Monday, 26 September 2011
Saturday, 10 September 2011
My watchlist 12-15 September
For myself accessment, I am noting down the entry price for a list of potential profit making stock. I do not recommend any stocks to buy...No I don't.. Buy at your own risk
AEM 0.235
ECS 1.29
ENGKAH (shall i wait it retrace to 2.94, then buy?)
GPACKET (shall i punt if it retrace to 0.72?)
GUH 1.22
GUNUNG (Close at 0.585 outside lower BB, will it technically rebounce to middle BB 0.64?)
HAPSENG 1.37
HEVEA 0.62
HUANN 0.26
INGRESS 0.865
JAKS 0.64
KFIMA 1.76
KUB 0.67
KURASIA 0.52
MAHSING (Close at 2.02, perhaps SM shake the stock price to frighten the retailer to dispose the stock on hand. This phenomenon potentially will continue for few days as SM want to make sure the supply in the market is dry out. By then, SM can easily make the share price fly high)
MAHSING-CB (I put it into my watch list)
MBSB 1.53
MITRA 0.53
MKLAND 0.32
MUDA 0.96
RUBEREX 0.69
SBCCORP 1.14
SDRED 0.71
SYSTECH (Punt again at 0.29?)
TEBRAU (Punt at 0.61?)
TGUAN 1.10
TIME 0.275
TIMECOM 0.62
TMS 0.09
TWSPLNT (Hit 3.52, will it another round of bullish?)
TWSPLNT-CA
WEIDA 1.05
XDL 0.32
YTLE 0.835
ENGKAH (shall i wait it retrace to 2.94, then buy?)
GPACKET (shall i punt if it retrace to 0.72?)
HAPSENG 1.37
HIBISCS 0.565 (Possible downtrend again)
INGRESS 0.865
KEURO 1.07 (Downtrend again)
KURASIA 0.52
LBS 0.835
LBS-WA MAHSING (Close at 2.02, perhaps SM shake the stock price to frighten the retailer to dispose the stock on hand. This phenomenon potentially will continue for few days as SM want to make sure the supply in the market is dry out. By then, SM can easily make the share price fly high)
MAHSING-CB (I put it into my watch list)
OSK 1.50
SBCCORP 1.14
SDRED 0.71
TEBRAU (Punt at 0.61?)
TGUAN 1.10
TIME 0.275
TIMECOM 0.62
TMS 0.09
TWSPLNT (Hit 3.52, will it another round of bullish?)
TWSPLNT-CA
WEIDA 1.05
XDL 0.32
YTLE 0.835
Wednesday, 7 September 2011
My watchlist 5 September
Armada
COASTAL
CSCENIC
BJCORP -RM1.07 (BB Squeeze, waiting for breakout)
CEPAT -RM1.42(Resting at 1.40 which is previous high, seem like strong resistance for it to break)
CIMBCOASTAL
CSCENIC
EFFICEN -RM0.195
EKSONSENGKAH
GPACKET -RM0.755 (Hit my entry price and close at 0.77)
GUANCHGGUH -RM1.22
INGRESS -RM0.865
KEYWEST -RM 0.11 (Last friday close at 0.125, doji form at peak,need next trading day for confirmation)
KFIMA -RM1.76 (Closed at 1.76, continue to monitor it)
MALTON
MASTEEL -RM1.10
MBSBMUDA -RM0.95
OLDTOWN -RM1.20
OSK -RM1.50
PTGTIN -RM0.305
SPB -RM3.50
SYSTECHTANCO -RM0.245
TEBRAU-RM0.64
TWSCORP- RM0.825
TWSPLNT -RM3.51
TWSPLNT-CAYTLE- RM0.83
Monday, 5 September 2011
Stocks plunge after US hiring dries up in August
NEW YORK (AP) -- A dismal jobs report caused stocks to plunge Friday.
The Dow Jones industrial average dropped 253 points, or 2.2 percent, wiping out its gain for the week. All 30 stocks in the average fell.
No jobs were added in the U.S. last month, the government said early Friday. It was the worst employment report in 11 months and renewed fears that another recession could be on the way. The yield on the 10-year Treasury note briefly fell below 2 percent and gold jumped $48 an ounce as cash flowed into investments seen as less risky than stocks.
