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My strategy has always been to ride cycles not trading so it's ok. Just didn't expect 2 dip recession. hehe... never mind, accumulate powder for the next STI 1400. I'm in an even better position this time.
Dont Worry if you have holding power just let it hang there.
What goes up will come down and vice versa. Mermaid
is not the only counter that has gone down terribly. Look
at most of the counters all also dropped chia lat chia lat.
Just my 2 cents
Cheers!!!
E-war ( Date: 25-May-2010 15:45) Posted:
| Thks for concern guys. This is the only counter I nibbled recently n only a few lots so ok lah. Still breathing n eating normally. Nevermind lah, I want her to tank asap then rebound. haha... |
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more downside on the way....should hit 20cents soon....
Unfortunately , mermaid hit the downside target at 44 cents today , n the trend is still very weak , any rebounce should be a opportunity to sell .
Bintang ( Date: 24-May-2010 20:44) Posted:
Mermaid went down further without rebounce , its RSI is at 22 which means that it could go down further .Directional movement index is of course negatively placed n ADX is rising from 31 .Further more , the share price has fallen n penetrated the downward channel recently , technically , if the final support at 44 cents fails , then the share price may go down to 26 cents eventually .
Bintang ( Date: 17-May-2010 21:37) Posted:
| Mermaid suddenly gapped up strongly to reach 84 cents on 21 April 2010 , but unfortunately it formed a bearish engulfing candle the next day to stop the uptrend n came down rapidly . It not only filled the gap created on 21 April 2010 at 73 cents , but also broke new low to reach 59.5 cents today . Technically , mermaid could go down to 44 cents because in this downtrend movement , the bearish rising wedge has already formed |
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Thks for concern guys. This is the only counter I nibbled recently n only a few lots so ok lah. Still breathing n eating normally. Nevermind lah, I want her to tank asap then rebound. haha...
Sorry i mean cut loss for him now may not be a good option. Typo error below....
shadowmoon ( Date: 25-May-2010 08:05) Posted:
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At this moment, cut loss for him will not be a option. Mermaid can drop now, i believe it will goes back again to the price he bought in matter of time.
Cut loss now to him is quite late now. Maybe the money he used to vest for Mermaid is spare money. Than he can hold on.
If he hold on now, currently it will just be paper lost. Just take it a lesson learn for this round.
susan66 ( Date: 25-May-2010 00:49) Posted:
Ya you are right, slowly drop can be torturing to those who are holding. But if you know how to analyse charts, you may know that we should have exited around 0.785, the day when it close low, especially with longer bar. If turn around to short, would have earned more & more till today! Seems that downtrend has not ended, very bearish chart.  |
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At this moment, cut loss for him will not be a option. Mermaid can drop now, i believe it will goes back again to the price he bought in matter of time.
Cut loss now to him is quite late now. Maybe the money he used to vest for Mermaid is spare money. Than he can hold on.
If he hold on now, currently it will just be paper lost. Just take it a lesson learn for this round.
susan66 ( Date: 25-May-2010 00:49) Posted:
Ya you are right, slowly drop can be torturing to those who are holding. But if you know how to analyse charts, you may know that we should have exited around 0.785, the day when it close low, especially with longer bar. If turn around to short, would have earned more & more till today! Seems that downtrend has not ended, very bearish chart.
E-war ( Date: 25-May-2010 00:41) Posted:
| Tmr 1 day probly won't drop so fast. Interesting bcos can't predict at all. Anyway for me if she wants to drop. Might as well get it over with, lao sai one shot then be healthy |
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Ya you are right, slowly drop can be torturing to those who are holding. But if you know how to analyse charts, you may know that we should have exited around 0.785, the day when it close low, especially with longer bar. If turn around to short, would have earned more & more till today! Seems that downtrend has not ended, very bearish chart.
E-war ( Date: 25-May-2010 00:41) Posted:
Tmr 1 day probly won't drop so fast. Interesting bcos can't predict at all. Anyway for me if she wants to drop. Might as well get it over with, lao sai one shot then be healthy.
happytrading ( Date: 24-May-2010 23:55) Posted:
| Will be interesting to see it falls to 10 cents is it??? |
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Tmr 1 day probly won't drop so fast. Interesting bcos can't predict at all. Anyway for me if she wants to drop. Might as well get it over with, lao sai one shot then be healthy.
happytrading ( Date: 24-May-2010 23:55) Posted:
Will be interesting to see it falls to 10 cents is it???
