Taking a break for a week....

Will be taking a break for holiday, so I won't be doing any analysis for next week on the stocks starting tomorrow till 3 April 2010.

Happy Trading and Happy Weekend..

Star-Trader

Z-Obee and Novo Group

Tonight, I am going to answer some of the questions by my subscribers.

1) Why I bought Z-Obee (from my previous post) and locked out so early to ride on the small profit?
2) Novo Group's analysis...
------------------------------------------

Answers:

One thing when I locked in a stock, I would like to make sure what I am buying is worth on the FA as I do not want to have any problems when got into the stocks and face the dilemma of problems later on.. So, for Z-Obee, is merely a small profit rides based on the TA as I didn't really know about the FA.. Thus, to be safe side, getting a profit better than losing it.. And how many lots that I bought, I can tell you it was 60lots which I earned merely $600(before commission) in less than 20mins...Locked in at 0.425 and out at 0.435.. Looking back at the price now which is 0.48, I have no regrets at all as I like to play on the safe bet and getting nice profit better than sitting on loses...

Maybe I should spend more time to study on FA now to spot stocks that I can rely on for TA and trade it with care...

As for NOVO Group, I detected the signals as well but didn't post it here. All I know is they deal with steels. It goes the same to this stock as well.

So, I hope to come out with those stocks soon which are good in FA that I can rely on to trade with my TA expertise.. Check it out soon...

And I will continue with the lesson soon for those that subscribe to my email list at the right side corner.

Thanks,
Star-Trader

Ausgroup and Straits Asia Resource's buying tips...

Hi,

Previously I posted at sharejunction forum on these 2 stocks on the buying trend..

Straits Asia was pretty much on the run, but not Ausgroup which currently stucked at the range of 0.595 and 0.6. Someone written to me and asked why Ausgroup didn't run as per what I said today or the next few days..

Please.. I only based on purely TA on my own system and I said "might" and it could be still in accumulation mode as not in breakout channel yet , so please buy and make your own judgement whether you want to follow my calls...

Thanks,
Star-Trader

Ausgroup's Technical Analysis what happened to Ausgroup today? Any latest news?

Today's , out of nowhere it's form a hugh volume with a buy-out for Ausgroup and from the candlesticks pattern, this buy-in volumes still not have not catch a breakout yet.
OBV showing signals..

So, check this stock out. It may gap further but exit at the "right price right profit", I will explain later what it means by "Right Price Right Profit" or rp2, or RP square..

So, if you managed to get it at 0.6, from my opinion...a good one, but even better if it is at 0.595.

I will keep a lookout on this. I didn't get it today but definitely a lookout..

SOBAYOR,
Star-Trader

Z-Obee, another run up?

Can we ride on a profit on Z-Obee? with This is purely speculative but if you want to take a risk, this will be In and out on the riding mEwave which can purchased at 0.425 and exit at the price that can justify how much profit you want but beware the gap is small.


P/S: I was about to post this at 0.42/ 0.425 but due to my PC's problem.. Anyway, now already 0.435.. I bought at 0.425 and sold off at 0.435 though didn't catch the high of 0.44/0.445. Not going to vest this for long..

But is good to know more on this stock doing, why is a run-up for the past few days..

SOBAYOR,

Thanks,
Star-Trader

Ezion Holding,still holding on 1/4 @ $0.765..

Ezion Holding, yesterday didn't queue to ride on the mEwave @0.765 but is ok. Although the uptrend is still intact, I didn't make a decision to queue at $0.765 is because the global direction market is still not clear, thus made a decision not to sell off everything instead keeping 1/4 of it at $0.765.

Today, it opened gap at 0.775 now. Let's see if it can gap further to another price range.
Should I chase the stock? I always mentioned not to chase a stock but will check it through though based on the volume push and other indicators. Now, just happy with the current holding I am having.

Thanks,
Star-Trader

Parkway Holding technical analysis chart and momentum..

Just glanced through the OBV and momentum..

Parkway Holding OBV and momentum were positive but if you willing to take risk to lock in, you must look at the price exit to dispose off at the right exit price for your profit to ride on the mEwave..

SOBAYOR,
Star-Trader

DOW up yesterday..What's next for STI?

