BWC
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 May 1 2017, 05:47 PM
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All Stars
15,942 posts Joined: Jun 2008 
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QUOTE(Suicidal Guy @ May 1 2017, 05:26 PM) [attachmentid=8778212] Can use google hor...This one not double bottom? Why ar?   anyway, the two bottoms should be around the same level... give or take 1-2% ... when doing chart patterns... sometimes the risk is that one tends to see stuff....  |
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May 1 2017, 07:13 PM
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Senior Member
1,637 posts Joined: Mar 2010 From: Bolehland  
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QUOTE(Boon3 @ May 1 2017, 02:19 PM) LOL! yes, 3 impressive quarters. the last 4Q 2016 was not doing well. given its 3 impressive quarters, for sure its 4Q2017 is gonna beat 4Q2016.The exact words I said was NO CUPS.  no cups = no potential for breakout meh?  All this was for DJ who said got cup and handle pattern. Anyway, yalah.... I saw. Frontken's numbers the last 3 quarters have been really impressive.  ( that said... all I ever remember was Frontken was a pisang goreng kow kow last time.... hardly hear people tok about its fundies... )And I am sure that you are looking at that most recent quarter... if Frontken can replicate such a performance (+ more) ... then you are looking at one stock with lots of potential.... correct ah? |
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May 1 2017, 07:23 PM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(twhong_91 @ May 1 2017, 07:13 PM) yes, 3 impressive quarters. the last 4Q 2016 was not doing well. given its 3 impressive quarters, for sure its 4Q2017 is gonna beat 4Q2016. I think you would want it to earn at least 10 mil for the coming quarter. |
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May 1 2017, 07:45 PM
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Senior Member
1,497 posts Joined: Dec 2005
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i think double bottom also its preceding trend is a downtrend, and failed to make new lows, hence the reversal would be strong.
in frontkn case, it was not in a downtrend my 2 cents This post has been edited by hehe86: May 1 2017, 07:45 PM |
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May 1 2017, 10:14 PM
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Senior Member
567 posts Joined: Feb 2006
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😂
I'm noob in charts.. just simply shoot.. Anyway in the book how to make money in stocks.. it mentioned prior to a double bottom should be an uptrend.. and also did mention second bottom should be a little lower than the first bottom.. Which one is correct?? |
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May 1 2017, 11:09 PM
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Senior Member
1,497 posts Joined: Dec 2005
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Haha, not saying i'm good in charts also gek, we're here to learn!
They say reading a chart is an art, not a science too Actually to read a chart on cheap stocks like frontkn, which is 0.2x-ish, i'm not so sure how accurate chart reading can be for it. Since it is cheap, the movement is very limited. in my opinion lo. as for double bottom, to me, a double bottom is a reversal play. Hence thats why i said it should be in a downtrend, failed to make new low, then reverse to go into a new trend. thats why opposite of double bottom is double top lo |
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May 2 2017, 12:04 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(Suicidal Guy @ May 1 2017, 10:14 PM) 😂 Yes, O'Neal prefers the second bottom to be a bit lower, preferably the second bottom undercutting it by one or two ticks.I'm noob in charts.. just simply shoot.. Anyway in the book how to make money in stocks.. it mentioned prior to a double bottom should be an uptrend.. and also did mention second bottom should be a little lower than the first bottom.. Which one is correct?? But for me, the bottoms are about the same levels, give or take 1 or 2%. |
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May 2 2017, 07:47 AM
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All Stars
15,942 posts Joined: Jun 2008
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Suicidal Guy.. also when you consider that the majority of stocks in the US are above 10, the one or two ticks are roughiy between 1 or 2%.
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May 2 2017, 08:49 PM
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Senior Member
2,906 posts Joined: May 2015
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Hi again, apologies as I was so busy preparing for something important. Anyway, so Parkson is a lost cause or is it? Terrible, it did not move up as I thought it will as it is a proxy for Lion Industries which I said the other day.
So anyway, let us avoid anymore loss making, useless, hopeless companies and start new again and which is why I brought PWORTH up. Now this stock may yet again end up a failure like Parkson or this time it will be "ini kalilah"? I brought the attention here because there may be a bullish flag spotted on the graph. Let us see where is that... 
So what is everyone's take on this stock? Personally, in my honest opinion, I still think there is further upside. It may be overpriced but it quite held up well recently. |
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May 2 2017, 09:48 PM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(ILoveLalat.net @ May 2 2017, 08:49 PM) Hi again, apologies as I was so busy preparing for something important. Anyway, so Parkson is a lost cause or is it? Terrible, it did not move up as I thought it will as it is a proxy for Lion Industries which I said the other day. Huh? Apologize for what? So anyway, let us avoid anymore loss making, useless, hopeless companies and start new again and which is why I brought PWORTH up. Now this stock may yet again end up a failure like Parkson or this time it will be "ini kalilah"? I brought the attention here because there may be a bullish flag spotted on the graph. Let us see where is that...
So what is everyone's take on this stock? Personally, in my honest opinion, I still think there is further upside. It may be overpriced but it quite held up well recently. Pworth? errrrr............. ok.. I never like this one... it's just pure goreng stock and all throughout its history, it's earnings performance has been really mediocre ....  sorry blunt view... anyway... the chart...  Yes, it looks like a bull flag is in the process of being formed... but it's in the very early stages... and if one jumps in too quick... one might run the risk of failed pattern... anyway... as in bull flag plays... my preference is wait and play the breakout if and when it happens....  |
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May 2 2017, 11:01 PM
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Senior Member
567 posts Joined: Feb 2006
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QUOTE(hehe86 @ May 1 2017, 11:09 PM) Haha, not saying i'm good in charts also gek, we're here to learn! I'm not saying you're wrong. They say reading a chart is an art, not a science too Actually to read a chart on cheap stocks like frontkn, which is 0.2x-ish, i'm not so sure how accurate chart reading can be for it. Since it is cheap, the movement is very limited. in my opinion lo. as for double bottom, to me, a double bottom is a reversal play. Hence thats why i said it should be in a downtrend, failed to make new low, then reverse to go into a new trend. thats why opposite of double bottom is double top lo  I'm just pointing out from what I read, there should be a prior uptrend and asking which one is right.. I have zero practical experience in chart reading..  Yeah agree.. we're all here to learn and improve.. |
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May 2 2017, 11:04 PM
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Senior Member
567 posts Joined: Feb 2006
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QUOTE(Boon3 @ May 2 2017, 07:47 AM) Suicidal Guy.. also when you consider that the majority of stocks in the US are above 10, the one or two ticks are roughiy between 1 or 2%. Yes yes.. I have to take note difference of both bottoms must be around 1-2% only.. In frontken chart, it was about 3-4% difference  This post has been edited by Suicidal Guy: May 2 2017, 11:07 PM |
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May 2 2017, 11:17 PM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(Suicidal Guy @ May 2 2017, 11:04 PM) Yes yes.. I have to take note difference of both bottoms must be around 1-2% only.. In frontken chart, it was about 3-4% difference Don't get too worked out over stuff like this. Generally it should look level - just not too senget on one side.... anyway... double bottoms is probably my least favorite pattern... it's too flimsy for me and it's often error prone to my liking... think of triple bottoms.... why does triple bottom exist? isn't it cos the double bottom failed? |
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May 3 2017, 09:47 AM
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All Stars
15,942 posts Joined: Jun 2008
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Maybank & CIMB .....
Let me re-post here before it gets lost in space... posting #1878 » Click to show Spoiler - click again to hide... « That was the Maybank v CIMB factors against Maybank b4 Oct 2016... 1. Stock trading in a clear downtrend 2. There were valid reasons - slumping profits & DECLINING DIVIDENDS. 3. Slumping sector. CIMB on the other hand... 1. was in an uptrend ... 2. profits were turning around... and then posting #1911 » Click to show Spoiler - click again to hide... « Most importantly ... QUOTE it's like Mayban... the charts are perhaps slightly suggestive right now ... suggesting that one should be on the lookout for any trading opportunity.... Downtrend channels and uptrend channels CHANGES. *this is important. In TA, views and onions do NOT last very long as stocks are traded all the time, prices changes all the time* That posting was made on 11 Oct 2016 Notice when and how the stock broke out of the channel..  Notice how the earnings improved in Nov. There was no longer the double digit declines in profits. Then notice the huge turnaround, the huge improvement in earnings in Feb 2017..  Stocks soared since....  and what about CIMB? Not too bad either... yes?  Oh yeah.... I had asked where's the beef? I guess these two stocks showed it to me................ |
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May 3 2017, 04:39 PM
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Senior Member
1,497 posts Joined: Dec 2005
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Haha. Maybe sometimes one need not to know where's the beef but act according to the current price?
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May 3 2017, 04:54 PM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(hehe86 @ May 3 2017, 04:39 PM) Haha. Maybe sometimes one need not to know where's the beef but act according to the current price? Don't agree. The beef is an important issue. |
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May 3 2017, 05:06 PM
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Senior Member
567 posts Joined: Feb 2006
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Paper trade this stock at 2.82 |
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May 3 2017, 05:16 PM
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Senior Member
567 posts Joined: Feb 2006
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QUOTE(Boon3 @ May 2 2017, 11:17 PM) Don't get too worked out over stuff like this. SO what is your favourite pattern? The one that goes up?Generally it should look level - just not too senget on one side.... anyway... double bottoms is probably my least favorite pattern... it's too flimsy for me and it's often error prone to my liking... think of triple bottoms.... why does triple bottom exist? isn't it cos the double bottom failed? |
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May 3 2017, 05:27 PM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(Suicidal Guy @ May 3 2017, 05:16 PM) SO what is your favourite pattern? The one that goes up? Pointless to tell you... cos you and I will be different. It's up to you to discover what's your own best hunting spot. |
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May 3 2017, 05:32 PM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(Suicidal Guy @ May 3 2017, 05:06 PM)
Paper trade this stock at 2.82 |
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