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Golden Agri-Res
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Is Oxley a good buy at current price?
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SgYuan
Supreme |
19-Jun-2017 09:15
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x 0
x 0 Alert Admin |
1. Resistance 38, support 35.5
2. Time of turning week fr down to sideline and trend up, 1 to 2 week
3. Strength. Fail to break 38, testing new support
4.trend of stock. Pick when new support form, 34 to 36
Is this correct?
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earlybird2017
Veteran |
17-Jun-2017 08:25
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x 0
x 0 Alert Admin |
Welcome.
To simplify chart reading, basically can be summaried as below 1) support and resistance, basically are moving average line and Bollinger band(Low, mid upper) 2) time, time for breaking or holding the support and resistance, how eager market want to break or hold. The longer it hold at the level the higher chance it will support or resist. Break mean the support or resistance is weak. 3) strength, the bouncing or resisting strength of touching the support And resistance. Most of the time, Price touch support or resistance will bounce, strong bouncing mean strong support and strong resist. Touch and not bounce mean weak 4) trend, what trend line, you are holding on hand for a trend, 30 mins? 1hr? 2hr? 4hr? Day? Week? Or month?. If your stock holding all of them at the same time, you stock will shoot in a uptrend or crash in a downtrend. So chart help you to read and analyse above. Why month chart sideline And week chart at downtrend but above history Low level is critical (below midbollinger) because once history Low is supported and manage to turn week chart from downtrend to sideline and uptrend, at that moment, it does, is the moment you are holding a stronger uptrend with all the trend line with you. This trend will be supported from month till 30mins, any profit taking from overbought will be touching any support level from 30mins to month and support accumulate buy back and push up further till month chart sideline again at TOP level which at least minimum take 1-2 years. Holding such uptrend stock earning money for sure, holding such downtrend bleeding till 你 老 爸 都 认 不 得 你 。
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SgYuan
Supreme |
16-Jun-2017 23:21
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x 0
x 0 Alert Admin |
Ok. Noted. Thks. Will study the usd/yen, usd/euro chart.
Thks
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earlybird2017
Veteran |
16-Jun-2017 22:44
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x 0
x 0 Alert Admin |
For 4hr chart, I just try to explain to you, last uptrend formed from 35.5-36 as support and Attack 38 are blocked and rejected on week midbollinger, after rejection, don't simply conclude 4hr mid and Low bollinger are support, in fact both are weak support.
The real strong support are 35.5-36 and 34. As simple as that.
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earlybird2017
Veteran |
16-Jun-2017 22:37
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x 0
x 0 Alert Admin |
Ok. Since you are with IG.
Can you on week chart and month chart for usd/yen and look at the 2012-2013 how a month and week chart form together from sideline and uptrend, at the same time also on macd bollinger band to assist you on it. In fact, euro/usd also just form same chart last few month. All these are typical Long term uptrend chart forming. Although they are not perfectly same(since no chart are exactly the same) but you can see the basic pattern on them. So we know that so Long as 34 for golden and 45 for Indo food don't break in next 1-3 weeks but break the week midbollonger, we will have a strong Long term uptrend
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SgYuan
Supreme |
16-Jun-2017 22:17
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x 0
x 0 Alert Admin |
I analysis the day chart again.
It hit the low Bollinger @35.5 and turn uptrend.
Attack the week chart mid Bollinger.
Touch and retrace to day chart mid Bollinger.
At this time, the day chart mid Bollinger is flat.
To break the 35.5-36 support long quite difficult.
It should be attacking the week chart mid Bollinger again.
Is this correct?
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SgYuan
Supreme |
16-Jun-2017 21:52
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x 0
x 0 Alert Admin |
By next 1 week, the week mid Bollinger should hit 37.
It should test the 35.5-36 support, day chart low Bollinger.
If this break, then the next support will be 34-35.5, week chart low Bollinger.
Will have to watch this movement to enter.
Is this correct?
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SgYuan
Supreme |
16-Jun-2017 21:30
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x 0
x 0 Alert Admin |
I am using IG trading. 29 May start trending down Fr 38.
Is this correct?
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earlybird2017
Veteran |
16-Jun-2017 20:29
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x 0
x 0 Alert Admin |
you should look 4hr chart which happen 1-2 weeks ago how a support formed with 4hr chart.
If your chart can't show 1-2 weeks ago, please go to subscribe ig account. Ig chart history for 4hrs can trace back till 1 year ago.
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SgYuan
Supreme |
16-Jun-2017 20:01
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x 0
x 0 Alert Admin |
Understand.
Can u explain last support at 35.5-36 in fact took about a week.
I chk the 4hr chart, it is moving down from 38 to 35.5. It took 5pip to reach.
Am I reading it wrongly?
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earlybird2017
Veteran |
16-Jun-2017 16:33
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x 0
x 0 Alert Admin |
As said, to look at golden and indofood chart you have to understand the focus are month and week chart. Because both are critical for long term trend reversal.
