A big whale in the ocean would still be affected by sudden ginormous tsunami. Same for a bad looking chart, one can expect its share price improve like a piece of art once everyone starts moving in the same direction ---> up! A fundamentally strong company i.e. Keppel will outshine everyone else in the long run. Chart movement are noises which l usually "ignore".
Let me have a bit of fun with your "art" by pretending to be a charting analyst:
Keppel has the potential to breakout of its downward sloping channel of lower highs and lower lows from Mar to Sept.
If we able to clear the $10.90 resistance with conviction (higher volumes), there is potential to hit our final price target of $12.00.
First price resistance at $11.20. Second price resistance at $11.50.
This bullish scenario is negated if Keppel fails to clear the $10.90 resistance, indicating Keppel is still trapped in the narrow range trading band of between $10.30 to $10.90.
Short term traders may short Keppel on the failed breakout at $10.80 entry with price target at $10.30 and stop loss at $11.
A big whale in the ocean would still be affected by sudden ginormous tsunami. Same for a bad looking chart, one can expect its share price improve like a piece of art once everyone starts moving in the same direction ---> up! A fundamentally strong company i.e. Keppel will outshine everyone else in the long run. Chart movement are noises which l usually "ignore".
ReplyDeleteSome of us are so sianz.
DeleteEveryday, no reported news of sudden ginormous tsunami.
We need to catch these big whales to huat.
CW,
ReplyDeleteLet me have a bit of fun with your "art" by pretending to be a charting analyst:
Keppel has the potential to breakout of its downward sloping channel of lower highs and lower lows from Mar to Sept.
If we able to clear the $10.90 resistance with conviction (higher volumes), there is potential to hit our final price target of $12.00.
First price resistance at $11.20. Second price resistance at $11.50.
This bullish scenario is negated if Keppel fails to clear the $10.90 resistance, indicating Keppel is still trapped in the narrow range trading band of between $10.30 to $10.90.
Short term traders may short Keppel on the failed breakout at $10.80 entry with price target at $10.30 and stop loss at $11.
People is me; ghost also me!
LOL!
First trading tip here.
DeleteVirgin luck to anyone who believe in luck!
Virgin luck is the most lucky
LOL!
Got ang pow some more!
ReplyDeleteHee hee.