Milo's TA discussion and sharing thread

[Milo-Dino]

Hi
Support 1.3?
Will it drop further after XD?

thanks

boustead is really thinly traded... so anything can happen really....

 

[remy3413]

 

[remy3413]

sti bounced off 100ma twice (thursday and friday) and currently closed at 20weekly ma.

if close below 3305.. more lausai to come... considering dow closed -208.. i think more blood is spilling...

next target @ 3250?

 

[Sinkie]

next target @ 3250?

mai scare mai scare

Should be around there, once hit that level, then must start to monitor again for entry le

 

[remy3413]

hope can bounce, might jeep 1 or 2 lots if can bounce on close

 

[Milo-Dino]

hope can bounce, might jeep 1 or 2 lots if can bounce on close

good luck!!!

good trend line but i'm personally bearish...

note: O&G counters like sembmarine kepcorp etc haven't been showing any form of strength for quite some time

 

[remy3413]

good luck!!!

good trend line but i'm personally bearish...

note: O&G counters like sembmarine kepcorp etc haven't been showing any form of strength for quite some time

maybe got rotation, i don't know

O&G money flow out because people chase telcos and reits, now money flow out from REITs, either people keep for doomsday or if economy improves, money flow back to cyclics

my uneducated guess HAHA


HUAT FOR TEA LAND AH, NO 70 NO SELL

 

[Nakedtoes]

O n G swiber is going to fly

 

[Milo-Dino]

O n G swiber is going to fly

which direction??

 

[czycius]

Can elaborate, don't know much about charting.
Thks.

 

[Sinkie]

Can elaborate, don't know much about charting.
Thks.

The top line is resistance, the bottom line is called support line.

When both resistance and support are parallel, it means remy is assuming that it should move within the channel and so is expected to go back up and touch the resistance (upper line) lor due to his assumption of a low volume accumulation in his opinion

 

[remy3413]

Can elaborate, don't know much about charting.
Thks.

It may go down and touch the lower trendline or if the price can maintain at this level and low volume accumulation then it might push upwards to touch the upper trend line profit target lo

I'm just assuming the pattern might repeat itself, but I'm quite bullish on this since the counter hardly dropped much during the bloodbath STI experience over the past 2 weeks

Support at 65cts is at the 100MA also

See how it develops over the next few days or weeks

 

[cloudfire]

Can help to TA AIMS and Suntec. AIMS daily fluctuation is very high now... TIA.

 

[Nakedtoes]

which direction??

So u know which direction now?

 

[Milo-Dino]

So u know which direction now?

gxgx

flying because they are considering islam notes

go up mountain still best lol

 

[Sinkie]

no 3.30 no buy

actually if there is no white candle, i wont be bother with resistence, but rather concerned of the support ba

3.70 is a bounce, so more or less seeing a head*shoulder happen?

 

[dwexdwex]

Is it more reliable to use the day's low or closing when drawing the support line?

 

[Sinkie]

Is it more reliable to use the day's low or closing when drawing the support line?

day low + 1 bid

there is no strict guidelines to follow, but as long it meets most of the bounce, u can draw that as support

 

[dwexdwex]

Thx. Also, how long apart in terms of duration?

Example, maybe at least 6 months apart? (pt.1 June , pt.2 Dec..)

 

[Sinkie]

Thx. Also, how long apart in terms of duration?

Example, maybe at least 6 months apart? (pt.1 June , pt.2 Dec..)

no fixed duration, no strict guidelines. as long u can form a support or resistence with 2 or 3 more contacts point jiu ke yi le