Trading Techniques   

Trading For A Living

tks so much master!  if Keppel follows Semb pattern... upside HUAT! 

TikTalk      ( Date: 22-May-2021 11:54) Posted: Thanks spidey for visiting this thread. Yes, we all made decision which stock to buy and sometime chose the right one sometime not so right and it mostly due to market timing the stock. Here is a chart comparison between Sembcorp Ind and Keppel Corp, left and right chart respectively. Keppel suffered when Temasek abandoned its offer but the last result announcement it rallied, I bought and sold them. Sembcorp broke to the upside and rallied eversince it disowned her child(SembMarine) a lost making baby. I bought pre demerger and still holding.. Do not rule out Keppel, as it has already bottomed just like in 2016 and now 4 1/2 year later in Oct 2020. Its time will come  when it can break above the downtrend line (see green arrow). All the br-east spidey      ( Date: 22-May-2021 11:20) Posted: thanks for showing us your portfolio ! you are the br-east! i was deciding between kepcorp and SembInd for my virgin trade since the big losses in Mar last year... decided to go for latter...  wish us luck! :

 

Thanks spidey for visiting this thread.

Yes, we all made decision which stock to buy and sometime chose the right one sometime not so right
and it mostly due to market timing the stock.

Here is a chart comparison between Sembcorp Ind and Keppel Corp, left and right chart respectively.

Keppel suffered when Temasek abandoned its offer but the last result announcement it rallied, I bought and sold them.
Sembcorp broke to the upside and rallied eversince it disowned her child(SembMarine) a lost making baby.
I bought pre demerger and still holding..

Do not rule out Keppel, as it has already bottomed just like in 2016 and now 4 1/2 year later in Oct 2020.
Its time will come  when it can break above the downtrend line (see green arrow).

All the br-east

spidey      ( Date: 22-May-2021 11:20) Posted: thanks for showing us your portfolio ! you are the br-east! i was deciding between kepcorp and SembInd for my virgin trade since the big losses in Mar last year... decided to go for latter...  wish us luck! :) TikTalk      ( Date: 21-May-2021 07:42) Posted: Good morning Share Junction, Last night all 3 major indices regain momentum. Buy on dips for your favorites stock still works. I avoid penny stock. To invest always look for reputable company with at leasts 10 years of track records. Blue chips is always safer way to go. Good luck. *Below are some of my holdings. Comfort and Singtel are laggards much affected by Covid, the others to a lesser extend. All the br-east.

 

wow u caught the bottom... really guru leh

TikTalk      ( Date: 14-May-2021 15:19) Posted: Try try...

 

I like to correct my earlier post on Riverstone..

Just realised that not all the time Rsi divergence works. Therefore it work or not this time remain open.
If the pullback is small like last May/June period then it may not work and thereafter prices move higher
as other indicators that are showing positive signs namely DMI and Ichimoku Kinko Hyo(read from Sis Cucina post).

Luckily I relook at Riverstone chart.


 

TikTalk      ( Date: 20-May-2021 20:08) Posted: Today I am sharing a Bearish Divergence seen in Riverstone RSI A bearish divergence arises when a stock price made a higher high while its RSI is lower than than when at previous high. See " A" labelled with upward sloping line from high to high on the price chart and the " A" labbelled on the  RSI chart when it peaked in August 2020 its RSI was lower. See " B" labelled on the price chart and the RSI indicator, as a similar " bearish divergence" is developing. Therefore becarefull if one buy on breaking up above $1.52 even though technically a new high is made. Personally I will be waiting for new high if happen and then wait for pullback after a higher low is form to  consider going long this stock. " " " If I am long I will be selling the strength here or higher." " " I know other indicator may be positive but take note also today lower closed with high volume. All the br-east

 

thanks for showing us your portfolio ! you are the br-east!
i was deciding between kepcorp and SembInd for my virgin trade since the big losses in Mar last year...

decided to go for latter...  wish us luck! :)

TikTalk      ( Date: 21-May-2021 07:42) Posted: Good morning Share Junction, Last night all 3 major indices regain momentum. Buy on dips for your favorites stock still works. I avoid penny stock. To invest always look for reputable company with at leasts 10 years of track records. Blue chips is always safer way to go. Good luck. *Below are some of my holdings. Comfort and Singtel are laggards much affected by Covid, the others to a lesser extend. All the br-east.

 

Saturday

Dow Jones Weekly Chart - Tailed Bars

There are many types of tailed bars, short or long tails typically found in hammer, hanging man and dojis.

Common explaination of such price behavior is that potential sellers came into the market pushing it lower but was absorbed my
potential buyers.

Now, you notice I use the word " potential buyers or potential sellers" , you see for every buyer there is a seller to complete a transaction
recorded as  " volume" traded. " Potential" means there are a lot more buyers queueing to buy than sellers queueing to sell which
is why sellers were force to retreat in our tailed bars interpretation, thus prices goes higher to closed near opening level.
Therefore if the candle sticks pattern is  opposite then there are more potential sellers than potential buyers and buyers will be force to retreat thus prices goes lower.

Hope you enjoy reading and wishes everyone a happy weekend, stay safe.

All the br-east

 

Indeed,   I am really hoping the Sibeh Terok Index recovers otherwise it will indirectly influence our FLCT share price performance since it is part of it,   although it is the 3 banks which hold majority of the Sibeh Terok Index overall weightage.

TikTalk      ( Date: 21-May-2021 19:42) Posted: STI - 20  & 50 MA 20ma must not cross under the into the 50ma  just like " A" , therefore STI must recover to above both the 20/50MA labbelled " B" . Recent low must hold too. Good luck.

