Not cannot brain la....

This called........ green grass searcher

Day day nite nite....
Checking which side the grass is greener.

Well, it's moving just like how a share would move after going ex...

If bought before going ex, hold on to the stock...
which means hold on at least till the next quarter..


again...
if given a choice...
i might not go for this - just cos it's a property counter.
never too comfy...
but since paper trade...
I will carry on with this trade...


market going slighty birdie...

best we keep our feet firmly on the ground...

stick to our own trading/investing principles....

Of course the adjusted the one.

It's a holding company....


where's the cup?

This post has been edited by Boon3: Mar 30 2017, 08:18 AM

Hahaha..... ok let me bore you with my poor answers....

1. I am extremely selective when I trade (plus I trade only 1 or 2 stocks at any one time)

2. I cannot trade such setups...

this I found out thru past exp. (this is why is so important to start with paper trading and continue paper trading even when you graduated into real life trading)

My rational is always simple.
Know who I am and play my best game (how will I know? Paper trade. )

It's like tennis.
You play?
If you are a much better base line player than a serve/volley player, how should you play?
Play from the back, yes? (very general answer la)

3. What's the catalyst to play such theme stocks?

Well, perhaps, the only half reason is that some stock indicators are showing PERHAPS they are oversold.

And again, oversold/overbought got many types.
On extreme cases, oversold can last a loooooooooooong time.

4. Do not compare yourself with others.

Slightly off topic...
I am me and you are you.

There will be trades you are good at.
There will be plenty of trades I am not good at or will AVOID.

we are different.

So always remember.
What works for me might not work for you.
And my comments?
Treat them as third opinion la..

ok?

So say I bought the day you posted.

If given or forced the choice...
I probably would have chosen Petdag.

Here the results so far...

Hengyuan - ref price 3.40 on the day u post.

Tuesday up 0.16
Wed down 0.04
now 3.52.

Overall up 0.12 (assuming entry at 3.40)

Petronm - ref price 5.77

Tuesday up 0.50
Wed down 0.02
now 6.22

overall up 0.45

Petdag - ref price 23.78

Tuesday up 1.06
Wed down 0.94
now 23.88

overall up 0.10

****
Result? Good meh?


Ok?

Nope.

The cup should be rounded at the base.
The volume should be decreasing.

Do not worry.
I seen a lot people doing this and simply decaring stuff.
It's called the 'eyes see what they want to see'...

The holding company issue....

Another misconceptions....

Trading = puntung
Trading = day trading


Welcome smart

You only like C or D ones la.....

V ?


Lol

Cos it looks exactly like a V?






Holding company issue la....

Basic of cups....

See it's macam this...
Hope I can spit everything out clearly.

Stocks came down from a high ( dun care the reason la)..
So it falls off....
Yes is falling...the VOLUME disappears...
(Yeah..for whatever nobody wants to sell anymore)...
So you get a period where it goes comatose...
After time...
The volume and price increases slightly....
People suddenly remember the stock...
So it goes back up.....
So you get the rounded cup scene...
As it inches back up...to where it fell from....
A cup would have formed.....
But then....
U will have a bunch of sellers who were merely waiting to sell at a higher price+u got a bunch of low price traders who were munching bits and bits at the bottom ...they decides to sell to take profit.....
Now that is the handle formation.......
And once these batch of sellers exhaust their selling...
The stock would erupt once the new wave of buying happens........


Ideally the cup formation takes about 6-8 months...
And too long cup formation isn't ideal either...
ie if the cup takes 2 years or longer to form....


Ok ah?

This is as much as i can remember off hand.

Call the shape as it is.
V is V.
No?

Cup is cup?

Holding company issue is always disregarded...
It shouldn't be cos not all shares are the same.

Flying horse and Fimacorp....
See the long history performance.
Which is a better stock ( in terms of share performance) ?

Look at Insas and inari?
Again which is better stock?

...and so on and so on....

Why?

Why no loving for the mother share?

I wouldn't....

Err... i am on my mobile.. so no chart...

Anyway this how i see it....

1. This current uptrend started end 2016.

2. This uptrend is reasonable.
Company has achieved a full fiscal year of positive result.

3. So this is a turnaround play which means those that got in early ( last year ) is reaping the rewards for taking the risk with this company.

4. Turnaround plays...the longer it has turned around, the riskier it gets. Hence, moving forward, for this fella..the main issue is what's next.

Do i trust that this fella got what it takes to deliver future earnings growth?

Me? I doubt it....

5. Back to the charts...as it is..
the downtrend witnessed in early March is merely consolidation of this current uptrend which started end last year.

It's not downtrend...it's consolidation.

6. At this stage...upside is still possible....

But.... you would need to focus on your risk rewards.

Is it justifiable the risk?

This ... you need to refer to point 4.

Any new projects? What's the new earnings driver?


....

At this stage....as per your initial question....

My answer is..... I wouldn't play....

If forced to....well....play the breakout of the previous high.



Just my opinion .... :peace;

Lol.....yes....the shape....the shape....

Wahahaha.......... apa ni?

Pretty damn risky to ask me what I want....

sifut ur head laaaa.....



Volume must be there both sides of the cup...
middle/center/bottom = almost no volume...

then the handle.... how it is FORMED is very important...


never buy at the bottom of the handle? Why? You subject yourself to the risk of a failed cup&handle.


YES! FAILED PATTERNS are actually more common!!!





Call me the S name again...
and I will promote you....
to the ignore list.

Macam this sudah cup board laaaaa.....

TakoC

This would have been the chart I was looking at.



Well, upon seeing the chart more clearly, perhaps I SHOULD HAVE mentioned the doji (a bit long its leg) that was formed the previous day. Some would consider this as a trading buy.

... and judging from yesterday's movements... they were correct.




Made money?