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Post by zuolun on Apr 10, 2014 10:29:12 GMT 7
GuocoLeisure — Double Top formation  
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Post by odie on Apr 10, 2014 20:04:47 GMT 7
Bro zuolun, thanks for charts will double top be negated with break of resistance at 97? Thanks  |
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Post by zuolun on Apr 11, 2014 16:18:10 GMT 7
Bro zuolun, thanks for charts will double top be negated with break of resistance at 97? Thanks odie, Guoco Leisure's uptrend is still intact but it is now extremely overbought. If long after a bullish breakout at 0.97, the risk reward is higher, so it's safer to wait for a pull back then long. There is a -ve divergence bet. price and stochastic, the price spiked since 10 Mar 2014 may be a bull trap. Guoco Leisure — Trading in a rectangleImmediate support @ S$0.915, immediate resistance @ S$0.945  GuocoLeisure as at 15 Nov 2012  |
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Post by odie on Apr 11, 2014 20:26:59 GMT 7
I see
Zuolun bro,
Thanks
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Post by zuolun on Apr 13, 2014 11:52:14 GMT 7
odie, Guoco Leisure's uptrend is still intact but it is now extremely overbought. If long after a bullish breakout at 0.97, the risk reward is higher, so it's safer to wait for a pull back then long. There is a -ve divergence bet. price and stochastic, the price spiked since 10 Mar 2014 may be a bull trap.
Guoco Leisure closed with a dragonfly doji @ S$0.92 (-0.005, -0.5%) on 11 Apr 2014. Immediate support @ S$0.915, immediate resistance @ S$0.945. Should the critical support break @ S$0.88 (resistance-turned-support), the bull flag will be negated.  |
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Post by odie on Apr 16, 2014 18:17:10 GMT 7
Bro zuolun, guoco leisure closed at 98cts Looks good to go to $1.00 any views on guoco leisure and Gallant which broke up today, thanks for guidance, bro zuolun |
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Post by zuolun on Apr 16, 2014 21:59:32 GMT 7
Guoco Leisure — Bull Flag breakout, interim TP S$1.02Guoco Leisure closed with a white marubozu @ S$0.975 (+0.015, +1.6%) on 16 Apr 2014. Immediate support @ S$0.95, strong resistance @ S$1.12. 
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Post by zuolun on Apr 25, 2014 7:43:37 GMT 7
bro zuolun, any updates for NOL and Guocoleisure? NOL broke out today with good vol of 5.6m Stoch is pointing up MACD is green bar Thanks Odie, Uptrend intact, strong buy on pullback. Guoco Leisure (daily chart) is extremely overbought; both the MACD and Stoch (5-3-3) have turned down.
Note: The yearly chart (Jan 2004 to Apr 2014) indicates that Guoco Leisure has more upside than downside (ascending triangle breakout). Guoco Leisure — Bull Flag breakout, interim TP S$1.02, TP S$1.15Guoco Leisure closed with a hammer @ S$0.99 (+0.015, +1.5%) on 24 Apr 2014. Immediate support @ S$0.95, strong resistance @ S$1.12.    |
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Post by zuolun on Apr 25, 2014 10:44:10 GMT 7
odie, For price action on Guoco Leisure, although the buy queue has a larger qty blocking queue than the sell queue, it could be fake qty auto-withdrawn/triggered once buyers grabbed at 1-bid higher from the sell queue, so focus more on the sell queue for follow-thru support-buy (that's the actual "done" price level to monitor closely). |
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Post by odie on Apr 25, 2014 19:38:44 GMT 7
odie, For price action on Guoco Leisure, although the buy queue has a larger qty blocking queue than the sell queue, it could be fake qty auto-withdrawn/triggered once buyers grabbed at 1-bid higher from the sell queue, so focus more on the sell queue for follow-thru support-buy (that's the actual "done" price level to monitor closely). i see, zuolun bro thanks, will focus more on sell queue |
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Post by zuolun on Apr 28, 2014 10:51:06 GMT 7
odie, For price action on Guoco Leisure, although the buy queue has a larger qty blocking queue than the sell queue, it could be fake qty auto-withdrawn/triggered once buyers grabbed at 1-bid higher from the sell queue, so focus more on the sell queue for follow-thru support-buy (that's the actual "done" price level to monitor closely). i see, zuolun bro thanks, will focus more on sell queue odie, Last friday 25 Apr 2014, that larger qty blocking queue at the buy queue on Guoco Leisure was a fake one!  The purpose was to lure the impatient buyers to grab at 1-bid higher price from the lesser qty sell queue.  Focus more on the sell queue for follow-thru support-buy (that's the actual "done" price level to monitor closely). GuocoLeisure — Symmetrical triangle formationGuocoLeisure had a black marubozu @ S$0.975 (-0.01, -1%) with thin volume done at 760 lots on 28 Apr 2014 at 11.45am Immediate support @ S$0.95, strong support @ S$0.91, critical support @ S$0.88, immediate resistance @ S$0.995.  |
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Post by odie on Apr 28, 2014 20:50:20 GMT 7
odie, Last friday 25 Apr 2014, that larger qty blocking queue at the buy queue on Guoco Leisure was a fake one! The purpose was to lure the impatient buyers to grab at 1-bid higher price from the lesser qty sell queue. Focus more on the sell queue for follow-thru support-buy (that's the actual "done" price level to monitor closely). GuocoLeisure — Symmetrical triangle formationGuocoLeisure had a black marubozu @ S$0.975 (-0.01, -1%) with thin volume done at 760 lots on 28 Apr 2014 at 11.45am Immediate support @ S$0.95, strong support @ S$0.91, critical support @ S$0.88, immediate resistance @ S$0.995. thanks zuolun bro for update i used to chiong in at high prices last year but nowadays i queue at lower prices and wait patiently |
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Post by zuolun on Apr 29, 2014 11:22:02 GMT 7
thanks zuolun bro for update i used to chiong in at high prices last year but nowadays i queue at lower prices and wait patiently  |
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Post by odie on Apr 29, 2014 21:11:21 GMT 7
thanks zuolun bro for update i used to chiong in at high prices last year but nowadays i queue at lower prices and wait patiently thanks zuolun bro, will patiently wait |
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Post by zuolun on Apr 30, 2014 1:02:04 GMT 7
odie, Guoco Leisure's uptrend is still intact but it is now extremely overbought. If long after a bullish breakout at 0.97, the risk reward is higher, so it's safer to wait for a pull back then long. There is a -ve divergence bet. price and stochastic, the price spiked since 10 Mar 2014 may be a bull trap. thanks zuolun bro, will patiently wait odie, That 1-lotter was from the 'bayi'. Guoco Leisure closed with a long-legged doji @ S$0.97 (+0.005, +0.5%) on 29 Apr 2014. MACD crossover below the zero line, expect the share price to hit 0.93 and below.  |
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