Just posted to my subscribers , part of it as below.... For more information, you can subscribe at the right corner...

"
DOW posted a positive gain yesterday. What influenced it to go up?

US Commentary: Healthcare Reform Passage
Largely positive reaction on this has been due to the movement for DOW yesterday but still the day's upside might have also been limited on overseas financial concerns , like the Greek Debt.
The House of Representatives voted last Sunday night on this package of health reforms....
...
...
..

"

STI dropped -26points... Ezion Holding, Sold 3/4 of it at $0.785, still keeping 1/4 at $0.765

Riding on mini-Elliot Wave is never easy. As mentioned, a lot of external factors will bring down the stock price even though the trend is looking upward. So, what I always mentioned many times is to offload some of your holding to lock-in decent profit and wait for the mini-Elliot Wave for another chance to come in.

Will be looking closely on Ezion Holding again based on the technical analysis charts, price,volume and more important the NEWS... which I am sending to my subscribers daily on what happened globally so that you can make ideal choice to sell or to buy on signals.

Looking for opportunity on Ezion Holding and also Capitaland for another uptrend rides when I detected the signals..

For now, let's wait and see for the next course of action...


P/S: Thanks to one of the subscribers who wrote to thank me on my call previously at
http://star-trader.blogspot.com/2010/03/is-accumulation-done-for-ezion-holding.html which was 6 days back and made a decent profit of $0.02 x 30lots (exclude commission)
when he sold at 0.785 late morning today.

Thanks,
Star-Trader

Ezion Holdings, on the breakout volume, technical charts or candlesticks?

Looking at the volume buy-up at 0.785/0.78, it could be moving up to another price range but look-out to lock-in profit once you have chance. Still waiting.

And congrats again to those vested on 0.765 during my past week call to buy on this.

P/S: I have email asking me if they can offload it at 0.78/0.785, as the hugh volume is building... I would say is fine as long as you can ride on the profit.. For the mini-Elliot Wave... Or sell half of it for a profit and keep some which is always my way of trading if the signal is there intact.

Thanks,
Star-Trader

Ezion Holding, my previous analysis trend price, any latest news?

Ezion Holdings, today on white spinning top with hugh bulk volume buy up coming in the end of the session.

Previously, I mentioned that Ezion Holding was on accumulation but has it ended now with a push to another higher price trend? Looks like it is trying to breakout now.

If noticed my previous blog, http://star-trader.blogspot.com/2010/03/is-accumulation-done-for-ezion-holding.html , the call price was 0.765 which is standing still even for now. So to those that vested, congrats and it might be time to find an exit price when the time is right...

SOBAYOR,
Star-Trader

GuocoLeisure, any latest news that move the price higher?

Don't know about any news on GuocoLeisure..but..

At the price of 0.68 / 0.685, there is a sudden hugh bulk volumes buying-up to move the price higher to another trend which I believe will move the price to another higher uptrend price.

But beware on the profit-sip in at 0.7-0.705 which the BBs could sell down on that price range.

SOBAYOR,
Star-Trader

Working on my new Technical Analysis website...

Working hard to get this up by this weekend. What we can get from the site is US data financial events indicators, Stocks' Financial Result and other TA features with discussion..

Subscribe to my newsletters and would let you know on this soon.

Thanks,
Star-Trader

STI Index's up today, cheer to all that vested yesterday..

Yesterday, did mention in my newsletter that accumulation was done on the stocks where the movement was so stagnant for today's uptrend due to several good global financial event news.

Anyway, congrats to those vested and out by today. Personally I sold off Ezion at 0.775 today but still holding on to some at 0.77 for the next push.Am holding on to Capitaland as well at the price of $3.96. What will be my target price? Will check the when there is a signal for a downtrend on Capitaland.

Will I reload this again or other stocks to ride on the mini Elliot wave? Yes, Definitely, and I will explain what is Mini Elliot wave in my email list or my new upcoming website which is making busy for the past weeks. How we can enter and exit on the wave, and the behaviour of BBs on the way the ride the profit.

Thanks,
Star-Trader

Still holding on to Capitaland for a price target , Sold off Ezion at 0.775..

