QUOTE(Boon3 @ Mar 31 2014, 12:43 PM)
Okay, what's your advice then? Bursa Trader V4
Bursa Trader V4
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Mar 31 2014, 01:47 PM
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1,568 posts Joined: Sep 2010 |
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Mar 31 2014, 02:36 PM
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15,942 posts Joined: Jun 2008 |
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Mar 31 2014, 02:39 PM
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QUOTE(Boon3 @ Mar 31 2014, 02:36 PM) Over here, all treat u like sifu already. Sure wanna ask sifu for advice lo Wanna ask one thing though, if u don't mind teaching. How exactly do you draw / define resistance / support level? Let's take any one stock as example. |
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Mar 31 2014, 02:51 PM
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QUOTE(jonchai @ Mar 31 2014, 02:39 PM) Over here, all treat u like sifu already. Sure wanna ask sifu for advice lo Wanna ask one thing though, if u don't mind teaching. How exactly do you draw / define resistance / support level? Let's take any one stock as example. Go search la.. Don't be so lazy. Their England better than mine. What I can do is... ask you this.... How do you profit from knowing resistance and support? |
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Mar 31 2014, 03:07 PM
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QUOTE(Boon3 @ Mar 31 2014, 02:51 PM) That one you ask Uncle la. Normally I try to find a support level for stocks I intend to enter so that I don't catch falling knives. I don't usually look into resistance, yet. Still learning, still learning Go search la.. Don't be so lazy. Their England better than mine. What I can do is... ask you this.... How do you profit from knowing resistance and support? |
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Mar 31 2014, 03:11 PM
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Mar 31 2014, 03:12 PM
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QUOTE(jonchai @ Mar 31 2014, 03:07 PM) Normally I try to find a support level for stocks I intend to enter so that I don't catch falling knives. I don't usually look into resistance, yet. Still learning, still learning but sometimes, many factors are driven the price leh. The chart seems ok, but, it falls. how you determine support level? |
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Mar 31 2014, 03:13 PM
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1,568 posts Joined: Sep 2010 |
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Mar 31 2014, 03:14 PM
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QUOTE(billy_overheat @ Mar 31 2014, 03:12 PM) but sometimes, many factors are driven the price leh. The chart seems ok, but, it falls. That's what I'm trying to learn. There are many types of traders, contra, charts, rumours ... You name it. I'd like to understand each type, in detail, one by one how you determine support level? |
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Mar 31 2014, 03:14 PM
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4,093 posts Joined: Jul 2011 |
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Mar 31 2014, 03:18 PM
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Mar 31 2014, 03:21 PM
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QUOTE(jonchai @ Mar 31 2014, 03:13 PM) Not exactly. Haha, I don't do that all the time. The last time I did with infortech, ended up burning few buckets of kfc. But like I said, still learning So you kena burn with infortech eh?Let's look at your Genting case. I use the other day chart... you bought at 9.70. Why? ![]() |
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Mar 31 2014, 03:24 PM
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QUOTE(Boon3 @ Mar 31 2014, 03:21 PM) So you kena burn with infortech eh? Yea, burned slightly, chopped early Let's look at your Genting case. I use the other day chart... you bought at 9.70. Why? ![]() 9.7 marked an all time low in recent weeks, back then, so that's how I justified the support. It did drop below 9.7 for a few days, and then bounced back up. |
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Mar 31 2014, 03:26 PM
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216 posts Joined: Oct 2007 |
anyone goreng NICE ?
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Mar 31 2014, 03:27 PM
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Mar 31 2014, 03:29 PM
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goreng at your own risk
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Mar 31 2014, 03:29 PM
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QUOTE(jonchai @ Mar 31 2014, 03:24 PM) Yea, burned slightly, chopped early it looks like a down trend for me and genting might need a long time to recover from it. Is it? 9.7 marked an all time low in recent weeks, back then, so that's how I justified the support. It did drop below 9.7 for a few days, and then bounced back up. The theme park is still under constructing. There's a problem with license too in europe. But like you said, it bounced back to 10.00. Any more news that will be the catalyst? I'm interested to know too. |
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Mar 31 2014, 03:29 PM
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Mar 31 2014, 03:33 PM
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Mar 31 2014, 03:34 PM
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QUOTE(billy_overheat @ Mar 31 2014, 03:29 PM) it looks like a down trend for me and genting might need a long time to recover from it. Is it? Nothing newsworthy that I know of The theme park is still under constructing. There's a problem with license too in europe. But like you said, it bounced back to 10.00. Any more news that will be the catalyst? I'm interested to know too. |
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