"It's certainly ugly," said Jeff Kleintop, chief market strategist at LPL Financial.
The U.S. jobs news came out midday in Europe, dragging stock markets lower in afternoon trading. Indexes in Germany and France were already sinking on news that talks between Greece and international lenders over that country's debt crisis were breaking down. Germany's DAX closed down 3.4 percent; France's CAC-40 lost 3.6 percent.
The lack of hiring in the U.S. last month surprised investors. Economists were expecting 93,000 jobs to be added. Previously reported hiring figures for June and July were revised lower. The average work week declined and hourly earnings fell. The unemployment rate held steady at 9.1 percent. The rate has been above 9 percent in all but two months since May 2009.
Kleintop said the jobs report didn't change his view that the economy was headed for a stretch of weak economic growth, not a recession. He said the figures were likely skewed by unusual events that may have made employers reluctant to add jobs in August.
The Labor Department's report relies on data collected from surveys of households and businesses in the second week of August. That's right after Standard & Poor's removed the country's AAA credit rating and fears mounted that Europe's banking crisis could spread to the U.S. Television screens were filled with images of riots in London.
"I'm not surprised that businesses weren't doing too much hiring in that environment," Kleintop said.
The Dow Jones industrial average lost 253.31 points to close at 11,240.26. It was the biggest fall in two weeks. The Dow gained 329 points in the first three days of the week, turning the index positive for the year on Wednesday. Its two-day drop of 373 on Thursday and Friday left it down 0.4 percent for the week.
The Standard & Poor's 500 index fell 30.45, or 2.5 percent, to 1,173.97. The S&P is down 0.2 percent for the week. Both the Dow and S&P have fallen five of the past six weeks.
The Nasdaq composite fell 65.71, or 2.6 percent, to 2,480.33. The technology-heavy index eked out a gain of 0.48 point for the week.
Cash poured into Treasurys and gold, assets believed to be safer bets during a weak economy. The yield on the 10-year Treasury note fell to 2 percent, and briefly traded below that level. It was 2.14 percent shortly before the report came out. Yields fall when demand for bonds increases.
The price of gold rose 2.8 percent to $1,880. Fears that a stalling economy could reduce demand for oil and gasoline pushed benchmark crude oil down $2.48, or 2.8 percent, to $86.45.
Trading volume was thin ahead of the Labor Day weekend at 3.8 billion shares, 11 percent below the average volume for the year. Low volume can result in larger-than-usual moves in stock indexes. When fewer traders are active in the market, large buy and sell orders can move stock prices more than they would on a typical day.
The VIX, a measure of stock market volatility, rose 6.6 percent to 34. The index has fallen from a recent high of 48 on Aug. 8, when the Dow lost 634 points following a downgrade of the U.S. government's credit rating. The VIX traded below 20 for most of the year.
Bank of America Corp., the country's largest bank, sank 8 percent, or 66 cents, to $7.25 after The Wall Street Journal reported that regulators had asked it to develop emergency plans in case the bank's condition worsens. Bank of America is down 45 percent this year, largely on concerns about legal costs related to shoddy mortgage investments that it sold.
Other big banks dropped on separate reports that the government is preparing to sue some of them, also over mortgage investments they sold that lost value when the housing market collapsed. The Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac, announced the lawsuit against 17 banks after the market closed.
The FHFA says the banks lied about the quality of loans that they pooled and sold as securities. Morgan Stanley fell 97 cents, or 5.7 percent, to $15.96. Citigroup Inc. lost $1.60, or 5.3 percent, to $28.40 and Goldman Sachs Group Inc. fell $5.10, or 4.6 percent, to $107.06.
Peter Tchir, a former trader who now runs the hedge fund TF Market Advisors, said stocks will likely be dragged down in the coming weeks by high unemployment, weak spending and a possible default by Greece, which he sees as increasingly likely.
"I expect that the S&P will go back below 1,100 sometime in September," he said. "Whether we hit a recession or a contraction or not, it'll remain weak, and Europe is going to hit a wall where the banks are going to have to take losses." That would also hurt U.S. banks, he said.
