Of course!!!

Whatever the sellers threw out, the absorption clearly was visible. Hence the bounce was just waiting to happen.....

hahaha, the waiting is when some analyst gave it a 0.7 TP

Oh yeah, that absolutely bullocks green light signal.

Looking at the momentum, seems like it will reach 0.31 in no time

I dunno leh....

Anyway, good luck to you and Daniel on this trade

haha, I bought when it was around 0.15-0.16 , sold all of it around 0.2 already, as this stock is high risk

Well done!

... but too early on the selling part...

haha, booking profits first, just wanna FIFO this stock

LOL. It's ok lah. Just teasing only. It's just that we have different trading philosophies...

For me, if using booking profits method, for this stock and in this scenario, I would have booked it around 24 sen. Half there and let the rest ride depending on how the wind blows.

24? That's assuming my in price was 16. And 16+8 would be 24.

You trade by 60MA ? You are right, looking at it 0.24 is a strong resistance but looking back at the volume when it got dump all the way down from 0.7 to 0.15 area seems like it can be easily push 2 - 3x , look like the operator behind this move had been accumulating alot based on the volume.

*Anyone looking at this, please trade at your own risk, am not doing any buy calls, I just like to look at chart and how the big player operate behind the scene

Well, 24 would have been my initial dump half (or some might use dump 30% - but it really doesn't matter, most importantly it has to suit the risk appetite) if I would apply the booking profits way.

Else I would use the see how the wind blow method (in this case, I probably not use it since Armada fundamentals is week, plus I am not in favor/fan of the major shareholder) ie hold and see how the stock reacts during the t+3. Yes, I probably would risk a huge chunk of profits and my cut profit is set initially at 20 sen but it probably be adjusted higher depending on say maybe the hourly time charts...

Yeah.. just sharing some thoughts only.

Oops.. and yeah. 0.3+ is probably possible....

*that's my initial thinking too but such opinions should never be cast in stone... *

Factoring in the sentiment with OnG now and with "Cold Eye" looking towards SapuraNG , seems like still got juice left but we can never predict. see how it goes.

Anyway, you have stocks that have interesting patter/chart ?

I thought coldeye talk like theory je

I do not follow Cold Eye at all. So i am not sure what's been said.

Generally, I am not in favor of this sector, mainly due to US shale oil factor. In regards to Sapuranrg, this stock is really a huge avoid for me (as per my own trading philosophy, dislike the greed of the boss, why should he be paid so much freeking money?) and with the recent rights issue, the stock size (ie number of shares) has ballooned insanely big.

Yeah, prediction is risky but at some of point, we need to have our own personal back of the envelope price target for the stock we are going to trade. For me, it's against my principal to trade a stock which has a 20% upside, no matter how much certain that it will hit that 20%...

And your last question.. I do not let the stock chart nor its patterns seduce me into a trade. There needs exist certain catalysts and also the risk issue is very important. Yeah, my trading philosophy is much different and I am very selective with my trades. For example, clearly Armada was worth a bet when it broke out with strong volume the other day. It was there for the taking but I did not trade it.

Anyway, for what it's worth, here's one that got some promotion in the media recently...




** The before Oct 2018 chart doesn't hold much for me. This stock used to be CWorks. There is new players in and new business. So previous high all doesn't mean much for me **

** for all it's worth.. here's the bigger chart... **




Opinions...

the current story (searchable via google, does tell some fancy dizzy numbers ) plus report from CIMB (ahem. macam macam hor) and then got some private placement planned and then there is some profit guarantee.... all helped (in my opinion la) pushed the stock to breakout from its trading range...

which is interesting... since one is looking at a relatively clean company now, some little bit of cash with almost no debts ....

well, how would you view this?

Unable to view the image

Paiseh, couldnt load the image just now. Looking at Orion, for me, I wont touch this kind of stock but seems like 0.09 - 0.12 was accumulated , slowly creeping up to 0. 17, if break 0.18 seems like it can push to 0.25 but this one also high risk

No problem. Image was loaded on flikr.

Yup. Risk is certainly there as in all other stocks. Anyway as mentioned before the left side of the stock chart wouldn't hold much for me as I would consider this as a new stock. (so previous high, not accurate) The stock has its sexy story with it being in the fintech sector. So what would be interesting is its next quarterly report. As Tom famously said 'Show Me The Money!'..

This post has been edited by Boon3: Jan 22 2019, 05:46 PM

Looking at how actively it is since Sep 2018 amaze me but seems like it is starting to get overheated