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Bro, I'm not a good chartist lah. There are many bros here who is a good chartist. Maybe they can help too. I just share what I know.

I don't have a good chart to use. POEMS only provide a period of 1 year historical data. Sometimes I use yahoo.sg but this is not an interactive chart. So hard to use also. Recently, I try free ChartNexus but it only provide FREE 3 years chart I think. Also not good enough. If want to see maximum years, think must pay money. But I will just use what I have. Not going to pay money. Give me your email address. I email you a simple CNA candlestick chart which I just do up for your reference. Most important, you need to know how a candle is form. You can search the website.

Good luck!

dantechai      ( Date: 08-Jun-2013 07:13) Posted: Dear Stockcham, Care to share with us the application you use for your TA studies? Trying to learn it now. Thank You

 

hi gurus sifus sijies 

interested to know this as well..

alvinngsh      ( Date: 08-Jun-2013 09:25) Posted: Hi all Bro and Sis any idea  about Hiap Tong?

 

Thanks bro sTockcham. Will take that in mind.

Stockcham      ( Date: 08-Jun-2013 21:01) Posted: Bro dekmelvie, Share consolidation is normally not a good thing. I don't monitor all the counters. But for those consolidation counters I enocunter before, it will melt down slowly. If I have this, I will sell once market open. Don't blame me if I'm wrong. Good luck! dekmelvie      ( Date: 08-Jun-2013 20:47) Posted: Any helpful advise on elektromotive?? Share consolidation starts on Monday. .003-.030.

 

Thks bro stockcham will try to sell asap

 

Bro dekmelvie, Share consolidation is normally not a good thing. I don't monitor all the counters. But for those consolidation counters I enocunter before, it will melt down slowly. If I have this, I will sell once market open. Don't blame me if I'm wrong. Good luck!

dekmelvie      ( Date: 08-Jun-2013 20:47) Posted: Any helpful advise on elektromotive?? Share consolidation starts on Monday. .003-.030.

 

Any helpful advise on elektromotive?? Share consolidation starts on Monday. .003-.030.

 

A very good and sound advice indeed. Thanks.

Stockcham      ( Date: 08-Jun-2013 20:33) Posted: Be careful of Halcyon if bros here thought of buying on Monday. It closed below the minor support of 0.99 at 0.985. The next minor support is at 0.94. If Dow didn't went up this much, this counter will likely to drop again to test 0.94 on Monday. Since Dow chiong, maybe got chance to recover. But hard to say. Anyway, Monday must move up and close above 0.99 to maintain a possible upward trend again.

 

Be careful of Halcyon if bros here thought of buying on Monday. It closed below the minor support of 0.99 at 0.985. The next minor support is at 0.94. If Dow didn't went up this much, this counter will likely to drop again to test 0.94 on Monday. Since Dow chiong, maybe got chance to recover. But hard to say. Anyway, Monday must move up and close above 0.99 to maintain a possible upward trend again.

 

GblYellowpages - The chart shows a downward trend. Friday closed at  minor support of 0.117. The stronger support is at 0.113. If Dow didn't moves up so many points, it is likely to drop to test 0.113. But since Dow chiong, then 0.117 may be able to support. If it can't, 0.113 should hold very well. In fact, it is a good opportunity to enter at 0.113 if it drop. We shall see.

TEE International - This counter drop more compared to other counter that chiong up recently. There may be something going on that investor don't feel good. Support is at 0.405. On Thursday it hit the support and rebound, and a long red candle was formed on Thursday(which mean drop a lot) which is no good. There is a possibility that it may drop further in coming days. Within 2 days if we can see  a long green candle(move up a lot) in a day, then likely the selling is over.  For this counter, I would say must up about 3 cts to create a long green candle. The current price is already near the support. Can wait and see how it goes. Hopefully it does not break the support. If it touch the support again and rebound, it is in fact good to buy. There is some resistance at 0.435-0.44.

Hope it helps.

71tltan      ( Date: 08-Jun-2013 09:43) Posted: Hi bro stockcham any asvise for tee int and globalyellowpga i still hold some in hand

 

Playing stocks is like playing musical chair... Don't be caught without a chair when the music stops.

Lets hope for the best bros! Cheers!

 

anyway i believe current round of correction about to over.. probably the blind leading blind game will resume next week to push up stocks..

