If the stock price remain yo-yo for quite some time, it means that the stock is stuck within a trading range.
Breaking out of this range still has many possibilities.
1. A real, strong and meaningful breakout of course is everyone's wet dream.
The stock erupts and a violent surge follows, causing the stock price to move drastically higher.
2.  Bluff you breakouts.
Many small time traders can easily discover a stock stuck in a trading range.
After accumulating some shares, they act big, they think they can be the stock pipe piper.
These small timers then eat the stock causing the breakout..
Initially some traders will follow...
but once the buying momentum fades...
oh oh... the tipu breakout alarms starts to ring out loud..
and very soon the stock will falls back inside the trading range.
3. A stock could always still fall back to it's breakout point after breaking out...

I am not good or neither am I comfortable employing such tactics in my trading.
LOL! Maybe I am lousy.
And I don't like the waiting...
Waiting for a stock to breakout from its trading range is like trading a 9 month option...
everyday sitting and waiting.....
like waiting for a woman to give birth.. hehe
It can be very frustrating one...
and then when it breakouts...
we also have to pray that it breakout upwards... and not downwards...

Shit! After typing so long, I realise this is not your question. LOL!
A bollinger breakout is when the stock price closes above the bollinger band.
Yes, sometimes when a stock breakout from its trading range, depending on how strong the breakout, it could also break above the bollinger band.

 

JCY....

all bad news out already

I have a feeling that this is the selling climax, looking at the vol and price movement for the past 3-4 weeks

But don't expect the price to straight shoot up lor... the HDD industry is dying. Unless JCY have something up their sleeve, I don't think the company can recover.... 

Any other interesting stocks?

Need more stuff to look at.

Forgot all about this thread. 

Being a noob is never an excuse.
Can't see the tradesignum chart.
Apparently I guess you cannot link the chart url.
Instead you have to save the chart as a picture file, then load the picture onto lowyat.

I like to see the bigger picture.
The most significant thing you can see is the EXTREMELY strong trend that started Sep 2011.
Draw THIS trend line out.
Where is the stock trading now?
What does this suggest to you?
Does it look like that CURRENTLY Padini is not just consolidating but it has broken that strong uptrend of 2011?
And does it not look as if Padini has been trading on a new downtrend a couple of months already?
And if you agree that this is a downtrend, should you and do you want to be in a stock that this trending downwards?
Is it wise?
Where do you think the next support line?
So many questions and so little answers from me.

Ahhh Padini's hai...
Yes, many Xilai and chey-chey and tai kar chey do likes their Vinci hai...
But Padini is not only a hai store.
It sells clothes and in the fashion retail industry, Padini is facing severe competition.
The stuff Padini sells and the stuff their competitors sells, where can compare.
I would say for every 6 shopper, five would rather be in shops like Uniglo or HM.
It's a tough industry really.
Look at retailer like Parkson.
Business has slowed down and competition is tough.
And .... ho ho ho ... thanks to the BOOOOOOMing REITS industry, shopping malls rentals are more likely to increase than decrease.
Also consider this other implication.
Hai sells good.
Clothings no good.
But in fashion clothings inventory, the inventory should have a limited 'life-span'.
If the fashion goes out, what good is the left-over inventory?
Does this sound like a strong booming sector to be in long term?

Which reminds me of Teng Boo's ICAP. 2 out of 5 of the fund's biggest holding is in Parkson and Padini.
Both faces a huge wall of concern and uncertainty..
Can ICAP deliver as promised by Ah Boo come 2020?

But Ah Boo got plenty of diehard fanci.
They will note that ICAP owns a lot of Padini shares (IINM the value is more than 40 million) and because of this factor, you might see some wannabe long term investor wanting to buy Padini... all because Ah Boo's fund own shares in it.

TSH: Divergence between price and MACD spotted, price currently at support level, with hammer also spotted at this level.


TSH

Ah Tan, how are you?
Make good money this round?