Milo's TA discussion and sharing thread

[chainer9999]

Midas burst hor u regret!

 

[remy3413]

Midas gaping up tomorrow

 

[Sinkie]

Midas gaping up tomorrow

Tonight dji crashed also like that and 388m rmb not alot too. Let's see whether got suckers to push it through or nog

 

[Milo-Dino]

Midas burst hor u regret!

gx gx... hope it's not sell on news for you

 

[remy3413]

Tonight dji crashed also like that and 388m rmb not alot too. Let's see whether got suckers to push it through or nog

JPMorgan reported better than expected earnings for Q4 but futures trade lower.

Today probably can down 100 points if the negative sentiment stacks up

Boeing is badly battered because JAL and ANA grounded the 787 flights

I bought 10 lots @ 90+ cents before the deadly crash, after it went down to 30+ cents I have written it off

Now still holding, see how much can residual value can it recover haha

 

[GenesisX]

Both JPM & GS reported outstanding results, but dow fut like did not even flinch...

 

[joeysak]

wah nice thread, been reading your posts at edmw avidly. Just want to ask, are you still holding on to Wheelock? Curious cause of the recent cooling measures. Thanks bro.

 

[chainer9999]

gx gx... hope it's not sell on news for you

no murtabak for u

 

[Milo-Dino]

wah nice thread, been reading your posts at edmw avidly. Just want to ask, are you still holding on to Wheelock? Curious cause of the recent cooling measures. Thanks bro.

oh wheelock ah....

I offloaded a couple of days before that push up....
earn peanuts since i threw at 1.995

 

[Milo-Dino]

Midas burst liao..

gap up but see closing bah...

the closing will tell whether it's selling on news

 

[compro_1975]

KE got market depth la... but either :
1) you pay for it
2) use points to claim
3) high networth client lol

so urs is CMIB? free ar?

 

[Sinkie]

so urs is CMIB? free ar?

Not say free lah but I give it free. While stock last until we change the platform

 

[Milo-Dino]

so urs is CMIB? free ar?

i got both KE and CIMB accounts... as well as igmarket

 

[remy3413]

Sinkie, can do a chart for golden agri, I see very strong selling today, sell down by hundreds of thousand lots man

I'll consider to go long soon, if its attractive

 

[ccostagmont]

Sinkie, can do a chart for golden agri, I see very strong selling today, sell down by hundreds of thousand lots man

I'll consider to go long soon, if its attractive

J.P. Morgan downgraded palm oil firm Golden Agri-Resources Ltd to 'underweight' from 'neutral' and lowered its target price to S$0.50 from S$0.56, on expectations it will be hurt by a muted recovery in crude palm oil (CPO) prices.

By 0329 GMT, shares of Golden Agri were down 3.1 percent at S$0.62, and have fallen about 4.6 percent since the start of the year, compared to the Straits Times Index's 1 percent rise.

J.P. Morgan said it expects Golden Agri's fourth-quarter earnings to miss expectations, and forecast a 20 percent quarter-on-quarter decline in core net profit to $69 million as average CPO prices fell 23 percent in the period.

It also cut its 2013 and 2014 earnings per share estimates by 10 percent to factor in lower CPO prices.

Indonesian plantation companies, including Golden Agri, are expected to see meaningful labor cost increase following this year's rise in minimum wage, the brokerage said.

 

[remy3413]

J.P. Morgan downgraded palm oil firm Golden Agri-Resources Ltd to 'underweight' from 'neutral' and lowered its target price to S$0.50 from S$0.56, on expectations it will be hurt by a muted recovery in crude palm oil (CPO) prices.

By 0329 GMT, shares of Golden Agri were down 3.1 percent at S$0.62, and have fallen about 4.6 percent since the start of the year, compared to the Straits Times Index's 1 percent rise.

J.P. Morgan said it expects Golden Agri's fourth-quarter earnings to miss expectations, and forecast a 20 percent quarter-on-quarter decline in core net profit to $69 million as average CPO prices fell 23 percent in the period.

It also cut its 2013 and 2014 earnings per share estimates by 10 percent to factor in lower CPO prices.

Indonesian plantation companies, including Golden Agri, are expected to see meaningful labor cost increase following this year's rise in minimum wage, the brokerage said.

Thanks, if BB dumping I'm going in soon.

 

[Sinkie]

Sinkie, can do a chart for golden agri, I see very strong selling today, sell down by hundreds of thousand lots man

I'll consider to go long soon, if its attractive

Daily

Weekly

 

[staedtler_07]

Sinkie, mind to post chart on Gallant?

 

[Sinkie]

Sinkie, mind to post chart on Gallant?

Eh, will draw all charts request this Sunday can? Paiseh ah

 

[Sinkie]

Allow me to leave the basic of sinkie's style of trading before I go jiak wind Liao.

For any trade or charts, you can long a bearish chart, you can short a bullish chart and still make money. What matter most is your entry and your exit and so I won't be specifying my exit or entry in all charts i draw next time and its will be all your decision.

Imo, stock prices dont change because of ta indicators. A stock must have a story and a catalyst. Without these 2 factors, there will be no demand and supply and so price wont change. For example JPMorgan downgraded golden agri and that's why it's bearish today etc

TA will only tell us the stock sentiment and its momentum. An overbought stock will become more overbought likewise for an oversold stock so TA will tell is when is enough, when is there's still alot of meat.

When one hold a stock for the mid term, be sure of the trend and the story and its catalyst that contributed to the trend. The catalyst could be short term, could also be long term so identify the catalyst first before you do any mid term investing.

I developed my own exit/entry strategy called the "cause and effect theory" but I won't be going into much details and nor won't I divulge too much but No $688 no gimmick and just sharing is caring the basic and foundation and hope every newbie will move on from here and develop their own entry/exit style and then make money together

Good luck and let's make this charting thread a successful one.