 

we already know from the first day that QE wont stop this early if their unemployment rate still above 7%.. yet we have media saying that because people are fearful bernanke may taper QE, that's why stocks drop.. this is not the first time we hear them saying the possibility of QE tapering & each time we end up seeing QE still continuing.. either investors are really having a pessimistic life & distrust bernanke words, or the real reason is not 'cos of the fear of tapering.. i would think that this current drop in stocks is just plain correction, with this tapering QE news as excuse for investors to jump out.. market is moving ahead of their fundamentals, I dont see the current index in dow especially to be justified at record high.. i dont see US economy to be better now compare to just before the 2008 crisis.. the drop is just a reality check.. even after the drop, it is still too ahead of fundamentals.. Asian investors are more cautious & keep a check on reality, more than those US ppl i feel.. i dunno what the US media have been feeding their ppl everyday, making them think as though their economy has recovered & lure them to go to risky assets like stocks.. ppl like warren buffet must be in all smiles now since he has first mover advantage.. the rich just get richer from their networking with high authority ppl who have ability to influence.. average investors like us just make them richer by coming in second.. we just have to ride the tide, hoping more blind leading the blind, and avoid being the last one out..

EddieLeong      ( Date: 08-Jun-2013 11:07) Posted: Quote from Bloomberg " Bernanke needs to see four months of job growth averaging at least 200,000 to justify reducing the pace of asset purchases, according to  Vincent Reinhart  a former director of the Fed’s Division of Monetary Affairs. About 194,000 jobs were added on average over the past six months. " Bernanke will not say print less money by Sep until the average is met. novice_trader      ( Date: 08-Jun-2013 00:17) Posted: Now Dow +1.1%... Will STI chiong on Monday??? Later will Mr Bernanke come out and say thr economy is good so print less money then Monday drop again?

 

Quote from Bloomberg

" Bernanke needs to see four months of job growth averaging at least 200,000 to justify reducing the pace of asset purchases, according to  Vincent Reinhart  a former director of the Fed’s Division of Monetary Affairs. About 194,000 jobs were added on average over the past six months. "

Bernanke will not say print less money by Sep until the average is met.

novice_trader      ( Date: 08-Jun-2013 00:17) Posted: Now Dow +1.1%... Will STI chiong on Monday??? Later will Mr Bernanke come out and say thr economy is good so print less money then Monday drop again?

 

I got tee int @0.435
GYP @0.119

71tltan      ( Date: 08-Jun-2013 09:43) Posted: Hi bro stockcham any asvise for tee int and globalyellowpga i still hold some in hand

 

Hi bro stockcham any asvise for tee int and globalyellowpga i still hold some in hand

 

Hi all Bro and Sis

any idea  about Hiap Tong?

 

Bro, u are right! I entered ard 54c, initially tot can make some lunch money till 58c resistance. So when it broke 58c, I felt there was a chance for it to cheong higher and I took the risk to hold over the weekend. But I never knew it suddenly went mad on mon although DJ was down on fri and started cheonging all the way till I sold at 75c....:)

As for okh, I saw volume picking up. So it maybe a gd sign for it to go further. But historical prices are limited as reference to see its resistance for now. So just be nimble if the tide turns and that applies to me too....huat ar!

Stockcham      ( Date: 07-Jun-2013 23:56) Posted: Bro joseeng, I know you hosei hosei on Ramba because when you told me, the price is only 0.58 and you would have enter earlier. At least 40 pips you made. keong hee keong hee! OKH looks good. If you tell me today during trading time I will chiong in. See how it perform on Monday. Thanks! joseeng      ( Date: 07-Jun-2013 21:51) Posted: Bro stockcham and fellow bros, I think okh stands a chance if mkt sentiments remain gd...lookout for it.

 

Dear Stockcham,

Care to share with us the application you use for your TA studies? Trying to learn it now.

Thank You 

 

Rowsley today chiong up to touch 0.50, suck ppl inside then flush down to 0.47... Classic Friday nightmare for Rowsley. Maybe Monday will down somemore to back to square one...

Any bros in Oakwell? I'm stuck and cannot sell also, queue whole day no luck to sell even at 0.077... Suddenly chiong up touch 0.078 and down it goes. Or will it chiong next week?

novice_trader      ( Date: 06-Jun-2013 23:50) Posted: Usually Rowsely up, slowly those Peter Lim counter will move also... But the fear of the repeat of Rowsely price when it fall from 0.5 all the way to 0.4 remember? It was a Friday I remember and rumours that somebody was hospitalized... That made me worry whether it can chiong pass 0.51. I believe Sinamaras has a good chance to chiong pass $1 like ISDN and Halcyon... CNA I will be vested tomorrow as I believe it will move soon. Cheers bros! Good night! Stockcham      ( Date: 06-Jun-2013 23:35) Posted: Jiutian C -  it may chiong again after taking a rest. More upside to come. Hiap Tong - This counter is moving up quietly. Informatics - Looks like coming. Cosmosteel - can still move. resistance at 0.45 Rowsley - Look like trying it high soon at  0.51. XMH - If tomorrow green again,  more upside expected.  Dukang - Looks strong but I'm not going to touch it until it take a rest.

 

Now Dow +1.1%... Will STI chiong on Monday??? Later will Mr Bernanke come out and say thr economy is good so print less money then Monday drop again?