Netflix Inc. plunged 9 percent, or $20.16, to $213.11 after talks collapsed with a key provider of movies and TV shows. Starz Entertainment said late Thursday that it won't renew a contract that allows Netflix to stream recently released movies and shows.
The Dow Jones industrial average dropped 253 points, or 2.2 percent, wiping out its gain for the week. All 30 stocks in the average fell.
No jobs were added in the U.S. last month, the government said early Friday. It was the worst employment report in 11 months and renewed fears that another recession could be on the way. The yield on the 10-year Treasury note briefly fell below 2 percent and gold jumped $48 an ounce as cash flowed into investments seen as less risky than stocks.
"It's certainly ugly," said Jeff Kleintop, chief market strategist at LPL Financial.
The U.S. jobs news came out midday in Europe, dragging stock markets lower in afternoon trading. Indexes in Germany and France were already sinking on news that talks between Greece and international lenders over that country's debt crisis were breaking down. Germany's DAX closed down 3.4 percent; France's CAC-40 lost 3.6 percent.
The lack of hiring in the U.S. last month surprised investors. Economists were expecting 93,000 jobs to be added. Previously reported hiring figures for June and July were revised lower. The average work week declined and hourly earnings fell. The unemployment rate held steady at 9.1 percent. The rate has been above 9 percent in all but two months since May 2009.
Kleintop said the jobs report didn't change his view that the economy was headed for a stretch of weak economic growth, not a recession. He said the figures were likely skewed by unusual events that may have made employers reluctant to add jobs in August.
The Labor Department's report relies on data collected from surveys of households and businesses in the second week of August. That's right after Standard & Poor's removed the country's AAA credit rating and fears mounted that Europe's banking crisis could spread to the U.S. Television screens were filled with images of riots in London.
"I'm not surprised that businesses weren't doing too much hiring in that environment," Kleintop said.
The Dow Jones industrial average lost 253.31 points to close at 11,240.26. It was the biggest fall in two weeks. The Dow gained 329 points in the first three days of the week, turning the index positive for the year on Wednesday. Its two-day drop of 373 on Thursday and Friday left it down 0.4 percent for the week.
The Standard & Poor's 500 index fell 30.45, or 2.5 percent, to 1,173.97. The S&P is down 0.2 percent for the week. Both the Dow and S&P have fallen five of the past six weeks.
The Nasdaq composite fell 65.71, or 2.6 percent, to 2,480.33. The technology-heavy index eked out a gain of 0.48 point for the week.
Cash poured into Treasurys and gold, assets believed to be safer bets during a weak economy. The yield on the 10-year Treasury note fell to 2 percent, and briefly traded below that level. It was 2.14 percent shortly before the report came out. Yields fall when demand for bonds increases.
The price of gold rose 2.8 percent to $1,880. Fears that a stalling economy could reduce demand for oil and gasoline pushed benchmark crude oil down $2.48, or 2.8 percent, to $86.45.
Trading volume was thin ahead of the Labor Day weekend at 3.8 billion shares, 11 percent below the average volume for the year. Low volume can result in larger-than-usual moves in stock indexes. When fewer traders are active in the market, large buy and sell orders can move stock prices more than they would on a typical day.
The VIX, a measure of stock market volatility, rose 6.6 percent to 34. The index has fallen from a recent high of 48 on Aug. 8, when the Dow lost 634 points following a downgrade of the U.S. government's credit rating. The VIX traded below 20 for most of the year.
Bank of America Corp., the country's largest bank, sank 8 percent, or 66 cents, to $7.25 after The Wall Street Journal reported that regulators had asked it to develop emergency plans in case the bank's condition worsens. Bank of America is down 45 percent this year, largely on concerns about legal costs related to shoddy mortgage investments that it sold.
Other big banks dropped on separate reports that the government is preparing to sue some of them, also over mortgage investments they sold that lost value when the housing market collapsed. The Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac, announced the lawsuit against 17 banks after the market closed.
