Hi, pls correct me if i am wrong
the resistance is at 0.29 0.30 0.33
so the exit point is at 0.33 or higher? i did saw another resistance at 0.355 also...

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yup looks good. for contra, i would say exit at 0.30. Longer than contra can target 0.33 or higher

Hi blitzksg,
Can you enlighten me on how you derive the entry point and exit point from the Stochastic? Thanks!!

i guess i can help ans ur question
=D
it's not lookin at the stochastis to get the entry or exit point
is lookin at the number of times the counter hit 0.29. it's more of a resistance point then an exit point
it can be seem just using MA chart... just draw 1 straight line across like the graph i have plotted. stochastic is to determine if the counter is overbought or undersold. MACD is to determine the point of entry if i am not wrong (not veri sure abt MACD)

once this counter hit over 0.29, there's no turning back...
hope my explaination is correct...
cheers
HUAT together!!!

a new chart is out
blitzsg pls advise
:character0099:

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"stochastic is to determine if the counter is overbought or undersold" --> Spot on bro! And MACD is similar to stochastics too, just that it's a lagging indicator

the resistance is *around* 0.29-0.3 (the whole area there is a trading range, so more difficult to establish an exact price)

The way this counter hsa been performing, u can tell that it is considered "Trending Downwards". Therefore, unless it can rise above 0.3 (called a breakout), AND rise above with HIGH VOLUME, it is still a downward-trending stock. The reason this is so, is because trending stocks need a strong change to be an effective reversal.

Downward trending stocks are usually more risky as the overall direction is down.....so long term = loss. Better to play short-term, and ONLY on dips with stochastic/MACD confirmation :gran:

but just lookin at the candlestick, does it tell dat it is in the bear or bull or neutral mode now?

can't tell just from candlesticks bro

think will take profit n run liao

bro
sigh...
my remiser tell me sell off better than loss money... wanted to sell off at 0.27... cos i bought at 0.2565 n i bought in 2 times... now sold at 0.265... think onli earn 3.10 bucks... lol...
my remiser tell me... better u bo lai then lose money...

sigh... put for 1 mth gain 1 lunch meal... lol... lucky got an unexpensive lesson learnt...

but it is better to just earn this then risk a few hundred n gain onli 50 to 100