Patrick Stock Reading

Monday, December 19, 2005

M1

Touches near term support today with a black candle, if breakdown, from this support, will see more down side and it may test the next low at $2.01. If price were to fall to this level, doubt that it could hold @ $2.00. Indicators shown in the chart are moving downward.

Weekly chart, with 30-60 day MA, uptrend intact but rather weak.

Previous posting

First a evening star, then a hanging man, Friday a black candle, Thursday and Friday, with day high both at $2.20 and a Tweezer top formed Will is slip on Monday?

Near term support is at $2.11.Currently range trading. All indicators in coming down, a correction? may be . When, and how far will it go? Sorry no ideal

Mid-term trend intact, may buy on dip. When to buy? Am using support level as guide, at suport level, will monitor volume, when selling volume is drying up at certain price said at the $2.11 and buying volume increase, this is where the entry point I'll be aim at.


Vesting interest..

24 Comments:

  • so lan. never see so lan blog before.

    heehee!

    By Anonymous Anonymous, at 10:33 PM  

  • boo!

    By Anonymous Anonymous, at 1:51 AM  

  • too many low quality blogs around. can't even write properly.

    By Anonymous Anonymous, at 10:42 AM  

  • From China one?

    By Anonymous Anonymous, at 12:53 PM  

  • yee.. sicko.

    By Anonymous Anonymous, at 2:40 PM  

  • This comment has been removed by a blog administrator.

    By Blogger Patrick, at 10:12 PM  

  • Thanks for your commends.
    It does not matter how I write, becasue I knew too well about my english. what is important is for other to understand what I'm writing and gain from it. The different between you and me is I read and work double hard to understand what i'm reading, practice what i had understand and gainning , while you going around making unproductive commends to pack boost your egoism, and confident. Is this due to inferior complex, hope not. May your trade be as profitable as you commend.

    By Blogger Patrick, at 10:17 PM  

  • colections:

    comments not commends
    English not english
    others not other
    difference not different
    doubly not double
    practise not practice
    understood not understand
    gained not gaining
    comments not commends
    confidence not confident
    commented not commend
    ...

    Soooo many errors, erh? where did you learn your English?

    By Anonymous Anonymous, at 12:18 AM  

  • Patrick

    Dont be dishearten huh, you hv my full support :=))

    Veron

    By Anonymous Anonymous, at 10:39 AM  

  • Hi Patrick

    Dont be dishearten huh, you hv my full support:=))

    Veron

    By Anonymous Anonymous, at 10:44 AM  

  • Bravo to you Patrick. You are a man of sterner stuff (strong character). There are people like me (my friends and fellow forumers) who do look forward your contributions. You would soon overcome your 'shortcomings' because of your courage. ... stockhunter.

    By Blogger Stockhunter, at 6:53 PM  

  • Hi Patrick,

    Do your best and keep up your good work!

    By Blogger Kaze, at 8:27 PM  

  • Hi School teacher and anonymous, am not sure whether both of you are the same person. thanks for pointing out my errors, and accept it with open heart.

    By Blogger Patrick, at 10:16 PM  

  • Hi Kaze, Hunter, Veron,

    Thanks for the encouragments. :)

    By Blogger Patrick, at 10:23 PM  

  • hi Patrick,

    Kudos for the effort! Keep it up! :)

    Taz

    By Anonymous Anonymous, at 10:31 PM  

  • hi Patrick,

    Kudos for the effort! Keep it up! :)

    Taz

    By Anonymous Anonymous, at 10:32 PM  

  • kudos for the effort Patrick! Keep it up! :)

    Taz

    By Anonymous Anonymous, at 10:33 PM  

  • hi Patrick,

    Kudos for the effort! :)

    We all learn everyday, learning makes us wiser.. :)

    Keep up the good work!!:)

    Taz

    By Anonymous Anonymous, at 10:48 PM  

  • kena sabo, kekeke!

    don't anyhow write loh!

    regards,
    Kat

    By Anonymous Anonymous, at 1:15 AM  

  • patrick,

    Hey it's a nice blog you have !!

    Just write out your thoughts. This is the spirit of blogging, isn't it ? Also, the most important thing is the learning process and of course, along the process, earn the big bucks, hehe.. ;)

    Keep the good effort up, my friend. :D

    Regards,
    hybridvestor

    By Anonymous Anonymous, at 1:41 AM  

  • Patrick, dont be disheartened by all this sarcastic remarks, I am also not good in English. I do not intend to be a journalist, neither do I want to be a English teacher.We just write for our passion for stocks and charts.
    Cheers and Merry Christmas

    By Blogger Dreamer, at 8:36 PM  

  • encourage to make more mistakes, eh?

    Tamamuchi

    By Anonymous Anonymous, at 6:51 PM  

  • Many thanks to all my friends,

    wishing you all a Merry Christmas and Happy New Year.

    By Blogger Patrick, at 11:23 PM  

  • were u from ulu siglap or sanila utama school?

    Kania

    By Anonymous Anonymous, at 2:06 AM  

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