damn, i was looking at the wrong thread for the past 2 months

Shit! Looks like I gotta dig another new hole to hide..................



chartians, if this 1 break 2.42, how ah?



I try answer based on what you ask....

If it breaks 242 it will be higher than 242.

Correct?

your sarcasm is getting stronger liao

of cuz we know it will be higher right after 242, but what happens after that? U turn, limit up, false signal?

BTW, now is 243

how to set this trade?

larger chart

BTW, for deeper research

The most "abuden" answer from you

hahahaha abuden answer

Another PAPER trade.. OKA... @1.48

Test theory again... See can fail or not.

Notice: Not a recommendation

This post has been edited by gark: Apr 5 2017, 12:51 AM

Onion dude is old kaki la.....

But seriously... I did not know how to answer.....

this was the chart....



and as u can see..... 2.42 is.....

Blardeeee hell...... batu api spotted.

and the theory is .... ?

I traded this b4 last time....




errr.... 148 entry?

This post has been edited by Boon3: Apr 5 2017, 08:00 AM

LOL! Sorry la.. hehehe ..... long time no see hor...

See la...
you no put counter name down.....
you think magician what I am meh....

This would have been the equivalent chart you posted.



As you from that chart....
what could I have seen?

Where's 242? It's not even on the chart.
Has the stock traded above 242 before? Can't even tell.

So my answer to 'if this 1 break 2.42, how ah?' .... err..... yea.... a bit too sarcastic...
but that's the best la ...
I could have answer...

from your chart...
the stock has already shown great momentum...
trading from a low of 180 to 230+ ...
impressive run.

and only when I zoom out a little (and knowing the stock name)...
using a slightly longer time frame...
I finally manage to see what you are trying to say...



... and as you can see...
it should be 243 and not 242...

If you followed my postings, generally I am not into S&R....
supports and resistances .... err.... it's like its there but isn't there type of indicator...
sometimes it's good to know... but then... sometimes.... it's simply simply not even relevant..
One day they would draw the S&R lines here and there...
the next day....within a blink of an eye.... one of the lines is quickly redrawn....
LOL!
Some would go... 'how could an analysis be so flip floppy so fast one?'

Anyway.... for me ... using ur 242.... I would HAD probably drawn these two lines...



so technically....
there's a chance/possibility the stock could retest that previous high of 285....

(please note the exact england meaning of the bolded words)

The question to be asked is....

Is there enough momentum to drive the stock forward?

Your initial chart...



The stock had a deep correction in Nov.

Since Nov is a reporting quarter for YSP, it's damn important to know what happened.

** Now the stock started giving way early early Nov.
Notice the black candles that kicked of Nov?
Next we saw that YSP only reported its earnings on 15/11
and ..... boom boom pow!
stock went longkang big time on 16/11 - the day after the earnings.

2 things ...
Q earnings can impact stock bad bad - esp for those stocks branded as 'fundamental stocks'
for some stocks... insiders always seem to know.... ***

Moving on...



Well for me...

1. The Dec/Jan movement... I would consider that as general technical rebound to account for the Nov collapse...
2. Stock started kicking up in Feb. Notice the long white calendar on 3/2 ?
3. Deja vu again? Insiders know?
4. Boom boom pow! And they win again.... YSP had a strong 4th Q.
5. The movements in March... were as expected....
6. However.... the recent most 4 candles.... very. very, strong.

This is how I would have done my review.

And judging from all these, perhaps I would say that there's justifications to reckon that the stock could indeed retest the next high.... counting in the fact that market sentiments is rather positive lately....

BUT..... as a risk management issue..... you probably might want to take into consideration that the stock did not really have a decent consolidation period ... so you need to account for it......

This type of answer ok bo?

Fingers got keyboard blisters liao.... boohoo.......

Yeah late entry, if done earlier can get below 1.20..

Delay delay buy.. end up price higher..



This post has been edited by gark: Apr 5 2017, 10:46 AM

Hehe.....

1. Which is the long consolidation period you are referring to?

2. 1.20 - 1.45.? This sounds like a huge range.... err... on mobile now. So not exactly sure what you are talking about.....

3. The syabas new pipe works uses a lot of OKA pipes. One can see it everywhere in Kayel.

4. Unsure about OKA 's HSS involvements....

For the chart thingy, dont believe me as I am poor in chart reading.

OKA is champion in precast drainage. If you build a new highway or infrastructure, you will need precast parts. They supplied quite a lot of precast for the Ipoh-Rawang double track..

This post has been edited by gark: Apr 5 2017, 11:12 AM

btw...

one of the objectives is to find trading setups you can replicate and in this process you will also find out which are the setups which are iffys and risky.

Side note...

Using your super boy...what you note?

Me?

Last year..when stocks broke out ie whenever a stock records a long white candle or after 3 run up days, the stock sure consolidate. And consolidates for 3 days. Then moves up again.

Now? The market hotter...your super boy cooled down only 1 day then went boom boom pow again.

Why to note this? If one trades long enough, one would realise that one cannot trade the same style everyday, every year. Think real sea fishing and the weather.

Champion meh? G-cast? I see that also.

One of the 7 supplier approved by SPAN.. Hume is the largest.

G-Cast is Chin Hin's brand.. u go see chin hin's valuation, much higher..

This post has been edited by gark: Apr 5 2017, 11:18 AM

I posting based on what i see on those Puncak drainage projects.

I see OKA name on those big precast drainage (these are stacked vertically) and I see GCast name on the big precast cover. The smaller sized pipes are GCasts.

I understand it is competitive.

Anyway I saw the potential last time.
I jumped in.
Great entry.
Then the projects around my area stopped.
Apparently Puncak were in dispute with their contractors...
I was
The ori contractors were so pro in my area, extremely efficient....
Then Puncak workers came in....

Everything seems haywire....

Locked in my profits...
No multi bagger and yea beggars can't be baggers.

That's about it la....

Oh mana tu cooldownguy86 ?

Ah Gark main main with OK a ......

macam macam .....

Haha.. why call me? I dunno whois cooldownguy leh?