The Trading Floor - November 2012

Discussion in 'The Trading Floor' started by Amator, Nov 1, 2012.


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  1. Amator

    Amator Well-Known Member

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  2. zuolun

    zuolun Well-Known Member

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    nottibird,

    OCBC is “suffering from obesity”. :yikes:

    OCBCTrading extremely extended from its 20d SMA

    Immediate resistance 9.50, immediate support 9.38.

    Stock trading extremely extended from its 20d SMA:

    1. If you put a protractor from the pivot low and the angle is more than 60 degrees, it is usually unsustainable.

    2. When the stock is running out of steam, it will need to retrace and consolidate some of its move.

    [​IMG]
     
  3. zuolun

    zuolun Well-Known Member

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    nottibird,

    CDL is “suffering from obesity”. :yikes:

    CDL Trading extremely extended from its 20d SMA

    CDL closed unchanged with a black marubozu @ 11.72 on 30 Nov 2012.

    Immediate support 11.38, immediate resistance 12.02.

    [​IMG]
     
    Last edited: Dec 1, 2012
  4. zuolun

    zuolun Well-Known Member

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    CapitalandTrading extremely extended from its 20d SMA

    Capitaland closed with a spinning top @ 3.53 (+0.03, +0.9%) on 30 Nov 2012.

    Immediate support 3.40, immediate resistance 3.54.

    [​IMG]
     
  5. zuolun

    zuolun Well-Known Member

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    EzionTrading in an upward sloping channel

    Ezion closed unchanged with a spinning top @ 1.445 on 30 Nov 2012.

    Immediate support 1.41, immediate resistance 1.51.

    [​IMG]
     
  6. zuolun

    zuolun Well-Known Member

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    Goldern AgrFalling Wedge Bullish Reversal

    GoldernAgr closed with an inverted hammer @ 0.66 (-0.005, -0.8%) on 30 Nov 2012.

    Immediate support 0.645, immediate resistance 0.68.

    [​IMG]

    Falling wedge in a downtrend is a decline to a new low on strong volume, several weeks of range-bound trade characterized by lower lows and lower highs with contracting volume, followed by a sharp break higher on strong volume. It is important to note, unlike all other chart patterns, valid falling wedge patterns can be either continuation or reversal patterns.

    Falling wedges in downtrends are usually part of larger reversal trends so the implications for the pattern are modest. Technical targets are derived by adding the height of pattern to the eventual breakout level. The breakout level will be determined by a trend line drawn from the area of initial consolidation through the reaction high.

    The Wedge Formation is also similar to a symmetrical triangle in appearance, in that they have converging trendlines that come together at an apex. However, wedges are distinguished by a noticeable slant, either to the upside or to the downside. As with triangles, volume should diminish during its formation and increase on its resolve.

    A falling wedge is generally considered bullish and is usually found in up-trends. But it can also be found in downtrends as well. The implication however is still generally bullish. This pattern is marked by a series of lower tops and lower bottoms.

    Falling Wedge Bullish Reversal
    [​IMG]

    • Prior Trend: To qualify as a reversal pattern, there must be a prior trend to reverse. Ideally, the falling wedge will form after an extended downtrend and mark the final low. The pattern usually forms over a 3-6 month period and the preceding downtrend should be at least 3 months old.
    • Upper Resistance Line: It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be lower than the previous highs.
    • Lower Support Line: At least two reaction lows are required to form the lower support line. Each reaction low should be lower than the previous lows.
    • Contraction: The upper resistance line and lower support line converge to form a cone as the pattern matures. The reaction lows still penetrate the previous lows, but this penetration becomes shallower. Shallower lows indicate a decrease in selling pressure and create a lower support line with less negative slope than the upper resistance line.
    • Resistance Break: Bullish confirmation of the pattern does not come until the resistance line is broken in convincing fashion. It is sometimes prudent to wait for a break above the previous reaction high for further confirmation. Once resistance is broken, there can sometimes be a correction to test the newfound support level.
    • Volume: While volume is not particularly important on rising wedges, it is an essential ingredient to confirm a falling wedge breakout. Without an expansion of volume, the breakout will lack conviction and be vulnerable to failure.
     
  7. zuolun

    zuolun Well-Known Member

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    BACTrading extremely extended from its 20d SMA

    BAC closed with a doji @ 9.83 (+0.07, +0.7%) on 29 Nov 2012.

    Immediate support 9.44, immediate resistance 9.97.

    [​IMG]
     
  8. zuolun

    zuolun Well-Known Member

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    OlamRounding Top formation

    Olam closed with doji @ 1.575 (+0.015, +1%) on 30 Nov 2012.

    Immediate resistance 1.62, next resistance 1.69.

