2 - Follow-Up Analysis on SMRT (141012)

SMRT Daily Chart

* These indicators and tools are based on my preferences and within my comfort zone. For reasons on why i chosen them, you can view my later blog posts. But i do encourage fellow traders to have their own indicators. Indicators that are "close to their heart". Books can only give you this much, at the end of the day, trading decisions will still have to be made by you. Hence, "YOU" are the weakest link.

 

Chart Set up

1. Daily Chart (Courtesy of Chart Nexus)

Moving Averages

2. EMA 55

3. SMA 35

Indicators

1. MACD (9, 26, 13)

2. Resistance / Support Line

Ok, lets do a little analysis.

 

MACD

1. If you take the advice from my previous comment that i gave with regard to MACD. I actually indicated that it could be a bearish divergence. But to my amazement, it went opposite ways and prices climbed. Hence, i would always like to highlight this. "NOTHING IS 100% ACCURATE!" As of now, observe for possible divergence setup.
   

RESISTANCE AREAS

1. As mentioned during my first posting,i have actually indicated that  $1.73 and $1.675 to be my possible resistance points. Sad to say, $1.675 was broken immediately and prices rebounded up to my $1.73 resistance point. Resistance managed to kick in and prices are currently staying in $1.71 to $1.74 region. I believe that prices will stay within these ranges for the next few periods, if it does break this resistance area, $1.815 would be my next resistance point (Blue dotted line). If it doesn't break, the next support would be back to $1.675.

 EMA 55 (Orange Line) / SMA 35 (Purple Line)

1. Currently, the price is very overbought as it is on top of both of the moving averages. Hence, my concern would be that prices would want to travel back to its fair value. So on the safe side i would not conduct a buy trade at this current moment. I would instead observe the moving averages moving direction, currently both are on the upward trend and hence my fair value is increasing as well. Once the moving average and price are near or touching each other, a rebound might be possible. If you look at the previous periods (Green circles), prices touched the moving averages (Fair value) and rebounded up.

My "Conclusion"

No change to my previous post, I would say that SMRT is still a good investment. Downside is that you may witness some fluctuations in price overtime. If you are a long tern trader, i don't think such price movement would affect you.

For short term investors, its quite difficult to pinpoint where prices might go, but i still believe that its overbought and the possibility of it retracing back to fair value is quite possible.

 

I will be posting SMRT price movement in the next few days to see whether my analysis are accurate. So do stay tune for the next post! 

Lastly, i would like that everyone to share your thoughts. Because we are all here to learn and exchange ideas. I may have left out something which might prove crucial or there are some other indicators which may be better for the analysis. So please share!

  

Whatever i present here is and still is based on my analysis. It does not constitute the setup of a trade. You will have to come up with your own analysis to back your own findings. Heck, i may even be wrong too. But i always manage my risk.

2 - Follow-Up Analysis on Golden Agriculture (280912)

As posted before on my first analysis, this post will be my follow up on Golden Agriculture, lets check out whether my analysis work out like what i mentioned in the previous post. For easy comparison, i have attached the chart analyzed on 240912.

Golden Agriculture (Daily) - 240912

Golden Agriculture (Daily) - 280912

On 240912, i drew two support areas, Red 1 and Red 2. If Red 1 was to be broken, Red 2 would become my support area and hence a  possibility of a rebound. Now we look at the chart on 280912, Red 1 support was truly broken and nearly traveled down to Red 2, after which it rebounded back to my Red 1 . From here, 2 opportunities in my previous post were fulfilled. The play from Support line Red 1 to Red 2 and secondly the rebound from Red 2 to Red 3. "Kaching, Kaching"

"My Conclusion"

Now the interesting part will be whats next.. well, i can only assess. Red 3 has actually turned into my resistance area. Hence i will observe whether price will break through Red 3 and if it does, the play to fair value price might be possible (Blue 1). If it doesn't, a possible play to Red 2 again. Do take note that my fair value price is also very near to EMA 200 (Orange line). My opinion, a strong resistance area if price were to trade towards this region. Again, lets observe and see how it turns out. Do stay tune on my next post! Happy Trading~

Lastly, i would like that everyone to share your thoughts. Because we are all here to learn and exchange ideas. I may have left out something which might prove crucial or there are some other indicators which may be better for the analysis. So please share!

