tag:blogger.com,1999:blog-33628523166473817562012-01-19T02:54:39.758+08:00jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.comBlogger331100tag:blogger.com,1999:blog-3362852316647381756.post-62047727301162538952012-01-19T02:54:00.001+08:002012-01-19T02:54:39.768+08:00

Just when you thought, it's game over, it's actually nearing its trek uphill. Nice to watch the daily chart but tune in to the 10minute chart and you will see the magnificent work of art.... the art of putting you in a state of slumber then like a thief in the dark night, it will fly. 10 minute chart: The 32MA is crossing the 65MA. Also the floor support is holding especially at the 

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-19054725787503038462009-11-03T15:07:00.003+08:002009-11-03T15:58:51.159+08:00

My favorite UPM. Lazy lousy stock... but one of my favorite for months now (including another questionable favorite UW). Why? Its very predictable and its giving me regular profit just moving in and out on its up and down movement. I was asked once what's in the chart. Here you'll see it's out of the major downtrendline but slopes down with that trendline inside a downward channel. A new upward

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-12706620031617574362009-08-06T11:55:00.004+08:002009-08-06T12:20:18.915+08:00

Yipee! UPM breakout today at 0.0090. At the current level of .011, my position already gained 50% from entry if I only hold(Previous UPM disclosure here). But since I believe that this is heading up but too slow to reach break out point, so I traded this along the way to satisfy the itch of my hand to trade and also to brush away the impatience during price consolidation (Example buying .0075 and

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-56867621112023607552009-07-14T23:13:00.005+08:002009-07-15T01:06:41.150+08:00

Just have some time tonight and bored surfing the net, I decided to post disclosure on the trading that I made for the week. I might be doing this regularly (might if my time permits). I have seen some stocks fly and I was afraid to chase the prices so I didn't get into position. I decided to look for other penny stocks that are left behind and might have the potential to be 3bagger for this

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-91372382764321883132009-06-18T23:42:00.006+08:002009-06-19T01:30:19.632+08:00

Many are worried that DOW fell already from support. Remember the breakout from the second downtrendline (pls click here to see old post)? Let us now zoom in at the junction (see chart at the left). That line is holding well. Yesterday's drop was catch by that line and bounce back to form a doji. That's my good news for you. The bad news- though the line is catching it, the line is on a

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-75239552914035636632009-06-17T00:42:00.006+08:002009-06-17T01:03:12.900+08:00

MEG is moving inside an upward bias channel. Did you notice that MACD gives a red signal everytime price touches the channel. Note 3 and 8, 5 and 9, and 7 and 10. Let's see if MEG will bounce at the channel support and stay inside the channel. If it does, then its a perfect entry since reward is 3X higher than risk. Pls note the volume on OBV. Many are just holding. No exodus of the real

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-7770763420884709952009-05-29T00:39:00.007+08:002009-05-29T01:44:28.306+08:00

The gap should serve as support. If its broken, the line support will be the next catch. I regret I haven't look at the chart earlier for the OBV have given an obvious signal even before the actual breakout from the consolidation channel happened at .10.   It's risky to position at this level. Only for the very quick tsupitero. Oj_z congrats!

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-67212758483767721132009-05-28T11:49:00.003+08:002009-05-28T12:16:30.814+08:00

I'm bias on untog. I feel that there is still a third line that is to be formed on that junction of the opposing force of the upward and downward arrow. That third line might complete the whole downward trend then we go to the next bull run. The third line could be short than the second downtrend line but angle might be bigger. The second downtrend line takes a year. How much kaya ang third line?

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-60502528238843927462008-10-20T01:08:00.003+08:002008-10-20T01:32:23.888+08:00

Here's another practice lesson on drawing trendlines. I'll be using MEG because the decline last week is really described as mega, as in super. It's as if its rushing to touch the support line which is drawn by connecting the low of Oct 1, 1998 and the low of May 30, 2003 then project the line to the right. Yes, we are now at the 10yrs support line, the first 2 points have 5years in between. Five

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-57850325719618546722008-09-04T01:04:00.012+08:002008-09-04T02:21:51.540+08:00

I am often asked how do I draw the lines. For one to determine the risk and the reward of a certain stock, he/she must first know how to draw the resistance (reward) and support (risk) lines.Two basic rules to remember in drawing the lines:1) Resistance line connects the highs2) Support line connects the lowsTo show some illustration, I'll be using PAX chart for our study. In our chart, I draw

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-87328735447601407422008-08-07T03:24:00.005+08:002008-08-07T04:40:23.327+08:00

A nice example of the so called Continuation Gap. It appears halfway through the move thus it is also known as Measuring Gap. The Continuation gap is shown here as Gap2 and Gap3 (notice that opening of Gap3 is halfway the peak of the run-up). Prices will first peak, reverse and filled the Continuation gaps in time then trend up again (the continuation of the uptrend). Gap 3 was filled last July

