All in a day's work

YangZiJiang







Nothing much to comment on this counter as I've already posted what I wanted to say on it. Come Jan, this counter is going to be an index stock. I'm holding till it rot!! haha! I think*

Anyway, Gap up has been supported and this is a relief. Hopefully, yes being hopeful is not encouraged but I cannot help it, it can close well on 31st with some last min window dressing by the BB or ANYONE!!!! ha!

Can some1 please tell me who do go around looking for target prices by major funds institutions? I don't seem to find the latest target prices. Just curious after reading some post on sharejunction.com on this counter.

If all else holds, I'm looking at the resistance of 2.18, double bottom formation if break, sell if rebound off it. See how......

LC Dev





Latest pick.

Gap up sustained. Tested but sustained. With resistance still at .415, which from what I observed, received heavy selling... Nevertheless, the volume was low so it's okay!

Let's see what happends on 31st.

Weekly Chart:

I've decided to post a weekly chart for both index as I thought that it's worth a look as a very distinct support line has been created in Dec 07 at about 13,332. From the sticks, the following week will make or break this support line, come next year. It's worth keeping watch.

Yet again, as with all index, volume is pathetically low. BB's are out!

Daily Chart:







From the daily chart, DJ since leaving it's latest trend has been trending sideways and now, it has created a resistance at about 13566. Howver it is still trading within it's trend, resting on support now. Will it break or not, I'm not sure but the volume is indeed low.

Somehow, there is also a trading support create within these few days, breaking the resistance but ended up closing on the resistance line. It has been proven itself stubborn of late and this, imo, showed that aspect again.

While going through the chart on STI to check the week's performance, something caught my attention. I have a question.

Daily Chart:

With a pretty encouraging sign for the counters in my portfolio, whether will it be better depends on Uncle DJ.

Hopefully, there would not be any surprises tonight.

While over the weekend, I was browsing through some counters looking to vest my $ in this Year End. Not that this is a good period to enter the market exactly but I was just looking for some signs whereby my $ might be put to good use. Not forgetting the fact that volume MIGHT be low this week but heck, this counter has been on my "known counter list" since I started learning TA.

LC Dev





I missed out on this counter long long ago, back in Jun this year, i think.

Anyway the reason why this counter caught my attention was it's bottoming sign as supported at .35 since gap down and on the last active trading day, this gap down was closed with comparatively good volume. If this counter open gap up, I might be tempted to enter this trade and ride on it's momentum if it still stays on the Top Vol list.

Technical indicators are showing starting signs of reversals, although I seldom use them to decide on buys but just for references.

Another thing to note is that this counter is nearing it's recent trend's gap down resistance. This might be of some importance if it breaks this resistance, as a double bottom is formed. Anyway, the resistance of .415 has to be broken first.

Let see how this goes.

Finally, the target I set myself 1000 visitors for month of Decemeber. It broke that mark! Yeah!

But sadly, not a lot of people left their comments or thoughts. I don't mind friends, so don;t be shy to leave a comment or thoughts.

I'll carry on to share my thoughts and in the process, I hope that you will also leave me your thoughts/ comments!!

As of Monday, there's a slight change in the trading system in SGX.

See Picture. I guesed it's self explainatory.

Boys and Girls, Hello! It's good news last night for DJI, being up 1.55% (205 points).

As of my analysis/view, that is a good sign.

1. For people who think little of TA, do take a look at my black lines, marking out some obvious trends of the index. These lines are the resistance lines of the index at that point in time. When broken, there is a possibility of it being a white candle before showing weakness again.

2. Last night's closing marked a break in resistance of the latest trend and a resistance since Oct 07. It might spark off another rally, although the length of rally is unknown. The resistance as I see is around 13,735 points. Break that and it's good news. Failure to break means get out of market again when weakness shows as seen from the previous sticks.

3. Note that with the green closing, DJI tested it's 50 and 100MA respectively. Good thing is that it did not rebound off drastically instead it closed well with a very encouraging volume. My view would be that DJI might be on it's way to test the resistance this year end.

Did I missed out anthing? Let me drop drop me your comments!

With reference to my previous posting on the Index hitting it's latest resisitance and the gap up sustained. Looks this it's possible that in the few trading days we maybe testing the red line that I've drawn.

If it breaks convincingly, then we have some show else... it's back the sqaure one... up and down in short term trends.

Do read my previous postings!!!!

Mr Sheep is up again. This time round the white candle looks promising, from TA alone. FA wise, with it's new contact coming up I guess that would spark off another crazy buy call. Anyway, the reason why I'm posting so much on Mr Sheep is because I'm vested in it. =D

From the chart, the latest stick has broken some resistance. I would not say it's convincingly broken but at least it broke which it good. Another nice point to observe from this counter is it's support price. It's very strong huh!

Lastly, do i see a double bottom forming or are my eyes blurred. Do advise =)

**Let's see how this festive break affects the market.

There's someone whom I do not know but seem to know my msn contact for years message me saying that I am another jobless freak. To clarify that misunderstanding, I'm indeed jobless now but not another jobless bum. Thanks.

