SuperGroup

SuperGroup — H&S breakout

With the neckline of the H&S @ S$3.70 broken convincingly with extremely high volume;

SuperGroup has now become a prime target for short-selling after the last burst of fire @ S$5.03, the impulse Wave-5 completed on 12 Aug 2013.




As at 12 Nov 2013 at 4.35pm, SuperGroup hits low of S$3.53, high of S$3.97 and has a "Three Black Crows" chart pattern. 




SuperGroup — The Elliott Wave pattern as at 8 Oct 2013

SuperGroup is now on the correction Wave-A down.








As at 25 Sep 2013, SuperGroup had a rare diamond top chart pattern.

When a stock's upward momentum is gone, its share price falls like a rock!

SuperGroup gaps down to low of S$3.03, high of S$3.40, now trading @ S$3.05 (-0.52, -14.6%) at 9.43am.

SuperGroup — H&S breakout; interim TP S$3.20, next TP S$2.37

SuperGroup had a rare diamond top downside breakout in late Aug 2013, the dead cat bounce to high of S$4.47 on last Thursday 7 Nov 2013 (prior to its earnings results on Monday 11 Nov 2013) was a typical bull trap to trap the bulls.





Diamond Chart Formation
A diamond chart formation is a rare chart pattern that looks similar to a head and shoulders pattern with a V-shaped neckline. Diamond chart reversals rarely happen at market bottoms, it most often occurs at major tops and with high-volume. Since diamonds are a variation of head and shoulders tops, you have to resist the desire to classify every head and shoulders top as a diamond formation. The reason you will want to avoid this is because the diamond will signal a break in trend much earlier than a head and shoulders pattern, which could result in a premature short position. To calculate the breakout potential for a diamond formation, you will want to take the distance between the highest and lowest point in the diamond formation and add it to the breakout point. However, in most occurrences a breakout from the diamond chart formation will carry stocks much further.



Diamond Tops & Diamond Bottoms Chart Pattern

oldman,

Smart money know when to hold 'em and when to fold 'em...

Traders just need gut-feel and the right time to profit from the panic. 




The Gambler

On a warm summer's evenin' on a train bound for nowhere,
I met up with the gambler; we were both too tired to sleep.
So we took turns a starin' out the window at the darkness
'Til boredom overtook us, and he began to speak.

He said, "Son, I've made my life out of readin' people's faces,
And knowin' what their cards were by the way they held their eyes.
So if you don't mind my sayin', I can see you're out of aces.
For a taste of your whiskey I'll give you some advice."

So I handed him my bottle and he drank down my last swallow.
Then he bummed a cigarette and asked me for a light.
And the night got deathly quiet, and his face lost all expression.
Said, "If you're gonna play the game, boy, ya gotta learn to play it right.

You got to know when to hold 'em, know when to fold 'em,
Know when to walk away and know when to run.
You never count your money when you're sittin' at the table.
There'll be time enough for countin' when the dealin's done.

Now Ev'ry gambler knows that the secret to survivin'
Is knowin' what to throw away and knowing what to keep.
'Cause ev'ry hand's a winner and ev'ry hand's a loser,
And the best that you can hope for is to die in your sleep."

So when he'd finished speakin', he turned back towards the window,
Crushed out his cigarette and faded off to sleep.
And somewhere in the darkness the gambler, he broke even.
But in his final words I found an ace that I could keep.

You got to know when to hold 'em, know when to fold 'em,
Know when to walk away and know when to run.
You never count your money when you're sittin' at the table.
There'll be time enough for countin' when the dealin's done.
Chrousx3

Super Group has over the last 3 years achieved a net income margin of bet. 14% and 16% — Past performance is no guarantee for future returns.

SuperGroup — Bear pennant formation



Chart example of a bear pennant breakout with target projection