Posted by drnazir2005 in Uncategorized on May 19 2007
Just back from investment course on Corporate Action .. one of them is Merger and acquisition … It is said that almost every other day in US there are companies doing Merger and Acquisition .. but why bother ? Some people think as a savvy investor it is good for us to know little bit on this corporate action because it will give us an idea how the company is going to perform in short term and long term .. Will write later on some example of M&A action .. the positive and negative outcome .
Posted by drnazir2005 in stock tips on February 10 2007
As forecasted earlier air asia has underwent correction today …
Posted by drnazir2005 in stock tips on February 9 2007
Posted by drnazir2005 in stock tips on February 9 2007
Below are 2 good examples from air asia stock that I follow every day showing that indicators are not always right …
1. Look at the hammer at the end of bearish trend…it was not straight away followed up by a reversal trend until 3 days after that..
2. Look at the price trend below in relation to the volume…theoritically increasing volume followed by coming down price trend indicate selling pressure rather then lost of buying interest … and selling pressure is not good sign and might cause price to drop further rather than expecting a reversal…but in this case …it was end up by a reversal !!!
Posted by drnazir2005 in stock tips on January 30 2007
I guess this is nice example of function of bollinger band … air asia is now touching the support for bollinger band …and looking at volume today ( not enclosed ) it seams that it is lower then previous days..( lesser interest of selling rather than selling pressure ) .. Candlestick also show doji ( uncertainity ) but bias to the bearish since attempt to bring the price higher was unsuccesful .
Theoritically price tend to rebound up ( more likely ) once it touch the support of bollinger band ..and fibonacci support is around the same area ( 1.44 ) .
However market depth for tomorrow is against what it suppose to be as derived from all the indicators whereby more buyers are queing at 1.42 even though more sellers only willing to sell at higher price ( 1114 vs 490 )
But overall I forecasting uptrend tomorrow following the main stream of KLCI … see what happen tomorrow ..bye
Posted by drnazir2005 in stock tips on January 24 2007
There are 4 common use of Bollinger Bands
1. As Intermediate term support
2. As support and resistance ( esp when trend line is not possible
to construct
3. To find good timing when market is about to break out ( use together with bollinger band width )
Posted by drnazir2005 in stock tips on January 24 2007
Hai , I just came back from traders club meet .,, we discuss on bollinger band and bollinger band width ..preety nice indicator .. especially the “coil” theory … will discuss with you further and will give some stock pick to put in watchlist
Posted by drnazir2005 in stock tips on January 8 2007
Air asia static at 1.57 today ….may be contradicting signs between daily and weekly charts neutralized the price …
So how about tomorrow ?
Daily chart :
MA : strong buy
Stochastic : Sell , moving out from overbought zone
RSI : static
MACD : Still buy , but slight negative divergence at MACDH ..
Weekly chart
MA : overlapping but heading up
Stochastic : up
MACD and RSI : flat
Volume : decreasing with
Interest : Buyers (53% ) more then sellers (46%)… showing that table has turned to buyers as compared to last week ..
Candlestick : Doji
Conclusion :
Therefore .. I predict that tomorrow buyers will dominate further looking at buyers number today ….. Even though no clear trend on the market and therefore stochastic should be more reliable and it show sell sign in daily chart …I prefer to look at weekly chart since it is more reliable with less whipsaws and it still going up therefore price should be coming up further tomorrwo ..
Posted by drnazir2005 in stock tips on January 8 2007
Weekly chart -
Price : MA : neutral , Stochastic : buy , MACD : neutral, MACDH positive, RSI : buy ..
Daily chart -
Price ; MA : buy , Stoch : sell ( overbought zone ) ,RSI turning down ( but within buy range ) , MACD buy , MACDH ( very early neg divergence )
Market queue : buyers 700 - sellers 900
Times & sales : last 3 sessions : sellers slightly more then buyers but only by 1-2 %
Conclusion : for short term still hold / buy … ( as weekly chart suppose to filter all the whipsaws in daily chart ..)
Posted by drnazir2005 in stock tips on January 4 2007
Today is the first day of the week … after long PH for aidil adha and tahun baru 2007..As what I have predicted on last entry .. air asia continue its rally .. next move?
1. 200 MA support has been broken , 10MA now crossed 20 MA signalling buy ..
2. Fibonacci next support is 1.65..
3. Candlestick shows strong bullish candle with gapping from previous day close
4. Price momentum was still postive ..even though stochastic has enter overbought zone on daily data … but it is just passing 50 in weekly data
5. MACD still going upwards now exactly on centrepoint .. histogram still not showing negative divergence
6. RSI still going upwards currently at 71%
7. Marketdepth : so-so , not on both sides ( buyers /sellers)
8. News : positve : Fernandez’s other air plane is expetted to get longer route..
Prediction : continue hold to next support .. if broken wait till another support ( 1.75)
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