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Post by zuolun on May 30, 2014 10:19:57 GMT 7
"A stock is never too high to buy and never too low to short." — Jesse Livermore Silverlake — Bullish Bollinger Band BreakoutSilverlake had a white marubozu @ S$1.025 (+0.025, +2.5%) with thin volume done at 1.19m shares on 30 May 2014 at 11.10am. One of the Elliott Wave rules stated that Wave-3 cannot be the shortest wave. - Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
- Rule 2: Wave 3 can never be the shortest of the three impulse waves.
- Rule 3: Wave 4 can never overlap Wave 1.
Usually for commodities, Wave-5 will be the longest wave; while for stocks, Wave-3 will be the longest wave and a minimum target for Wave-5 is 100% of Wave-1.
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Post by zuolun on Jul 8, 2014 14:40:07 GMT 7
Silverlake — Bearish Symmetrical Triangle BreakoutSilverlake had a hammer @ S$1.14 (-0.005, -0.4%) with 1.53m shares done on 8 July 2014 at 3.35pm. One of the Elliott Wave rules stated that Wave-3 cannot be the shortest wave. - Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
- Rule 2: Wave 3 can never be the shortest of the three impulse waves.
- Rule 3: Wave 4 can never overlap Wave 1.
Usually for commodities, Wave-5 will be the longest wave; while for stocks, Wave-3 will be the longest wave and a minimum target for Wave-5 is 100% of Wave-1.
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Post by zuolun on Nov 13, 2014 13:25:17 GMT 7
Silverlake — Double Top Formation, biased to the downsideSilverlake had a bearish Three Black Crows chart pattern @ S$1.29 (-0.045, -3.4%) with 1.43m shares done on 13 Nov 2014 at 2.35pm. Immediate support @ S$1.27, immediate resistance @ S$1.335. John Templeton said “The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"...."It makes sense that when most investors are bullish, asset valuations would be high, because everyone has already bought. The opposite is also true. When most investors are bearish, asset valuations are low, because everyone has already sold." “机会总在绝望中诞生,在质疑中成长,在希望中成熟,在疯狂中死亡。” — 邓普顿Silverlake (weekly Jan 2009 to 13 Nov 2014) — The Elliott Wave Chart PatternSilverlake (monthly Jan 2009 to 31 May 2014) — A flying dragon
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Post by zuolun on Jun 2, 2015 11:06:46 GMT 7
Silverlake ~ Fall off the cliffSilverlake traded with a long-legged hammer @ S$1.06 (-0.105, -9%) with 6.77m shares done on 2 Jun 2015 at 1200 hrs. Immediate support @ S$1.00, immediate resistance @ S$1.135. Silverlake (weekly Jan 2009 to 13 Nov 2014) — The Elliott Wave Chart Pattern
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Post by zuolun on Jun 8, 2015 10:48:50 GMT 7
sptl123, Based on the EW pattern, Silverlake had peaked in early-Apr 2015 and completed the impulsive 5-wave up; it's now riding on the corrective A-B-C Wave down. Never catch a falling knife — oldman A falling knife in the stock market refers to a stock that experiences a sharp decline and it may collapse > 50% from its breakout/pivotal point, b4 bottoming out. 横看成岭侧成峰,远近高低各不同。 不识庐山真面目,只缘身在此山中。Silverlake ~ Bear Flag Breakout / Bearish 5-wave major trend reversal, interim TP S$0.865 Silverlake had a long black marubozu and traded @ S$0.96 (-0.085, -8.1%) with high volume done at 15.1m shares on 8 Jun 2015 at 1215 hrs. Immediate support @ S$0.93, immediate resistance @ S$1.04. Silverlake (weekly 2 Jan 2012 to 5 Jun 2015) ~ The Elliott Wave pattern; riding on the corrective A-B-C WaveSilverlake (weekly Jan 2009 to 13 Nov 2014) — The Elliott Wave Chart PatternBro Zuolun, " 已有的事,后必再有。已行的事,后必再行。日光之下并无新事。" Silverlake Axis Closes with a long black bearish candlestick @ 1.045(-$0.025,-2.34%) with 2.942 million traded on 5th June 2015. [Dow Jones 27 May] DBS Vickers Securities downgrades Silverlake Axis (5CP.SG) to fully valued from hold and cuts its target price to S$1.08 from S$1.35. DBS says it downgraded the IT firm on "valuation grounds." DBS notes that the company rejected allegations in a media report that it may have engaged in irregular financial reporting in the past. Silverlake Axis down -18% since the DBS downgrades report or -21.5% from the recent high on 15th May 2015. Short sellers in the last 4 days drying out. Play the re-bounce? Entry price, trailing loss and exit points are indicated on the following two charts; the first one is more aggressive than the 2nd chart. Based on risk/reward is a Go-Go ( -4.3% up to +23%) However, Bro Zuolun, need your wisdom and advices before Go-Go-Go. Retracment from 9th April 2015
Retracment from 15Th May 2015
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Post by zuolun on Jun 9, 2015 22:50:07 GMT 7
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Post by sptl123 on Jun 9, 2015 23:27:37 GMT 7
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Post by zuolun on Jun 9, 2015 23:59:13 GMT 7
sptl123, History repeats itself. Silverlake has plenty of big supporters heavily vested in the stock; similar to Ezion. Initially after the share price had plunged, everyone tried using their lips to lift up the share price; look at Ezion's current share price now and then. Ezion ~ Bearish Gartley BreakoutEzion closed at day's low with a black marubozu @ S$0.99 (-0.03, -2.9%) with 10.9m shares done on 9 Jun 2015.
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Post by roberto on Jun 15, 2015 20:01:18 GMT 7
Young chap, seems like relatively new blog? I quite like his style of analysis: Silverlake AxisAnother inspiring young person's take: Recent Action - Silverlake Axis
Always had the impression young people (I am not that old), in early twenties maybe, are not interested in investments. Refreshing to see such posts as they probably understand the importance of starting early.
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Post by sptl123 on Jun 23, 2015 21:56:07 GMT 7
Bro zuolun,
Silverlake Axis closed with a long black Marubozu @ S$ 1.195 ( -0.055, -4.4%) with 4.056 million shares traded on 22nd June 2015. Silverlake Axis closed with a long black Marubozu @ S$ 1.13 ( -0.065, -5.44%) with 4.624 million shares traded on 23rd June 2015.
Silverlake Axis dropped 10% in the last two days remind me of your classic " 上楼爬楼梯,下楼坐电梯。(Going up slowing by climbing the stairs, coming down quickly by taking the elevator.) .
It also remind me of your advice: " Always remember to take some profits off the table; it's when you sell that counts. 花开堪折直须折,莫待无花空折枝."
Most of all: "技术分析:一代过去,一代又来。地却永远长存。日头出来,日头落下,急归所出之地。风往南刮,又向北转,不住地旋转,而且返回转行原道。江河都往海里流,海却不满。江河从何处流,仍归何处……。已有的事,后必再有。已行的事,后必再行。日光之下并无新事。"
再次感谢大哥救了我.
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Post by zuolun on Jun 25, 2015 16:38:54 GMT 7
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Post by sptl123 on Jun 26, 2015 0:01:28 GMT 7
Bro zuolunSilverlake Axis closed at S$1.14 (-0.03, -2.56%) with 2.704 million shares traded on 25th June 2015. Emerging AB=CD Pattern. TP= S$ 0.83 as what you have projected previously. Bro Zuolun would you open short at Silverlake Axis? If you do, let us know so we could follow and provide support fire to shoot it down.
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Post by zuolun on Jun 26, 2015 7:54:17 GMT 7
Bro zuolunSilverlake Axis closed at S$1.14 (-0.03, -2.56%) with 2.704 million shares traded on 25th June 2015. Emerging AB=CD Pattern. TP= S$ 0.83 as what you have projected previously. Bro Zuolun would you open short at Silverlake Axis? If you do, let us know so we could follow and provide support fire to shoot it down. sptl123, Silverlake peaked @ S$1.46 (point x or point 5) on 6 Apr 2015 and had completed the impulsive 5-Wave up; it's now riding on the corrective A-B-C Wave down. Its share price collapsed S$0.53 or 36.3% to S$0.93 (point a or point A) on 8 Jun 2015. It then rebounded to S$1.25 (point b, the 38.2% Fibonacci retracements) on 22 Jun 2015. Yesterday, 25 Jun 2015, Silverlake closed with a spinning top @ S$1.14 (-0.03, -2.6%). The Gartley pattern is a subset of the Elliott Wave pattern, based on the corrective A-B-C Wave; the potential AB=CD pattern is likely to 1st hit S$0.995 (point c, the 88.6% Fibonacci retracement level) and then rebound to point d or point B (the target projections or resistance levels can be anywhere @ S$1.335, S$1.37 and S$1.41), b4 it continues its downside movement to form a lower low @ S$0.805 or point C, the 123.6% Fibonacci retracement level (depending on point d or point B, the target projections or support levels can be anywhere between S$$0.905 to S$0.805). Should this scenario (Fibonacci retracements ratio) materialise, Silverlake would have completed the Bearish Gartley Bat pattern @ S$0.805 or point C. For short-trades, take note Silverlake: 1-for-5 bonus issue – Notice of books closure date ~ 24 Jun 2015 Silverlake Axis ~ Bearish Gartley Bat FormationSilverlake closed with a spinning top @ S$1.14 (-0.03, -2.6%) with 2.7m shares done on 25 Jun 2015. Immediate support @ S$1.09, immediate resistance @ S$1.195. Silverlake (weekly 2 Jan 2012 to 5 Jun 2015) ~ The Elliott Wave pattern; riding on the corrective A-B-C Wave
