Sunday, January 24, 2010

Technical Analysis

I have been looking at what happened to individuals stocks in the midst of a correction or selldown, and what interests me was only those with para raise was more affected. What this probably means might be the emphasis on index might be overrated

doing some individual study on certain stocks, first up,
Straitsasia
in its old bulltrend, its normal descend WITHOUT any rebound lasts from 3-4days with a % of 25-33% with an extended ATR. Currently in its bull run, descend: 4-5days, % - 9.5-12.5%
Olam
Lazy to do historical, but its what is correction in Feb 2007 was what surprised me with many other stocks similarly. Its trendline works better in the past
Currently, damn messy chart, nothing significant time spent below RSI 30 is less than 5 days
Capitaland
Old bullrun
DWAR 11% - 20% from 50EMA
Bear
DWAR 18% - 43% from 50EMA

No comments: