Gold indeed completed its triangle (highlighted). 11/May/22Gold have completed its “hidden” “contracting triangle pattern” as yellow highlighted Zone one wave (iv)(Red).. “The final destination “ for the gold pullback probably would be around 1820 which is also yearly pivot ( a yearly major polarity/territory for bull/bear battle field..
Xyz3dtrading
Harta. fundamentalist should learn how to read chart. 10/May/22Harta. Just posted a “quarterly earning in lost” for the 1st time in “history”! since it was listed. So...so..Sell the “news”? Or buy the “rumors”?..Most Traders/ Investors Trade based on “news”.. if they can’t read one. They “create” their own ..falling into “own illusion “ just try to “ convince “ themselves to buy certain equity with their own “bias”...We’re not the boss or the directors of the listed company..Whatever “balance sheet” presented is sometime/somehow is for xxxx only....chart reflected the “hidden agenda”.. News is just “the timing”....Doesn’t matter is good/bad fundamentals news...
Topglove broke 1.65! Do traders contribute to society? 6/May/22Market Irrationality?! Topglove a cash rich / YOY earning profit stocks Price have broken Rm1.65 previous low! From Rm8.48.. that more than -80%!!! What next?! Look like the next level to build “a base” would be around Rm1.38...So.. what a role could be played be a traders now to based on “supply and demand” “helping” Topglove to have a “fair price”??? People make living in all kinds.. Some are good in talking, some are slow in talking but go deep into detail / analysis..But Society normally praise high those good talker..I have met an uncle who is able to sell a sea dog’s penis ( a myth as a sex boosters) for $1000, with the cost of only $5..Society especially eastern Society Regard Traders as “speculators” dealing with not “touching ground” “tangible assets”..Unlike western society most respect traders as highly sought professional.. ...Conclusion ( from net)..
Stock traders improve liquidity in the market by ensuring a fair price for buyers and sellers. This leads to fairer markets where the company shares rise according to the principles of demand and supply.
Liquidity in the market invests investment that adds value to the economic growth in society. The stock traders play an indirect role in the circulation of wealth in the social hierarchies essential for efficiency.
Kossan. Glove back to pre-covid growth. 5/May/22.Kossan latest report announced that : gloves ASP ( average selling price ) have been normalizing as the industry transitions to pre-pandemic levels.. AND..and they intend to expand its capacity by building new plants..As below of the chart. Kossan EPS ( earning per share also “normalized” back to pre-covid level but still “higher than previous all years before 2020.....” .As stock price always reflect prior to “fundamentals news” ..what do you think.????
KLCI index probably done bullish triangle. 29/April/22KLCI possible have completed its bullish triangle pattern ABCDE (Red Circled ) (Highlights Zone). Price now in consolidating stage building a “Rocket” “Base” @ : - 1) Volume Profile POC ( Red Thick Horizontal line) , 2) Volume Weight Average Price ( yellow thick line 3) Price at Previous Supply Zone Flip to Support..AND before launching to the moon! Possible breaking 1620 and ATH @ 1900! Within 3-5 years...
Nasdaq maybe -12% down to complete its correction. 29/April/22Nasdaq possible on its last leg to complete wave (c)(Red) of zigzag (a)(b)(c)(Red).Downward price could be stalled right before/after coming FED announcement on rate hike on early May @ around 11700 which is at the lower parallel line support + about -30.22% from ATH ( All Time high)..
INARI may only find its “base” at around RM2.30. 28/April/22INARi with Annually Dividen of around (5%-8%). Trading is not about “achieving” 1 + 1 = 2 (accuracy) BUT a probability of finding a setup with min of 1.5 : 1 = reward : risk ratio with min of 40% “chance” from trader edge ..George Soros : It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
Gold back to 1830. Exp. ending diagonal. 26/April/22Gold’s Mr. Market seem still like “pricing in” US rate hike factors before announcement by FED on 4 May.. Its price structure still possible forming an expanding ending diagonal (highlights) as previous ideas where wave 4(yellow) allowed overlapping the terminal of wave 1 (yellow)..1850-1830 are confluence zone of 1) Major Long term Trend line intersection points ...2)Fibonacci 0.618 ( @ 1829.21 )..and etc..
GOLD short term updated 25/April/22Instead of viewing “static” e.g JPEG alike files on Android based device . Viewer are encouraged to “view” All trader posted ideas on Apple I.O.S or on PC desktop device/computer as it’s “more interactive “ by zooming in/out the posted chart and clicking the “play button” to “see” “the before and after” results..P/s Some have “no patience “ to wait for bigger time chart” as It took “longer time” to “see” the before and after “result” but In fact “ bigger time frame chart e.g yearly/monthly /weekly ” is the only charts could let us “learn and study” where “the flow “ of liquidity/supply/demand Zone located etc...
Bitcoin short term updated 24/April/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
Gold short term updated 23/April/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaime
Bitcoin short term updated 23/April/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
Gold. “Independent thinking” on trading. 22/ April/22We’re dealing with “evolving “ world. One things is “constant”..is “change”.... To have a “constantly, consistent “ trading result . Once probably have to “ adaptive “ to market’s or others opinions “subjectively”.. Even A A.I/ Suoercomputer Quants trading system need to “hear” the “voice from the market”....by “gathering “all “big data available “ on net etc...So as individuals traders by “listening “ to other’s ideas/ opinions “ subjective ly probably would make us a “good traders”..AND....there is no point “arguing “ with Mr. Market or others traders..At the end traders are the only one to “click” the buy/sell button not others! And to have “independent” thinking . traders should be listening to others’s / Mr. Market “evolving opinions “..