Dont need to goreng to trade stocks, buy stocks with strong uptrend momentum and hold until the momentum gone only.

Try recovery and plantation counters.

How about tech stocks? Some of them are revealing good QR results

Momentum? It will test about timing lo

Tq. Feel free to continue la...

seriously...

Can also la, whichever that you think the upward momentum is intact, hentam and pray only
I suggested
1. recovery - because of the recovery theme
2. plantation - because of the rising CPO price

To me, most of the techs to me are a bit too pricy though

Boon, not happy I slightly off topic in this thread is it

Aiyooo... you don't small gas.

seriously, do feel free la. If you want to talk fundamentals, also can laaaa..... see first few pages la

I don't really trust recovery theme especial steel and hospitality counter which are still making loss

I rather buy current fundemental intact company. You can trade based on fundemental. Nothing wrong with that... Although sometimes it will be very slow

There are some steel counters out there making profits though

Yes agree. But the outlook for construction in Malaysia is... Cloudy

Can the chart tell you this? Doubt so

tadaaaa .....



almost to the tip already.....
it's gotta show us which way it wants to break .....


like i said... this type of stock cannot be early.... gotta respect the descending triangle.... and then watch which side it breaks out ....

in many cases, react is better than anticipate ...

So does it mean if it doesn't break the support and there's enough volume with green candles after a few days, it can reverse and turn bullish. Then only we react rather than anticipate?

Generally descending triangle is bearish...

Google descending triangle bearish...

Then Google descending triangle bullish...

Then you will understand that despite the triangle is a bearish sign, breakouts to the upside can happen.

Which means technically it can go either way....

If u are in early and the stock does breakout, then u untung lo.. but if it breaks down... then u early early buy ticket to feel the stock go down... it doesn't sound smart, yes?

So it's better to wait...

If it breakdowns... u lose nothing....
If it breakouts.. u chase lo... see where u mau enter... yes you be paying a few bids higher.. but that's like insurance.

Give you another example... that Maybank example....

That downtrend channel was mentioned by me on Oct 2019.

Now from a traders perspective, down channels ... it's bearish ... and the stock will trade lower as per the channel.

Now despite being bearish, when the stock does breakout from the channel, that's a bullish indicator. Yes?

So assuming you have the bullish reason and you want to trade it ... so you anticipate ....
You dive in early ....

Look at the consequences... saw how long the stock continued trending lower?
One year plus...
the price of anticipating ....

Now if you react...
where was the breakout point?
7.90

See the difference?

But this topic is fascinating for me, till this very day. Not all setups are the same... sometimes it's better to anticipate... sometimes no.

Ah..... see how MI is doing right now ...




It appears to be breaking down ....

and if one had anticipate ... and went in as the early bird .....

Breaking down

Yup .... what should happen, happened.


It's interesting the situation...

I can't understand why some wants to be in ... (there's similarity with Unisem. Unisem had losses cos they had to write off their bad investment... once it was taken completely off its books .... profits will surge)

But then ... the naughty chart ... lol.... showed the bears within the stock.

So how?

Lemme guess... you will be basing on value soon.....

No sexy stories / catalyst to drive MI's price up...

It is still trading at below average volume.. lack of volume.

Unless the board gatal want to play those "bonus issue" game , to spice things up a little bit to attract punters

The chart clearly showing only 1 direction as for now, no buy signal yet... wait for trend reversal lo

But what if... the reversal is a bear flag and stock price continue to dive.

Your trading lingo ... wow!

Well.. once the MI earnings back to normal (last month was a surprise cos the earnings decline) ... it could be a sexy idea...

See .. this is why trading is always exciting ....

If you are interested ... watch the candles... if the reversal candle is sighted tomorrow ... it should attract some ......

classic!!! but watch out for another support at 3.70

This post has been edited by squarepilot: Dec 14 2020, 01:23 PM

Here is another descending triangle :

Gave a live example on how to and how not to pick a stock entry... Apa lagi mau?



Draw picture also draw out of wall....