patrickstockreading.blogspot.com
Patrick Stock Reading: July 2006
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Thursday, July 27, 2006. Big fish, small fish,. Was monitoring a counter this morning, once the trading started, the volume is practically low and seems to me that there’s hardly any trading and the price seems to stay flat. This continues for more than half hour or more, all of a sudden price moves with increase volume. Moment later saw people start selling at one bids lower from the intraday high and more sell order coming in. Well the buying started and in between saw some big volume being pick up.
patrickstockreading.blogspot.com
Patrick Stock Reading: April 2006
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Thursday, April 27, 2006. CG Tech , China Sky. Sky, a common doji appeared, it may mean an end to the trend or the market is just taking a break. Candle aside both stochastic and MACD has yet to show ive signal. The volume is drying up and to me alone, it’s encouraging and a positive indication. Near term support at 0.96 and resistance at 1.08. Posted by Patrick at 12:42 AM. Links to this post. Saturday, April 22, 2006. Generally if oil price goes up, companies will be hit, including individual. In money...
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Patrick Stock Reading: May 2006
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Wednesday, May 31, 2006. Share my view with a forumer yesterday on Advance Holding and told him in genreal to stay out and to review it after a day or two. Well, went on site visit and unable to monitor the market. Upon return to the office in the evening, checked the counter and was? Guessing that it will go down or at least move side way instead it went up by 2cts compare with the day before. I fired all my available bullet into the market last week and cash out part of my holding now waiting again.
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Patrick Stock Reading: March 2006
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Friday, March 31, 2006. Since this chart was posted 31 march, the px had pullback to near its resistance at 0.89. It open high today and closed 2 cts down at 0.87. Stochastic is making a u-turn, if resistance is not vialated, expecting it to test the support again and if break, 0.79 will not be far way from sight, new low may be on it way. Therefore the deciding factor here is breaking the resistance at 0.89 with increase in volume and px or the reverse and cotinue it down trend. trade with care. Interes...
patrickstockreading.blogspot.com
Patrick Stock Reading: January 2006
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Tuesday, January 31, 2006. MACD consist of two MA, the cross over of these MA is use as signal for buying and selling. It may be use for holding on for a very short term.my posting at Sembkim; "still going strong" = no sell signal. as for the histogram in MACD it was ignore by me, as it is just a mirror of the price movement. (That's how I view it personnally). Stoc - another buy/sell indicator. The over brought/ sold limit is set at 70-30 or 80-20. Anyone set it at 90-10-? Posted by Patrick at 11:28 PM.
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Patrick Stock Reading: June 2006
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Thursday, June 29, 2006. Extract: Federal Reserve policy-makers started a two day meeting yesterday. Markets is expecting a quarter percent point rise to 5.25 percent. However, Washington (reuters) reported that interest rate futures indicate a small chance of half points rasie. 025 market is expecting - so there are selling but may not be strong. 050 market may dump, but since many rate hike ended at 0.50 increase previously, it may be good to monitor closely for some quality buying. What will I do?
patrickstockreading.blogspot.com
Patrick Stock Reading: October 2005
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Sunday, October 30, 2005. Kep T and T. This counter went into range trade after the gap down. Its support level is at $1.01 currently and a breakdown may have a devatating effect. However, indicators are all promising across board. If risk is not a major concern, it may means loading up time. But as trader, active monitoring is necessary and cut loss must be in place to protect capital. Posted by Patrick at 3:33 PM. Links to this post. Wednesday, October 26, 2005. Nearest resistant is at $0.26, this ...
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Patrick Stock Reading: February 2006
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Tuesday, February 28, 2006. This posting is for highlighting of a possible trend outbreak from a horizontal consolidation region. This formation is likely to be applicable to short term trend and not applicable to the four stages of chart pattern, where the bse is formed before an uptrend. Posted by Patrick at 11:55 PM. Links to this post. Monday, February 27, 2006. However do note, the above is history, when trading start tomorrow, it may be a total different picture. Posted by Patrick at 9:15 PM. Petro...
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Patrick Stock Reading: November 2005
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Wednesday, November 30, 2005. UTAC have a strong break out today. One may wanted to wait for the price to pull back after the breakout at around $0.65 -$0.66 to enter into position. However, At time, the pull back may be weak and the rallies contiune with only a slight drop in price. For those who are able to monitor actively, may consider taking position tomorrow and exit accordingly. Well at what price? Can try $0.695 to $0.70. Please at your own risk ok. Posted by Patrick at 9:58 PM. Links to this post.