Still holding on strong on Capitaland but Sold off Ezion at 0.775 for a profit of 15cents (from the purchase price of 0.76) and to ride on the mini elliot wave again if the opportunity arises. And holding on some at 0.77 which was purchase much earlier.

Let's see.

Star-Trader

Property Play: Capitaland

Saw Hugh Bulk Volume noticed at 3.94-3.95. Reload Capitaland at 3.96 but would look for short term profit for this as we ride on the uptrend wave..

Should have give more priority to this stock by analysing it as due to the local data on the property segment in Singapore as this has been pushed because of the Good Data on Local Singapore's Properties Climate and will continue to monitor other property stocks as well.

SOBAYOR,
Star-Trader

Is Accumulation done for Ezion Holding? What is the price target?

Will check the date end of the session if there will be any push since I detected the signal at the price of 0.765. Ever since the buying signal detection, it has hover between 0.77 to 0.785 which I sold part of it at 0.78. But yesterday it came back down to 0.755 which what I always mentioned the accumulation method when "someone" take advantage of the situation to accumulate more.

Thus, Loaded more at 0.76. The uptrend movement will also check on the inventories data coming soon and also the crude oil future price which last 2 days have been down but the price support is well maintained with accumulation from the volume.

Let's see.

SOBAYOR,
Star-Trader

Market direction waiting for Economic data...

Market Direction awaits more economic data to see if it will open higher or lower on the stock exchange..

Industrial Production and Housing Market Index are the one that we will be looking for.

Will send directly to my subscribers once got these data.

Thanks,
Star-Trader

Breaking News:Cosco won 500M contract rig order..poised to go higher..

At 2.15pm,with the price of $1.24, I got news that Cosco won 500M Contract rig order..

Let's see how it goes higher today.

Thanks,
Star-Trader

Only SGX stocks , NO US stocks for analysis...

Recently I have got a request on doing a technical analysis for US Stocks. Please, I don't do it on US Stocks as US market works very differently in terms of the TA(fast moving) and my forte is on SGX stocks only.

Just to clarify here, even though I posted the US Financial Event Indicator but that doesn't mean I am doing US Stocks TA Analysis as those indicators are meant to be for direction of the movement for global markets.

Thanks for your understanding.

Star-Trader

US Economic Data Event Indicator for next week..

I have just drop a note to my subscribers on how each US Economic Data Event can be an indicators to the movement of the stocks and also will post the US Economic Data Events for next week soon to my subscribers.

Thanks,
Star-Trader

AllGreen, at last hitting the next gap between $1.18-1.20 - AllGreen Properties technical movement and chart analysis

Though I have disposed off this earlier http://star-trader.blogspot.com/2010/03/allgreen-properties-sold-at-116-and.html , I will like to bring this out again as my buddies sold this off at $1.19 today at the end of the trading session and also would like to explain how I come identify GAP and how I come out with price range for certain stock to hit in short term trading(0-3months)

To prove it, I also posted this on Sharejunction.com Forum http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=3964&msgbdName=Allgreen on 19-Feb-2010 22:45 that this price range will be the gap to fill. Finally, It took less than a month.

Thus, I hope to explain the GAP thinggy but might be through my subscribers list who believe and appreciate the efforts that I have put in.

Thanks,
Star-Trader

Noble Group, another half of the holding sold off at $3.36

Noble Group, which I was still holding another half was finally sold off at $3.36 after a fine run. Though it might rebound but profit taking has "seep" in for this particular stock.

Moving on to another stock but will analysis thoroughly as next week may be a challenge on Accumulation for most of the stocks to test the patience of positioning for the stock.

Thanks,
Star-Trader

Questions from Subscriber..

On and off, I will post questions that posted to me by my subscribers and share it with everyone so that we can learn from each others over the time..

--------------------------------------------------------------------------------

Mind if you help do some analysis on local stocks? Realised all are very manupilative. Push and dump etc. Except for few counters like HL Asia, Noble, Sembmarine able to sustain higher highs and higher lows on higher volume. Even performance of good counters like Kepland can be erractive.
You have been analysing Sinotel and should be aware that the following trading day doesn't guarantee price up even on high vol and strong white candle. And with our local brokerages so high, retailers are at great disadvantage. I would feel buying on support and cutting loss if support breaks is better than entering high on "breakouts" that usually end up being push n dump for local stocks. Whats your views?

