dimpledbrain

The conceptual framework for a man's search for meaning

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FBMKLCI

March 17th, 2020 by dimpledbrain
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  1. I have written extensively that the market is weak and poised to go down. (Tan Teng Boo of the Capital Dynamics fame has been waiting for this bear market for 10 years now I think)
  2. It is not possible to know the extent of the drop (only via hindsight) but we can deduce and infer if the market is strong or weak and what is the probability of the next move
  3. Now that the market has broken down, we will need to await for clusters of consolidation, which will signal a reversal. (this can take from 6 months to 2 years, depending)
  4. We are already in a bear market, which is long overdue.
  5. In 2007/08, the support line was around 800

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FBMKLCI

March 3rd, 2020 by dimpledbrain
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  1. On 3 Feb, long before any political fiasco, I wrote that the market has broken the 1550 line and chance favours the downside to the 1450 area
  2. Unlike political parties, charts rarely lie and they dont reverse their position in 1 day (since it takes a long period of time to build the cause for the move, i.e. up or down)
  3. Exactly after 1 month from my last posting, the chart makes its first flirt on the 1450 line
  4. As i said previously, let’s see what happens now – a consolidated base will interest me of a reversal OR another downmove will resume

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PANAMY

February 21st, 2020 by dimpledbrain
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  1. To the uninitiated, every chart looks the same
  2. But there is a huge difference to the trained eye
  3. Do you think the above is strong or weak? Buy or no buy
  4. Why?

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AirAsia

February 21st, 2020 by dimpledbrain
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  1. If you must buy Airasia, this is the time to look at it
  2. Hard stop loss at RM1.14, with a potential upside to RM1.30

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Dutchlady

February 19th, 2020 by dimpledbrain
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  1. Dlady is an interesting stock to watch
  2. Clear resistance is around RM65, while support is around RM40
  3. It is at an attractive price point to buy
  4. Cut loss should be set at slightly below RM40

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BTC

February 17th, 2020 by dimpledbrain
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  1. For BTC to turn down without reaching the upper of the upchannel means supply is present
  2. Strong resistance (selling) can be seen around ~USD10.5K
  3. At this rate, it is more possible for BTC to break the downward channel and rebuild a base (if it is to resume the upmove) or just breakdown from there THAN to resume its upmove immediately

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REITS

February 14th, 2020 by dimpledbrain
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  1. I could have made another post when REITS turns down to justify my posting but I chose to post it now, to see the market as it is
  2. Previously I mentioned that I expect it to shoot down to the low of ~950 than to shoot up to ~980
  3. BNM came out with yet another statement on 12 Feb that they have ample of room to cut rate, sending REITS to another high
  4. Unless it can take out the resistance line ~980, it still looks weak to me
  5. Let the market unfold a few more bars before we make a stand

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ETH

February 13th, 2020 by dimpledbrain
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  1. Beyond the point that all crypto will trend BTC, what can we say about ETH
  2. It has blasted through the upward channel
  3. There is resistance around USD300 – this will be the line to watch once price approaches this level

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BTC

February 13th, 2020 by dimpledbrain
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  1. We last updated on BTC on the highlighted yellow bar
  2. I mentioned that there is support at USD7.7K and it can potentially reach USD9.5K
  3. It then went through the line and now BTC is around USD10K
  4. What are the new levels – i have drawn an upward trend channel. Price should be oscillating this channel for the coming 1-2 months
  5. There is an upward bias now
  6. I notice a strong resistance at USD12K, USD13K and USD14K lines

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REITS

February 12th, 2020 by dimpledbrain
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  1. We left our discussion somewhere around the highlighted yellow bar
  2. I said that I expect it to go down to ~950 than to shoot up to ~980
  3. Depending on your timeframe and how you looked at it, it actually went up to ~980 (albeit for 1 -2 days) for one last time before diving to the low of ~940
  4. I still expect this to go down in the medium term (1-3 months)
  5. BNM made a statement today that they have ample room to adjust interest rates (and that’s the reason, in hindsight, why the chart went up 5 days ago)
  6. You can always see it first on the chart, the news will follow

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