For noble you can forget week and month because a huge drop from 2.7 to 0.32 has made the long term chart become meaningless. So you zone in within day, 4hr till 30mins. For golden and indofood main play are week chart now. Month are sideline is for sure, so week chart swing from sideline to uptrend from bottom price are extremely critical which mean breaking week mid bollinger line, swinging to long term uptrend. So as you can see week chart for indofood and golden both are below midbollinger, based on the low bollinger line and MACD indicators, both show both are not ready for a trend change yet. A trend change is low and mid bollinger form horizontal and a breakthrough on mid bollinger will cause a breakout and spoke on price. So both are not ready. You switch to day chart, you can see golden touch 38 and come down, to 36.5-37, 38 is mid bollinger week chart, so it mean the resistance reject golden for a breakout. Then you switch to 4hr, you see the price are coming down from upper to mid and may to low bollinger, it tell you that due to fail in breaking, price are coming down, under such situations you should simply conclude a support is found from 4hr, since the rejection from 38, is potentially be pushed down further by those bought above 37 in next few days. For me to consider support I will switch to day chart and treat 35.5-36 as strong support or swtch to week chart 34 as a support which both are low bollinger line. As said final decision is from market. Since the attack from 35.5-36 is failed, you should stay back for 1-2 weeks for next support to formed like last support at 35.5-36 in fact took about a week. Anyway, this is as a trader angle to look on short term trading. As long term value investors, so long as price fall within 34-36 are a big buy for long term.
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SgYuan
Supreme |
16-Jun-2017 15:58
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x 0
x 0 Alert Admin |
I check the previous low 35.5.
The next low 34.
It look like the low is getting higher.
The 1day chart mid is almost horizontal.
That is why I think the 4hr chart low is the turning point.
Please advise me
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Tommy12356
Master |
16-Jun-2017 13:39
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x 0
x 0 Alert Admin |
U think all the indonesian stock will follow like indo food and golden agri ?
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beginners
Veteran |
16-Jun-2017 12:30
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x 0
x 0 Alert Admin |
Thks bro 👍 🏻
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earlybird2017
Veteran |
16-Jun-2017 12:29
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x 0
x 0 Alert Admin |
Once the chart is done, it will.
Look at hph trust. It go against STI and even it own fundamental (FA), bounce up from accumulation mode. Since 38 is failed to break this week, I believe it won't break so soon. See which low level will it test. So long as still stay above 34 which is last Low, is a buy.
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beginners
Veteran |
16-Jun-2017 12:06
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x 0
x 0 Alert Admin |
Will it go against STI?
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earlybird2017
Veteran |
16-Jun-2017 11:57
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x 0
x 0 Alert Admin |
STI is prepared for a down for 100-150 in next 2 weeks if current level cannot hold for next 4hrs.
It is a best time to test golden Agri and indofood support level for next 1-2 weeks. If 33-34 hold for next 1-2 weeks, big buy on golden Agri and indofood for STI recovery. In fact you look chart wrongly, you should refer to week chart and day chart and 4hr, then you will see 38 is blocked by week chart resistance. This kind of chart is long term accumulation mode. If you refer to HPH trust you will see such chart happen for about 1-2 months before this breaking to 45. So golden is in the accumulation mode, not yet shoot. Be patient for about 1-2 weeks more.
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SgYuan
Supreme |
16-Jun-2017 11:39
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x 0
x 0 Alert Admin |
Touching 4h chart low Bollinger. Time to trend up | ||||
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earlybird2017
Veteran |
10-Jun-2017 17:55
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x 0
x 0 Alert Admin |
Be confidence and stay with them.
Don't because all bluechips up and you lose your patience. So long as you know what you are doing know the potential of the stock. They will rewards you few times once it is matured. So cpo counters are a strong buy to me. Among them, golden 40 below and indofood 50 below are very good bargain price and you have no worry they will be end up like noble or Ezra since they are all profitable and cash flow healthy especially indofood. |
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earlybird2017
Veteran |
10-Jun-2017 17:51
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x 0
x 0 Alert Admin |
https://m.investing.com/commodities/us-soybean-oil
Soy oil bounce up from bottom price from Low 30. All edible oil price chart all shown as golden and indofood Agri, a month chart sideline at low for close to year. This is absolutely a bottom up chart for this industry across all edible oil which were peak in 2011. After a 2 years at peak 3 year at falling and 1.5 years at bottom and price are slowly trending in upwards slowly. The booms will happen within less than 1 year and last 2-3 years. The will only be edible oil cyclic once in 7 years. I am very serious and sure, it can bring golden back to 80 or higher and indofood back to 1.2 or higher in a rational manner. If market go into a crazy speculation, you can expect a speculated price due to over demand especially we may have crude oil shortage after this round oil glut 2 years later which supply is badly disrupted and for sure will bring shortage problem in the future. When oil price at high biological oil will be used and in fact, the technology to convert cpo to diesel is very mature now. So this will be a 100-300% return potentially within 2-3 years and speculate can till 500-800%. We don't have oil company in Singapore, offshore service provider like Ezion surely can not pass through this round crisis and will be gone within 1-2 years. To bet on oil price rally, you can only aim cpo oil counter in sgx. Now is the time to buy with your saving in this safe bottom level. |
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