After a series of big drop in the market, PUBLIC BANK was tested multiple times @ our STOP LOSS - RM9.90. But it was seen to closed about that for four days consecutively. Looking at the weekly chart and it seems like a shake out before rally. Sign of strength. We need to keep our [...]
Archive for August, 2008
Stock Review: Public Bank - Supported @ RM9.90
Bursa KLOFEE - Out for Short Trade. Turn Long
The short trade was out after the low was tested for three times and went up after that. Long trade is potential. Put your stop @ 1050 and profit target near or above the channel top quadrant.
Bursa KLOFFE - 10 points at hand!
You’ll gain at least 10 points if you have take action right after the up thrust. This proves how important to be decisive. KLOFFE will go further down but will temporarily support at 1051 level. If you hold more than 1 contracts, could take some profit now and ride the profit with the other [...]
Bursa KLOFFE - Up thrust!!Short the market
Up thrust is a sign of weakness. Short the market!!! Immediately! (same thing happen during 1st of August. Since then the market has been falling).
Stock Review: Summarry
GAMUDA - Did You Respect Your STOP LOSS??
Did you follow the recommendation in previous post to exit the trade. If you have not and believe that it will rebound some times later, then you have succumbed to the human emotion. This is exact situation which most people will be trapped and become the SHEEP [...]
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- Bursa CPO - Possible Reflection Point
- Bursa CPO - This is the reflection point
- Bursa CPO - it is just too weak…
- Bursa CPO - lossing strength..
- Bursa KLOFFE - Still looking at short
- Bursa KLOFFE - Down Trend if break 1800
- Will be back…
- Bursa CPO - STOP LOSS still intact..
- Bursa CPO - Trail STOP LOSS to 1837
- bursa CPO - Stopped out! Turn SHORT!
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David Kong