Thanks.

MY REPLIES:
------------

Hi,

Thanks for your email.Yes, indeed they are manupulative. My view is if can observe that the stocks have trend to move further up but due to certain circumstances, it is still stale as in the mode of accumulation, they will take advantage of those that with contra and without holding power to accumulate more and dump when retail investors got in. One of the typical example are Sinotel and NOL, I have been doing some analysis on the pattern and you will notice that accumulation process could have been occured during the range of (0.475 to 0.49) during the last few days after the first Elliot-Wave uptrend (from 0.46 to 0.5). I am trying to "perfect-ing" this into my system on the accumulation parts in order to detect the movement before the uptrend. These has been observed by the way the stock stale for accumulation and I am pretty sure that contra players that trying to get the current price now from 0.525 onwards will be at risk for them to dispose off. Unless, the market direction and the news related to stock can stimulate higher buying uptrend that will see Sinotel move further ahead.

As for the NOL, is a typical 1-day trading load and dump where you will observe how it can go the accumulation level of 1.96 towards 2.02 and yo-yo in between these price range. So, each stock we will see how the behaviour goes and we will trade accordingly to it. There will also be some same industry stocks that will move together and I will try to explain in my next newsletter..

Thanks,
Star-Trader

Sinotel, as expected in the morning...has merged break up..

Sinotel has done a uptrend break-up at 0.5 and keeping the uptrend price now at 0.525.

The previous post that I have posted on the short-term price, http://star-trader.blogspot.com/2010/02/latest-news-sinotel-wins-maintenance.html about to hit the gap to cover the 0.54 but it could be profit taking tomorrow after filling the gap.

and please, my short-term here is 0-3months.. Someone taught what I meant of short-term is in 1 week to 2 weeks. Please bear in mind...IT IS NOT THAT CASE.

Thanks,
Star-Trader

Sinotel, White Spinning Top

I posted on Ezion 2 days back ago at 0.765, but today early morning, I did a trend analysis for Sinotel at the price of 0.5 due to reply email from one of my subscribers to do analysis on Sinotel.

Sinotel has shown White Spinning Top candlestick yesterday with a buying up signal trend on the merge for break-out.

Let's see,

SOBAYOR,
Star-Trader

Lesson 3: How On Balanced Volumes relates to uptrend/downtrend of a particular stock?

Volume Lesson, continued with Lesson 3:

Let's move on in-depth on the next lesson, How is the relationship of OBV has on the stock market.

OBV, as discussed previously was one of the important factor to determine the direction of the market. We can't take only this to trade the market, if not, everyone will only use this to trade and succeed in the market. But , OBV can be one of the confirmation factors to check the direction of the stock movement, at least with the flow of the money in/out and how it co-relates to accumulation/distribution...
How does OBV co-relates with the accumulation/distribution ? OBV attempts to check the level of accumulation/distribution by the means of comparing the stock volumes to price movements.

Volume is added to indicator if closing price is UP and subtracted if closing price is down. The basic assumption, regarding OBV analysis, is that OBV changes precede price changes. When the money is flow into the stock, the accumulation will increase with the price of the stock increase is one of the confirmation for OBV that surge ahead.

Example, How OBV confirms the price movement of a stock , When the price move in the dominant direction, with strong uptrend more or HUGE volume on Price UP days versus Price DOWN days, there is a sign that strong uptrend will emerge. As a confirmation rule, strong heavier volume should follow the trend of the price trend.
Likewise, for a huge Volume that happens on the days where the price is decreasing with OBV is on the downtrend, that could means that the direction is about to change. Also, if the price is rising but with a flat line OBV, that also means there isn't any volume support on this.
Conclusion is, when there is a breakout of OBV lines when the price is on downtrend / uptrend , there is when we can detect the price direction of the movement for that next few days when the interest of stock has emerged.


Thanks,
Star-Trader

NOL, accumulation was done...

1 of the subscribers written to me why I didn't wait and for till today and sold off earlier as mentioned in my blog, because I did mention that ACCUMULATION should be in the process for NOL which I posted one of the written blog.

