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what is a t+3/t+5 pressure? Is it referring to those shortist who have previously started covering due to the rally, needs about 3 to 5 days for settlement before they starting shorting again?
Use the price and vol action to determine the intra day trend. This would help you to decide if you should enter or exit a trade. Buy at support and sell at resistant. Use the chart to help you determine this. News would be catalyst that will motivate you to consider the counter to trade only.
Eg. Chinaminzhong has very clear support and resistant shown in the chart the range are....
74/74.5 -- 78/78.5 -- 80/80.5 -- 82/82.5 -- 84
You also need to observe if on the day it rally will huge volume, the next few days will be critical as a tapering off trend or drop in price compared to the day of the rally would only mean that those on contra mode might be ready to cut loss which put pressures on the rally.
For today's closing with a lower low compared to yesterday, I expect the t+5/t+3 pressure to be confirmed. As mentioned earlier, if 80 support breaks then it is likely to test 78.
Personally I believe in chinaminzhong .... just need to enter and exit at the right level .
I am vested
tea444u ( Date: 20-Nov-2012 17:54) Posted:
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one of the worst counters ever i invested in.... really pui pui pui....... great results and chinese new year coming still stagnant... too much this counter.......
ya. maybe
well i try to be short term for most stock due to the volatile mkt these days...
i have slowly understand that long term stocks can kill too
anyway, really notice alot of buy sell at 80c today and even yesterday...
hopefully can see a change soon!
srichipan ( Date: 20-Nov-2012 15:42) Posted:
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you long term or short term player?
long term should buy, short term should wait and see
should i load more now to average the price?
srichipan ( Date: 20-Nov-2012 13:35) Posted:
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ok la. later the covering comes, it will be fast and furious
back to 80.5c again...
will this price hold?
srichipan ( Date: 20-Nov-2012 12:36) Posted:
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quite alot of bbs bought this yesterday what. including franklin who had sold earlier and then bought this back again
oppa49 ( Date: 20-Nov-2012 00:59) Posted:
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yes...not in china...
well...seems like it hang on for quite awhile from the price rang 80 to 81.5c
COS MR OBAMA IS IN MYANMAR.
pcxiao2008 ( Date: 20-Nov-2012 12:08) Posted:
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i see...but not much buying volume today...
i guess all went into mynamar related stocks like yoma, interra...wasted din vest in yoma this morning
srichipan ( Date: 20-Nov-2012 12:03) Posted:
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means it will hit 0.820 and goes up very fast. i'm observing the buying patterns
pcxiao2008 ( Date: 20-Nov-2012 11:50) Posted:
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which means it will come down very soon?
srichipan ( Date: 20-Nov-2012 10:59) Posted:
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Very near breakout liao
super quiet today...no strength to chiong liao
Most are worried because a substantial stake holder sold a sizable amount of shares. For the short term, it might be wise to take some profit first. Charts wise, if 80 breaks (also the 20ma), just be nimble as those trading contra will be pressurised to sell (78 support). 82 is the resistance for now and if it breakout, it will turn into a support level.
Need to watch for a confirmation. Good luck.
tea444u ( Date: 19-Nov-2012 23:56) Posted:
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really ah this one is a test of nerves.
srichipan ( Date: 19-Nov-2012 20:59) Posted:
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really gain little only. zzz. hope tmr chiong more.