dimpledbrain

The conceptual framework for a man's search for meaning

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PANAMY

February 21st, 2020 by dimpledbrain
Respond

  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
Respond

  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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Optimism vs Pessimism

February 3rd, 2020 by dimpledbrain
Respond

  1. The discussion on optimism vs pessimism is as old as time itself
  2. Either side of the camp hated the other side
  3. Optimism gets things done but the downfall will be from overconfidence. Every major scandal, if you observe around you, stems from this trait and blinded by this problem
  4. Pessimism views the world in a more realistic way (i.e. more accurate picture of reality), however overwhelmed by pessimism, they will not take action
  5. If you look at the book of Ecclesiastes, you might on your first impression, think that the book is pessimistic
  6. However, note that it is written by someone who had it all. It is written by an optimistic person who thinks a dose of pessimism is important
  7. Ecc 2:10-11 “I denied myself nothing my eyes desired; I refused my heart no pleasure. My heart took delight in all my labor, and this was the reward for all my toil.”
  8. The book ends with an encouragement to be bold
  9. Ecc 11:4 “Whoever watches the wind will not plant; whoever looks at the clouds will not reap.”
  10. However, it offers no way of balancing the two. (Ecclesiastes just drowns you in pessimism and asks you to be optimistic at the end)
  11. If we draw a line depicting this, and put optimism at 100 and pessimism at 0, ideally we would like to be somewhere in the region of 75
  12. Enter self compassion
  13. Self compassion is the concept where we forgive ourselves for the mistakes we do and in doing so we continue to forge ahead. We tell ourselves that to err is human and we continuously learn from our mistakes. We will not be like the proverbial deer caught in headlights. Inaction kills.
  14. If we are too optimistic and do not have a sense of pessimism, we will be slaughtered by overconfidence
  15. On the contrary, if we are too pessimistic, we will not take any action to better ourselves
  16. So using the concept of self compassion, be at 75 on the scale

Suggested reading

  1. Ecclesiastes (click here for the link)
  2. Barking Up the Wrong Tree by Eric Barker

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FBMKLCI

February 3rd, 2020 by dimpledbrain
Respond

  1. On the 13th Jan posting, I mentioned that we have drawn the line 1550 to watch, ahead of time.
  2. Now lo and behold, the price is flirting continuously with the line
  3. We also know from my 11 Dec posting that the overall market is weak – and hence this forms our primary impression of the market
  4. Now that it has broken down from the line of 1550, it has a high probability of going all the way down to 1450 OR it holds at 1550 and makes another attempt to go above 1620
  5. On the balance of probability, going near to 1450 or thereabout is more likely at this juncture
  6. I m looking at the 1450 range and a consolidated base will interest me of a reversal.

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