There is nothing to talk bout the markets. Other than.. CUI!. A lot of chart formations are coming into fruition. But seriously, if you haven’t already seen this, here it is for you. StraitsAsia. Shooting star, plus confirmation today. What are you waiting for???
I got slapped by SA. It is my sway counter. Always kena slapped. So I am not gonna take this one. I let you all profit accordingly. Cut loss is $1.4. A good price to enter would be $1.12, and the best would be $1.2 which is where 20MA will be. Very nice set up. Shorting at resistance is the best you can ask for. Plus a shooting star. Plus a confirmation. MAI TU LIAO!!!!!!!!!!!!
Related Articles
4 users responded in this post
I still learning TA and appear to have a mental block ! Many thanks for your views
No worries, give me a call if u got questions. It is rare to come across a set up like this in today’s market. U gotta remember where is cut loss point though. There is no guarantee that it may go nuts and become a bull flag. At this juncture it doesnt look like it will develop. However the combi of shooting star, 20ma, and a confirmation is hard to resist. Really hard. hmmm..
You so superstitious one meh? Short lah. I give you spiritual support.
Bummy, you have to throw everything out of your mind and start with a blank slate. It becomes a bit intuitive after a while. I know it might sound a bit unorthodox but don’t get too hung up with exactitude. Oops… shouldn’t say that here. Later, guru ask me to stand outside classroom with candlestick book on top of my head. hehe
SA and me have a bad history. It wiped out my CMC account LOL and i am not willing at this point to trade using CMC. As for phillips, no scripts.. as usual. A lot of counters are now ‘long only’ which is an indicator of the number of shorts in the market, or that the owner of the scripts (or poems) decided to hold back some of the scripts, or both.
it is a bit late to begin short selling positions in many counters now, but some are still ‘gems’. Like SA.
Leave A Reply