Whatever i present here is and still is based on my analysis. It does not constitute the setup of a trade. You will have to come up with your own analysis to back your own findings. Heck, i may even be wrong too. But i always manage my risk.

Analysis on Golden Agriculture (240912)

For today, my analysis will be on Golden Agriculture. A company which engages in cultivating and harvesting oil palm trees. And refining the crude palm oil into consumer products comprising of cooking oil, margarine, and shortening.

* These indicators and tools are based on my preferences and within my comfort zone. For reasons on why i chosen them, you can view my later blog posts. But i do encourage fellow traders to have their own indicators. Indicators that are "close to their heart". Books can only give you this much, at the end of the day, trading decisions will still have to be made by you. Hence, "YOU" are the weakest link.

 My setup

Chart Set up

1. Weekly and Daily Chart (Courtesy of Chart Nexus)

 

Moving Averages

1. EMA 200

2. EMA 55

3. SMA 35

Indicators

1. MACD (9, 26, 13)

2. Resistance / Support Line

 

Ok, lets do a little analysis.

Weekly Chart

A little tip which i learned from some of my "Shifus" / Masters, if you are not sure where the stock is heading, look at the BIG picture. Hence my weekly chart. Can you see what i see? From Oct 2010 till now, the stock has been making higher lows. Yes, there were times where the price traded down. But using the weekly chart, i can safely gauge that the trend is still on the  uptrend. If there's anyone who doesn't agree with me. Please air your thoughts. Or if you still can't see where the market is heading. I suggest that you get your kid to see it.  I am not kidding, another tip from some of my masters. As adults, we think too much..kids gives the best advice.

Support Areas

If you look at the 2 greenish lines which i have drawn, they could be support areas which the price would rebound. And our current price is touching the uppermost greenish line. If this support doesn't hold. There is the second support below. As of now, we can only observe. I sure hope it would rebound on the first line...

Resistance Areas

Although far from it, i have actually indicated three resistance areas. ($0.81, $0.785 and $0.77) These are points which could cause some resistance in price breaking up. But as of now, we need not worry about them...but i would suggest to take note

 

 

Daily Chart

With the weekly chart giving us a broad picture, now we will zoom into the daily chart.

As indicated earlier, the trend still looks like an uptrend. My support and resistance lines are also within what i have mentioned earlier. Only this time i have added the moving averages into the daily chart. To give you a clearer picture, lets zoom in further.

EMA55 (Purple Line) / SMA35 (Red Line)

Price is actually trading way below the 2 moving averages. Hence i would say that the price is oversold. Coupled with the support lines i have added earlier. This could give an indication that price could turn back to fair value. But if it breaks the 1st support line, there is the 2nd support line to break the fall. (But of course, theoretically it could happen. But do not anticipate. Thing may not go your way). Who says trading is predictable....

EMA 200 (Orange Line)

For now, EMA 200 has actually become a resistance line. Look at the translucent blue circle. Price actually hits EMA 200 and did a reverse down. If prices were to rebound from one of my support lines, EMA 200 might be the line to look for to resist the price breakthrough. Again, have to observe.

MACD

I am not sure whether you can see it, but it looks like MACD is making higher highs while price is making lower highs. Hence a bullish divergence.(Refer to the red arrows). Very subjective, some may not agree with me. But i would use this as indication if the current price rebounds from my support lines.

My "Conclusion"

I would say that if the price does not break the support lines and in fact rebounded. I might go long for the long term. I will then observe the price movement if it touches EMA 200. 

Furthermore, i believe the price is oversold. Hence climbing back to fair value could be possible.

For short term investors, there are various opportunities in playing this game. One of them would be the play from Support line (Red 1) to Red 2 or the rebound from Red 1 or Red 2. Again, up to your risk appetite. I am quite Kiasee, long term would be good for me...did i mentioned Golden Agriculture also give dividends?

