Wednesday, October 17, 2007

Reading multiple time frame

Let me start tonight's blog by sharing one of my methodology of Technical Analysis: Analysing multiple time frame.


SeeHS on the weekly chart, a classic rising wedge has formed. Why classic? Because the volume is declining just like a textbook rising wedge. My own interpretation of RSI current shows that the weekly price chart is under selling pressure. If price close near the lows on the weekly chart, my CFD is ready... keke Today I was abit more hardworking and walked over to finally get the account ready after months of talking about it. What I don't like is the cost of finance which stands at 4%...


The daily chart of SeeHS paints a totally different picture. Oscillators showing oversold, bullish engulfing pattern is formed based on last trading day and of course, I was attracted to this stock because of my daily XPertTrader screening rule, MacDHistogram signal. Looks like coming days we may see higher price for SeeHS.

No follow through in selling! Hurray! For a moment, I thought market is going to teach me a lesson for being too opinionated. I noticed many stocks finish the day closing away from the lows. Tonight, I am interested to know all the stocks that behave this way. How am I going to do that? : ) Using XPertTrader, I screened and found 35 nice hammers. Just by a click of a button! It cannot get more simpler than this. Tonight I shall share this list with you.

ChartNexus XPertTrader Screening Results:
No. Stock Name Triggerred Date Triggerred Rules
1 AdvSCT 17 Oct 2007 ((Hammer))
2 Ascendasreit 17 Oct 2007 ((Hammer))
3 Asia Env 17 Oct 2007 ((Hammer))
4 BakerTech 17 Oct 2007 ((Hammer))
5 CapitaComm 17 Oct 2007 ((Hammer))
6 Celestial 17 Oct 2007 ((Hammer))
7 ChinaAOil 17 Oct 2007 ((Hammer))
8 ChinaFish 17 Oct 2007 ((Hammer))
9 ChinaKangda 17 Oct 2007 ((Hammer))
10 ChinaMilk 17 Oct 2007 ((Hammer))
11 CITYDEV 17 Oct 2007 ((Hammer))
12 CourageMa 17 Oct 2007 ((Hammer))
13 DBS 17 Oct 2007 ((Hammer))
14 Ellipsiz 17 Oct 2007 ((Hammer))
15 Enzer 17 Oct 2007 ((Hammer))
16 GuangzhaoIFB 17 Oct 2007 ((Hammer))
17 HG Metal 17 Oct 2007 ((Hammer))
18 Hiap Seng 17 Oct 2007 ((Hammer))
19 Jade 17 Oct 2007 ((Hammer))
20 KS Energy 17 Oct 2007 ((Hammer))
21 LC Dev 17 Oct 2007 ((Hammer))
22 Lian Beng 17 Oct 2007 ((Hammer))
23 Man Wah 17 Oct 2007 ((Hammer))
24 OKP 17 Oct 2007 ((Hammer))
25 OrchardP 17 Oct 2007 ((Hammer))
26 Ouhua 17 Oct 2007 ((Hammer))
27 Parkway 17 Oct 2007 ((Hammer))
28 Pine Agritech 17 Oct 2007 ((Hammer))
29 RafflesEdu 17 Oct 2007 ((Hammer))
30 SembCorp 17 Oct 2007 ((Hammer))
31 SingHldg 17 Oct 2007 ((Hammer))
32 Sinwa 17 Oct 2007 ((Hammer))
33 SPH 17 Oct 2007 ((Hammer))
34 SuntecReit 17 Oct 2007 ((Hammer))
35 Synear 17 Oct 2007 ((Hammer))

XPertTrader is not just a software... it is a lifestyle choice... with it, you are spoilt for choices of what you can do. It saves time and makes analysis fast, simple and efficient. Our job as a trader is to analyse charts and identify the next opportunity. It's your choice if you want to run or walk in trading. I have chosen to saves precious time. 3 easy steps each night..... Start XPertTrader, click Stock Screener, click Start Screening. The next golden opportunity is just a click away!

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.