The FHFA says the banks lied about the quality of loans that they pooled and sold as securities. Morgan Stanley fell 97 cents, or 5.7 percent, to $15.96. Citigroup Inc. lost $1.60, or 5.3 percent, to $28.40 and Goldman Sachs Group Inc. fell $5.10, or 4.6 percent, to $107.06.
Peter Tchir, a former trader who now runs the hedge fund TF Market Advisors, said stocks will likely be dragged down in the coming weeks by high unemployment, weak spending and a possible default by Greece, which he sees as increasingly likely.
"I expect that the S&P will go back below 1,100 sometime in September," he said. "Whether we hit a recession or a contraction or not, it'll remain weak, and Europe is going to hit a wall where the banks are going to have to take losses." That would also hurt U.S. banks, he said.
Netflix Inc. plunged 9 percent, or $20.16, to $213.11 after talks collapsed with a key provider of movies and TV shows. Starz Entertainment said late Thursday that it won't renew a contract that allows Netflix to stream recently released movies and shows.
Will KLCI technically rebounce?
Stay sideline better than jump in blindly.
Tuesday, 23 August 2011
SBC CORPORATION BERHAD
| Company Name | : | SBC CORPORATION BERHAD |
| Stock Name | : | SBCCORP |
| Date Announced | : | 09/08/2011 |
| Type | : | Announcement | |
| Subject | : |
| |
| Description | : |
| |
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| |
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Monday, 22 August 2011
Mah Sing gets sales, bookings of RM190.6m
Property developer Mah Sing Bhd has recorded sales and bookings worth RM190.6 million with the launch of a commercial project and previews of two residential projects over the weekend.
In a statement today, Mah Sing Group Managing Director/Chief Executive Officer Tan Sri Leong Hoy Kum said all 78 units of retail lots in Star Avenue@Damansara, Sungai Buloh, valued at RM71.7 million had been snapped up.
The company also recorded a strong take up of close to 75 per cent of the Kinrara Residence luxury bungalows and semi-detached homes in Puchong. - Bernama
In a statement today, Mah Sing Group Managing Director/Chief Executive Officer Tan Sri Leong Hoy Kum said all 78 units of retail lots in Star Avenue@Damansara, Sungai Buloh, valued at RM71.7 million had been snapped up.
The company also recorded a strong take up of close to 75 per cent of the Kinrara Residence luxury bungalows and semi-detached homes in Puchong. - Bernama
Sunday, 21 August 2011
SBCCORP bullish
Trend: Form higher low, uptrend (Bullish)
ADX: Bullish crossover bearish with momentum (Bulish)
MACD: Bull nearly kissing bear form below (Undetermine)
RSI: Cross above 30% from below indicating buy strength is back (Bullish)
STO: Touching 50% (Bullish)
Volume distribution: Strong buying force (Bullish)
Conclusion: 5 Bulls 1 Neutral
TP: 1.13, should we wait till 1.50?
Cut loss: 0.98
KLCI finding support at 1473
Friday, 12 August 2011
AirAsia in UK tie-up talks
“Closing off a new potential joint venture to submit to the board for AirAsia,” he wrote on his personal Twitter site. “Sales are kick ass,” said Fernandes, adding that he was en route to the U.K.
The Sepang, Malaysia-based airline flies to London through its long-haul arm AirAsia X Sdn Bhd. -- Bloomberg
Read more: AirAsia in UK tie-up talks http://www.btimes.com.my/Current_News/BTIMES/articles/20110812121453/Article/index_html#ixzz1UpV2eX3X
Wednesday, 10 August 2011
KLCI Plunge again?
Stock to punt
Wow, Dow plunge 3% -450 at 11:10pm. Perhaps, tomorrow KLCI will gap down open. Good chance to punt again? Forth round Mega sales? My watch list for tomorrow:
Mahsing- Hope drop below 2.14, then shall i consider Mahsing-cb @ 0.175?
MBSB- Punt MBSB-CA (@0.08?) if mummy below 1.50
MRCB- if below 2, punt MRCB-CE@ 0.07?
*Good luck to me*
NEW YORK (Reuters) - Wall Street stocks fell sharply on Wednesday on fears over possible trouble in the French banking sector that has large exposure to shaky peripheral European debt.
