Yes this i will trade also, breakout trade ftw haha

This post has been edited by hehe86: May 3 2017, 05:52 PM

My reason is..

1. from daily chart, stock broke out from recent box formation at RM2.80 with 6x higher than average volume..
2. from weekly chart, I see cup with handle and break out from handle.. also with many weeks of tight closes at the bottom of the cup and handle area..
3. good fundamental stock but earnings wise it was affected by oil and gas downturn..
4. can see most of the oil and gas stocks have bottomed out..
5. testing chart reading..


Lets make (or lose) some paper profit together

This post has been edited by Suicidal Guy: May 4 2017, 12:30 AM

Mana ada cup? Mana ada handle?

Haha.. my eye problem.. 😂

i waiting Monday show...hehe

lol... friday nite shows no good meh?

I buy in success today..

monday lo...iwcity today still suspend ma

Straight up chase?

why not on 3/5?

Still contemplating.. noob skills.. 😂

May see some pullback today?

This post has been edited by Suicidal Guy: May 5 2017, 10:06 AM

Dunno. But if I have to guess I would say most likely no....

So about PARKSON, finally some action is coming. Luckily called it when it was around 63 to 64 sen, now 67 sen. Hopefully can break the 70 sen psychological barrier.

Hmm then most likely pull back on t+3 after 3/5?

.... you need a new nick laaa..... honestly...

Suicide Guy.... sounds so.... err..... glooomy...



Ok... so you have had 3 horses....





favco success sign....

So if you have to pick one based on charts.... which would you pick?
... and if you have to pick one ... based on fun fun stuff..... which would you pick?

how?

let me know your picks....

The beef represents the 'potential' reward.
Without knowing the potential reward, how is one gonna do a risk assessment of a trade?

Or maybe JT is in vogue.

Yea i know, but there are times when let say a stock is making a new high, a breakout move with substantial volume, without news, so if one wait for the news or know what happen, maybe way too late. This is if one only based on TA purely. If wanna include FA, of course this is not the only way where one could do more home work into its project, cost price, etc etc to increase their odds of predictability

And i thought one normally wouldn't know how high a stock can go?

More often that not though, a stock usually not in my radar until the news came out only to realize. But a recent example like SUPERLN, the consolidation before the breakout around 2.6x, one could be ready to wait for the breakout before waiting for the qtr report to act lo

Btw, what is JT?

This post has been edited by hehe86: May 8 2017, 03:22 PM

I also waiting for Suicidal Guy to reply his stock pick out of that 3 hehe

For stock breaking out to new highs, your own estimate valuation of the stock is needed. Yes the funnies is needed and is very important.

Compare Favco and Success....what's the difference?
Why one is worth risking to chase...

JT = ?



Just Tembak la.

For new highs stock, the way i currently been doing is minimum expectation of x2 reward of my risk/stop loss. Usually will take some profit once it reach x2 reward and hold the remaining to ride the trend. Not sure how or what to use to get the valuation of a stock (based on estimated PE, broker house tp, etc)

Favco, able to closed new high with good volume, but the next black bar is also with significant volume, so that's not a really good sign already. may have to monitora while longer. As for Success, is already in an uptrend, unlike Favco which was in a consolidation, keep making new high, especially after the break of 2.9 and 3.1 with good volume. But to enter Success, no idea. So my answer would be to consider Sign after the close above of 1.01, it 'consolidate' with low volume which is quite ok imho.

JT, first comes into my mind is John Travolta lmao