 

I will be posting Golden Agriculture's price movement in the next few days to see whether my analysis are accurate. So do stay tune for the next post!  

 

Lastly, i would like that everyone to share your thoughts. Because we are all here to learn and exchange ideas. I may have left out something which might prove crucial or there are some other indicators which may be better for the analysis. So please share!

Whatever i present here is and still is based on my analysis. It does not constitute the setup of a trade. You will have to come up with your own analysis to back your own findings. Heck, i may even be wrong too. But i always manage my risk.

Analysis on SMRT (210912)

I apologize for the tiny words being presented in my daily chart of SMRT (S53). The setup for the indicators which i normally used for technical analysis are as follows:

* These indicators and tools are based on my preferences and within my comfort zone. For reasons on why i chosen them, you can view my later blog posts. But i do encourage fellow traders to have their own indicators. Indicators that are "close to their heart". Books can only give you this much, at the end of the day, trading decisions will still have to be made by you. Hence, "YOU" are the weakest link.

Chart Set up

1. Daily Chart (Courtesy of Chart Nexus)

Moving Averages

1. EMA 200

2. EMA 55

3. SMA 35

Indicators

1. MACD (9, 26, 13)

2. Resistance / Support Line

Ok, lets do a little analysis.

Resistance areas

1. If you looked at my chart, i have actually drew a blue line stretching from the top to the next lowest high. (Which is around April). Apparently, our current price is very near to our resistance point. Hence i would be cautious on buying as that could be a possible resistance area.

2. Secondly, i also plotted 2 dotted lines, prices at $1.73 and $1.675. They used to be support lines for quite a long period. But since they were broken a while back, i have actually treated them as resistance areas. If you look at the current price,  $1.675 has proven to be a resistance area for few weeks now. Hence buyers beware.

Ok, so far so good for the general outlook, lets zoom into the chart to analyze further with the use of the rest of the indicators. I have provided a chart that is maximized to the period of 2012.

MACD

1. If you look closely at the red arrows. What do you see?? Bearish divergence?? (For information on bearish divergence, please look at my other blog postings). Prices are going higher, but MACD is going lower. Again, my advice would be "Buyers beware"

EMA 55 (Purple Line) / SMA 35 (Orange Line)

1. I used this moving average as an indication of whether the prices are overbought or oversold. Currently, the price is slightly overbought as it is on top of both of the moving averages. And price could be trading towards its fair value (The space between EMA 55 and SMA 35). Also SMA 35 is traveling above EMA 55, hence slightly bullish. But do look out when it crosses the EMA 55 line. Price may turn opposite way.. Which is for this case, possible back to fair value

EMA 200 (Pink Line)

1. Another moving average which i refer to frequently, currently the price is trading along the EMA 200 line as well! Resistance or Support? Well, have to wait and see...

My "Conclusion"

Well, for the long term. I would say that SMRT is a good investment. Downside is that you may witness some fluctuations in price overtime. If you are a long tern trader, i don't think such price movement would affect you. Plus, they do give good dividends although much lesser compared to the previous round.Hopefully, there would be another one in November. :)

For short term investors, i would advice to observe. The "mini" uptrend from June till now may be slowing down..If you were to conduct impulse trading, trade at your own risk.

I will be posting SMRT price movement in the next few days to see whether my analysis are accurate. So do stay tune for the next post! 

Lastly, i would like that everyone to share your thoughts. Because we are all here to learn and exchange ideas. I may have left out something which might prove crucial or there are some other indicators which may be better for the analysis. So please share!

  

Whatever i present here is and still is based on my analysis. It does not constitute the setup of a trade. You will have to come up with your own analysis to back your own findings. Heck, i may even be wrong too. But i always manage my risk.

Global Test market : Earn money by doing surveys

While surfing the web using stumbleupon, i happened to chance upon Global test market. Altough it stated that i can earn money by completing their survey, i was quite sketical and haphazardly believes that its a hoax. But then again, curiosity got the better of me and i decided to sigh up for an account. What the heck, i got nothing to lose right? I never regreted ever since.

