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Afternoon "might also" be very green. Anybody's guess. Also be equally careful.
Anyway, doesn't really matters whether today green or red, this are just noises, doesn't negate Midas strong FA and mid to long-term trend.
risktaker ( Date: 27-Aug-2009 11:39) Posted:
| Afternoon "might" be very red. Becareful. |
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Afternoon "might" be very red. Becareful.
See my posting in Swiber thread, negative write-up by DMG fyi
Laulan ( Date: 27-Aug-2009 10:37) Posted:
| Turning attention more to Swiber.
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What is my key words in my post ?
"BB wanted to Sell Higher"
risktaker ( Date: 26-Aug-2009 19:13) Posted:
Pie Seh. I say dun chase in the morning because .... midas is @ 0.87 because i "think" it will drop below that in the afternoon. If you hold this in a long run you will be fine. Contra players pray hard that US will go up today. Then hopefully the BB wanted to sell higher.
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Turning attention more to Swiber.
Luckily I followed you for some good profits. Keep away from this counter already.
Laulan ( Date: 21-Aug-2009 12:48) Posted:
I sold out on this already. Very controlled counter, please be careful.
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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" scyiptw ( Date: 27-Aug-2009 09:50) Posted:
Hi richtan, From the daily chart, it seems that Midas is loosing momentum since the 10d ROC & Momentum is pointing downward, as well as there is a divergence on the MACD slope. My personal opinion is that it might be trading between 0.83-0.88 in the near term. I am new to TA, please correct me if I am wrong.
richtan ( Date: 27-Aug-2009 09:42) Posted:
| At this point in time, green candle engulfed yesterday's green real body and riding on the 15ema wave. |
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From OCBC Investment Research:
Shanghai Stock Exchange Composite (SSEC) – Retesting the 3000 key resistance
More upside in the coming week: SSEC is likely to re-test the 3000 key support-turned-resistance level in the coming week after staging a strong rebound off its 8-month downtrend line.
Indicators show signs of a turnaround:With the RSI already showing oversold signals and the MACD showing a possible bottoming, the bearish momentum could be coming to an end soon.
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scyiptw ( Date: 27-Aug-2009 09:50) Posted:
Hi richtan, From the daily chart, it seems that Midas is loosing momentum since the 10d ROC & Momentum is pointing downward, as well as there is a divergence on the MACD slope. My personal opinion is that it might be trading between 0.83-0.88 in the near term. I am new to TA, please correct me if I am wrong.
richtan ( Date: 27-Aug-2009 09:42) Posted:
| At this point in time, green candle engulfed yesterday's green real body and riding on the 15ema wave. |
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Hi,
TA means Technical Analysis. See my advice and reply below to another forumer also new to TA
thmejlfm ( Date: 27-Aug-2009 10:20) Posted:
| Hi! I am new here. Would like to know what is TA?
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From Next Insight:
Railway-building frenzy in China
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| Written by Andrew van Buren (China correspondent) |
| Tuesday, 25 August 2009 |
The following is a translation by our China correspondent, Andrew van Buren, of a recent article on www.fec.com.cn
SGX-listed Midas Holdings designs and manufactures aluminium alloy products (above) for the production of train carriages.
BY YEAR-END 2008, China already had 29 key subway lines with 10 cities having a total of 776 kilometers of track. Annually, subway cars carried passengers on 2.21 bln separate trips last year.
Beijing, Shanghai and 15 other cities have a total of 50 tracks and 1,154 km of lines still under construction, said Mr. Lu Kehua, director of the urban/rural section of the department of Construction Bureau at the State Council.
Currently, there are approximately 27 cities in the initial planning stages for launching their own subway systems. Among them, 22 have received start-construction approval from the State Council.
Up to 2015, Beijing, Shanghai, Guangzhou and 19 other cities will have built 79 subway lines totaling 2,260 km with total investment of 882.0 bln yuan.
Earlier this year, the National Development and Reform Commission's (NDRC) Mr. Wang Qingyun, director of the infrastructure department, said the commission has already approved – or is on the verge of approving – 23 urban subway projects.
Mr. Lu Kehua said that the above approved project tallies do not include those proposed subway systems still under construction.
This means that in 2015, China will have a total of 158 lines totaling 4,189 km.
According to information from industry insiders, the entire approval process exercised by the NDRC requires at least three levels of authorization, in addition to mandating that cities under consideration for a subway system must have at least three mln inhabitants and a gross domestic product (GDP) of over 100 bln yuan.
In addition, projects should receive at least 10 bln yuan from local financing.
And as for light rail urban lines, the required figures need only be 60% of those stipulated for subway lines. Currently, 50 cities across China have plans for such systems that meet or surpass all the above requirements.
Is the credit nightmare over?
Actually, this is not the first time in China’s relatively short period of rapid economic development that several cities have had simultaneous plans to develop their own subterranean mass transit systems.
Some cities have had such dreams for decades and railcars can already be heard rumbling beneath many of their major street-level thoroughfares.
Due to concerns that a herd mentality would ensue as cities sought to keep up with their peers in the public transport drive and the status and investment that such amenities bring, the State Council on at least two occasions issued a “stop work” order and a temporary moratorium on new project approvals to prevent a frenzied nationwide subway digging campaign from getting out of hand.
In 1995, directive No.60 of the State Council issued such a “stop work” order and put a freeze on new project approvals.
In October of 2002, the State Council once again ordered subway projects across the country to halt construction. Some of the more notable projects affected by this moratorium at the time were lines in Hangzhou, Shenyang and Shanghai’s M8 line.
According to analysts, the main incentive for regulators to issue “stop work” orders is over fears that various subway projects have become bottomless pits with no clear timeframe for profitability, and with legacies that bequeath massive financial burdens to local communities for years on end.