U.S. financial stocks led the decline as the KBW bank index slid 6.2 percent. Large financial institutions fell sharply, with Bank of America Corp down 12.2 percent to $6.93.
French banks were hit hard in Paris trading. Societe General, where U.S. traders have focused their attention, fell 16 percent. BNP Paribas fell 13.2 percent.
"France owns $350 billion worth of Italy's debt on their banks' books," Dave Rovelli managing director of U.S. equity trading at Canaccord Adams, who said fears of a failure in the sector were hitting U.S. markets.
The Dow Jones industrial average dropped 342.96 points, or 3.05 percent, to 10,896.81. The Standard & Poor's 500 Index fell 33.66 points, or 2.87 percent, to 1,138.87. The Nasdaq Composite Index shed 72.56 points, or 2.92 percent, to 2,409.96.
Indexes gave up much of Tuesday's snap-back rally. The S&P 500 is down nearly 18 percent since a peak at the start of May. Worries about the U.S. economy and high levels of public debt in Europe have sent stock cascading over the last two weeks.
(Reporting by Edward Krudy; editing by Jeffrey Benkoe)
Mahsing- Hope drop below 2.14, then shall i consider Mahsing-cb @ 0.175?
MBSB- Punt MBSB-CA (@0.08?) if mummy below 1.50
MRCB- if below 2, punt MRCB-CE@ 0.07?
*Good luck to me*
Wall Street slumps on worries over French banks
By Edward KrudyNEW YORK (Reuters) - Wall Street stocks fell sharply on Wednesday on fears over possible trouble in the French banking sector that has large exposure to shaky peripheral European debt.
U.S. financial stocks led the decline as the KBW bank index slid 6.2 percent. Large financial institutions fell sharply, with Bank of America Corp down 12.2 percent to $6.93.
French banks were hit hard in Paris trading. Societe General, where U.S. traders have focused their attention, fell 16 percent. BNP Paribas fell 13.2 percent.
"France owns $350 billion worth of Italy's debt on their banks' books," Dave Rovelli managing director of U.S. equity trading at Canaccord Adams, who said fears of a failure in the sector were hitting U.S. markets.
The Dow Jones industrial average dropped 342.96 points, or 3.05 percent, to 10,896.81. The Standard & Poor's 500 Index fell 33.66 points, or 2.87 percent, to 1,138.87. The Nasdaq Composite Index shed 72.56 points, or 2.92 percent, to 2,409.96.
Indexes gave up much of Tuesday's snap-back rally. The S&P 500 is down nearly 18 percent since a peak at the start of May. Worries about the U.S. economy and high levels of public debt in Europe have sent stock cascading over the last two weeks.
(Reporting by Edward Krudy; editing by Jeffrey Benkoe)
Tuesday, 9 August 2011
FBMKLCI
Altera Corp
CandleStick: Inverted hammer indicate that the stock will go sideway or go up (bullish)
ADX: Downtrend with strong momentum (Bearish)
MACD: Downtrend (Bearish)
RSI: Below 30% (Bearish)
STO: Below 20% (Bearish)
Conclusion: 1 Bull 5 Bears
What price to sell?
Blue lines are resistance level and red lines are support level. $36 is strong resistance for ALTR Corp, if break above $36, the next resistance level is $38.29. Whereas, its support at $34.33. You may either wait to sell at $36 or higher, but if the stock direction not in your favor, you may consider to sell at $34.33.
Monday, 8 August 2011
FBMKLCI
Sunday, 7 August 2011
U-TURN (Sell)
Like the UTURN
(BUY) signal in a Bear market, U-TURN (SELL) signal is equally powerful to indicate a
change in trend when a stock is going strong and is making new higher prices (in a Bull
market). All of a sudden in a Bull trend the stock puts up a disappointing down day and
surprises most people. Many people think this as just a Reaction and expect the stock to
resume its continued ascending movement soon; but it does not happen most of the time
when the reversal conditions of the U-TURN (SELL) signal are met.
