At long last...managed to get back my car after nearly in workshop for 10 weeks due to accident on 17/2. Just crazy....but what to do.
For stock trading....got totally wiped out by just 1 stock - SMIC HK0981, lost 50K in 5 weeks. Shit head...what am I thinking? Sighed!
4D...no smell too plus no gut feeling too. No hope....now with my car back maybe may
start to have the "feel" again? Hope so.
Job....still hanging on to the same routine.
Outlook....with less trading due to negative funding at the moment till I do a top-up for my MFG fund, I will be a free man....will do more swimming, sauna, gym and fish feeding in the coming weeks...esp now and June ( football world cup - market will be quiet ).
Friday, May 07, 2010
China Animal Health - in Nice Waves on an Up Trend
China Animal Health seems like trading in Nice Waves on an Up Trend. The wave pattern and support / resistance fit nicely on Fibonacci Fan and Fibonacci Retracement Levels. The Uptrend support (green line) fits exactly to Fibonacci Fan (purple lines) at 38.2% line. Whenever the waves hit this 38.2% lines of Fibonacci Fan (green shaded areas), the stock bounces off and form a new high.
Base on the pattern, it is predicted that China Animal Health may test the 38.2% lines at about $0.27. If the stock price bounces of this $0.27 support level, it will test the previous high of $0.36 and may possibly continues the "Waves Pattern in the Fibonacci Fans" if this $0.36 resistance is broken.
It looks attractive to me to enter at $0.27 with a potential upside 33% to reach $0.36 or even higher. However, it is important to wait for the candlestick pattern to reverse before entering the trade.
Copied from another blog....for my own personal reference on the stock only.
Base on the pattern, it is predicted that China Animal Health may test the 38.2% lines at about $0.27. If the stock price bounces of this $0.27 support level, it will test the previous high of $0.36 and may possibly continues the "Waves Pattern in the Fibonacci Fans" if this $0.36 resistance is broken.
It looks attractive to me to enter at $0.27 with a potential upside 33% to reach $0.36 or even higher. However, it is important to wait for the candlestick pattern to reverse before entering the trade.
Copied from another blog....for my own personal reference on the stock only.
Crazy wild swing for US markets - a wake-up call?
Yes...with the daily triple digits melt-down on the Dow, all other markets will also follow and almost everyone who has any thing to do with stock markets "suffers" esp for those on the "long" side and still holding to their shares.
My fund...of 50K was totally wiped off during this 5 crazy weeks and that is the danger of putting all the eggs in one basket. Prime example....WFT was I thinking.
Now...even showing a minus sign which meant that I still owe the MF Global $221 but
since my top-up was not yet reflected in their system. SHIT!
Again...the Dow market dropped another triple digits fall with all 3 US indexes are having a bad day. So come Monday....mati again here! For me...the worry is how my CPF investment fund will be doing esp since I may need the funds for getting a replacement flat.
Well.....just take it as a lesson learned, I shall be back hehe!
My fund...of 50K was totally wiped off during this 5 crazy weeks and that is the danger of putting all the eggs in one basket. Prime example....WFT was I thinking.
Now...even showing a minus sign which meant that I still owe the MF Global $221 but
since my top-up was not yet reflected in their system. SHIT!
Again...the Dow market dropped another triple digits fall with all 3 US indexes are having a bad day. So come Monday....mati again here! For me...the worry is how my CPF investment fund will be doing esp since I may need the funds for getting a replacement flat.
Well.....just take it as a lesson learned, I shall be back hehe!
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