Milo's TA discussion and sharing thread

[Milo-Dino]

okay just randomly taking one of another stock to see see look look (and practice of course)

so pacific andes,

i drew two descending triangles from the plots, not including the "breakout(?)" that happened in between the triangles.

but on the overall the trend is still on the upside? so it confuses me because i am not sure which of the interpretation is correct. the upside or both downside triangular shapes.

so if i could be bold enough to anticipate the next movements based on the dec-feb periods, it should be (?)

drew the next movement after the chart.

would this anticipation be appropriate to consider?

*still shuffling between investopedia and google sources to learn

wait for high volume breakout then buy in....

the flag looks good

 

[Milo-Dino]

good anticipation, but remember its still an anticipation afterall, trends can continue or reverse, it really depends on the mood of the market

STX... what's the plan?

haha still looking for 1.35-1.40 right??

let me know if you exit

 

[Bishio]

Stx flying!

 

[Campbellsoup]

was looking at NOL, and I've been reading about cup and handle formation (right side handle) before a possible breakout.

are there such stuff as left side handles?

something like that..

 

[Sinkie]

was looking at NOL, and I've been reading about cup and handle formation (right side handle) before a possible breakout.

are there such stuff as left side handles?

something like that..

eh i never seen a left handle cup before leh

 

[Campbellsoup]

eh i never seen a left handle cup before leh

okay..

no such stuff

 

[Sinkie]

okay..

no such stuff

but theres inverted cup and handle

 

[Campbellsoup]

but theres inverted cup and handle

roger that.

 

[Milo-Dino]

was looking at NOL, and I've been reading about cup and handle formation (right side handle) before a possible breakout.

are there such stuff as left side handles?

something like that..

no such thing as left side handles......

you need to understand the psychological side of chart patterns that caused the shapes to appear... (like h/s and cup and handle)

 

[remy3413]

STX... what's the plan?

haha still looking for 1.35-1.40 right??

let me know if you exit

momentum looks good, see whether can clear 1.40 anot

hope result next week good

we no need to sell to early since our margin now quite huge

sure i'll let you know if i exit

 

[remy3413]

ezra.... has hit possible tikam price...

support at 1.14-1.15... nearby resistance at 1.175-1.185.. after that is 1.24

now accumulation period?

MACD looks like a buy signal soon

Resistance : 1.24
Possible Entry Price : 1.15 - 1.16
Support : 1.09

Reward : 8 cents
Risk : 7 cents

 

[Milo-Dino]

momentum looks good, see whether can clear 1.40 anot

hope result next week good

we no need to sell to early since our margin now quite huge

sure i'll let you know if i exit

see how la.. i might exit to take profit for 1 round...
there's a gap to fill... n the gap can act as resistance... so i might take profit before 1.40

 

[remy3413]

see how la.. i might exit to take profit for 1 round...
there's a gap to fill... n the gap can act as resistance... so i might take profit before 1.40

You can take profit when the price hits 1.37, middle of 1.34 and 1.40

Anyway you are on margin, so maybe wise to take profit. I bought using cash so ill see how it goes before deciding what to do next

Good luck!

 

[Milo-Dino]

now accumulation period?

MACD looks like a buy signal soon

Resistance : 1.24
Possible Entry Price : 1.15 - 1.16
Support : 1.09

Reward : 8 cents
Risk : 7 cents

wah you know how to use those "pivot points" TA stuff?

Can teach? I always wondered how people draw those.... whether it's similiar to Fibo

 

[remy3413]

wah you know how to use those "pivot points" TA stuff?

Can teach? I always wondered how people draw those.... whether it's similiar to Fibo

the software will calculate the supports and resistance from the pivot lo, no need to teach what haha

fibo is just a percentage from 0 to 100 with various percentage of resistance or support, i also don't know how they calculate lol

 

[Milo-Dino]

the software will calculate the supports and resistance from the pivot lo, no need to teach what haha

fibo is just a percentage from 0 to 100 with various percentage of resistance or support, i also don't know how they calculate lol

as in how to draw the first line...

just like fibo is from the top to bottom etc

 

[Dividends Warrior]

Starhub's chart looks awesome!

 

[remy3413]

as in how to draw the first line...

just like fibo is from the top to bottom etc

You mean the pivot point? The software wouldn't ask you to draw, you click on the pivot points parameter then it appears already.

There's a formula to calculate the pivot then the 3 supports and 3 resistances

 

[Milo-Dino]

You mean the pivot point? The software wouldn't ask you to draw, you click on the pivot points parameter then it appears already.

There's a formula to calculate the pivot then the 3 supports and 3 resistances

Oh hmm.
I think chartnexus need to ownself draw.

Stx 1.315 selling is absorbed.... but it seems to be breaking

 

[remy3413]

Oh hmm.
I think chartnexus need to ownself draw.

Stx 1.315 selling is absorbed.... but it seems to be breaking

Chart nexus also provide the pivot point parameters.

STX ran up quite a bit past few days, must rest for awhile. Ezra seems ready to burst anytime soon