Patrick Stock Reading

Friday, December 23, 2005

China Sun


Mid term uptrend intact, however daily chart post total different picture. Mid term risk is high as hte price may trend downward strongly, due to the current formation as shown in the chart.

Near term support at 0.425, if broken, if will go further down, and a confirmation of head and shoulder formation. The blue arrow is pointing at the MA to show a false golden cross is formed here. The best strategy to trade in such formation is write a put warrant, I guess.

Knew you will comment on the put warrant. :)
As mentioned, FOR SUCH FORMATION, in general, frankly, I knew nut about call and put option not to mentioned warrant. I don't call myself an expert and am learning how to trade, thanks for giving me chance to learn.

19 Comments:

  • Merry Christmas and Have a Great 2006 ahead. Cheers to your blog

    By Blogger Dreamer, at 8:38 PM  

  • ChinaSun always sell down between 0.46-0.48. I feel it is more like a control counter. Price range is small. Should avoid. Placement so many times at 40+cents. I feel it is a dangerous counter to jump in.

    By Anonymous Anonymous, at 9:11 PM  

  • Merry Christmas dreamer. :)

    Thanks for sharing anoymous. if one had already brought this counter, and lossing money now, what would you recommend for him/her to stay invested with this counter?

    By Blogger Patrick, at 11:18 PM  

  • likely to go down and stay below 0.38 again.

    Tamamugachi

    By Anonymous Anonymous, at 2:01 AM  

  • boring! everything is so boring!!!

    TT Durian'

    By Anonymous Anonymous, at 1:17 PM  

  • Trying to talk down China Sun and collect it cheap, huh? How despicable!

    China Sun Supporter

    By Anonymous Anonymous, at 1:26 AM  

  • I have no vesting interest in chinasun. some cyber friends had highlighted this share somewhere sept in cna forum, if I had any interest in owning this counter, it will be then.

    Dear friend, here I'm talking about likely trend,there is no one 100% right about TA. and one chart can be read differently by two individual. If I'm right on all my posting, I won't be doing what everyone is doing, right?

    I'll have a lifestyle that you and me will find it ridicular, and friend, please let me share with you, there is people in singapore having a lifestyle that you and me could only dream of, and I saw it with my own eyes for one solid month. Sorry, can't share the details with you as it is highly confidential, it is not despicable, in fact very healthy and active.

    By Blogger Patrick, at 1:43 PM  

  • "Click click" to show support. Cheers to the coming year.

    By Blogger Dreamer, at 7:26 PM  

  • Thanks for the link. But I think there is an error there.

    By Blogger Dreamer, at 7:28 PM  

  • dreamer, will get the error corrected soonest.

    By Blogger Patrick, at 11:15 PM  

  • nice blog :)
    Happy New Year 2006!

    By Anonymous Cheras, at 11:17 PM  

  • Thanks cheras,

    Happy new Year to you too.

    By Blogger Patrick, at 12:25 AM  

  • Many wrong le, allmost all chart wrong. Must do own homework, ok? Ponderring, ponderring.

    Minni

    By Anonymous Anonymous, at 10:10 PM  

  • Everyting wrong le? how come huh?

    ponderring ponderring...

    Minni

    By Anonymous Anonymous, at 12:45 AM  

  • Sorry folks, Please checked the postng date.

    Content was means for 23 dec 05, with a 15 and 30 MA. during which it was on the down trend and I said that if it contiune to break down, it is going to be very strong as this will be a head and shoulder formation, However, one should not conclude as a confirmation of H&S. I don't want to be a fool to predict a H&S formation. What if it fail H & S.

    By the way, No TA is 100%, I repeat, NO TA IS 100% right. If I'm 100% right all I need it sell my house and make one solid trade and retire immediately. :D

    May be sometime come out to play play and give advice and make some $ just for fun.

    By Blogger Patrick, at 1:05 AM  

  • China sun cheong! cheong! cheong!

    ChinaSun Supoter

    By Anonymous Anonymous, at 2:09 PM  

  • China Sun still cheonging!

    ChinaSun Suppoter

    By Anonymous Anonymous, at 5:51 PM  

  • Still no vested interest in china sun? the whole world already has! Come on!

    Long On Sun

    By Anonymous Anonymous, at 10:55 PM  

  • then hor.. then horr.. I want to buy the put warrant how?

    By Anonymous Anonymous, at 12:13 AM  

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