Midas    Last:0.192   -

Midas

maybe after the Q2 report  on 07Aug

richtan      ( Date: 04-Aug-2009 10:01) Posted: Yes, I agree with u, touching 90 should not be any problem, it is a matter of time. keepnosecrets      ( Date: 04-Aug-2009 09:52) Posted: It will likely break up to above 90 cents this week, because as you can see from Rich Tan's charts the trendline of the upsurge has not been touched. It either goes to touch it and proceed from there or touch it and fall downwards. But I think touching 90cents is quite positive

 

Yes, I agree with u, touching 90 should not be any problem, it is a matter of time.

keepnosecrets      ( Date: 04-Aug-2009 09:52) Posted: It will likely break up to above 90 cents this week, because as you can see from Rich Tan's charts the trendline of the upsurge has not been touched. It either goes to touch it and proceed from there or touch it and fall downwards. But I think touching 90cents is quite positive. Laulan      ( Date: 04-Aug-2009 09:26) Posted: Will be good if it can break 90 cents and stay above that and aims to crack this mid July08 high from there.

 

It will likely break up to above 90 cents this week, because as you can see from Rich Tan's charts the trendline of the upsurge has not been touched. It either goes to touch it and proceed from there or touch it and fall downwards. But I think touching 90cents is quite positive.

Laulan      ( Date: 04-Aug-2009 09:26) Posted: Will be good if it can break 90 cents and stay above that and aims to crack this mid July08 high from there.

 

Will be good if it can break 90 cents and stay above that and aims to crack this mid July08 high from there.

 

this is quite strange. the two directors also sell the same amount of shares on 17 jul, and buy back on 24 jul.

richtan      ( Date: 03-Aug-2009 18:50) Posted: Insider transactions - as at 01/08/09   Midas Hldgs Ltd     24-Jul-09   Chen Wei Ping                                     Buy            30000                       n.a                              17.16                         18.14 Midas Hldgs Ltd     24-Jul-09   Chew Hwa Kwang Patrick                  Buy             90000                       n.a                              3.64                            12.52Stock Transacted   Date           Substantial  Shareholder/Director       Buy/Sell/    No of Shs ('000)     Price Per Share $    % Before Change    % After Change

 

 Retry, hate to copy n paste from pdf, always gets jumbled up:

Insider transactions - as at 01/08/09  

Stock Transacted   Date           Substantial  Shareholder/Director       Buy/Sell/    No of Shs ('000)     Price Per Share $    % Before Change    % After Change

Midas Hldgs Ltd     24-Jul-09   Chen Wei Ping                                  Buy            30000                       n.a                              17.16                         18.14

Midas Hldgs Ltd     24-Jul-09   Chew Hwa Kwang Patrick                  Buy             90000                       n.a                              3.64                            12.52

richtan      ( Date: 03-Aug-2009 18:50) Posted: Insider transactions - as at 01/08/09   Midas Hldgs Ltd     24-Jul-09   Chen Wei Ping                                     Buy            30000                       n.a                              17.16                         18.14 Midas Hldgs Ltd     24-Jul-09   Chew Hwa Kwang Patrick                  Buy             90000                       n.a                              3.64                            12.52Stock Transacted   Date           Substantial  Shareholder/Director       Buy/Sell/    No of Shs ('000)     Price Per Share $    % Before Change    % After Change

 

Insider transactions - as at 01/08/09  

Midas Hldgs Ltd     24-Jul-09   Chen Wei Ping                                     Buy            30000                       n.a                              17.16                         18.14

Midas Hldgs Ltd     24-Jul-09   Chew Hwa Kwang Patrick                  Buy             90000                       n.a                              3.64                            12.52Stock Transacted   Date           Substantial  Shareholder/Director       Buy/Sell/    No of Shs ('000)     Price Per Share $    % Before Change    % After Change

 

Below is my daily 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.

 

Oh yah, also can sing "Count on Ausgroup to make money."

178investors      ( Date: 03-Aug-2009 15:33) Posted: With National Day around the corner, shareholders will sing "Count on Midas to make money."

 

With National Day around the corner, shareholders will sing "Count on Midas to make money."

 

looking like our midas supporteres got cold feet, instead of buying up they are dumping.

now can buy cheaper and pump it up later. 120 is still the target to play catch-up.

 

Stopped my shorts 2wks ago after roti-prata chiefs got their buffetts at 755. this burger use to be ahead of my favourite Rotary but now

overtaken by the rotating one. Looks good to take some handsome profits from my rotary and pump up this midas. Aim to reach for

120 to play catch with favourite rotary.

Everyone, come join the party to pump up this burger.

 

Below is my amended daily chart analysis (correction for the dark cloud cover and bearish engulfing error)

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.

 

Hi jasonsg,

Not to worry, we are matured adults, nothing to be offensive at all, we are here to exchange pointers and must agree to disagree.

