singpost chart query - Singapore Stocks - Learn & Discuss Good Stocks Tips & Analysis!

trainfit · #1 (**permalink**) 27-05-2007, 09:47 PM

hi all,
this is my first time to draw a trendline with the help of web etc. can someone correct it? if you have another way of drawing please upload and share.

56mimosa · #2 (**permalink**) 27-05-2007, 10:05 PM

Looks good to me ! ( except that why do you have two trendline, one lower )

trainfit · #3 (**permalink**) 27-05-2007, 10:06 PM

thanks. because i am not sure, which one can consider the correct up trend line. please advised.

56mimosa · #4 (**permalink**) 27-05-2007, 10:11 PM

I think the upper line is the correct one. For trendline, you should connect as many low together ( for uptrend ) as possible. The trendline should be drawn near to where the action is. You have chosen Oct 06 - May 07 which is fine but you should not go too far back because the action ( the recent bull ) is from Sep 06 onward. For downtrend, connect as many high together as possible.

trainfit · #5 (**permalink**) 27-05-2007, 10:34 PM

thanks. what about this?

blitzksg · #6 (**permalink**) 28-05-2007, 01:13 AM

think the trend line may be too too wide, but that's just IMHO.

here's my chart on singpost, pretty strong short term resistance at $1.22...but generally a healthy bullish long term trend

trainfit · #7 (**permalink**) 28-05-2007, 07:49 AM

great thanks for coming up your chart. care to share how you draw that?

cool79 · #8 (**permalink**) 28-05-2007, 10:43 AM

Quote:

Originally Posted by trainfit

great thanks for coming up your chart. care to share how you draw that?

here is using chartnexus
the support at 1.17 n 1.12
resistance at 1.22

hope my chart help u
for trend line, don need to be the tail end... look at my chart then u will understand.
i think that is what shifu is trying to tell u

cool79 · #9 (**permalink**) 28-05-2007, 02:53 PM

u got some news on this counter?
it drop to 1.19 liao....
i had monitor for 1 week n it was forming a support at 1.20... now looks like it will be goin to be a drop... but this counter will not chiong much
def stock i should say, am i right?

trainfit · #10 (**permalink**) 28-05-2007, 08:10 PM

you are asking me anynews? well i hardly got any news. i purposely choose this chart is because i know it is a uptrend. and i like to learn how to draw a correct uptrend.