 

Agree Bro.   Nevertheless, hope it rises up gradually.   Cheers to us !    

TikTalk      ( Date: 21-May-2021 13:36) Posted: Bro including divs collected its price is essentially still at 1.46/1.47 level tio bo... still holding better than most reits. yoga123      ( Date: 21-May-2021 11:33) Posted: Yeah Bro, patience is the key.  👍

 

Thanks boiboi and welcome to Trading For A Living...hope you will enjoy your stay here.

boiboi      ( Date: 21-May-2021 20:40) Posted: Well analysed Master Tiktalk TikTalk      ( Date: 21-May-2021 19:42) Posted: STI - 20  & 50 MA 20ma must not cross under the into the 50ma  just like " A" , therefore STI must recover to above both the 20/50MA labbelled " B" . Recent low must hold too. Good luck.

 

Well analysed Master Tiktalk

TikTalk      ( Date: 21-May-2021 19:42) Posted: STI - 20  & 50 MA 20ma must not cross under the into the 50ma  just like " A" , therefore STI must recover to above both the 20/50MA labbelled " B" . Recent low must hold too. Good luck.

 

🙏 🏻 Just lucky Bro.

wavehunter      ( Date: 21-May-2021 19:40) Posted: You goodah !!!    HUAT arrr !!!    TikTalk      ( Date: 21-May-2021 17:17) Posted: Today p/l for Dow futures trading.

 

STI - 20  & 50 MA

20ma must not cross under the into the 50ma  just like " A" , therefore STI must recover to above both
the 20/50MA labbelled " B" .
Recent low must hold too.

Good luck.

 

You goodah !!!   
HUAT arrr !!!   

TikTalk      ( Date: 21-May-2021 17:17) Posted: Today p/l for Dow futures trading.

 

Today p/l for Dow futures trading.

 

Bro including divs collected its price is essentially still at 1.46/1.47 level tio bo...
still holding better than most reits.

yoga123      ( Date: 21-May-2021 11:33) Posted: Yeah Bro, patience is the key.  👍 TikTalk      ( Date: 21-May-2021 11:11) Posted: Bro Yoga123, Thanks for dropping by yareits not in play at the moment, gotta wait dunno how long lor. Just hold for sometime then see how...

 

Friday is a good day to see how your weekly chart will looks like to plan whether you
wanna do anything to your stock or portfolio or leave it till next week.

So far those 3 shaded areas has prevented the S-ipeh T-erok I=ndex from sliding further south.
If the market wanted to go lower it would have did what the red arrow on the left as we hit the low
at abour similar area. Since did not go down means it wants to go up, fair?

The next question of course for buyers of recent correction will be how high can we go from here?
Look to the left of the chart we should expect a huge mountain to clear between 3235 to 3286.
I am not saying it may not clear but just saying to manage our expectation as it comes. The fact 
is that the market corrected from around the same levels.


All the br-east

 

Early I show an example of a bearish divergence using Riverstone.
Now I use Dow Jones as an example of a bullish divergence from RSI

Although Dow is not in oversold condition in this case I am using it to see
if a turn after a correction has developed, also just wanna share an example
of the concept  of divergences.

Example of RSI Divergences

A bullish  divergence  occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new  long position.

A bearish divergence occurs when the RSI creates an overbought reading followed by a lower high that matches corresponding higher highs on the price.

Above copy and paste from Investopedia..



 

 

Yeah Bro, patience is the key.  👍

TikTalk      ( Date: 21-May-2021 11:11) Posted: Bro Yoga123, Thanks for dropping by yareits not in play at the moment, gotta wait dunno how long lor. Just hold for sometime then see how...   yoga123      ( Date: 21-May-2021 10:01) Posted: Bro TikTalk, you are also in FLCT ?  What' s your view about it,  I bought it previously at 1.47 before it joined the Sibeh Terok Index. Wished I had the courage to average down at 1.37 but did not do so.  Sigh..  😆

 

Bro Yoga123,

Thanks for dropping by yareits not in play at the moment, gotta wait dunno how long lor.

Just hold for sometime then see how...
 

yoga123      ( Date: 21-May-2021 10:01) Posted: Bro TikTalk, you are also in FLCT ?  What' s your view about it,  I bought it previously at 1.47 before it joined the Sibeh Terok Index. Wished I had the courage to average down at 1.37 but did not do so.  Sigh..  😆 TikTalk      ( Date: 21-May-2021 07:42) Posted: Good morning Share Junction, Last night all 3 major indices regain momentum. Buy on dips for your favorites stock still works. I avoid penny stock. To invest always look for reputable company with at leasts 10 years of track records. Blue chips is always safer way to go. Good luck. *Below are some of my holdings. Comfort and Singtel are laggards much affected by Covid, the others to a lesser extend. All the br-east.

 

Bro TikTalk, you are also in FLCT ?  What' s your view about it,  I bought it previously at 1.47 before it joined the Sibeh Terok Index.
Wished I had the courage to average down at 1.37 but did not do so.  Sigh..  😆

TikTalk      ( Date: 21-May-2021 07:42) Posted: Good morning Share Junction, Last night all 3 major indices regain momentum. Buy on dips for your favorites stock still works. I avoid penny stock. To invest always look for reputable company with at leasts 10 years of track records. Blue chips is always safer way to go. Good luck. *Below are some of my holdings. Comfort and Singtel are laggards much affected by Covid, the others to a lesser extend. All the br-east.