For the first few months, surveys sent to me were quite slow. Typically around 2-3 survey, but i still continued to do it anyway. Some were short which typically took around 5 - 10 mins, while there were a fair share of lengthy ones but they generally last about 45 mins. After about half a year(yes, its abit SLOW, but i was determined), i managed to clock 1000 points. Quickly, i carried out a redeem and waited for my $US50. It took the cheque a month to reach my mailbox, in between i nearly forgot about it but i was surprised when i really got the money, i banked in the cheque and it was legitimate. I was $US50 richer. A slow way of earning money, but at least its not a hoax. Below are a list of pros and cons for your comparison. And if you wanna join, link is provided below as well. Happy Surveying and a Merry Christmas!!

Pros:
- Surveys increases once they deem you are active
- Get 1000 points and you earn US$50
- Legitimate
- Surveys are sent you via email and you are required to click the provided link
- Surveys are typically short and simple, longest i took was about 45 mins
- Great for students and housewives
- Do it at your own free time, but surveys can get expired if you ignore them for too long

Cons:
- You might be surveyed out if they feel that you are not suitable for the survey. But you still get a minimum of 5 market points
- Cheque sent to me via mail, but it took them quite some time to reach me. I got it around a month later once i submitted to claim my rewards
- Only cash rewards, i was hoping for other rewards though
- You can only claim $US50 once you have reached a min of 1000 marketpoints

Interested? Click the link provided. **I don't get paid for this recommedation though, purely out of sharing my likes. :)
https://www.globaltestmarket.com/index.php

Cheers
Shawn

What i believe when it comes to trading

These are just my thoughts and i would like to share on the funny things about trading. It may sound senseless to you but i hope that someone do agree about it or felt the same way like i do during the course of learning and starting to trade stocks using your own hard earned money.

1. Praying doesn't help...what goes up will come down and down and down

I always fall into this trap when i was new to trading. Being ignorant, whenever a particular stock price goes in the opposite direction, there is always a mindset that i should hold and wait for the best. This stock will eventually rise and make profits. When weeks passed and months approached, i started praying. God, please make this stock rise, i will stop humiliating my brother and treat him nicer. Just when i couldn't wait anymore and seeing that my funds are depleting, i got out with huge losses when i could have lose lesser if i got out earlier. To add more salt to the wound. God answered my prayers too late and the stock shot up the ceiling while i continued to lick my wounds and cursed myself for not holding... If this sounds familiar to you, welcome to the club. You are not the only one.  My suggestion to such situation is to put a stop loss or give yourself a tolerance level, how much are you willing to lose.Set that level and sell when it is reached. Pick yourself up and carry on trading. Dont give up.

2. Ask if you are not sure!!

Throw out your ego when trading. Don't always think that you are right and worst of all, do not "Assume". Ask someone for help whenever you are not sure on how to trade, i have seen people blindly keying wrong figures and instead of buying, they short sell. Imagine the amount of losses you could make if you do not verify!! 

3. Don't impule buy because your friend says this stock is a runner

Would you go to war not wearing your protective gear or fight your enemies without carrying your weapons?! I hope your answer is no... Just like war, you need to arm yourself before buying a particular stock. Have you done a analysis or a simple study of the company? Have you taken a look at the chart? Fundamentally is it sound? Technically is it right? If you are not sure of what this company does, don't even do a impulse buy. I would rather miss this opportunity than to lose money without making preparations.

4. Crying over spilled milk (You lost money in a trade)

Get over it! So what if you make a mistake, who doesn't! Look at Bush, he's doing fine...wounds will become scars, they heal eventually.

Video Log 281210 - Killer Presentations

The thing i like about Youtube is the massive amount of content and information you can find just by typing the thing that you want and click "search". Tons of videos at your fingertips and you are practically spoilt for choice. This video which i personally liked is about how you make killer presentations to the general public. The tips which he gave are so true and we sometimes just did not notice that they could make such an impact to your presentation. Please spare around 8 mins of time and view this video, i guarantee you will not regret it!