E-war ( Date: 24-May-2010 23:35) Posted:
Tmr will be interesting... |
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Will be interesting to see it falls to 10 cents is it???E-war ( Date: 24-May-2010 23:35) Posted:
Tmr will be interesting... |
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Tmr will be interesting...
ok noted
Bintang ( Date: 24-May-2010 22:23) Posted:
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Hi shadowmoon ,
In this market , many things always happen unpredictable , therefore mermaid 's downside target is based purely on technical point of views , n this may come true or may not , wait n see .
shadowmoon ( Date: 24-May-2010 21:31) Posted:
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Hi Bintang, falling below 44cents, is it a worst case scenario u trying to depict?
The possibility is how many percent? |
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Hi shadowmoon ,
In this market , many things always happen unpredictable , therefore mermaid 's downside target is based purely on technical point of views , n this may come true or may not , wait n see .
shadowmoon ( Date: 24-May-2010 21:31) Posted:
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Hi Bintang, falling below 44cents, is it a worst case scenario u trying to depict?
The possibility is how many percent?
Bintang ( Date: 24-May-2010 20:44) Posted:
| Mermaid went down further without rebounce , its RSI is at 22 which means that it could go down further .Directional movement index is of course negatively placed n ADX is rising from 31 .Further more , the share price has fallen n penetrated the downward channel recently , technically , if the final support at 44 cents fails , then the share price may go down to 26 cents eventually |
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Hi Bintang, falling below 44cents, is it a worst case scenario u trying to depict?
The possibility is how many percent?
Bintang ( Date: 24-May-2010 20:44) Posted:
Mermaid went down further without rebounce , its RSI is at 22 which means that it could go down further .Directional movement index is of course negatively placed n ADX is rising from 31 .Further more , the share price has fallen n penetrated the downward channel recently , technically , if the final support at 44 cents fails , then the share price may go down to 26 cents eventually .
Bintang ( Date: 17-May-2010 21:37) Posted:
| Mermaid suddenly gapped up strongly to reach 84 cents on 21 April 2010 , but unfortunately it formed a bearish engulfing candle the next day to stop the uptrend n came down rapidly . It not only filled the gap created on 21 April 2010 at 73 cents , but also broke new low to reach 59.5 cents today . Technically , mermaid could go down to 44 cents because in this downtrend movement , the bearish rising wedge has already formed |
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10 cents, will be good to get more at this price.
happytrading ( Date: 24-May-2010 20:18) Posted:
Good drop to 10 cents
myjw2010 ( Date: 24-May-2010 17:06) Posted:
| Downtrend confirmed.... See it fall tmr,,,, |
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Mermaid went down further without rebounce , its RSI is at 22 which means that it could go down further .Directional movement index is of course negatively placed n ADX is rising from 31 .Further more , the share price has fallen n penetrated the downward channel recently , technically , if the final support at 44 cents fails , then the share price may go down to 26 cents eventually .
Bintang ( Date: 17-May-2010 21:37) Posted:
Mermaid suddenly gapped up strongly to reach 84 cents on 21 April 2010 , but unfortunately it formed a bearish engulfing candle the next day to stop the uptrend n came down rapidly . It not only filled the gap created on 21 April 2010 at 73 cents , but also broke new low to reach 59.5 cents today . Technically , mermaid could go down to 44 cents because in this downtrend movement , the bearish rising wedge has already formed .
Bintang ( Date: 13-Mar-2010 21:48) Posted:
| Mermaid fell below its 200MA since Feb2010 , it tried very hard to rebound from the low at 63 cents in order to fill the falling gap at 70.5 cents . It did fill the gap already , but still did not have the momemtum to cross the 200MA . It is now forming the bottom while its medium n long term moving averages are above its share price . To reverse the trend may have to take some time |
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Good drop to 10 cents
myjw2010 ( Date: 24-May-2010 17:06) Posted:
| Downtrend confirmed.... See it fall tmr,,,, |
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Downtrend confirmed.... See it fall tmr,,,,
Never mind, if drop then might as well drop like nobody's business, and to rock bottom too.
technical analysis done.. go to my blog for chart reference -->http://www.hahalolmix.blogspot.com/