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Post by sptl123 on Jun 26, 2015 9:53:34 GMT 7
Bro zuolunSilverlake Axis closed at S$1.14 (-0.03, -2.56%) with 2.704 million shares traded on 25th June 2015. Emerging AB=CD Pattern. TP= S$ 0.83 as what you have projected previously. Bro Zuolun would you open short at Silverlake Axis? If you do, let us know so we could follow and provide support fire to shoot it down. sptl123, Silverlake peaked @ S$1.46 (point x or point 5) on 6 Apr 2015 and had completed the impulsive 5-Wave up; it's now riding on the corrective A-B-C Wave down. Its share price collapsed S$0.53 or 36.3% to S$0.93 (point a or point A) on 8 Jun 2015. It then rebounded to S$1.25 (point b, the 38.2% Fibonacci retracements) on 22 Jun 2015. Yesterday, 25 Jun 2015, Silverlake closed with a spinning top @ S$1.14 (-0.03, -2.6%). The Gartley pattern is a subset of the Elliott Wave pattern, based on the corrective A-B-C Wave; the potential AB=CD pattern is likely to 1st hit S$0.995 (point c, the 88.6% Fibonacci retracement level) and then rebound to point d or point B (the target projections or resistance levels can be anywhere @ S$1.335, S$1.37 and S$1.41), b4 it continues its downside movement to form a lower low @ S$0.805 or point C, the 123.6% Fibonacci retracement level (depending on point d or point B, the the target projections or support levels can be anywhere between S$$0.905 to S$0.805). Should this scenario (Fibonacci retracements ratio) materialise, Silverlake would have completed the Bearish Gartley Bat pattern @ S$0.805 or point C. For short-trades, take note Silverlake: 1-for-5 bonus issue – Notice of books closure date ~ 24 Jun 2015 Bro Zuolun, I could only see 4 sides but you could watch 8 directions. You are my hero !
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Post by zuolun on Jun 26, 2015 11:26:52 GMT 7
sptl123, Silverlake peaked @ S$1.46 (point x or point 5) on 6 Apr 2015 and had completed the impulsive 5-Wave up; it's now riding on the corrective A-B-C Wave down. Its share price collapsed S$0.53 or 36.3% to S$0.93 (point a or point A) on 8 Jun 2015. It then rebounded to S$1.25 (point b, the 38.2% Fibonacci retracements) on 22 Jun 2015. Yesterday, 25 Jun 2015, Silverlake closed with a spinning top @ S$1.14 (-0.03, -2.6%). The Gartley pattern is a subset of the Elliott Wave pattern, based on the corrective A-B-C Wave; the potential AB=CD pattern is likely to 1st hit S$0.995 (point c, the 88.6% Fibonacci retracement level) and then rebound to point d or point B (the target projections or resistance levels can be anywhere @ S$1.335, S$1.37 and S$1.41), b4 it continues its downside movement to form a lower low @ S$0.805 or point C, the 123.6% Fibonacci retracement level (depending on point d or point B, the the target projections or support levels can be anywhere between S$$0.905 to S$0.805). Should this scenario (Fibonacci retracements ratio) materialise, Silverlake would have completed the Bearish Gartley Bat pattern @ S$0.805 or point C. For short-trades, take note Silverlake: 1-for-5 bonus issue – Notice of books closure date ~ 24 Jun 2015 Bro Zuolun, I could only see 4 sides but you could watch 8 directions. You are my hero ! sptl123, Nothing special because many years ago, I had attended a classroom lesson on how to calculate the target projections based on the Elliott Wave theory - meaning should the scenario (Fibonacci retracements ratio) materialise on Silverlake; it is a science (mathematic solution), not an art of technical analysis. Ezra's target projection @ S$0.153 based on Fibonacci retracements ratio is also a science (mathematic solution), not an art of technical analysis. The law of supply and demand: An increase in supply = A decrease in price.
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