The market has run on sideway for last 6 day after CI reached to 939 , and we have mentioned on 31July06 (last post comment section) that the market will profit taking ;
1)The current support for the profit taking is located at 926 to 928.
2)926 can not be broken, else it will go correction which to be support at 913.
At this point of time , the bullbear indicator still in uptrend but we also need to cautious , because the market has been raised up to 35 points from its recent low (900).
Happy trading
12 comments:
hi sagil,
the market still sideway, so how aout eden and leader?
Eden - as long as its above 0.50 , we consider it on uptrend.
Leader also at uptrend, it support at 0.48
The profit taking will be hearthy if the CI aboce 926, and if CI can breakthru 940 will be another higher level stage.
A profit taking is a must in a uptrend market, as long as it still above 926 , the market strength still intact.
New good momentum counter for today; Impress , afternoon close at 0.23
hw do u think impress will fo further based on yr TPS?
chart and price pattern already tell us.
hi sagil,
how do u think leader n eden? still have strength to move up?
Market now is cautious on FOMC meeting .
For BCT, my cut loss point will be on 0.70
For Eden and Leader, its has break my support line and we have to do something.
hi sagil,
eden and leader already break your support level, what you mean is that we must cut loss if today they still cant move up and maintain your support level? cant i follow your TPS technic that if today open price lower than yesterday and at 11am still cant above 9am price, so we must cut loss?
Eden , Leader , Tebrau and etc will be re-bound back soon , we need to monitor closely.
Disclaimer:
1)The counter and market view which post in this blog is base on the TPS method and is for my own tracking purpose.
2Those who have follow the counter which stated inside this blog, you have to set your cut loss point.
3)However, the trading decision is base on your own judgement.
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