i also feel i m quite long gas.. walao.. u r writting 5000words report to me ah? LOL!
Your kelapa la. Mana ada 5000 words? Report Big Sum ah?
Good things never short.
LOL!

anyway.. why do u want to look at 5years chart when u r trading only short term ?

speculators should look at shorter period right? 
Yes and No.
Speculators of course look at the shorter period.
That is correct but for Ann Joo, you need to understand what is driving the stock.
The stock is in the steel sector and steel sector business is not good until boom boom sound.
Some losing big money too.
Therefor, in my understanding the stock is driven by the long term outlook.
What does the long term outlook of the stock says?
What does the long term chart says of the stock?
If the long term chart is so bearish, whatever short term movements of the stock is not going to change much.
Not until the long term chart reverses.
Basically, you are betting against the main trend.
Shit, out of topic and I am not going to delete the above.
The 5 year chart posted has a strong meaning.
Look at any of the charts now. The 6 month, the one year, the 2 year. What are they saying?
They are saying Ann Joo is clearly rolling down hill.
Where to?
The 5 year chart shows the possibility of where to.

The reason i posted out the chart... and also.. the reason i posted plan.. i m too good imagination for the right side for the chart.. i learnt this.. without sure confirmation.. we should not enter on it.. at least have to touch 2sens higher of my Entry price.. i cannot wait for the fish come to me.. my patient is not enough on fishing.. this is what I learnt...
Everyone bets on the right side of the chart leh.

For that 6 months chart in May of Ann Joo, you are betting ahead of an event.
You bet because you assumed a 2 kali bottom might happen.
Note this is a common trading strategy.
Remember someone posting about YTL Corp the other week?
He was betting that a 2 kali bottom could happen.
It's a justifiable bet and sometimes it will be rewarding.
The alternative is to bet when it happens.
This is the sort of kiasu method.
Look at the Ann Joo chart pattern again.
If the dua kali bottom would happen, what's the possible max result of such a trade?
Maybe a 1.92? Maybe more.
So if you enter at say 1.76, AFTER the confirmation, you could set your CL at 1.73 and still have a rewarding betting scenario.
If you goog about this, you can find debates on being early (your style here) versus being late (betting only after confirmation).
Lot's of pros and cons mentioned.

Waiting is a very important factor.
If you cannot wait, better don't play.
You wait to buy and you will wait to sell.
If you short cut this, you will short cut your profits.

Alamak! Let go so many words liao.
Someone will complain again.

If you want to survive and play this game long term, you need to develop an edge.

  although is long.. but I appreciate it very very much !

sigh.. i m slowly giving up on stock market already.. changing to FKLI.. need a lot of patients in waiting up and down..

I will follow the breakout strategy.. wait for the momentum.. go in shoot 1 2 rounds and go out.. but have to target certain price stocks only...

as I am still learning.. so I will post more charts.. and talk male chicken more... ask from the view that I feel uncertain..

@Sky gor,

How's ur view on FKLI today? bull or bear? 

A breakout is included in a technical correction.
Correct ah? 

I long and earn 2points today with 5mins chart.. lol...

yes you are right ! will learn and apply it on the right way.. 
 

so u r trading it based on news?

Not sure 

So must hedge bets before news come out. Eg before budget buy after budget sell..

SYF on the wane..

I saw.
The problem is this stock went nuts.
Right now, it is best to let the market settle and consolidate the news of the new shareholder.
And looking at the chart, I feel many are now caught holding the stock at much higher prices.
These holders will form a stale bull within the stock.
It's best to let these stale bulls clear their positions.

FKLI 5mins chart broke 1635 resistance...

CPO price keep sliding

I would also respect what these ang moh say for now.
No point being a hero now.

Saw an ascending triangle in FKLI but tot nah... can't happen... 

congratulation on those who long the market ! huat ah !

Some dealer are putting analysis on Scomi that is worth 49 cents

Scomi-wa - went up by 28%.. more scarier than futures

Bought abit at 0.075 on Scomi-Wa..

Queue to Sell at 0.095 Wish me luck

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Added on October 1, 2012, 2:17 pm

There was a buy call on the mother share but for warrant , normally TA wont put on it cause it normally follows the mother price..

oops forgot lah...   buy high sell higher...

Medufsaid: I hope I am not discouraging others about my comments. It's just personal opinion that I am a believer that one should only concentrate on doing what what they know best.

Do you trade FCPO yourself?
Any comment to share.

You were not here yesterday. Went little chicken hunting is it?