Thinking of buying this counter for short term. The peak's over, and now its on a consolidation after falling sharply. Should I buy it since its in consolidation?
Checked the fundamentals, doing well. Increasing sales n Revenue / Net profit, Return on Equity > 15%. Thinking of buying it when it hits support of about 0.6 resistance at 0.64. For the MACD, it shows the blue line crossing above the red line slightly. Stoch still shows it slightly above the 20 mark. Attached is the file. Thanks a million. Comments welcome.

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Nice pick! It does look good, but personally, I would wait a little while more for confirmation before going in. In particular, for it to show confirmation of a trend reversal, because the current downtrend hasn't been broken yet (but definitely slowing already)

I've been using this RMO indicator recently, and I find it pretty useful. It's a new indicator that's been released with Metastock 10, and it's actually the Rahul Mohindar Oscillator System.

If you notice, there's a final blue arrow on the chart. These arrows are automatically drawn...and confirmation is by that day's candlestick. I.e. blue arrow (buy) must be confirmed by a blue candlestick (buy) before it's a confirmed buy signal, and vice versa for a sell signal.

I think RMO's a pretty straightforward way that provides good confirmation of buy/sell signals. Check out Equis' training video of it: http://www.equis.com/customer/training/rmo/

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Thanks a lot Blitz. Will check out this new program. =D

some of my friends are using nextview and it's very powerful because it's specially catered to local trading. but i know metastock is one of the long-timers..pretty established software.

either case i don't have the $$ to get either one yet coz they're so expensive la

Yea i have a friend using nextview too. But expensive..... ~ small time trader like me cant afford it Lolz~

Ok after today's close with a small white candlestick, here's my analysis. The candle stick analysis states that this is a Bullish Harami.

What is a bullish harami?

A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In terms of candlestick colors, the bullish harami is a downtrend of negative-colored (black) candlesticks engulfing a small positive (white) candlestick, giving a sign of a reversal of the downward trend.

Because the bullish harami indicates that the falling trend (bearish trend) may be reversing, it signals that it's a good time to enter into Noe:a long position. The smaller the second (white) candlestick, the more likely the reversal.

Taken from www.investopedia.com

Any comments?

Note: My comments should be taken with a pinch of salt, everyone should conduct their own analysis before buying or selling your security.

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Single candlestick carries not much strength.

As the daily chart showing its still at the range bound, but the weekly and monthly showing the downtrend is yet to end.

The last candle is actually placed below the EMA 20, 50 and 200.

Volume is also coming down as compared to normal volume.

Better to wait to time the entry...even though u r at short term play.

To read more about MA..by stocktube:

Wednesday, March 21, 2007
Why You Should Look At 200-day MA before investing

http://stocktube.blogspot.com/2007/0...00-day-ma.html






Btw....Blitz......where can I buy 10 years' historical data for use in metastock? kindly guide.

Thanks.

Slight gain today for me. Im expecting another increase tomorrow =D Did well on federal too.

congrats Samuel!! hehe...always happy when someone makes a profit from the market

tcsian: i use technical-analysis, their website is at http://www.technical-analysis.com/prodADS.html

one-time fee, and u get daily data free...works great for me! been using this for past few months liao

Current price 0.685.