Hey folks. I have been quite ill and I am still recovering somewhat but that doesn’t stop me from doing a post. STI Symmetric triangle. Primed for a breakout at 2350? Or will the triangle fail? Triangle is reaching apex. It must breakout else it will fail and price targets will not come into fruition.
Audio recap : China Energy (descending triangle) – A crack of support became a good trading opportunity on the short side. Definitely not a formation to buy or go long due to the warning of impending downside.
Audio recap – HSI (ascending triangle) An attempt to breakout amid a bear market rally. For the record, it was a rough 300 point upside target on breakout but at the moment it has been going sideways and retested breakout level last week. Target fell short, with a 200 point plus gain so far.
Audio recap – YZJ (head and shoulders) A break below critical support saw it break to nowhere man’s land. A smilar chart last year was AirAsia, traded on the KLCI.
Audio – Symmetric, descending and ascending triangles. Head and shoulders example also illustrated.
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2 users responded in this post
STI showing signs of strength esp in RSI and Stochastic.. but several counters like Capitaland and Noble showing weakness.. am not really sure what shld be my next course of action..
and no more ads to click??
be well soon, dude
*pats*
then if sti got trend, trade sti lor. LOL
ads ah… they dun wanna give me lor wad to do. but thank u for asking. when it appears pls continue hehe
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