Yangzijiang - Uptrend potential

This counter has a strong support at $0.455. However the vol remain thin. If today vol can increase further, it will help to push up the price further. Next target price can be $0.535.
Cheers !

Happy New Year - Call Yanlord

Last week we short Yanlord for a christmas eve's present.

On Dec 31, the candlestick turned full black. Today the candlestick turned full white. Price range are same at $0.895 to $0.95. This is a Tweezer Bottom Pattern. The volume had increased too.

Buy Yanlord at long on next Monday as a Chinese New Year "Ang Bao" .This is on condition that the volume must continue to be higher than today. Enjoy the profit earning for this counter before Chinese New Year.

Have a great day !

Merry Christmas - Short Yanlord

This counter show a shooting star on Dec 19, and volume has decreased from there on. Looking at the RSI (14d) which indicate the counter is at over bought region. Shall take the opportunity to short and earn some profit for your christmas present. Cheers !

A good stock trading system

We are experiencing a historical big crash in Oct 2008. This could happen once in our life time. For those who trade stocks base on long strategy may find hard to gain profit last month.
Due to this reason, I grap the last month many crash opportunity & had implemented a method i called it "V" pattern formation. And it excited me because this method had work so well for me.
Now come back to the month of Nov, we saw a market quick upturn at the beginning due to the oversold last month. I work out my own system that is to help alarm me the market trend & direction.
Some will ask why dont use technical analysis ? No doubt TA did a great job for me & cannot be ignored, but when u are in the practise of intraday basic, TA may not be as accurate as always due to the delayed signal.
A stock guru might have follow tones of good habbit & trading rules but this should not stop them to work with their own system & enjoy their own style of trading. I think a good trading system that can associate well with individually character is also important too.

Cheers for the good trading system together with success !

Semb Marine

On Oct 8 last wednesday where the market is in very bad sentiment and many of them are losse confident. I spot a few stocks such as Noble, Kep Corp & Semb Marine. I decided to take semb marine at the price of $2.09 even though there is no "U" turn signal to shown in my system.

Finally market had a strong pull back yesterday & i sold at $2.47. The STI shall continue to go down later on eventhough these 2 days seems so exicted about the heavy buying volume.

If STI continue to go down then i can buy more lots ! This is just my personal strategy.

Cheers for the bear market !

ps: i studied the stock chart juz now, seems to me that many stocks show candlestick in Dark Cloud Cover, Shooting Star or Evening Doji Star ! Market shall down.

A wonderful day for day trader

Yesterday I shall congrate to those smart day traders who are able to strike on the equity market once again.

Just less than 2 weeks since last Sept 18, we are again experiencing another market biggest free fall & then bounce back in a day.

If you are experience enough & like many smart day traders, I am sure you will not miss this time round the gloden opportunity for long, am i right ?

I dont practise day trader method that often, yet still quick enough to pick Noble Group for long at $1.15. See chart above. The only thing that not satify me is i sold it too early at 1.23. Base on my TA, i am expecting this stock shall moves up to the range of $1.31 - $1.34 in about 2 days time. Somehow this counter prove me wrong, they are quick enough to achieve my target price just within a day. On the other hand, i shall be gladful that stocks i pick can usually achieve up to 10% profit margin & more if i got the patient to wait. By all mean there is no such "if" in the stock market, is either you know or you dont know, Ha....Ha...!

How about the following days this week ? My preference is to go for long than short. Now a day traders shall be flexible enough & have a quick mind change decision to code with this crasy market flutation.

Investor who think they cant code with the high presuure market are not advisable to trade during this period cause it is too harmful for health. Just a joke, I heard some long term investors who are prefer to play golf than involving themself in the equity market, smart move !

Cheer,

Happy Holiday !!