    Immediate support 1.52, crucial support 1.485.

    [​IMG]
     
  9. zuolun

    zuolun Well-Known Member

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    Wilmar - Critical support @ 3.00 once broken, Wilmar is an outright SELL

    Wilmar closed unchanged with a black marubozu @ 3.19 on 30 Nov 2012.

    [​IMG]

    [​IMG]
     
  10. zuolun

    zuolun Well-Known Member

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    马太效应:
    指强者愈强、弱者愈弱的现象,广泛应用于社会心理学、教育、金融以及科学等众多领域。其名字来自圣经《新约·马太福音》中的一则寓言: “凡有的,还要加给他叫他多余;没有的,连他所有的也要夺过来。”“马太效应”与“平衡之道”相悖,与“二八定则”有相类之处,是十分重要的自然法则。


    According to Matthew Effect (马太效应); the major downtrend of DMX won't change overnight, its share price will move lower low.

    DMXBollinger Squeeze

    DMX closed unchanged @ 0.21 on 30 Nov 2012. The major stockist CK had moved house to a lower floor on 15 Nov 2012.

    [​IMG]
     
  11. zuolun

    zuolun Well-Known Member

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    马太效应:
    指强者愈强、弱者愈弱的现象,广泛应用于社会心理学、教育、金融以及科学等众多领域。其名字来自圣经《新约·马太福音》中的一则寓言: “凡有的,还要加给他叫他多余;没有的,连他所有的也要夺过来。”“马太效应”与“平衡之道”相悖,与“二八定则”有相类之处,是十分重要的自然法则。


    According to Matthew Effect (马太效应); the major downtrend of ChinaFish won't change overnight, its share price will move lower low.

    ChinaFishBear Flag Breakout; Interim TP 0.53

    ChinaFish closed with an inverted hammer @ 0.565 (-0.01, -1.7%) on 30 Nov 2012.

    Immediate resistance @ 0.58, long term horizontal support @ 0.43.

    [​IMG]

    [​IMG]
     
    Last edited: Nov 30, 2012
  12. zuolun

    zuolun Well-Known Member

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    nottibird,

    1. The major trend won't change overnight.

    2. Today STI 开高收低 showed that a relief rally (month-end window dressing) is just a one-night-stand.

    3. If the next night it cannot stand, STI will come down just as fast as it went up.

    4. The range-bound trading of 60 & 35 points trading range is likely to prevail till end of 2012.
     
    Last edited: Nov 30, 2012
  13. Patisserie

    Patisserie Well-Known Member

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    Thank u zuolun.
    4386347503_134ceba546_b.jpg


     
  14. zuolun

    zuolun Well-Known Member

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    The major big kartek of KepCorp is still there! :yikes:

    KepCorp A bearish island-top reversal formation; crucial support @ 10.40

    KepCorp closed with an inverted hammer @ 10.71 (+0.02, +0.2%) on 30 Nov 2012.

    Immediate support 10.42, the 20d SMA, immediate resistance 10.69, the 200d SMA.

    [​IMG]

    [​IMG]
     
  15. nottibird

    nottibird Moderator

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    Kind of a mixed bag..... some closed lower than the opening price while others closed higher than their opening price.
    Cant make out anything. :no:

    This dead cat may want to bounce a little more before pulling out the plug.
     
  16. zuolun

    zuolun Well-Known Member

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    Straits Times IndexMarket Movers Stocks

    STI closed @ 3069.95 (+24.05, +0.79%) 30 Nov 2012.
    [​IMG]

    Buying pressure on market movers stocks is very strong this morning, especially properties and banks stocks.

    STI @ 3076.05 (+30.15, +0.99%) 30 Nov 2012, 1040 hrs
    [​IMG]

    STI closed 3045.90 @ (+34.13, +1.13%) 29 Nov 2012
    [​IMG]

    Market Summary as at 30 Nov 2012
    [​IMG]

    Market Summary as at 30 Nov 2012, 1033 hrs:
    [​IMG]

    Market Summary as at 29 Nov 2012, 1140 hrs:
    [​IMG]
     
  17. nottibird

    nottibird Moderator

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    Like that ar? I will average my shorts then for OCBC.
    My balls kena squeezed until very sore. :lol:

    Er.... any other counter you see which has alot of meat to double short next week?
     
  18. zuolun

    zuolun Well-Known Member

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    This week big karteks kena huge short squeeze.

    Next week they do a "double short", those panjangs who jumped in to long today kena bull trapped. :yikes:

     
  19. nottibird

    nottibird Moderator

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    Hope it will be as ferocious and hungry as this one............

    a5.jpg
     
  20. nottibird

    nottibird Moderator

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    Hope to see a pullback and I join you to LONG then.
     
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