will reverse up very very soon.
May I ask you from where you got the trend channel? It looks more indicative for Midas.
When I use Fibo retracement, Midas may face with downturn force to 0.80 at 61.8% supported by MACD as well as CCI.
Just my finding, subject to correction from the forumers. Thanks a lot.
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|
Hi! Richtan,
Your chart clears all doubt, agree with you, most probably will reverse up very very soon.
May I ask you from where you got the trend channel? It looks more indicative for Midas.
When I use Fibo retracement, Midas may face with downturn force to 0.80 at 61.8% supported by MACD as well as CCI.
Just my finding, subject to correction from the forumers. Thanks a lot.
Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by rating it as "bad post", accumulating for yourself and your
next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing.
This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
There are 4 type of people that are selling Midas atm.
1) Intraday Shorters - Where they will cover it during at of the day.
2) BB performing 斗转星移 - Critical player
3) Weak holders (Contra players)
4) Margin players - Allow them to Long/short up to 30 days.
You have to ask yourself one question if you have already pay your midas @ 0.88 would you sell it @ 0.82 ? 95% of normal holders will not sell at a loss for this baby, those who sell this at a loss 99% of the time belongs to the contra players.
But how come there still people selling it ? We call these people "shorters". These people usually come in when the market sentiments are bad. Especially when US futures are still dropping @ 4pm these people start to short/sell. Hoping to buy back cheaper tomorrow or before close. However these are scenario 1.
There is another scenario which i call it 2. It involves BB performing 斗转星移. I will not explain this method. Sorry.
Lastly another scenario is, another BB started to intervene and buy whatever stocks the other side throw. It will then force the shorters to cover at a higher price. Most trades are done intraday. This is what happen to Genting.
I would say its pretty soon. Maybe Tomorrow, Friday or Next Week.
No matter - Midas will up soon. Buy whatever now join in the ride.