Yes, confidence and patience play a part to determine the movement but I have lost control on the emotion yesterday as I am still "perfecting" my trading system and method to detect on the same day what price huge volume pattern could determine the uptrend signal of the stock.

This was what happened to NOL which I did mention "Accumulation" in the process which came true today to push the price to $2.00. I have no regrets on this as everytime I learnt on the behaviour of the stock, I got one point to add in perfecting the way the trade should go along with the BBs.

And, please do not ask me why I didn't detect stocks that moved up today like Indo Agri or Golden Agri, as I am still doing "manual" process to detect stock movement, which I scanned painstakingly each stocks to see the trend.

And I didn't happen to scan on stocks like Indo Agri or Golden Agri as I chosen the stocks to analysis and get on with the analysis of the stocks on the daily basis.

Thanks,
Star-Trader

Ezion Holdings, a lesson learnt when got hold of NOL today..

Is time do some post-mortem on NOL. Why other indicators are still important during the day trading besides OBV and volumes is to determine the direction the price will go.

Have you ever wonder, if a whole bulk of volume bought today at $1.95-1.98 and sold in the afternoon at $2.00 has made you a handsome profit? This is what BBs can do. Lesson learnt was to have a patience to detect buying signals that can ride on wave which can profits that can out at the right exit price with a confirmation trend.

One of the example, was the previous blog write-up when I was waiting for the data feeds in the afternoon, it was too late as the price I bought at $1.98 should be offloaded at $2.00 as if I have got the data analysis in advanced sell in bulk will happen in the late afternoon. So , really a lesson learnt from this.

Move on.....
This time, reality checked during the market end session. OBV on positive note..,Candlesticks showing a confirmation buy-if white opening marubozu.. One of the signal I got was Ezion Holdings. But of course all the oil related stocks, we are prompt to check on how the crude oil future price performed.

But this is very much in tandem move with PEC. Let's see with the US Financial Data Events if it is positive.

SOBAYOR,
Star-Trader

NOL, high buying volume seeping in the morning session...

NOL, another buying signal detected since early morning just now from the data feed I have got, this can prop higher to another level price but caution with profit in mind when you already bought NOL. High buying volume will have the uptrend movement intact if nothing major breakout news..

Check this out.

SOBAYOR,
Star-Trader

Mixed Signal and Profit taking or Accumulation for most of the stocks..

Hi All,

Down ended Red. I would see a mixed signal (hovering between negative or positive zone for STI) and profit taking for some of the stocks, but as mentioned in my previous post, PEC is still a play and if the price is gap up and down,I believe accumulation will still in the process to push to another price range.

And if it gaps further, we can look out for the selling price if you bought at the end of the session yesterday.

Check it out.

SOBAYOR,
Star-Trader

PEC Uptrend Signal and Movement Analysis Oil Related stock, Any latest news?

As promised, will analysis PEC Ltd , an oil related stock. This stock has always been in my mind and during this week, seems like it props an interest on the movement but too bad, due to technical error, I didn't managed to get the bulk data feeds last friday to check further the confirmation of the buying signal.

But what i can say is the last 1 1/2 hrs buying volumes has been high which gives me an insight that this stock will move higher although part of the bulk volumes has been disposed off.

I will send some technical points to my subscribers later at night when I have got the whole picture of the whole trend on PEC Ltd as well as the influence data from US Economics Data Events..

SOBAYOR,
Thanks,
Star-Trader

Noble Group technical analysis and Let's move on to PEC Technical Analysis

When the time I detected the signal in early morning just now to get in at $3.30 to ride on the mini Elliot Wave, it shot up to 3.37 and retreated back. I didn't manage to get at $3.30 on the queue, but if I got it, what will I do? IF I got it at $3.30 and definitely it will be a sell off at $3.35 which what happened to the early bulk of the volumes and sell off at the afternoon bulk of volumes.

And which based on the data feeds end of session today, Most of the huge volume has been disposed off which means is time to check out the exit price tomorrow!

Let's move on to another stock then, One of them will be PEC.

SOBAYOR,
Thanks,
Star-Trader

Noble Group looking strong..

As per the previous analysis, STI gap up.

HOLD ON if you are still holding Nobel Group but still look out for the price range at the end of the day if it retreats, is time to offload.