The rules of recognition of shooting stars:

1. Prices gap up after an uptrend (yes, Midas is in an uptrend and gapped up)

2.A small real body is formed near the lower part of the price range. (Yes, fulfilled)

3. The upper shadow is at least 3 rtimes as long as the body (almost, very close to 3)

4. The lower shadow is virtually non-existent or very short. (yes)

5. It is not a major reversal signal.

A inverted hammer looks exactly as a shooting star, except tat it appears in a downtrend

whereas a shooting star appears in an uptrend.

When a shooting star condtion is fulfilled, it will forms a mkt top but a fake shooting star

does not result in trend reversal, thus cause a continuation of the uptrend, hence will not form a mkt top.

Yes, I too do not just rely on candlestick, I also look at the mkt in perspective together with FA and

confirmation of other indicators.

My purpose of posting this chart of fakes candle is to create an awareness and alert newbies and fellow TA practitioner

not to be tricked by such fakes and best to wait for confirmation.

Hope this clarifies. 

jasonsg      ( Date: 02-Aug-2009 20:29) Posted: hi, richtan, I misunderstood what u mean.Anyway the chart of midas looks healthy until now. but this chip greatly fall behind sti, which is pretty disappointing, even though it is a manufacture company (which is not usually the persue of the market). Two points i want to mention. 1. a star stick should have a very small body, so i think last friday start are not really star (more like a reverse hammer). 2. a shoot star is only meaningful when it is at top or at bottom, so i think lot of ur fake shooting star are not really "fake shooting star". I think the only meaningful indicator in this chart is bearish engulfing one.    This might not be relavant, the candle stick anlysis is quite sensitive and actually have a lot of what ur called "fake indicator". In real world i always combine this analysis with my "average line" as well as sector and STI analysis. Anyway, i am not offensive, and i actually also a TA lover even though i also read a lot of finacial sheet.

 

hi, richtan, I misunderstood what u mean.Anyway the chart of midas looks healthy until now. but this chip greatly fall behind sti, which is pretty disappointing, even though it is a manufacture company (which is not usually the persue of the market). Two points i want to mention. 1. a star stick should have a very small body, so i think last friday start are not really star (more like a reverse hammer). 2. a shoot star is only meaningful when it is at top or at bottom, so i think lot of ur fake shooting star are not really "fake shooting star". I think the only meaningful indicator in this chart is bearish engulfing one.    This might not be relavant, the candle stick anlysis is quite sensitive and actually have a lot of what ur called "fake indicator". In real world i always combine this analysis with my "average line" as well as sector and STI analysis. Anyway, i am not offensive, and i actually also a TA lover even though i also read a lot of finacial sheet. 

 

Ooops, sorry about the mistake in the chart, should be "fake bearish engulfing", not "fake dark cloud cover", labeled wrongly. .

The black candle after the 1st candle at the beginning of the chart (ie before 9th March), is a fake  'dark cloud cover"

richtan      ( Date: 31-Jul-2009 23:28) Posted: Below is my daily 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.

 

Hi jasonsg,

To learn more about shooting star, do an internet search on "shooting star candlestick"

 

Hi jasonsg,

No offence intended, from your post, I know u dun even know wat is a shooting star.

My view too is tat Midas will most likely trending up with the 15ema n 25ema providing very good support,

so even if Mon appear even a lower low n lower high black candle, I will not be unduly worried, unless,

Mon's close break below 25ema, then will I exit. But dyodd.

jasonsg      ( Date: 01-Aug-2009 11:07) Posted: I think friday's shoot is not so fake. look at the intraday chart, majority (80%) of the volume occur when the price is rising. which is actually very healthy chart, indicating that this chip will cheong next week. I dont know how to upload pic, but u can see that in yahoo. richtan      ( Date: 31-Jul-2009 23:28) Posted: Below is my daily 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.

 

Hi jasonsg,

Just for your info, a shooting star, by definition, is supposed to be bearish, but it is a fake unless it is confirmed the following day

on close by a lower low and lower high black candle.

Look at my chart below of all those fakes, ie not confirmed by a lower low and lower high black candle the following day.

But in any case, did u notice tat for Midas, the 15ema n 25ema has been providing very strong support,

For me, unless there is a closing break below the 25ema, will I exit, but of course,

the final trading decision is up to individual, thus why I always say, dyodd, as nobody is responsible

for our losses n blame nobody but ourselves for any losses.

jasonsg      ( Date: 01-Aug-2009 11:07) Posted: I think friday's shoot is not so fake. look at the intraday chart, majority (80%) of the volume occur when the price is rising. which is actually very healthy chart, indicating that this chip will cheong next week. I dont know how to upload pic, but u can see that in yahoo. richtan      ( Date: 31-Jul-2009 23:28) Posted: Below is my daily 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.

 

I think friday's shoot is not so fake. look at the intraday chart, majority (80%) of the volume occur when the price is rising. which is actually very healthy chart, indicating that this chip will cheong next week. I dont know how to upload pic, but u can see that in yahoo.

richtan      ( Date: 31-Jul-2009 23:28) Posted: Below is my daily 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.