dimpledbrain

The conceptual framework for a man's search for meaning

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MAGNI

October 17th, 2019 by dimpledbrain
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  1. This is an interesting case study that I have
  2. I bought around A last year – its fundamental is irresistible
  3. In hindsight, B will be a better place to buy – climatic action
  4. C, D, D1 and D2 are good places to top up
  5. I got out at E
  6. In hindsight, F is a first sign of more serious warning and getting out at G is better
  7. The stock has been adjusted accordingly for bonus issue/ stock split etc

I made a respectable +43% on this stock, holding it for ~10 months

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AIRASIA

October 16th, 2019 by dimpledbrain
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  1. At A – clear selling is seen
  2. At A1, stopping of selling is seen.
  3. B will be a good entry point to buy
  4. C is where some supply comes in (hard to trade)
  5. D has no incoming demand to support the price, a precursor to a lower price
  6. Entire buying and selling got flipped at E – from bearish it suddenly turned bullish

This is one chart that I couldn’t read – I was told to buy at D. However I know it is weak. Even at E, I’m not convinced of the volume as it approaches the support turned resistance line.

We need to see the next few reaction bars to determine if this is genuine bullish or otherwise. Note that AirAsia is managed by very scary operators. Trading this will prove extremely difficult.

If you have any idea on how I can relook at this, I’ll be all ears.

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REITS and Banking

October 16th, 2019 by dimpledbrain
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I’m penning this down so that it will appear more predictive when it happens.

REITS chart (first one below)is going down while the banking sector (finance) (2nd chart) is turning up – contrary to what the news is out there

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HAIO

September 30th, 2019 by dimpledbrain
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  1. We discussed this chart previously, marked A above
  2. Look at the next 3 days.
  3. And now see the following – so beautiful
  4. Trapped bull – strong gapping down action
  5. In Soros’ memoir, I recalled it was mentioned that Malaysian operators take no prisoners. This is total annihilation

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SCGM

September 30th, 2019 by dimpledbrain
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  1. This is such a beautiful chart
  2. Human behaviour is so strong and fashionably predictable. Without fail.
  3. Do you think the above is quality buying or quality selling?
  4. I view the above as quality selling. It is climatic buying. Every bull rushes in to buy.
  5. If you have gotten in at ~RM0.98, you should sell everything and see how the reaction turns out to be to decide next course of action

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Trendless chart

September 24th, 2019 by dimpledbrain
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  1. A trendless chart is different from a trading range
  2. A trendless chart is without any professional manipulation and is bopping up and down aimlessly
  3. Of course a trendless chart can turn to a trending chart and vice versa (but when?)
  4. Best to be avoided at all cost
  5. Imagine if your capital is stuck in this kind of chart for years

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HAI-O

September 24th, 2019 by dimpledbrain
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  1. Look at this beautiful chart.
  2. In early Aug 2019, there is stopping action.
  3. And then for 13 sessions, there is total dullness in the market
  4. On 27 August, the market moves up with good volume
  5. On 30 Aug onwards, for 9 sessions, the market went into a re-accumulation zone (low volume at this period shows there is no additional supply)
  6. It keeps moving up in a beautiful uptrend channel

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SP Setia

September 23rd, 2019 by dimpledbrain
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  1. This kind of chart is a rather easy set up to buy
  2. However, look at the last 2 sessions (circled in blue)
  3. On retracement, the volume increases, which is bearish. It means the market still has some supply to be absorbed
  4. Else, it will be a good trading buy

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KLCI

September 23rd, 2019 by dimpledbrain
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  1. From March 2018 to Sept 2018, a long term downward channel has been established
  2. In June and July 2019 this year, for the first time it tried to go above the supply line
  3. And it becomes very clear that in July 2019, there is no sufficient demand to sustain this move and so it dropped back to the current trading range of 1600-1590
  4. Therefore the bear is still in control now
  5. We need more evidence to assess if a change of behaviour is happening

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Armada

September 15th, 2019 by dimpledbrain
Respond

  1. I was first asked to check on Armada on 20/8. Refer to point A above.
  2. At that point in time, I said the chart is weak and there is no demand.
  3. Lo and behold on 30/8 (10 days later) demand came in and pushed the price up (Point B)
  4. It then retraces beautifully over the next 4 days. Observe how the closing price retraced into a tight spot and on decreasing volume (there is no further supply being pressed onto the market)
  5. The market went up above RM0.30 (the resistance line that I talked about in the last post)
  6. It still has the capacity to go up until demand is exhausted + supply comes in. What it does on the next retracement will provide clue onto the next likely movement

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