Capitaland, buying up on tandem in the early morning. Can look out if you are interested but this could be the day buy-in and sell-out by BBs..

Will post more later.

SOBAYOR,
Star-Trader

Lesson 3: How OBV attempts to measure accumulation and distribution of Volumes?

I will be posting soon this lesson to my subscribers on this lesson how OBV can measure the accumulation and distribution of Volumes that can give heads-up on the direction of the movement of a particular stock on downtrend/uptrend status.

Will be posting on the US Financial Events News as well.

Till now,
Star-Trader

Next week US Financial News Events and how will STI will perform?

I will be writing on the US Financial News Events very soon and how STI will perform next week but I had the problems on data feed again last friday..I am working hard to rectify this problem which has happened twice. Not able to get the Friday's data feeds for most of the stocks :( and my system won't be able to do anything on this.

Thus, won't be able to analysis the trend for some movement of the stocks but I will definitely look out for a right exit price to sell for Noble next week. This will come after Next Monday's end of session.

As for the US Financial News Events, I will only post it to my subscribers when you subscribe with my newsletters.. ( At the right hand corner)

Thanks,
Star-Trader

On Noble Group Again..Latest Analysis and Trend.

Noble Group, currently at $3.26. I will look at the end market session today to decide what is the exit price that should be the price to look for. If it is still an uptrend, will HOLD tight.

And Congrats to those that vested on Noble Group for the past 2 days.
Let's see after today's end market trading session.

Thanks,
Star-Trader

Noble Group, latest technical analysis research chart on price and volumes

After today's market ending session, data feeds that I got and observed will be another uptrend movement...
So, Noble Group, Looks like running for another run-up tomorrow which will gap further but it is also time to look for an exit price either tomorrow or next week.

Let's see.

SOBAYOR,
Star-Trader

Email that I sent out yesterday's night to my subscribers..and Congrats!

All,

As per the previous US Economics Data Events that I sent, today data release will be US ADP Employment Report.
Private Sector Jobs Data NOT in favour which ADP reported lost 20,000 jobs in February, but it is in line with expectations for this number...

Either expect a mixed signal or a opens lower for tomorrow but there will be some stocks that we can check out.. As mentioned in my blog, I will move on from Sinotel and Capitland to another stock as will wait for the buy signal again for Sinotel, I will write up on Noble Group.


Noble Group : $3.14
Today's end of market session candlesticks signal pointing to Black Spinning Top and Bullish Homing Pigeon. ( I will try to come out with the chart if possible in future) to show you what I meant by these 2 signals. Anyway, let's move on..


The 2 signals above are showing complete indecisiveness between the buyers and the sellers..But why i still suggest to look out on this? Because bulk buying are seeping in during the last 1 1/2 hours and I would believe that accumulation will continues tomorrow if market is downtrend.. But if STI doesn't affected, this will at least move up to another price range..


SOBAYOR,

Thanks,
Star-Trader
----------------------------------------------------------------------------

Congrats to those that offload today on your stocks and wait for the buying signal for your stocks and also congrats to those that bought Noble today if you really got it based on my tips above..

Anyway, I will try to send out tonight if after I got the data feed for today's market end session..

Thanks,
Star-Trader

Allgreen Properties, Sold at $1.17 and won't wait for Dividend.

Sold off today at $1.17 and will move on to another stock instead as it hits my target price.. Although you can still hold for this stock at the moment..

Thanks,
Star-Trader

As promised, will update what's next for Sinotel...

Today's end of session market candlesticks for Sinotel is Black Marubozu
Bearish Dark Cloud Cover which means that sellers controlled the price action after the 1st session of the market..
Have checked that the volume trending Volume Distribution Chart for today's end session doesn't look like a volume push..

Is a "WAIT" for me before re-enter again at the right price when I can confirm the direction again.. Let's move on to another stock then while this is a "WAIT" signal..

SOBAYOR,
Star-Trader

Sinotel offloaded at $0.50 and will see further volume consolidation after the market ends..

Sinotel latest market technical chart analysis..
-------------------------------------------------

Offloaded at $0.50 and will wait for the next signal although opened gap but there isn't any volumes pushing it.

Nevertheless, will still check the volumes at the end of the market session to check the volume trend again on when to re-enter to ride on the Elliot-Wave.