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-40447027521335377222008-06-09T06:16:00.002+08:002008-06-09T06:49:18.423+08:00

Wanna ride LIHC? Buckle your seatbelt for the angle of inclination is so steep.The inset box show the full chart since Nov 2007. LIHC is moving in a descending channel and got out last April 2008. Let's now zoom in on the short term trend after that. It consolidates inside an ascending triangle and breakout last June 3, 2008 then corrected the next day. Since this is already in the watchlist of

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-23822054195114031762008-05-20T02:11:00.003+08:002008-05-20T02:26:15.895+08:00

My Pick? SINO? It's a breakout at 0.28 both on the downward line from Oct 2007 and on the upward line from Dec 2006. There's a resistance at 0.30 but major resistance is at 0.36. If 0.36 will be taken out, price action could probably lead us to 0.50. Compute risk at support which is 0.28 and reward at 0.36.

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-37986114637631697232008-04-26T17:05:00.004+08:002008-04-26T17:44:42.839+08:00

With the downstream Phisix, the search is on for those stocks that is swimming against the current. Scanning the technical signals of the index stocks, two stocks catches my attention - SMC and URC.Let me first feature the chart of SMC. This stock broke free from the downtrendline formed by connecting the highs of July 16 and Oct 2, 2007 but its rise was halted at 46.5. It corrected after that

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-88613376219671718572008-04-21T15:43:00.002+08:002008-04-21T16:27:46.646+08:00

Phisix did not follow DOW movement today. Let us see its movement to see the risk and reward of getting into position.Looking at its short term trendline, P6 had broke out from the downward line formed connecting Jan 2 and Jan 15, 2008 high. Although it's above the downward line, it slides down with the line. A resistance line was formed by connecting Feb 5 and Mar 6, 2008 high. Let's call this

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-2877520782753703012008-04-19T10:54:00.005+08:002008-04-19T18:19:01.822+08:00

More than the close, I am observing the high. If you are monitoring the level where the lines will crossed at the sidebar, the high for April18, 2008 (12,893.98) have touched the major downtrendline (for April 18, line 2 = 12,895). Another major observation, line 1 which is the short term uptrend line (for April 18, it is at 12,763.42) is crossing the horizontal resistance at 12,768.Although the

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-74359791814982417062008-04-14T09:58:00.004+08:002008-04-14T12:03:21.429+08:00

This was a long delayed answer to Pat's request. Good news and bad news!The good news first. 1) The price break free from the downward price channel. The resistance line of the price channel is now serving as our support. 2) The price also breaks the ceiling of the box that has been holding it in condolidation inside the price channel (ceiling is at P10.00). For the bad news, I know you'll see

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-21064459350503313342008-04-12T10:08:00.004+08:002008-04-12T11:16:19.975+08:00

50MA crossed back down 32MA.The 32MA had formed a flat line for about 3 weeks which could have meant that the price could already be consolidating. PAX attempted to break free from the consolidation last April 4, 2008 but failed. After that, the 32MA have exhibited a downward slope which should caution PAX trader that the price could revisit the recovery line (Line 1) which will be crossing April

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-11306607543417265512008-04-12T08:01:00.006+08:002008-04-12T09:40:13.148+08:00

Last Thursday, TUNA break from the price channel support (LINE 1). If you are strict in adhering with your risk reward strategy, you have exit your position when the line was broken.I have revisited TUNA to see where the next support is for that will give me the re-entry level. Although the price is still within the upward channel in the last week of Feb 2008, a consolidation box have started to

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-79580997987386493922008-04-12T07:39:00.002+08:002008-04-12T08:00:09.599+08:00

The short tem uptrend line (line 1 = 12,511.71) is broken with DJIA lowest at 12,302.06. Line 1 is now serving as resistance. Let's see on April 14, 2008 if DJIA will get back on line 1 which will be crossing at 12,553.67 or heads down further. Check the DJIA line update on the sidebar to monitor the levels. We are looking closely on the lowest of the day and not the closing. Line 3 can provide

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-74469217522669588432008-04-11T06:22:00.002+08:002008-04-11T06:35:02.554+08:00

To let you have an update on where the lines will be crossing for the day, I have added an additional feature on the sidebar. This I call Lines Update. As critical lines need to be watch, I will be posting the exact price the lines will be crossing on a certain date. Charts may be updated too from time to time, so make sure you click on the chart to be able to follow the lines.Initially, I will

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-77785591468033220942008-04-10T07:04:00.009+08:002008-04-10T08:50:34.185+08:00

Phisix market sentiments are affected by DJIA so I decided to post here how I see the DJIA movement.Last March 14, 2008, DJIA is a long black candle closing with -194.65 but there was a smile on my face. Seeing blessing amidst adversity, I made a call that we are on our way to recovery and the possibility that we have already seen the bottom for as long as the line formed by connecting the lows