Here are the conditions for the U-TURN (SELL) signal with Bearish implications in a Bull
market. Please note that the signal discussed here takes place when the stock is in a uptrend
(Bull market) but the signal actually indicates that the stock is about to enter into a Bear
market or a down trend.
Key Points to remember: Current Trend- Up. Strong Open. Strong Bear Day. Increase
in Volume.
Conditions:
1. The stock has to be in a continued Up-trend.
http://www.profitfromprices.com Profit 12 From Prices
2. Today’s HIGH price (TDH) has to be highest price (TOP) for the stock in the last few
days. (If it is the highest for the last three or more weeks, we have a strong form of a
U-TURN (SELL) signal. If it is the highest for the last three to ten trading days only,
we have a weak form of U-TURN (SELL) signal. The strong form indicates a likely
trend reversal for the current major trend; and a weak form is related to just the start
of a Reaction or the end of a Correction.).
3. Today’s Open price (TDO) has to be HIGHER than Previous Day’s High price (PDH).
TDO > PDH (The more the difference between TDO and PDH, the more powerful the
signal is going to be)
4. Today’s Close price (TDC) has to be LOWER than Previous Day’s Close price
(PDC).
TDC < PDC
5. Today’s Close price (TDC) has to be LOWER than Previous Day’s Open price
(PDO).
TDC < PDO
6. Today’s Volume has to be decisively HIGHER than the normal volume of the last few
days or Previous Day’s volume. If the above conditions are fulfilled, you will mostly
see a decisive jump in stock volume today. If you don’t see a jump in the volume
today, the signal loses some of its strength.
(BUY) signal in a Bear market, U-TURN (SELL) signal is equally powerful to indicate a
change in trend when a stock is going strong and is making new higher prices (in a Bull
market). All of a sudden in a Bull trend the stock puts up a disappointing down day and
surprises most people. Many people think this as just a Reaction and expect the stock to
resume its continued ascending movement soon; but it does not happen most of the time
when the reversal conditions of the U-TURN (SELL) signal are met.
Here are the conditions for the U-TURN (SELL) signal with Bearish implications in a Bull
market. Please note that the signal discussed here takes place when the stock is in a uptrend
(Bull market) but the signal actually indicates that the stock is about to enter into a Bear
market or a down trend.
Key Points to remember: Current Trend- Up. Strong Open. Strong Bear Day. Increase
in Volume.
Conditions:
1. The stock has to be in a continued Up-trend.
http://www.profitfromprices.com Profit 12 From Prices
2. Today’s HIGH price (TDH) has to be highest price (TOP) for the stock in the last few
days. (If it is the highest for the last three or more weeks, we have a strong form of a
U-TURN (SELL) signal. If it is the highest for the last three to ten trading days only,
we have a weak form of U-TURN (SELL) signal. The strong form indicates a likely
trend reversal for the current major trend; and a weak form is related to just the start
of a Reaction or the end of a Correction.).
3. Today’s Open price (TDO) has to be HIGHER than Previous Day’s High price (PDH).
TDO > PDH (The more the difference between TDO and PDH, the more powerful the
signal is going to be)
4. Today’s Close price (TDC) has to be LOWER than Previous Day’s Close price
(PDC).
TDC < PDC
5. Today’s Close price (TDC) has to be LOWER than Previous Day’s Open price
(PDO).
TDC < PDO
6. Today’s Volume has to be decisively HIGHER than the normal volume of the last few
days or Previous Day’s volume. If the above conditions are fulfilled, you will mostly
see a decisive jump in stock volume today. If you don’t see a jump in the volume
today, the signal loses some of its strength.
U-TURN (Buy)
U-TURN (BUY) is one of my most favorite signals. As mentioned earlier, the (BUY) version of
U-TURN takes place when a stock is in a down-trend and is likely to enter into an up-trend. It
signals possibilities about the start of an up-trend.
