$ThaiBev(Y92.SI) (weekly) – 5-wave/6.6-bagger run-up from 2008 hit a high of $1.06 seen in Jul 2016 before losing momentum to drop below neckline of a 1.5-year top at 84c to go into a 42% correction . . .

I asked Kopisoh whether the current price is cheap enough for a mid-term buy . . .

Kopisoh said it is of no use for you and I to say cheap . . .

When the price of a stock is real cheap senior chngkay will sure to come in to buy because there will be money to be made . . . and his action will show out on a price chart in the shape of a reversal bottom. . .

3 steps to confirm a bottom (i.e. a congestion area to reverse a downtrend into an uptrend):
Prices need to:
1. break out of the confining downtrend resistance (currently at 70c)
2. move above the 10- and 40-wk moving average so that the 10-wk m.a. can cross the 40-wk m.a. from below to form a Golden cross
3. move above the upper edge of the congestion area (i.e. the neckline of the bottom formation)

(See Blue-0, Blue-2, Blue-2b and Blue-4 for example of reversal bottom)

Warning: don’t ever listen to kopisoh if you want to make money as she always likes to talk nonsense . . .
@OTW69

Read more
6 likes
13 comments
ochartist

When chngkay is laughing to the bank it is not worthwhile for him to keep throwing to the buyers because that will push prices down too fast . . . once in a while he will try to buy back some to let traders come in to let prices go up a bit so that he can sell at a higher price . . .

Ccm

Can elaborate on point 3? I don't get it .
What is the price at this pt 3?

FA_TA

only interested if kopisoh is a chiobu

ochartist

Reply to @FA_TA : Chngkay is the one who can turn the downtrend into an uptrend . . . if you play 4D he is the one you place your bet to

  View More Replies

Recommended & Related Posts

$ThaiBev(Y92.SI) (Daily) – 45% correctin from 2016’s peak (Blue-5) rebounded at 57.5c seen December last year to hit a high of 86c two months ago before losing momentum . . .

Kopisoh said chngkay is having difficulty pushing pass 86c seen in March this year because many stale-bulls trapped inside the Blue-5 top also want to take the opportunity to escape . . .

For those TA 发烧友:
1. Prices lost momentum to drop below the 3-month uptrend in March
2. To drop below the 10D m.a. in April
3. The 10D m.a. cut the 50D m.a. in May and game-over for the mid-term rebound
4. The 200D (40wk) m.a. at 71c may provide the first support for the correction
i.e. chmgkay may want to push prices up and down micro-top Blue-7 to harvest the right-shoulder

Do take note that Blue-7 top is just a repeat performance of Blue-5 top . . .

Kopi-uncle said correction to Blue-6 is the first warning . . . a pull-back to Blue-7 is the last chance for stale-bulls to escape . . .

Having tested the resolve of stale-bulls trapped inside Blue-5 top it is quite unlikely that chngkay will dare to push prices above Blue-7 for the time being . . .

The best we can hope is for prices not to drop below Blue-6 . . . otherwise it will be time to say bye-bye to the 10-year tree . . .

Warning: don’t ever listen to kopisoh if you want to make money as she always likes to talk nonsense . . .

Previous post: 17.11.2018

Read more

$ThaiBev(Y92.SI) (weekly) - correction from 2-year H&S with a shrunken head and neckline at 84c has more or less fulfil the potential target . . .

Kopisoh there may be a chance for rebound towards the neckline . . .

Read more

$ThaiBev(Y92.SI) – 5-wave/6.6-bagger run-up from 2009 hit a high of $1.06 seen in 2016 before losing momentum to build a 2-year H&S with a shrunken head and neckline at 84c . . .

Kopisoh said prices are going into a downtrend after lingering at the neckline the last 4 or 5 months . . . the 9-year uptrend at 65c can provide the first line of support . . .

(Kopisoh will explain the meaning of lingering next week . . . stay tuned!)

Kopi-uncle’s famous saying: Anything that cannot go up anymore will have to come down . . .

Mid-term traders should wait patiently for the correction to run its course and a reversal bottom seen before trying luck . . .

Warning: don’t ever listen to kopisoh if you want to make money as she always likes to talk nonsense . . .

Read more
About Contact Privacy Terms Widgets Store

There are more for you ...

View more and participate in our discussion now. It's FREE.

Creating an account means you’re okay with InvestingNote's Terms and Conditions