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-61495779546507559042008-04-08T07:13:00.007+08:002008-04-08T08:36:30.644+08:00

Pat have requested this before but since I saw a bearish chart just like OV, I decided not to post the OPM chart anymore. But with a follow-up request from Roiking, I gave OPM a detailed look.I have always been fascinated by the box theory of Nicholas Darvas. Tracing back from January 2005, we can see that OPM is in uptrend with boxes forming a pyramid. When all of a sudden, it was disturbed from

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-28765280464038082232008-04-03T12:32:00.002+08:002008-04-03T12:54:38.503+08:00

With reference to our TUNA chart in the previous post "Something's Cooking With Tuna", support of price channel will be crossing tommorrow at 1.90 and resistance of the price channel will be at 2.30. At 1.98, risk is at .08, reward is at .32 and risk reward ratio is 0.27 (.08/.32). At 2pesos, risk reward ratio is still at 1:3 (risk reward ratio at 2pesos is 0.35).Still a BUY at 2.

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-65058999038436271172008-04-01T12:29:00.004+08:002008-04-01T12:47:52.865+08:00

Refer back to PAX chart in the previous post, the recovery line will be crossing tommorrow at 3.23. PAX at 3.35 is a good buy (that is if you can still buy PAX tommorrow at 3.35). Risk is at 3.35-3.25 (price based on fluctuation) = 0.1, reward is 3.70-3.35 = 0.35 therefore risk reward ratio is 0.28.

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-26197949639395060842008-03-30T05:29:00.006+08:002008-03-30T07:27:37.898+08:00

PX price last Friday stopped just below line2 resistance (6.65).In computing for risk reward ratio for PX, we first draw the major resistance line which is the high of Nov 9, 2007 and Mar 4, 2008. We then make three duplicate lines and move it to lower resistance points and gaps. From these 4 perfect parallel lines, we take our supports and resistances. Line 1 resistance is at 7.49 and Line 4

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-38013382667189570122008-03-28T03:14:00.004+08:002008-03-28T04:04:16.785+08:00

Tuna made a run up yesterday. The 5MA already crossed the 35MA (1), volume is twice volumeEMA (2), stochastics already signal a BUY (4). The only concern is the MACD (3). For some traders, they will wait for the MACD to signal a BUY too. Without the MACD confirmation, it will be a risky trade.So if you plan to buy TUNA, compute your risk reward ratio before entering a trade. It closed at 2.00

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-23800695197837848592008-03-27T03:03:00.012+08:002008-03-27T05:56:06.997+08:00

Usually the stocks that you'll see here are those that I have in my portfolio (The only stock I have right now is PAX) thus I am monitoring if it will break support line or when it's time to sell. I am also studying some stocks I plan to buy like BRN so I can determine the right entry point.Let me deviate on this for a while and will give in to Pat's request of featuring OV, OPM and PCOR.

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-68271669129427044612008-03-27T02:42:00.004+08:002008-03-27T02:51:28.896+08:00

I am delighted to know that the few who have already visited this site messaged me that they like this site. Thank you. I'll be more than delighted if many reading this blog will learn how to draw the lines of support and resistance, identify where those support and resistance are, know how to compute for the risk reward ratio and be equipped in deciding when to enter and exit a trade.

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-48091013955272785472008-03-26T17:22:00.003+08:002008-03-26T18:15:53.079+08:00

Aside from the support and resistance lines drawn by connecting the lows or the highs, gaps are also levels of support and resistance. One nice example today is BRN. The gap up at 3.20 last Jan 21, 2008 serves as the resistance on the run up that happen today at BRN. The support was provided by the high of Jan 18, 2008 (3.05). If you intend to enter, wait for a retracement where resistance is

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-47992819223072909212008-03-26T01:01:00.007+08:002008-03-27T01:36:33.182+08:00

Let us start studying risk reward ratio using PAX data. I have removed the overall picture and just focus on the data from Feb 15, 2008 - March 24, 2008.In determining the risk reward ratio, I first assess where my support and resistance are. The support line (labeled recovery line 1) is drawn by connecting the low of Feb 15, 2008 (2.95) and the low of March 11, 2008 (3.10) and extended to the

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-72604092373315986442008-03-25T04:57:00.004+08:002008-03-26T02:01:02.784+08:00

In trading the stock market, there is always risk and there is always reward. I'll start by defining these terms in the simplest way I can. Risk means the potential amount of money that you will lose in a trade and reward means the potential amount of money that you can earn from a trade. The ratio shows the relationship of the two. The risk reward ratio is derived by dividing risk by the reward

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0tag:blogger.com,1999:blog-3362852316647381756.post-53867785314693793692008-03-23T03:31:00.000+08:002008-03-23T03:40:24.653+08:00

Finally, my technical analysis charts found it's own place. Just creating my first post to get the feel of this house.

jinghttp://www.blogger.com/profile/01993203609525832593noreply@blogger.com0