Ho Bee Land    Last:1.8    -0.02

Riding High On The Sentosa Wave

If tomorrow Ho Bee opens at 1.34 then go to 1.35 without looking back at 1.32/3, it will very very likely move away from the triangle which it had penetrated earlier today.

 

Did anyone notice the beautiful 'panhandle' forming on Ho Bee's chart? Get off  a minute from the kitchen and take a peek  at this  ...

Olde style technicians love it more than anything else.... :)

 

Hi Theresa,

A lagging indicator like Moving Average tells you basically what happened in the past. Its a good chart to start with when learning TA.

Regarding the number of days to use for MA, the larger the number of days, the more lag you will experience. The smaller the number, the less lag. However, an MA line with a larger number of days will be less prone to "noise" than one with a small number of days.

Its up to the individual trader to see which one suits him best. I think a 14 day MA is a good enough place to start at.

 

By the way, today  Ho Bee is behaving like my pet dog ... so obedient and  obligingly nice  ... :) 

 

Hi Theresa...



I am a TA guy, but my brand of TA is not as complicated as others'. I go for 'no frills' TA, which in olden parlance, more commonly known as 'chart-reading'. make no mistake about it... I love the huge variety of indicators...oscillators, bands.. advanced lines... etc, etc... but only at an academic level... ie. I enjoy studying them.



To me moving averages are a nuisance. When I open a chart, the first thing I do is remove it as it is such an eyesore on an otherwise beautiful price chart. MA's are yesterday's news of no practical value to me. They are smoothed averages.. the longer the period, the 'smoother' they become. How nice if people's complexion are like that... :)



Anyway to be able to trade well, one must necessarily know TA first, otherwise the battle is already lost before you begin.

 

Hi Singaporegal,

 

Thank you very much for yr reply.  Btw, what do you mean by lagging indicator ?

If the moving average turn out to be 1 to 2 mth?s time, will it be more detailed telling more about the share ?  If the moving average indicates a up and a side way trend, do you think it is a best time to buy in, as it is always says ?follow the trend?

 

Thank you & Best Regards

 

Hi Theresa,

MA with 14 days means that its a Moving Average of 14 days. The value of the MA today is the average of the past 14 trading days.

It is a lagging indicator. Check out www.investopedia.com for a more detailed explanation.

 

Hi IPunter Master,

 

Since you do look at the charts, can I check with you what is MA (14d)   means ? 

It appears on the chart as a thin red line.  It must have show some meaning to it.  Can you advise to me what does that mean?

 

Thank you very much for yr advice.

 

B.Regards

Theresa

 

Looks to be on slow uptrend to me. Lets see what happens by early next week

 

If you look at the charts for Ho Bee, you will find that is so strikingly and even eerily similar to UIC before the latter spurted up.



UIC has taken a big lead while Ho Bee now looks poised to show it's mettle too. And tomorrow could just be the decisive day for this juicy juicy darling. It's a  real beauty of a TA sample, this one.

**If tomorrow it opens unchanged as today's closing, then it would have 'broken out', and the gates for the bulls would be open for their ensuing stampede in the days and weeks ahead.  

 

Hi cheongsl,

I prefer slow price uptrends with good volumes to huge price increases with low volumes. The latter is not sustainable.

 

elfinchilde...

somehow your posts have got that delicious and delighting appeal...

somewhat like an exotic dish on the menu...  :)

 

Thks Singaporegal, uptrend is weak, but seems to increase in intensity, will see for the next few days.

 

Thanks elfinchilde!

Anyway, I think it has resumed its a slow uptrend.

 

haha yes....in any case, big players have all but closed their books for the year; it's time for us small fries to take a break too. If you're vested stay vested, if you're not, don't go in now. Lots of other counters anyway, no fear on losing an opportunity. :)

And on another note, singaporegal has got to be one of the best TA people I've seen around. Hats off to her! \(^o^)/   

 

haha... it appears trend is a highly contentious issue... :)

 

It is a up trend.

 

Trend now uncertain... wait and see

 

Looks like in the upwards thrust as volume slowly build up at 1.28, hopefully breaking 1.3 in this fewdays.

 

Stock's not downtrending, it's stablising; 'fallow' period before a breakout. Xmas time, fund managers are going on holiday soon, so expect entire market to take a breather for this week and next as people take their profits. Slight dip expected as Chaikin's a little down; but overall trend still positive. RSI steadily rising. It's a chance for accumulation, wait and see. 

Similar to Wing Tai. Both stocks worth considering.