Thousand-aire already

I held some stocks for few years.. Some turned out great... but others was having good returns at first but then later the growth is not there anymore... so the price went sideways or retraced.. So I'm giving back the return or losing opportunity cost..

Do you track your trades? What's your avg profit and percentage of winning trades like?

You cannot hold stocks LONG just for the sake of holding.

It doesn't work this way.

Once the growth stops... you just gotta ask yourself this simple question ... without the growth (ie the company isn't making more and more money each year), what else could attract others to invest in the stock? If there isn't much catalyst, why would these stock go up?

You can use the following all time flying stock as an example too....

See how the high keeps getting higher?

If use stuff like 'next resistance level'.... how then?

Superln was posted on 6 March. Adjusted price should be around 1.56.

This thread has gone to second page. haha

Boon



is this an ascending triangle chart as well? haha or i force it to be?

i have noticed that whenever this stock gets high volume and close higher, the next day it always go down a few days or the next week, the volume spike up again and close higher.

any view on this chart?

Long term bullish for me.

brother u holding this?

chart looks good from me as well.

wanna seek some opinions on this chart as im not a very good chart person.

It's ok la. I'm fine with it. Sometimes there's no need to post just for the sake of pasting, yes?

Nah, it looks macam yes but I think it's a no.
You need to connect the lows much better.

Interesting observation on the volume days....
but such stuff is tricky....
cos basically you are attempting to read what the hidden hand is trying to do....
sometimes we could catch it... but many times ... we could left looking like a fool...

For this one, things are looking good...
watch the 1.00 mark...
see if the stock punches thru with strong momentum....


GL

guess i tried too hard for it to be ascending triangle

nice explain on the volume part, noted.

the volume was very high yesterday and it touched RM1 and goes down. I would prefer it to trade side way for awhile before breaking the RM1 mark again.

When stock goes up too quick, i manyak takut.

GL to me

Overall, like I said things are looking good.

The sharp run in May would appear to be fully digested by now. Momentum has been picking up pace and you can clearly see the higher lows since then....
all in which is a good indicator that the stock should move up higher....

The thing about it and the reading of the volume pattern is that these chicken farm owners... they like they got their own kung fu gang... sometimes scary ... which is why I caution about trying too hard to decipher the pattern and the risk involved...

somehow... all these while... I never traded a chicken fella before...

but boon, like u mentioned before higher highs are important as well. this higher lows i dont understand, is it healthy from the chart perspective if there are some higher lows? and closes back the lows few days after just like this CCK?

i do understand that a share will of course go up and down. think i will try to study a few charts tonight.

kung fu gang means the bosses in the same industry right? the MD might give out tipsy to the kung fu gang members?

tis is the first time i traded a chicken fella

hopefully the earning for this quarter is good then i can sleep well at night.

and it does really gives me confident when the company bought back its own shares at 0.85 to 0.87 levels.

its integrated supply chain, where they own some share in Goldcoin (feed mill) company, supply and selling its end-products at its retail outlets. the business in indonesia, and also the export of shrimp and fish (if not mistaken) to overseas.

Higher lows when the stock is consolidating is a good indicator.

kung fu gang... lol.... yeah it's confusing.

Chicken/poultry stocks is known to be goreng stocks.....

next quarter poultry stocks especially egg producer will suffer. my wife was boasting how cheap eggs were since last month

No, I am not. I am just analysing from the technical analysis perspective.

Noted noted. Then i will just follow to make some fried chicken. Haha

I did ask one egg whosaler before. Lower prices of eggs actually benefit them as profit margin will be higher.

Ok bro. But today closed flat after hitting 1.05. Lol

CCK today breached rm1 and dropped back to close unchanged at .975

candlestick wise this shows a sign of weakness right?

power tak kuat enough

this is what i was talking about, high volumes coupled with break out but the next day always laosai

but as long as it's still higher lows and higher highs i think still ok la..
alot of short term traders i guess

If you are gonna trade a stock with a situation like this...
it's either you know or you don't...

guessing.... is never gonna do your risk assessment of your trade any good.

Boon3 mind to commend abit on frontkn?





This post has been edited by twhong_91: Aug 7 2017, 11:28 PM