China Sports   

China Sport

Sorry, don't get u.  

richtan      ( Date: 12-Jul-2009 01:10) Posted: For me, I based on the 14 day volume ma, it must be at or above tat 14ma.   pilotfish      ( Date: 12-Jul-2009 00:48) Posted: Hi richtan, Appreciate for your valuable comment. From your experience how much would be consider high volume for CSI?

 

For me, I based on the 14 day volume ma, it must be at or above tat 14ma.

 

pilotfish      ( Date: 12-Jul-2009 00:48) Posted: Hi richtan, Appreciate for your valuable comment. From your experience how much would be consider high volume for CSI?  richtan      ( Date: 11-Jul-2009 15:55) Posted: Even if Mon is a higher high n higher low white candle, the risk/reward is not favorable as it is too near the 15ema, 25ema n 65ema n these emas had been acting as strong resistance. Safer to buy only when it moves above the emas and test it as support. This is only my opinion, dyodd.

 

Hi richtan,

Appreciate for your valuable comment.

From your experience how much would be consider high volume for CSI? 

richtan      ( Date: 11-Jul-2009 15:55) Posted: Even if Mon is a higher high n higher low white candle, the risk/reward is not favorable as it is too near the 15ema, 25ema n 65ema n these emas had been acting as strong resistance. Safer to buy only when it moves above the emas and test it as support. This is only my opinion, dyodd. richtan      ( Date: 11-Jul-2009 15:49) Posted: Oh, one more thing, if it is a hammmer (ie tail must at least twice the small body), it still needs confirmation of higher high and higher low white candle the next day for trend reversa

 

Hi Bintang, hang man also needs to have a lower shadow (the tail), which is at least twice the height of the real body as well.

So i can say it is actually not a hang man. Besides, a bearish hang man

should occurred at a market top or during an uptrend.

 

For China Sports ,  I fully agree with richtan , the Friday closing candle was not a hammer , normally the best hammer is formed at the bottom n at the  ending of a sideway trend . And the volume after the hammer must exceed the daily average volume , then we can confirm that is really a powerful hammer . So if  Friday 's candle was not a hammer , then it must be a hanged man rather , so the following candles  might fall below the hanged man candle .

 

Even if Mon is a higher high n higher low white candle, the risk/reward is not favorable as it is too near the 15ema, 25ema n 65ema n these emas had been acting as strong resistance.

Safer to buy only when it moves above the emas and test it as support.

This is only my opinion, dyodd.

richtan      ( Date: 11-Jul-2009 15:49) Posted: Oh, one more thing, if it is a hammmer (ie tail must at least twice the small body), it still needs confirmation of higher high and higher low white candle the next day for trend reversal richtan      ( Date: 11-Jul-2009 15:43) Posted: Hi dealer0168 n pilotfish, Tat black candle does not qualify as a hammer. A hammer must have a lower shadow (tail) of a minimum twice the length of the body

 

Oh, one more thing, if it is a hammmer (ie tail must at least twice the small body), it still needs confirmation of higher high and higher low white candle the next day for trend reversal

richtan      ( Date: 11-Jul-2009 15:43) Posted: Hi dealer0168 n pilotfish, Tat black candle does not qualify as a hammer. A hammer must have a lower shadow (tail) of a minimum twice the length of the body dealer0168      ( Date: 11-Jul-2009 01:02) Posted: Hi el7888, Actually, i'm abit quite bullish on the economy results to be announced next week. But not sure if it comes truth & also come in time. Anyway, nothing is fixed..........let see how things moved on next week ( although currently the TA point of view don't look quite good for China Sport).. Hi pilotfish, The hammer formed today maybe is only a normal hammer as its lower shadow (the tail) is not long enough. Anyway monday will know.

 

Hi dealer0168 n pilotfish,

Tat black candle does not qualify as a hammer.

A hammer must have a lower shadow (tail) of a minimum twice the length of the body

dealer0168      ( Date: 11-Jul-2009 01:02) Posted: Hi el7888, Actually, i'm abit quite bullish on the economy results to be announced next week. But not sure if it comes truth & also come in time. Anyway, nothing is fixed..........let see how things moved on next week ( although currently the TA point of view don't look quite good for China Sport).. Hi pilotfish, The hammer formed today maybe is only a normal hammer as its lower shadow (the tail) is not long enough. Anyway monday will know.

 

Thanks for the 2 great contributors. Our 2 gems.

