Post Reply
2861-2880 of 2940
Good morning all,
Fortunately yesterday S-ibeh T-erok I-ndex (STI-left chart) recovered after revisiting last Friday low.
We have fallen behind S+P(right chart) not that we are not familiar with but this time quite pronounced.
Thanks to a return to phase 2 due to a faster spreading variants. Lets pray upcoming report do not cause
further alarm and will not affect an already weak market sentiments.
There is a possibility we may have already bottomed the orders of ups and downs in the days ahead will
be interesting as we form another base for the uptrend to resume(assuming still is as of this writing).
After two days of strong recovery from the U.S. it has pullback a little(my chart on the right has yet to update yst range).
Correction that we have seen and pullback are healthy for a uptrending market as valuation becomes
more attractive.
STI have much catch up to do, obstacle will be higher number of reported case if indeed it happen.
All the br-east
Fortunately yesterday S-ibeh T-erok I-ndex (STI-left chart) recovered after revisiting last Friday low.
We have fallen behind S+P(right chart) not that we are not familiar with but this time quite pronounced.
Thanks to a return to phase 2 due to a faster spreading variants. Lets pray upcoming report do not cause
further alarm and will not affect an already weak market sentiments.
There is a possibility we may have already bottomed the orders of ups and downs in the days ahead will
be interesting as we form another base for the uptrend to resume(assuming still is as of this writing).
After two days of strong recovery from the U.S. it has pullback a little(my chart on the right has yet to update yst range).
Correction that we have seen and pullback are healthy for a uptrending market as valuation becomes
more attractive.
STI have much catch up to do, obstacle will be higher number of reported case if indeed it happen.
All the br-east
Bro Koala,
Yesterday night rested earlier than usual.
Missed out one more point...
In below chart you can see SGX did not go down in the last few sessions when STI fell more than 100 points.
The stock itself has already corrected much.
Have a nice day!
Yesterday night rested earlier than usual.
Missed out one more point...
In below chart you can see SGX did not go down in the last few sessions when STI fell more than 100 points.
The stock itself has already corrected much.
Have a nice day!
Sg_KoalaDreaming ( Date: 17-May-2021 22:00) Posted:
|
Congrats Bro TT on your moving to a bigger office
Now have to run to two places, so will be busy for me.
Do continue to drop by Bro wave' s place to chit chat with us too.
Now have to run to two places, so will be busy for me.
Do continue to drop by Bro wave' s place to chit chat with us too.
Bros & Sis and fans of Riverstone....
Lets try this higher high and higher low concept to idenfity a uptrending stock together..........
Will I buy Riverstone now?
Answer :
1) For short term trading, maybe yes incase it break up.
2) For position trades, buy & hold, no becuse it hasnt break up.
1) Short term trading - maybe yes but not me.
Friday closed 1.42, say Monday buy at 1.43, resistance recent high at 1.47 and nearest high of 1.52.
If can break both good and will form a higher somewhere at point A.
If cannot break above resistance then your upside is between 1.47 to 1.52.
2) Buy & hold -No yet.
I will wait for it to break above 1.52 to somewhere label A on the chart and then wait for a correction back down
to somewhere at point B, to form a higher low around 1.30 then buy with a appropriate stop to be determine then.
Scenerio 1 - Short term, maybe you make 8 cts or less if didnt break up.
But also can make more if there is a strong run up after breaking resistance.
Scenerio 2 - Buy hold, let assume it break up to form a higher higher at guessing only say 1.58 for example then correction
back down to say 1.32-138. This time if I buy say at 1.32 to 138 I will be expecting it to go above 1.58 because its already met the uptrending
stock requirement base of higher high and higher low theory. Therefore I.buy with a objective of making more than 20 to 26cts or more.
The different between those 2 scenerios is that short term maybe make 8cts and or more but dunno how much more right.
Whereas for buy hold you buy with an objective of 20-25cts or more.
To each its own, no right no wrong but for me I am incline to wait for scenerio 2 partly the RSI is also weak as in sloping
downward while prices rose(see shaded area).
Lets try this higher high and higher low concept to idenfity a uptrending stock together..........
Will I buy Riverstone now?
Answer :
1) For short term trading, maybe yes incase it break up.
2) For position trades, buy & hold, no becuse it hasnt break up.
1) Short term trading - maybe yes but not me.
Friday closed 1.42, say Monday buy at 1.43, resistance recent high at 1.47 and nearest high of 1.52.
If can break both good and will form a higher somewhere at point A.
If cannot break above resistance then your upside is between 1.47 to 1.52.
2) Buy & hold -No yet.
I will wait for it to break above 1.52 to somewhere label A on the chart and then wait for a correction back down
to somewhere at point B, to form a higher low around 1.30 then buy with a appropriate stop to be determine then.
Scenerio 1 - Short term, maybe you make 8 cts or less if didnt break up.
But also can make more if there is a strong run up after breaking resistance.
Scenerio 2 - Buy hold, let assume it break up to form a higher higher at guessing only say 1.58 for example then correction
back down to say 1.32-138. This time if I buy say at 1.32 to 138 I will be expecting it to go above 1.58 because its already met the uptrending
stock requirement base of higher high and higher low theory. Therefore I.buy with a objective of making more than 20 to 26cts or more.
The different between those 2 scenerios is that short term maybe make 8cts and or more but dunno how much more right.
Whereas for buy hold you buy with an objective of 20-25cts or more.
To each its own, no right no wrong but for me I am incline to wait for scenerio 2 partly the RSI is also weak as in sloping
downward while prices rose(see shaded area).