looks like bullish pennants for me though

my guessing only

when i look at the time and sales, there were many small lots.

Supermx:
3/6 - 82.7M; 7.58H - 5.33L = 2.25
15/7 - 79.0M; 17.8H - 12.52L = 5.28

Based on the climax top definition, seems like yesterday price difference kinda huge with kinda huge volume too.

If refer back to this, current red line would be below the 12.52. hmm

It's neither. There is no pole. That long candle cannot be counted as a pole anyway....

You can google image search for bull flag...





See the pole? And see how the flag is on top of the pole?

The hourly on the gloves... (I refuse Kossan. LOL! TopG and Superman enough la.. no need see so many ... lol ... and actually atm I would not bother with Harta also... )







All these are Descrending Triangles....

and if your trading are based on the faster time frames, the stocks are reaching a crucial point...

where as you know ... two things can basically happen.... they tend to breakdown more often than not but there are occasions where breakouts do happen. Breakdowns at this juncture can escalate very ugly, considering how these stocks had been trading upwards without care...

However when the breakout happens, it indicates that the stock could go back up.

stock breakdowns....



the stock breakouts/reverses



the Ah Net...

Btw.. Pattern failures happens. Yup. It's not sure win.

For example, search failed bull flag.. you can find documentation of failures....

This post has been edited by Boon3: Jul 15 2020, 06:46 PM

thank you boss

learn many things over here

btw, what timeframe you guys trade on? I've seen many keep on switching charts to cherrypick certain patterns to support their rationales

i mean, when one has decide on entry and exit, shouldnt one stick with the plan? or act accordingly?

when i paper trade, i use day chart for mid-long term holding; whilst i've seen some keep n jumping back and forth and when i asked questions, their answers tend to contradict with each other

This post has been edited by billy_overheat: Jul 15 2020, 07:00 PM

thanks for the comments.

we shall see then if the descending triangle becomes bearish or breakout to bull.

i think it will be bear... becos i sold off everything this morning!

another thing i think i saw is harta price has crossed below the 5 and 10 day MA; TG the 5 day but supermax not yet.

harta looks to get more losses if i see it right.


ok, we will go thru this again by end of day tmr.

TQ once again.

This post has been edited by AVFAN: Jul 15 2020, 07:20 PM

Generally... it should be bearish.

If you look at that formed triangle... the highs are getting lower.... this is something most traders get worried about.... and given where and how high these stocks had shot up... the horizontal line forming the descending triangle doesn't look much of a support, does it? So for example if Superman goes below 15 again a lot of ppl would probably get very nervy and panicky.... and as they say, one thing leads to another... and viola ... you have a breakdown....

and yes, it's much better that one let the stock lead the way. Let it show if it wants to breakdown or breakout....

and then yes, I have seen many that tend to jump the gun...
they see the descending triangle forming...
and they quickly jump the gun... kiasu ma... early birdie get the worm... so they fast fast short the stock...
but alas...
the stock breakout instead of breaking down...
they lose and then they blame...
cilaka chart pattern...
sibeh cannot use one....


LOL!

Cup and Handle is one pattern where one tends to jump the gun...



and yeah... I would agree with you that Harta looks very weak...

This post has been edited by Boon3: Jul 15 2020, 08:05 PM

Well looks like I am gonna keep Harta for a while. At least it's a stock with great potential.

Ah boon kasi hint hint liao, look like tomorrow will be a judgement day for all the glove stock

Break down and then gostan fly back up....

See... pattern failures do happens...

Need to update this...

AT price 0.075 sen
At-W price 4 sen

and the premium is gone.... since AT has collapsed from 12.5 sen to just 7.5 sen.

and needless to say, in the midst of the plunging AR shares.... tons and tons were converted into ordinary share ......


so there.... yet another one .....

yep, looks like breakout to bull.

game still on!

... and that's why I cannot do such trading...

need to make time my advantage...

AVFAN

Ah.. I realise I made a mistake by suggesting that it was a pattern failure in the case of Superman...

This is because I was looking and basing my comment when I noticed the stock moved lower in the opening and then quickly reversing soon after that....

As can be seen in the 5 min frame how Superman traded....



The problem is that our initial discussion is based on the hourly frame... and if I look at the hourly again... it was a simple case of the stock breaking out from a descending triangle.... (hence my comments oon 09:19 AM was UTTERLY GARBAGE! hehe... solly... solly... )



This post has been edited by Boon3: Jul 16 2020, 10:56 AM

Bro, anything on Harta and Kossan? TG also... suddenly start to lose momentum....?

As it is, it's in my opinion that based on the dailies, TopG, Suoerman and Harta are consolidating....

how deep and how long consolidation? your guess is as good as mine.

And I can't even tell if 'that was it'... or if these 3 still have energy to stage another rally.....



btw... I am not an advisor.. so I do not want to be in a position where I am liable for your success or ...
anyway that's besides the point...
if you want to be good in this game... you need to develop your own....

yes... they do look like they are losing momentum...
so depending on your trading style and appetite ... you 'might' need to readjust your thinking.....

anyway good luck...
sorry I can't really help...

Well, I have TG and Harta "trapped" at the moment, but I can take the loss if necessary. Kossan is my saving grace currently with a profit.

GL!!!

Changed my mind. Take the loss. It will take a long time to recover from this, but it's better than being trapped.