Assume a stock is going down for quite some time. The following are quotes for the latest two
days:
Today 22, 27, 21, 26
Yesterday (Previous Day) 25, 26, 23, 24
Yesterday, the stock opened at 25$, touched a high of 26$ and a new recent low of 23$, and
at the end of the day it closed at 24$. Now today, when market opens, this stock opened at
22$ (a price lower than the Previous Day’s Low price of 23$) and started going down. Now
when it is trading as low as 21$, there are signs of fresh buying which pushes the price
higher. Not a big thing so far because this kind of buying could be seen several times during
any trading session. However, when the stock manages to trade higher than today’s Open
price or 22$, we need to be vigilant for a likely trend reversal. Now if the stock keeps going up
and closes for today at say 26$, which is higher than both Previous Day’s Open price of 25$
and the Previous Day’s Close price of 24$, we have a trend reversal signal! The stock that
has been going down for the last few days and also during the first few hours today,
somehow closed with a happy ending and a strong Close price. This reflects a 180-degree
change in the sentiment. Hence we will call this signal a U-TURN (Buy) signal.
What makes U TURN a powerful Trend Reversal signal? As we know, when a stock is in a
downtrend, sellers out-number or out-power buyers. In such circumstances, it is normal for
the stock to keep making lower Low prices as time passes. This reflects bearish, negative
sentiment or outlook for this stock. Now when trading starts for today, this stock opens at a
price lower than Previous Day’s Low price. This is common for any stock that is going down
and it just indicates the continuation of the negative sentiment. Now if at some point in time
during the session, the stock stages a reversal and starts trading higher. This is likely due to
an emergence of fresh demand at current low price of the stock. Now how can we determine
that the stock is really staging a reversal? To answer this question, the following tests can
help us differentiate a strong reversal from a temporary emergence of buying. First, there has
to be a noticeable increase in volume since this turning point. Second, it has to keep going up
and cross Previous Day’s Open and also the Close price. If both these conditions are fulfilled,
we can be sure that the buying in the stock has been real and powerful. To take advantage of
the currently low stock price, some players seem to have started buying it decisively despite
the strong negative sentiment held by most other players. This buying must be significant
because it not only absorbed what most players had to sell/offer, but buyers kept asking for
more stocks even at higher prices. Today’s demand not only absorbed the selling pressure,
but it even pushed the price higher than the prices of the Previous Day! Isn’t this a
convincing reversal in stock prices?
http://www.profitfromprices.com Profit 8 From Prices
This is a complete U-TURN in the stock price trend and now with a Stop-loss at Today’s Low
price, one can start taking long positions.
Key Points to remember: Current Trend- Down. Weak Open. Strong Bull Day.
Increase in Volume.
Conditions:
1. The stock has to be in a continued downtrend.
2. Today’s Low price (TDL) has to be the LOWEST price for the stock over the last few
days. (If it is the lowest for the last few weeks, we are likely to have a strong major
trend reversal signal- a strong form of U-TURN. However if Previous Day’s Low price
is the lowest for only the last three to ten days, we have a signal that is more likely to
mark the beginning of a Correction or the end of a Reaction – a weak form of UTURN).
3. WEAK OPEN: Today’s Open price (TDO) has to be LOWER than Previous Day’s
Low price (PDL).
TDO < PDL (The more the difference between TDO and PDL, the more powerful the
signal is going to be)
4. Today’s Close price (TDC) has to be HIGHER than Previous Day’s Close price
(PDC).
TDC > PDC
5. Today’s Close price (TDC) has to be HIGHER than Previous Day’s Open price
(PDO).
TDC > PDO
6. Today’s Volume has to be decisively HIGHER than the normal volume over the last
few days or Previous Day’s volume. If you don’t see a jump in the volume today, the
signal loses some of its strength.
U-TURN takes place when a stock is in a down-trend and is likely to enter into an up-trend. It
signals possibilities about the start of an up-trend.