Alright for today's review. Nice Closing on the chart. A sign of reversal perhaps for a gap up tomorrow to start things going.

Notice the Gap down on the index and how it close slightly above yesterday's closing. If my lines are accurate, there should be a gap up tomorrow and it has to sustain, meaning a white candle, else the reversal is not happening.

Notice also the high volume compared to the previous days. Not a bad sign afterall.

My view on STI tomorrow would be a gap up tomorrow and sustained with the red line proving resistance.

LP ah LP. Why did you pick this counter to do a full analysis on? What should I write here?

Resistance line and support line pretty obvious with .295 as a very strong support. For buyers don't buy unless it hits .295 else u're in the middle of nowhere. Not encouraged in times like this.
But then again, buy also not much meat, so don't buy.

Acutally, it's quite sad for this counter, since emergence as of my chart due to limited infomation, it has yet to break .45.

Nothing else, i think*

Hi Calvin, sorry about this late posting.

Generally, I'm not really into such low priced stocks cause my heart cannot take the voltility.

For a time like this, I would not think that it is really necessary to know how in detail the counter is moving, just look at the major support level would be good enough cause rallies don't last long due to lots of profit taking and such as seen from my previous posts.

Point 1:

Simply put, this counter is nearing it's support line which was started Jan 07. With such disgusting volume, I do not really see the chance of a major uptrend coming soon and with the current market conditions, it is likely to drop to that support like or thereabouts.

Point 2:

Also, I tried doing fibbo retracement on this chart and @ .43, the price will hit fibbo's 23.6%, another sign of resistance, perhaps ?

Point 3:

Another line of note would be the resistance line. Not much to talk about now but just for your info.

This is my analysis of AsiaEntp and I would like to hear some comments if I'd not done well in my analysis! It's a learning process afterall!

Hello, everyone! This is a very clear chart in a way for support and resistance price, simply.

Note the different coloured circles and their relationship with the price of around $1.90

Support - Resistance - Support

Another point to note on the last 3 circles is how each of them started thrie own trend.

Yellow Circle: Downtrending till it broke out from it's downtrend.
Green Circle: Side Trending till it broke out of the normal trading zone, albeit the short time period.
Blue Circle: Yet to confirm breakout but rested on support of $1.90 which is important. Might be a doji tomorrow either that testing the tweezer price $1.86, shouldn't be lower that that.

Was spending my entire day sending out resumes and looking for the job that I am interested in, Hoping getting some hands-on on Full Sets of Accounts or Audit/Finance.. Well, now I know that there are actually stages to "reach" in order to get what I what.

Sucks. Anyone of you has lobangs available, I wouldn't mind knowing more.

First post on stocks will be done tonight. Stay tuned.. .. . .. .

This blog is coming back to life!

Got myself a new laptop in this tough times, well something which I did not want to do but not given much of a choice when my 5 year old desktop broke down. So well... might as well....

TO ALL MY FANS OUT THERE!! ha! do keep coming back and keep this blog actively sharing with me your views! It'd be nice! Let's learn together ONCE MORE!!

Although out of the market, I'll post some of my views in the nxt few posts, well lessons learnt.
In the meantime, I've redesigned my trading strategy and I'll share with you people when 'm done ok! Comment please!

Till the next post! WELCOME ME!!!!! =D

I'm without a computer at home now.

Returned my friend his monitor and now I've got a CPU sitting @ home w/o a monitor. This explains my "MIA". But from what I see, my previous posts still's valid. Still trying to break tt 100MA mark?

Another thing to note: My exams starts tomorrow and ends on the 11/12 of which, during this period, I'd definitely be very inactive here, add to the fact that I do not have a monitor at home.

Cheers~~

I'll be back on 12/12/07 again on regular basis. Meanwhile, be careful =))

Once again, I triend my Fibbo again. Hopefully it's right =)

Crucial points to note:

1. Anyway, the index broke out of it downtrend on Monday and sustained.
2. Breaking the Fibbo and 200MA @ around 3420.
3. MACD, RSI and ACCDis all showed good signs
4. 4 out of 5 days, price sustained it's opening and closed well.
5. Very IMPRESSIVE volume on friday.
6. Point to break 61.8% and 100MA @ around 3550. Time frame of this break should be by Tuesday or even Monday if market sentiments are carried forward to next week else....

all the above analysis will be trash ....

Any comments?

Calvin,

I don't seem to find Asia Holding or am i wrong. If you're referring to the IPO as above, ASIATIC GROUP HOLDINGS, 'm not really a fan of IPOs as there's little history to the price movements and also the market sentiments are not very bullish now.

Remeber the times, a few months back, whenever IPO are listed, they almost 90% soar from their placement price. At the current situation, it's not very bullish so..... i'll rather avoid.

Perhaps, Maybe, in a long run this is gonna be a very "power" stock but at the moment, it don't seem to even break that 0.18 mark.

Another thing to note on such penny stocks are the very high % returns and gains due to the large number of lots you might be holding on it.

ie: Since it's so cheap @ 0.17, 1 lot only cost $170. If price falls toe 0.16, that's close to a 6% loss.

Just my view. And again, if you think otherwise, let me know =)