According to industry insiders, 700 mln yuan of investment is required for each kilometer of track, which many city officials consider to be far too exorbitant and out of their respective budgets. This led to two embarrassing examples of half-finished projects in the mid-1990s due to a sudden drying up of funds in both Chongqing and Qingdao.
The conundrum is that a fast growing city economy will provide the required GDP to authorize a subway system, as well as a growing sense of pride mixed with some sense of entitlement among the hardworking denizens of the city.
But fast economic growth also encourages riskier lending practices on more generous terms that can backfire and leave city officials and planners red-faced as they stand over half-finished holes in their downtown centers.
“We are very happy to have this chance for development. If there was no global economic crisis, then applications and approvals would not be flowing in at this pace. It is both a function of the government’s drive to boost domestic demand and bolster the local economy,” said an expert on the ongoing Nanchang city subway project |
Hi! I am new here. Would like to know what is TA?
Hi scyiptw,
All these are lagging indicators, the leading indicators are the candles and its pattern, when the candles go up, it will pull up all these lagging indicators, so 1st priority is to look at the candle, its pattern, the ema and the trend, the trend is your friend.
Divergence is drawn from peak to peak not by the look of the slope, in any case, the gap between the blue and red line is narrowing and the blue line is hooking upwards.
Look at the chart and u will notice tat it is riding on the 15ema and trending up with the 25ema n 65ema.
It may have corrections in between but the trend as shown by the 65ema is trending upwards.- the trend is your friend.
Just look at any stock charts and u will notice tat stocks dun go up in one straight line, bound to have profit-taking,
corrections and consolidation.
To succeed in trading, my sincere n genuine advice to newbies:
"Learn to master TA n u are the master of your own trades."
"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"
"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade"
U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn,
dun waste your money, instead self-learn the skills n use tat money to trade).
I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills
till I m quite confident b4 start trading bcos the mkt is merciless, I rather save the money to trade and multiply it.
Those TA courses, wat they teach, all are from books, nothing new.
For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as
nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much
they input all the scientific knowledge into the software
If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.
To know how to post, search the forum for "tinypic.com"
I had created 3 threads dedicated to newbies under "General", "Trading Techniques":
1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)
2. "Some recommended good Trading and TA books" - of course u can also buy TA books.
3. "Advices to newbies" particular the 3 golden mantras.
Take your time to read and learn, dun rush, remember "Rome was not built in one day"
scyiptw ( Date: 27-Aug-2009 09:50) Posted:
Hi richtan, From the daily chart, it seems that Midas is loosing momentum since the 10d ROC & Momentum is pointing downward, as well as there is a divergence on the MACD slope. My personal opinion is that it might be trading between 0.83-0.88 in the near term. I am new to TA, please correct me if I am wrong.
richtan ( Date: 27-Aug-2009 09:42) Posted:
| At this point in time, green candle engulfed yesterday's green real body and riding on the 15ema wave. |
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Hi richtan,
From the daily chart, it seems that Midas is loosing momentum since the 10d ROC & Momentum is pointing downward, as well as there is a divergence on the MACD slope. My personal opinion is that it might be trading between 0.83-0.88 in the near term. I am new to TA, please correct me if I am wrong.
richtan ( Date: 27-Aug-2009 09:42) Posted:
| At this point in time, green candle engulfed yesterday's green real body and riding on the 15ema wave. |
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At this point in time, green candle engulfed yesterday's green real body and riding on the 15ema wave.
slow and steady wins the race..
not every stock can chiong like ausgrp..
some take slow baby steps.. others take big steps
It depends on individual strategy, a gambler, risktaker (as befits your nick) trade based on intraday price movements but a conservative EOD trader trader (like me) based on EOD data
risktaker ( Date: 27-Aug-2009 08:44) Posted:
EOD is too late :) its ok la. Different people see things differently. You have your points I have mine. Good luck today. Finger Cross
richtan ( Date: 26-Aug-2009 22:51) Posted:
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My advice is never to "think" ie pre-empt the mkt during the trading intraday, let the mkt tells u by the EOD data and plan the next day action.
This is from my peronal experience from all these years of trading n review of my mistakes made as I strive to hone and sharpen my trading skills |
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EOD is too late :) its ok la. Different people see things differently. You have your points I have mine. Good luck today. Finger Cross
richtan ( Date: 26-Aug-2009 22:51) Posted:
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My advice is never to "think" ie pre-empt the mkt during the trading intraday, let the mkt tells u by the EOD data and plan the next day action.
This is from my peronal experience from all these years of trading n review of my mistakes made as I strive to hone and sharpen my trading skills
risktaker ( Date: 26-Aug-2009 19:13) Posted:
Pie Seh. I say dun chase in the morning because .... midas is @ 0.87 because i "think" it will drop below that in the afternoon. If you hold this in a long run you will be fine. Contra players pray hard that US will go up today. Then hopefully the BB wanted to sell higher.
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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.
My advice is never to "think" ie pre-empt the mkt during the trading intraday, let the mkt tells u by the EOD data and plan the next day action.
This is from my peronal experience from all these years of trading n review of my mistakes made as I strive to hone and sharpen my trading skills
risktaker ( Date: 26-Aug-2009 19:13) Posted:
Pie Seh. I say dun chase in the morning because .... midas is @ 0.87 because i "think" it will drop below that in the afternoon. If you hold this in a long run you will be fine. Contra players pray hard that US will go up today. Then hopefully the BB wanted to sell higher.
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Pie Seh. I say dun chase in the morning because .... midas is @ 0.87 because i "think" it will drop below that in the afternoon. If you hold this in a long run you will be fine. Contra players pray hard that US will go up today. Then hopefully the BB wanted to sell higher.
