Latest Forum Topics /
ST Engineering
Last:10.57
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ST Engg
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yuzuisland
Elite |
29-Jan-2018 20:32
Yells: "red day buy green day sell" |
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Long term wise, ST Eng has turned to an uptrend. Finally can prepare to enter soon!
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wavehunter
Supreme |
29-Jan-2018 15:13
Yells: "Trade what you see, not what you hope to see." |
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After failing to break above her 200-ema at 3.44 which is a resistance, she is on her way down to retest her support at 3.33 which is her 50-ema. Now 3.38 : 3.39. Earlier was 3.37 : 3.38. Wait for 3.33 to be tested.  |
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canalrat
Member |
29-Jan-2018 15:10
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Quite a large amt being thrown out.. | ||||
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wavehunter
Supreme |
26-Jan-2018 20:44
Yells: "Trade what you see, not what you hope to see." |
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![]() My Observations: 1. There is resistance at her 200-ema which is at $3.44. Support is at $3.33, her 50-ema. 2.  That recent move to break the 200-ema saw increasing volume when the price was lowest and at the starting point of the move.  But once the  price reached the 200-ema, volume started to fall day after day.  What this means is that at the start of a move, there  is potential upside, ie. there is money to be made. Hence people are most willing to participate in the upmove and get into the game early. This is where the Greater Fool Theory kicks in, ie. you buy a stock believing that right after you have bought, others behind you will also buy your stock and push the price higher for you to exit with a profit. So people were rushing in to buy and their buying pushed the price higher and higher. However, once the price reached the 200-ema which is a known resistance,  savvy traders stopped chasing the price becoz they knew that at that level, there would be very little people left to come in to buy after them. And true enough, without that much needed follow thru buying to bring about a breakout, it failed and the price started to dip. The declining volume confirms that when the price was at the 200-ema, there was lesser and lesser participation from traders. So what next? Can this stock suddenly perk up from her current price and blast off from here above the 200-ema and do a Buzz Lightyear -- To Infinity And Beyond? Yes. If a monkey is willing. A monkey can start a new game of musical chairs at any level and at any phase of the market. If you should tell a monkey a stock can rise only when certain conditons are present or at certain times of the year but not otherwise, if the monkey wants to, he will reply.... " Says who ? " and he starts buying aggressively and the stock will blast off. So monkeys rule the markets. They dont need any reason or conditions to be present to BUY or SHORT a stock. If they want to, they will do it. Any time. And the stock will bow to their will. But if no monkey shows up and the stock is left to retail players to Too Lai Too Khee, then most likely, the stock will take a dip first.  When only retail players are doing the buying, the price has to be at the lower end of the current trading range before we can see some buying. It is only when the price is at the lower end of the trading range that the Greater Fool Theory has the strongest force. Once the price rises to nearer a known resistance level, which in this case is the 200-ema, then the Greater Fool Theory tells traders ..." dont be that greater fool" and people will stop chasing the price.  And this cycle will repeat itself. Until a monkey shows up to alter the landscape and the ground rules. |
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MichaelSchenker
Master |
26-Jan-2018 19:07
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Frankly, I&rsquo m not too sure. Normally if I felt that it has ran up too high, I will let go some, not all. And of course if it ease off, it&rsquo s time to add more. Usually works, the point is not to buy or sell all your holdings at one go.
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gopguppy
Veteran |
26-Jan-2018 19:03
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For those friends who have been playing this counter for a long time...what is your sense? Do you think the price will go down to $3.35-$3.40 during this period of the year? Or it will most likely move upwards from $3.41to $3.80 near XD?
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TenPips
Veteran |
26-Jan-2018 17:17
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Just closed another batch at 342. Suddenly a lot of cash. :P | ||||
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gopguppy
Veteran |
24-Jan-2018 17:21
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Is there a chance to buy back at $3.36 or even at $3.3X anymore? Looking at the aggressive buying, I doubt it. I am still waiting to enter. What does past trend tell us?  
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yuzuisland
Elite |
24-Jan-2018 11:10
Yells: "red day buy green day sell" |
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Finally ST Eng looks like it' s reversing to an uptrend, showing a higher low (3.30 compared to 3.17). Can consider buying on pullback at about 3.36-ish?
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TenPips
Veteran |
23-Jan-2018 10:44
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Thank you.  Well done too.  This can continue to go up - hope it' ll go to 3.70 sooner than later.
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SuperLuckyCorn
Supreme |
23-Jan-2018 10:41
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Well done. We also closed some position at 3.4x. And keep some. Huat for All. \(^_^)/\(^_^)/\(^_^)/\(^_^)/\(^_^)/
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TenPips
Veteran |
23-Jan-2018 10:37
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Ok. Closed this position 3.42. Thank you.  Still keeping some positions. Huat all!
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canalrat
Member |
23-Jan-2018 10:15
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hit 3.42! huat ah
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SuperLuckyCorn
Supreme |
23-Jan-2018 09:53
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Good. Huat Huat together. Cheers!!!! \(^_^)/\(^_^)/
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Just4win
Supreme |
23-Jan-2018 09:26
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Hope it will go beyond 3.4 !  
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canalrat
Member |
23-Jan-2018 09:10
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boom boom continues .. 3.39 now | ||||
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SuperLuckyCorn
Supreme |
22-Jan-2018 10:15
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One week boom boom effect coming... | ||||
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SuperLuckyCorn
Supreme |
19-Jan-2018 10:51
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Ha...no sure leh. Just by old pattern, next week it should fly a bit. " A week delay effect" During this week cannot has any not so good news, otherwise the a week delay effect will be nullified.
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Just4win
Supreme |
19-Jan-2018 10:39
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Lol.. so this counter can fly now ?
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SuperLuckyCorn
Supreme |
19-Jan-2018 10:35
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Good. May we huat together & not stuck in mud. ![]() ![]()
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