BJCORP nearing the Entry Price at 1.18

As mentioned previous for safe investor, Entry price for this counter at 1.18...

Entry Price - 1.15 (Risky)
                     1.18 ( Caution Trading for this special counter)

Stop Loss = 1.04
                     1.0 ( Run for your life)

 Take Profit = 1.28

Now it is at 1.16... Wait wait first..

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

http://edwinextremebullrun.blogspot.com/search/label/FORUM

Everybody's Favourite BJCORP

I am not sure what is the investor magnet for this counter BJCORP but many investor are attracted to invest in this counter.. Must be VT charisma... ( Just Kidding)

Observation
1) Trend Line - Broke the Sideway Trend line but can this able to sustain in this highly manipulative counter ( Bullish)
2)MACD - 4R1G signal at 27 Jan and going toward for bullish Crossover (Slightly Bullish)
3) RSI - Now going up to test  Oversold Line at 30% and now is about 25.4 ( Slightly Bullish)
4) ADX - Momentum weak ( Sideway trend) and the Bull is french kissing the Bear ( Waiting for Confirmation)


Conclusion

Entry Price - 1.15 (Risky)
                     1.18 ( Caution Trading for this special counter)

Stop Loss = 1.04
                     1.0 ( Run for your life)

 Take Profit = 1.28 ( If lucky hehe)


Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

http://edwinextremebullrun.blogspot.com/search/label/FORUM

Volume Distribution on Stocks

Today lets us review on a few stock picks based on the volume distribution to analyze whether the buying or selling interest is there..


1) ALAM (Buying Interest based on 50K~150K Lot Value - Bullish)

2) BJCORP (Selling Interest even though with slight buying interest on the last day-  Slightly Bearish)
 

3) MPHB ( Undetermined but buying interested is slightly back on the last trading day)

4) AFFIN ( Buying interest high - Bullish)

5) BIMB  ( Selling Pressure is high - Bearish)

6) AIRASIA ( Undetermined -- Bear and Bull draw still awaiting the winner)

7) SPSETIA ( Huge Selling Pressure due to private placement - Bearish)

Trading Sideline - BJCORP

Broke the downtrend line and now going sideways and now currently the Bear and Bull are fighting to decide whether bull or bear in next week. Guess who will win and who will lose??


Answer : Winner VT and Loser Retail investor

Observation
1) Trendline - Sideway Trend line
2) MACD - 4R1G ( potential bullish) and waiting for bullish crossover
3) RSI - Oversold at 12.5% and wait for 30% breakout for Bullish attack
4) ADX - Momentum poor at 24 ( Sideway trend) and bearish

Conclusion
We need to wait before going in this

Entry Price - 1.15 with high volume at 8.8M
Stop Loss - 1.0 ( Better run away if hit below this)
Taking Profit - 1.28

VT Counter rebound?

Why many people wants to buy this counter which is making lose a lot while they can place their money on other good sector like Oil and Gas or Steel counters.. This is what you call share market hehe

Observation
1)Trend Line - Bearish and below the downtrend line.
2) HL - Testing the previous Higher low at 1.07 and break this will confirm that this counter will go for bigger discount rate where everybody will be happy to go and buy again. Please do not fall into this trap again to buy a falling knife
3) MACD - Bearish Signal getting stronger. The red line is leaving the blue line bigger and bigger everyday. So do you still want to buy this falling knife?
4) RSI - Plunging below 50 bearish sign
5) ADX - Volume Momentum at 29 which show stronger downtrend taken place

Conclusion
Please do not buy this falling knife because it is very dangerous..S1 1.07 and S2 is 1.03 and once break this support line it will be free fall to 0.92 which will be like more than 20% losses. No good for angpow money .. :(

VT counter going down again...

Always beware of this kind of counter which is very easy to be manipulate and because it does not have the fundamentals strength to sustain it will be normally goes down

Today broke the uptrend line and next support at 1.07 and 1.03 with bearish parameters to support the bear trend.

Just beware fellow friends

BJCORP

Just posted yesterday

As Predicted it went down.

Everything is looking negative and MACD is kissing with a kiss of death. Time to take profit and wait till it retrace lower

BJCORP

Request from my visitor Syed,

Lets have a last view before i go sleep.

Observation
1) Uptrend Line - Tested the uptrend line on Jan 14 and rebound slight. WIll need to monitor this on Monday and if break the last supprt at 1.12 run...
2) HH - Formed higher high at 1.29 and retrace back. Previous HIgher low at 1.07
3) MACD- The red signal is chasing up the blue signal, not a good signal because this is show high chances of further bearish
4) RSI - Overbought and now broken down below 70% rsi to retrace further
5) ADX - At high level with strong momentum at 38 and downtrend

Conclusion, high chances of further downside until 1.12 with the current trend and current parameters