Downtrend for TWSPlant


support level at 2.20


This one no need to further emphasize

I saw some short term possibility last week and JCY manage some reprieve from its downtrend on Monday.
However, as mentioned before, there are many things I see and talk male chicken about but yet I make no commitment.
Yes, what I talked about is not backed by actual trade.
You have to believe me, I am very picky on my trades.
I won't trade unless the stock is in my comfort zone.
JCY certainly isn't in my comfort zone.
A year ago, JCY started its out of the world rebound.
From rebound, the stock just would not stop and it climb and climb.
It became urban legend amongst punters and traders.
As you know two months ago, it 'suddenly' gave away.
Some of those traders/punters would be caught dead cold and are now what you called forced investors.
As it fell to 1.20+, those who weren't caught, thought is was cheap enough to punt/trade.
That failed and those became forced investors too.
I believe many tried again when it was 1.00+.
They just didn't believe that JCY could be a penny stock again.
They thought JCY was cheap.
They tried and they punted/traded.
That failed too and another batch of forced investors again.
Stock now is below 0.80.
If not a nimble or swift trader, such a stock is risky to trade.
This downtrend is huge.
Any good meaningful technical rebound will take a long time to form because I believe there are a lot of forced investors/stale bulls stuck in this stock.
Some of them will SELL at any strength in any rebound.
This is my view on JCY and I am not good enough to trade it profitably.

Now, how does this compare to FCPO?
I dunno.
Like I said the other day, I won't be surprised if FCPO trades below 2k but you better take a truckload of garam because I, repeat, I don't trade FCPO and I will not put any money to back what I am saying here.
Basically I trade within my comfort zone and I won't change this strategy at all.

Plantation stocks?
I am not going to touch them.
Also, remember, we are only starting to see the big falls.
Why rush?
Never rush if you want to be a bottom lover.
Remember stocks are a game of waiting.
You wait to buy and you wait to sell.
Meantime, just talk male chicken if have nothing else better to do.

Boon, agree with u, can talk male chicken while waiting for the true tough company eh

Below 2k is going to create the world record for diving, the drop from 3k to 2.2k is about 25%. Btw, 2k should be the support level, just my 2 kupang

yhtan:

With FCPO plunging, I doubt if TSH can hold 2.20.

TSH



TWSPLNT



Also, with these cpo prices, earnings will be badly hit, at least, for the next 2 quarters.
Now is not a good time to bargain hunt.
Let the stock prices fall first.
Then observe...

World record diving?
LOL! For a moment, I thought you wrote world record for talking male chicken.

Do you remember my brief wind talk on GCB and cocoa prices?

Chart: http://www.tfc-charts.w2d.com/chart/CC/W
Early March 2011, cocoa prices hit 3826.
Early Decemeber 2011, cocoa prices fell to as low as 1898.
Now I got no count math machine, mmm 6 how many percent fall.
Lagi teruk now is 20 past 12.
I am very sleepy.

that's why i keep male chicken about FCPO only..

just look see look see.. FCPO 1 contract RM6k or 5k more expensive than FKLI...

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But well, I know of 2 ppl who said their system works better on FCPO more than FKLI.

Oh ya, palm oil has some correlation with soybean futures... Do check that out.

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.

Agreed.

Telcos are better than Plant.

My chicken little thinking

This post has been edited by SKY 1809: Oct 3 2012, 09:03 AM

Hi, what platform is that you use to see FCPO?

Quinn: I thought numbertwo mentioned he was using OSK188 software.

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

kueyteow, what charting platform is that?

Ya, hiding in my chicken little bunker

Green Tone is not bad.

This post has been edited by SKY 1809: Oct 3 2012, 09:13 AM

Edwin did made some technical comments about it too. See previous page.
And I note that turbochart had marked 35 sen as the breakout point for Redtone.

Earnings result out next month.

Just wonder how do you guys draw the trendlines. By connecting shadows/wicks to shadows/wicks or body to body? tq.

Have to monitor closely, i believe most of the company do hedging to lock in profit and probably bad result come in months later

This post has been edited by yhtan: Oct 3 2012, 09:27 AM

Make use of Goog.
Google the phrase 'how to draw trendlines'.
https://www.google.com.my/search?q=how+to+d...lient=firefox-a
You can learn a lot from those hits.

today is bear bear day oh..

Tq. it will help a lot.