Wednesday, September 14, 2011

KPJ & Guanchg are still standing

KPJ & Guanchg are still hanging onto their uptrend line. KPJ's uptrend line support is at RM4.20 while Guanchg's uptrend line support is at RM2.50.


Chart 1: KPJ's daily chart as at Sept 13, 2011_plotted on log scale (Source: Tradesignum)



Chart 2: Guanchg's daily chart as at Sept 13, 2011_plotted on log scale (Source: Tradesignum)
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5 comments:

  1. primepengWednesday, September 14, 2011 8:28:00 PM

    hi. I noticed from the graph you'd just drawn, the double lines get closer and closer as it goes up. I am aware that the interval still remain the same, I see the gap between the lines get thinner as it goes up the graph? pls clarify on KPJ. tx

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  2. AnonymousWednesday, September 14, 2011 11:35:00 PM

    Hi Alex:

    i am new to your blog, find some amazing sharing. thanks. what is your assessment of TSH? which has long term promising...

    thanks.

    ReplyDelete
  3. IvanThursday, September 15, 2011 9:04:00 AM

    Hi Alex,

    May I have your comment and technique analysis on KLIC Chart- support and resistence?

    Appreciate if you can attach other regions market charts as well . Thanks

    ReplyDelete
  4. Alex LuThursday, September 15, 2011 3:11:00 PM

    Hi kenny

    TSH is surprisingly strong. Its immediate support is at RM2.95-3.00 & resistance at RM3.20-3.25. Given the strength of the stock, you may be tempted to hold on. However, the strong resistance has capped its upside for the past 3 months. In this challenging time, who knows what may happen next. It may be prudent to take some profit on this position. If you have 10k, take profit on 5k & hold on to 5k. You won't win big nor would you lose big. At time like this, you have to grateful that you are not losing. Better still, if you are making some profit.

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  5. Alex LuThursday, September 15, 2011 3:31:00 PM

    Hi primepeng

    I presume you are asking about the distance between the 2 moving averages (MAs). I believe the distance between the MAs is due to the gradient of the share price movement. If the share price is trending higher at a steep amgle, the distance between the MAs expands. If the price movement is lethargic, the distance would narrow.

    Your observation on this point is not very different from the observation of other technical analysts over the years. They would work on their ideas and new indicators are developed in this way. Over time, some indicators became more effective in spotting a breakout, etc. Sometime the technical analysts would share their indicators with the general public, but more often than not, they will keep it to themselves. Why let out a trade secret?!

    ReplyDelete