Just examined CapitalLand, it is going down. Indicators getting weaker.

For CSI, indicators gaining strength.  Still need volume to drive price else it's lkely to travel sideway.

Just my view..

 

Capitaland is now going into correction phase,   the D+  has just crossed the D-  n  ADX  is heading down , it  looks like going to break recent low at $3.30 , if  this point would not support , then it may test the $3.20  which  is the lower trendline of the downward channel . China Sports is the same correction pattern as Capitaland , so the trend is still weak in the coming week .

 

Look at Capitaland, the chart formation is the same as China Sport. But Capitaland got volume.

On Monday, just wait for the confirmation on both China Sport and Capitaland, maybe SP Ausnet as well.  

China Sport, Support and Ressistance = 0.135



For Capitaland, the Support and Resistance = 3.5

 

Weekend take a rest la. No need to work like 股神. Ha ha.

Have a good weekend!

pilotfish      ( Date: 11-Jul-2009 02:54) Posted: Wrong indication. Sigh...

 

Wrong indication. Sigh...

 

Good sign noted in US indexes. Should rebounce tonight (correction rally)...

pilotfish      ( Date: 11-Jul-2009 01:23) Posted: "buy signal" not "buy strength".. need volume to drive price... pilotfish      ( Date: 11-Jul-2009 01:19) Posted: Hi dealer0168, Indicators gaining strength. Got to wait a while for buy strenght. Need volume.  Don't follow my "commando entry".

 

"buy signal" not "buy strength".. need volume to drive price...

pilotfish      ( Date: 11-Jul-2009 01:19) Posted: Hi dealer0168, Indicators gaining strength. Got to wait a while for buy strenght. Need volume.  Don't follow my "commando entry".    dealer0168      ( Date: 11-Jul-2009 01:05) Posted: Just hope next week got positive economy news that can help push China Sport up early, just hope fr the BEST . Cheers.

 

Hi dealer0168,

Indicators gaining strength. Got to wait a while for buy strenght. Need volume. 

Don't follow my "commando entry".   

dealer0168      ( Date: 11-Jul-2009 01:05) Posted: Just hope next week got positive economy news that can help push China Sport up early, just hope fr the BEST . Cheers. dealer0168      ( Date: 11-Jul-2009 01:02) Posted: Hi el7888, Actually, i'm abit quite bullish on the economy results to be announced next week. But not sure if it comes truth & also come in time. Anyway, nothing is fixed..........let see how things moved on next week ( although currently the TA point of view don't look quite good for China Sport).. Hi pilotfish, The hammer formed today maybe is only a normal hammer as its lower shadow (the tail) is not long enough. Anyway monday will know.

 

Just hope next week got positive economy news that can help push China Sport up early, just hope fr the BEST . Cheers.

dealer0168      ( Date: 11-Jul-2009 01:02) Posted: Hi el7888, Actually, i'm abit quite bullish on the economy results to be announced next week. But not sure if it comes truth & also come in time. Anyway, nothing is fixed..........let see how things moved on next week ( although currently the TA point of view don't look quite good for China Sport).. Hi pilotfish, The hammer formed today maybe is only a normal hammer as its lower shadow (the tail) is not long enough. Anyway monday will know.

 

Hi el7888,

Actually, i'm abit quite bullish on the economy results to be announced next week. But not sure if it comes truth & also come in time. Anyway, nothing is fixed..........let see how things moved on next week ( although currently the TA point of view don't look quite good for China Sport)..

Hi pilotfish,

The hammer formed today maybe is only a normal hammer as its lower shadow (the tail) is not long enough. Anyway monday will know.

 

 

Price continue to fall with weak volume. Buying pressure is weak. Agree with bintang 13 cents may not hold. Nevertheless, price bounce from 12.5 cent. Today ended with a hammer, I suppose, but the tail is not long enough. Richtan, am I right. Let see how it goes now need volume to push price ...

see chart

 

I wanted too. But China Sport is trading in very tight range in last few days. And also volume totally collapsed. We want to see some upmove with strong volume. Volume is the key. 

dealer0168      ( Date: 10-Jul-2009 19:34) Posted: Still got chance for a reversal, stay positive. Cheers. el7888      ( Date: 10-Jul-2009 18:45) Posted: Hopefully not. Today market volume remains sluggish with light volume. This may happen in the next few days with indecisive sideway move. Wait and see.