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Entries from September 30th, 2019

HAIO

September 30th, 2019 No Comments

We discussed this chart previously, marked A above Look at the next 3 days. And now see the following – so beautiful Trapped bull – strong gapping down action 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 No Comments

This is such a beautiful chart Human behaviour is so strong and fashionably predictable. Without fail. Do you think the above is quality buying or quality selling? I view the above as quality selling. It is climatic buying. Every bull rushes in to buy. If you have gotten in at ~RM0.98, you should sell everything […]

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Trendless chart

September 24th, 2019 No Comments

A trendless chart is different from a trading range A trendless chart is without any professional manipulation and is bopping up and down aimlessly Of course a trendless chart can turn to a trending chart and vice versa (but when?) Best to be avoided at all cost Imagine if your capital is stuck in this […]

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HAI-O

September 24th, 2019 No Comments

Look at this beautiful chart. In early Aug 2019, there is stopping action. And then for 13 sessions, there is total dullness in the market On 27 August, the market moves up with good volume On 30 Aug onwards, for 9 sessions, the market went into a re-accumulation zone (low volume at this period shows […]

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SP Setia

September 23rd, 2019 No Comments

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

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KLCI

September 23rd, 2019 No Comments

From March 2018 to Sept 2018, a long term downward channel has been established In June and July 2019 this year, for the first time it tried to go above the supply line And it becomes very clear that in July 2019, there is no sufficient demand to sustain this move and so it dropped […]

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Armada

September 15th, 2019 No Comments

I was first asked to check on Armada on 20/8. Refer to point A above. At that point in time, I said the chart is weak and there is no demand. Lo and behold on 30/8 (10 days later) demand came in and pushed the price up (Point B) It then retraces beautifully over the […]

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