Assume a stock is going down for quite some time. The following are quotes for the latest two
days:
Today 22, 27, 21, 26
Yesterday (Previous Day) 25, 26, 23, 24
Yesterday, the stock opened at 25$, touched a high of 26$ and a new recent low of 23$, and
at the end of the day it closed at 24$. Now today, when market opens, this stock opened at
22$ (a price lower than the Previous Day’s Low price of 23$) and started going down. Now
when it is trading as low as 21$, there are signs of fresh buying which pushes the price
higher. Not a big thing so far because this kind of buying could be seen several times during
any trading session. However, when the stock manages to trade higher than today’s Open
price or 22$, we need to be vigilant for a likely trend reversal. Now if the stock keeps going up
and closes for today at say 26$, which is higher than both Previous Day’s Open price of 25$
and the Previous Day’s Close price of 24$, we have a trend reversal signal! The stock that
has been going down for the last few days and also during the first few hours today,
somehow closed with a happy ending and a strong Close price. This reflects a 180-degree
change in the sentiment. Hence we will call this signal a U-TURN (Buy) signal.
What makes U TURN a powerful Trend Reversal signal? As we know, when a stock is in a
downtrend, sellers out-number or out-power buyers. In such circumstances, it is normal for
the stock to keep making lower Low prices as time passes. This reflects bearish, negative
sentiment or outlook for this stock. Now when trading starts for today, this stock opens at a
price lower than Previous Day’s Low price. This is common for any stock that is going down
and it just indicates the continuation of the negative sentiment. Now if at some point in time
during the session, the stock stages a reversal and starts trading higher. This is likely due to
an emergence of fresh demand at current low price of the stock. Now how can we determine
that the stock is really staging a reversal? To answer this question, the following tests can
help us differentiate a strong reversal from a temporary emergence of buying. First, there has
to be a noticeable increase in volume since this turning point. Second, it has to keep going up
and cross Previous Day’s Open and also the Close price. If both these conditions are fulfilled,
we can be sure that the buying in the stock has been real and powerful. To take advantage of
the currently low stock price, some players seem to have started buying it decisively despite
the strong negative sentiment held by most other players. This buying must be significant
because it not only absorbed what most players had to sell/offer, but buyers kept asking for
more stocks even at higher prices. Today’s demand not only absorbed the selling pressure,
but it even pushed the price higher than the prices of the Previous Day! Isn’t this a
convincing reversal in stock prices?
http://www.profitfromprices.com Profit 8 From Prices
This is a complete U-TURN in the stock price trend and now with a Stop-loss at Today’s Low
price, one can start taking long positions.
Key Points to remember: Current Trend- Down. Weak Open. Strong Bull Day.
Increase in Volume.
Conditions:
1. The stock has to be in a continued downtrend.
2. Today’s Low price (TDL) has to be the LOWEST price for the stock over the last few
days. (If it is the lowest for the last few weeks, we are likely to have a strong major
trend reversal signal- a strong form of U-TURN. However if Previous Day’s Low price
is the lowest for only the last three to ten days, we have a signal that is more likely to
mark the beginning of a Correction or the end of a Reaction – a weak form of UTURN).
3. WEAK OPEN: Today’s Open price (TDO) has to be LOWER than Previous Day’s
Low price (PDL).
TDO < PDL (The more the difference between TDO and PDL, the more powerful the
signal is going to be)
4. Today’s Close price (TDC) has to be HIGHER than Previous Day’s Close price
(PDC).
TDC > PDC
5. Today’s Close price (TDC) has to be HIGHER than Previous Day’s Open price
(PDO).
TDC > PDO
6. Today’s Volume has to be decisively HIGHER than the normal volume over the last
few days or Previous Day’s volume. If you don’t see a jump in the volume today, the
signal loses some of its strength.
Friday, 5 August 2011
Thursday, 4 August 2011
XOX will continue bull?
ADX: Bull crossover bear with strong momentum (Bull)
MACD: Uptrend (bull)
RSI: Cross above 50% from below (Bull)
STO: Bull crossover bear with signal line above 80% (bull)
Volume distribution: Strong buy force(Bull)
Conclusion: 6 bulls
TP: 0.435
Cut loss: 0.35
Wednesday, 3 August 2011
Mahsing
ADX: Downtrend (Bearish)
MACD: Bullish crossover bearish (Bullish)
RSI: Moving upward (bullish)
STO: Uptrend (bullish)
Volume distribution: Strong sell force (bearish)
Conclusion: 3 Bull 2 bear 1 neutral
TP: 2.55, 2.63, 2.68
Cut Loss: 2.4
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