SOBAYOR,
Star-Trader

Sinotel, time to offload?

Observed a pattern form yesterday's live data feed of Volume Distribution Chart, looks like half of the big volumes has been disposed off. Thus, time to find the right entry price to dispose off and wait for the mini-Elliot wave? I believe so.

Nevertheless, I will still check after the end of the market trading session to get further confirmation on the volumes trend..

SOBAYOR,
star-trader

Sorry, Live example on the SGX Stock will be available to subscribers only..

Hi,

Would like to inform you all that for next lesson on live example will only be available to subscribers to my tips and strategies to trade in SGX Stock Market.This only will be fair to those that appreciate my tips by subscribing to my newsletter.

The previous statement last blog post:
"
This is it. All on theory but not pratical. I hope to show you the live example on of the SGX Stock soon on our next lesson but we will get into depth on your understanding on this before doing a live example."

Thanks,
Star-Trader

Capitaland, sold near the closing price at $3.85..What about Sinotel?

Didn't dispose off at higher price but at $3.85. Sell Down from 3pm to 4pm were higher, thus making this decision based on the data live feed to my system.
Will check out another wave when the time is right to enter again.

As for Sinotel, Looking at the right price to dispose off when it gap further ahead tomorrow as due to the latest financial result news from Sinotel will probe even higher buying interest for this stock. Will check on the volume vs relative to the price movement before disposing off the stock and wait for another wave.

P/S: But from my view and observation, part of the holding from BBs already disposed off today from 0.49-0.505.

Let's see tomorrow..

SOBAYOR,
Star-Trader

Lesson 1 Part 2: On Balance Volume Explained...

Posting on Lesson 1 Part 2.

As for Upcoming US Financial News Weekly Events and Tips for how each of the data will influence how the traders trade for the day, I will only provide to those that subscribe to my newsletter at the right corner. Thanks.

----------------------------------------------------------------------------------

Well, as explained previously on Lesson 1, Volume is one of the most important parameters in stock trading as it can influence the price movement whether it will be uptrend or downtrend.

So, now here we are. On Balance Volume or in short, OBV.

What is OBV? OBV detects the changes and momentum of volumes which precedes on price changes. A rising volume can indicate someone is interested in playing a particular stock and where public getting interested to get into this stock.

Like other indicators, the OBV indicator will form a direction whether it is an uptrend or downtrend. A rising OBV line indicates that the volume is heavier when the stock price is likewise rising, then the OBV can serve as a confirmation of the price uptrend. With that, stock price rising indicates increased demand for the stock , which is the direction of a healthy uptrend.
However, if prices are moving higher while the volume line is dropping that would mean that a negative confirmation is present. This confirmation will shown that the uptrend is not healthy and should be taken as precaution or warning that the uptrend will not persist. This is how we detect the movement of uptrend and downtrend based on the OBV line indicator.

The numerical value of OBV is not the key factor to decide the move, but on the other hand, the direction of the line is the one that will determine the whole thing. We should concetrate on the OBV line direction and the relationship with the price of the stock instead.

This is also to compare volume changes to the price activity and to confirm on the demand and supply of the stocks.The important of OBV analysis is that we can know volume changes occur before any price confirmation for a particular stock. It is said so because of market direction reflected in volume first, not price.

The simple logic is BBs (institutions, funds, etc.) flows into a stock with a rising OBV before the stock price rises. When the rest of us then only got into the stock, its price and the OBV will rise in tandem. "Smart money" someone from BBs, needs a buy from and sell to in order to make its profits. That someone is rather the retails investors.

This is it. All on theory but not pratical. I hope to show you the live example on of the SGX Stock soon on our next lesson but we will get into depth on your understanding on this before doing a live example.

Till now,

Star-Trader

As per my post blog last week on Capitaland and Sinotel..They have surged !

Current price during my writing now for Capitaland is $3.88 :) As per my friday's blog on Capitaland, this has been surged further ahead. Will determine the price to dispose after today's session market end if it is good to still HOLD ON to it on wait another mini Elliot Wave..

As for Sinotel, It is $0.50 now, will also look at the data feeds after the end of the session today what will be the next signal for this stock.

All the best,

rgds,
Star-Trader