You know this isn't a bad idea at all.
Not at all.

I mean... if one is missing out on some OnG stock rally....
This could be a decent consideration trade option.

I got my laptop with me now...
I can pull it out....

u late already... this massive pivot resistance line for 6 month sudah breakout...

u see the buying volume also slowly exhausted already....

just wait few days u will see the price consolidate.

u want to enter also kira fibonacci retracement ratio first wants it hit that low u can masuk in tranches....

but for me this counter already hit its highest price point in shortest time possible...

next uptrend the gain wont be this great....

Dont' malas.... sini


Anyway...

as it is... the live chart is showing this...



which makes the handle looking way too cacat.


see this is why one needs to wait patiently (which means one will be buying higher) for the handle to develop and wait for the breakout from the handle...

why?

this is risk management of the trade...
you do not want to be too early...
and assume a pattern will be formed...

many a times... fail patterns will happen.

other example would be the Double Bottom plays....

Good comments Max.

Yea only noticed this after it brokeout. So now with the buying volume exhausted, will see how the price react is the best course of action. Tried fibo before but doesn't really suits me though.

Most likely will paper trade this one.

Nice

O&G is still the continuing play when trading, very promising.

Dialog PE >20 lo....

Erm.. do correct me if i shouldn't use FA ratio when we're discussing bout its TA...

Since when I care the last time?
The last Traders Koptiam was open for how many years?
Did I say no PE, FA etc etc?

Just don't go be a jerk and try talking like an investor in a traders forum ma....

Some stocks have a relative high PE over its time span...

Question is ...

1. Did it not deserve it?

when others OnG players (like fabricators and what not) ... they got hit bad .... and huge losses were recorded...

How did Dialog do?
Check out Dialog's last 10 years profits...

Does it not deserve its premium pricing?

2. If unsure, there's a simple thing you can do... (shit... I am not hard selling this DIE stock... )

check the PE band range over the last 5 years.

3. Check out the growth rate.

4. Do some profit estimations for the coming quarters/years *this one ask Ah Gark Gor Gor *

etc etc etc....

in short...

some stocks can fly despite its high PE

alright, wanna confirm so that won't be stepping on the wrong toes

Betul juga, still making profits.

So wait break at 88 sen...

but the 'handle' is getting out of shape with the stock trading sideways/lower...
plus no oomph in volume (no demand)...

atm ... it's looking like a failed pattern.


see .. this is a point to remember...
the market is traded daily...
what u see the other day...
ur views could change as the next few trading days 'pattern' changes...

this is one point...
'some' cannot brain too much...

they will say...
oh u traders are so full of shit...
the other day...
say this and that mah...
today change opinion pulak....

it will happen and it will continue to happen....

it's normal.

so therefor.... for this instant moment that... wait for 88 sen... can buang oredi...


That's why la...
them traders always talk ayam one...


hohohoho....

the volume contracted by a lot yesterday as expected...
but further contraction did not happen today as the stock regained its strength....

LOL!

See I failed to get this rite, hor....




* and this is why I am not an active trader *



How about you?

Am guessing you dived in yesterday...
and made good money today...

yes?

dived? to sea ar?
stock market i watching show je...
i see alot stock switch hand la..
i was watching fcpo and fkli thn NK news haha

I kena few times before coz follow greed chase that high point...rugi big amount but my profit in other trades cover it la....

I only permit u buy on high once it cross not more than 5% of the pivot resistance line.

Same as what Jesse Livermore advice.

My style currently is heavy on Elliot wave theory and fibo.... ill enter during pullback of wave 2 and 4....wave 1 very hard to get into unless u do ur research well and anticipate/focus closely on any single stock....

Usually the insider/big shark will initiate the 1st rally...the pullback will be their profit taking and the next rally will be drive by technical/fundamentalist...the 3rd rally is usually novice/public....

Anyway this is just my POV looking at the market currently

oh, if i take 2.8, 5% is not more than 2.94...

yea for stocks, is kinda hard to get into the first wave unless you've been monitoring it closely. So best is to wait for pullbacks/consolidation.

sure any POV is welcome bro

Looks like Padini will consolidate

Volume is dropping

Those who bought at 2.4 may consider to sell in my opinion



This post has been edited by Coup De Grace: Mar 8 2017, 08:42 PM

What do you think of this? I have a strong feeling it will go up soon. But high possible will come down also.

Pros, please share what do you think?

First thing first...

DOn't over rely on second opinions from forumers here.

Not saying you do.. but just saying...
I think u can understand.

Ok.
For me, I write down comments on charts that I think is interesting/or looking at.
I jot down the comments down on a 555.
I would come back...
say a few days or few hours later...
observe what I wrote.
sometimes ... these comments are gold.

Like for example...
My general observation is that you are simply unsure....
u reckon this stock has good chance that it will go up....
the next sentence... u reckon it could go down also...
Unsure... yes?

See I preach trading/investing in less stocks at one time...
One of the rationale is when you trade with a lot of stocks...
you tend to trade with a much carefree attitude...
stocks with half chances also you would bet...
this is where mistakes occur...
for the stock isn't the best viable trading option available....
you just trade cos you wanted to trade (or some other reason)
by trading in fewer stocks...
you force yourself to be very selective....
it (the stock) must have more than very good chance to make money (big money too)..if no don't waste time and place money at unnecessary risks

now if you reflect it back to ytl p...
you are simply unsure..
why bet when you are unsure?

The other big thing to ask is....

WHERE"S THE BEEF??

you need to work out your risk reward ratio...
if the meet is so small...
why take the chance to bet?

you know...
many around still bet and gamble for a 5% gain or a 10% gain....
some even do for big nac meal.

so let's take a look at ytl p...



what's the chart saying?

my straight answer is that it's going up and down in a SIDEWAY range.

* traders do try to make money in range trading...
they wait for the stock to hit the lower range and then they attempt to buy...
and then they wait for the stock to hit the upper range... and then they sell.
most of these trading...
I don't like...
cos there isn't much meat...*

Back to ytl p....
this is what I am seeing.
Sideway trading in a range...
and look at the range....
is there any meat?

and when I zoom out the chart...



it looks so cheat for me...

range trading...
about 12 sen meat or 8.5% meat...

do I want to play this range...
or should wait for the stock to breakout of this range?

*** these are what I will write down in my 555... and later I will come and revisit....

and today...
the volume came...
and the stock closed at 845.

regret not buying?




heheheheheeeeeeee

What happen.. today too busy no monitor market..