no doubt double top is hit...will CI get pass it or market force will kick it down?

quite a clear divergence in the weekly

KLCI Long Term Technical Chart, weekly and monthly..
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Feb 24 2011, 10:10 PM, updated 15y ago
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#1
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Senior Member
1,787 posts Joined: Mar 2009 From: PJ lamansara... :D |
hands were itchy at noon so took a quick look at the 5 yrs weekly and 10 yrs mthly chart... Noticed sign of divergence in the weekly chart and a clear 'double top' in both the weekly n monthly chart... Sifus, any comments?.. I made a mistake in fact by switching my bonds over to equity few days back...a little regret now but holly i'm hopping it will break this critical boundary soon!
no doubt double top is hit...will CI get pass it or market force will kick it down? ![]() quite a clear divergence in the weekly ![]() |
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Feb 24 2011, 10:58 PM
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#2
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Senior Member
5,363 posts Joined: Apr 2005 From: กรุงเทพมหานคร BKK |
you have an aura of a trader.
sincerely, i honestly feel the CI doesn't have such long memories. its not that advanced of a market yet. purely personal opinion, and it's a very interesting thing to see someone using a very long term chart. btw, good pick up on the divergence. rarely use MFI. |
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Feb 24 2011, 11:53 PM
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#3
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Senior Member
1,787 posts Joined: Mar 2009 From: PJ lamansara... :D |
not my usual practise too to look at long term(such a long one especially) but like i said , hands were itchy lol..
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Feb 25 2011, 10:27 AM
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#4
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Junior Member
82 posts Joined: Jan 2011 |
omg... shooting star
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Jun 22 2011, 08:59 PM
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#5
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Senior Member
593 posts Joined: Feb 2009 |
1) Sunway - Formed Higher Low and let wait for MACD 4R1G for another bullish round
http://edwinextremebullrun.blogspot.com/search/label/SUNWAY ( Uptrend) 2) Mitra - - Retrace towards support at 2.52 and let hop in again once it rebound with MACD 4R1G http://edwinextremebullrun.blogspot.com/search/label/Mitra ( Uptrend) 3) Seacera - Formed higher low but going to side ways ( Boring!!) - Thrown Out.. http://edwinextremebullrun.blogspot.com/search/label/SEACERA 4) Tchong - Dividen Play pattern - Potential 28% - Broke the Resistance at 4.68 and going upwards. 28% here is come baby... ( SUPER BULL) ( Uptrend) http://edwinextremebullrun.blogspot.com/search/label/TCHONG 5)Huatlai - Formed higher low and MACD 4R1G time to ride again and let hope it will break the 1.97 Resistance ( Uptrend) http://edwinextremebullrun.blogspot.com/search/label/HUATLAI 6) Airasia - Hit the resistance at 3.22 from 2.97 ( more than 5% profit good enough) but fail to go up further from Bull Flag..Now saturating and resting at 3.15 waiting for MACD 4R1G ( Wait for Signal) http://edwinextremebullrun.blogspot.com/se...abel/AIR%20ASIA 7)MHB - Formed higher higher and break new high again ake a breather and let wait for another round but cut loss at 8.13 but if rebound go collect more ( 2nd Chances with discount) http://edwinextremebullrun.blogspot.com/search/label/MHB 8)Green Packet- Broke the resistance at 0.85 with high volume yesterday but rested at 0.85. Waiting for this to go up and make 0.85 as support.( Uptrend) http://edwinextremebullrun.blogspot.com/se.../Green%20Packet 9) PBBANK - Dividen Rush and testing the 13.22 resistance which is somewhere July ( Wait for Signal) http://edwinextremebullrun.blogspot.com/search/label/PBBANK 10) DRBHICOM - Broke up from symmetrical and failed the next 3 consecutive days. Support at 2.15 ( Wait for Signal) http://edwinextremebullrun.blogspot.com/se...bel/DRB%20HICOM 11) Lion Ind - Broke the 1.63 support and went up based on rumour of Foreign Investment ( SUPER BULL) ( Uptrend) http://edwinextremebullrun.blogspot.com/search/label/LIONIND |
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