The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Trading Journal  EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Trading Journal  EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Trading Journal  EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Trading Journal  EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Trading Journal  EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Trading Journal  EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Trading Journal  EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Trading Journal  EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Trading Journal  EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Trading Journal  EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Trading Journal  EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Trading Journal  EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Trading Journal  EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Trading Journal  EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Trading Journal  EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Trading Journal  EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Trading Journal  EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Trading Journal  EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Trading Journal  EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Trading Journal  EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Trading Journal  EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Trading Journal  EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Trading Journal  EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Trading Journal  EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Trading Journal  EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Trading Journal  EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Trading Journal  EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Trading Journal  EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Trading Journal  EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Trading Journal  EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Trading Journal  EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Trading Journal  EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Trading Journal  EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Trading Journal  EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Trading Journal  EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Trading Journal  EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Trading Journal  EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Trading Journal  EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Trading Journal  EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Trading Journal  EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Trading Journal  EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Trading Journal  EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Trading Journal  EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Trading Journal  EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Trading Journal  EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Trading Journal  EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Trading Journal  EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Trading Journal  EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Trading Journal  EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Trading Journal  EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker


+22
Topcat
sanjulanka
lanka
PANTOMATH
Brave Heart
nihal123
serene
First Guy
007
yellow knife
කිත්සිරි ද සිල්වා
roshana7549
blacknights
Future123
jack18
Axe
Backstage
CK
slstock
pathfinder
Yin-Yang
xmart
26 posters

    Trading Journal

    xmart
    xmart
    Top contributor
    Top contributor


    Posts : 732
    Join date : 2015-01-17

    Trading Journal  Empty Trading Journal

    Post by xmart Wed Jun 22, 2016 8:35 pm

    Hello Tech Pals,

    Some times back NC started a trading journal for himself. I found the practice useful to identify tech setups, performance and personalities of stocks with ASI. therefore, i am initiating this thread to discuss tech prospective of any share (better to mention whether its backed up by fundamentals)

    I am not a guru but a curios soul trying to find out waves and rhythm of the market. no one should take any particular set up of trend as a buy/ sell recommendations. be kind enough to do your own studies before execute any order.

    good luck all
    xmart
    xmart
    Top contributor
    Top contributor


    Posts : 732
    Join date : 2015-01-17

    Trading Journal  Empty Re: Trading Journal

    Post by xmart Wed Jun 22, 2016 8:53 pm

    JKH.N0000

    Trading Journal  Jkh10

    After bottomed out at 140 JKH is making a higher low. 10 MA cross above 20 MA while MACD give bullish crossover. JKH is being accumulated though the price remained unchanged.

    3 major Elliot waves were finished. are we looking at new wave forming or a retraccement?

    anyway, my reading says JKH should reach 185 before forming a new trend either down or up.

    any thoughts?
    Yin-Yang
    Yin-Yang


    Posts : 1321
    Join date : 2016-03-12

    Trading Journal  Empty Re: Trading Journal

    Post by Yin-Yang Wed Jun 22, 2016 10:50 pm

    My gut feelings says...
    buy at 150 and sell at 165 and be satisfied with it.

    දැනට වේලිච්ච කොටි මස් කාපල්ලා. නරියා අමු මස් ගෙනෙයි.
    pathfinder
    pathfinder
    Top contributor
    Top contributor


    Posts : 1450
    Join date : 2014-02-23

    Trading Journal  Empty Re: Trading Journal

    Post by pathfinder Thu Jun 23, 2016 7:45 pm

    X-mart JKH still hasn't form a bottom,so taking it as higher low is not acceptable,Anyway it's being collected.
    xmart
    xmart
    Top contributor
    Top contributor


    Posts : 732
    Join date : 2015-01-17

    Trading Journal  Empty Re: Trading Journal

    Post by xmart Thu Jun 23, 2016 8:26 pm

    Path, Agree on that higher low. still the leg has not fully formed. together with rest of indicators i made a bold judgment.

    as YY said, i do hope 150 would hold (for everyone's sake) if bounced at 150 then immediate resistance will be at 160-165. in that sense YY correct as per the prevailing market condition much cannot be expected.

    since i have used 1 week chart here and major 5 waves were finished there should be a correction. it can either be flat, zig zag or upward. if downtrend to presume ASI should break 6000 mark again (which is not a good sign).

    thanks guys!
    slstock
    slstock
    Veteran
    Veteran


    Posts : 6216
    Join date : 2014-06-12

    Trading Journal  Empty Re: Trading Journal

    Post by slstock Fri Jun 24, 2016 6:06 am

    Good initiative.

    I think,

    best to wait till the jkh split is done so you can revisit the trend.
    xmart
    xmart
    Top contributor
    Top contributor


    Posts : 732
    Join date : 2015-01-17

    Trading Journal  Empty Re: Trading Journal

    Post by xmart Mon Jul 11, 2016 11:13 am

    thanks all. lets look at ASI daily

    Trading Journal  Captur11

    at 6380- 6400 we are facing a down trend line resistance. this is a crucial hour to decide the direction of the ASI in coming days.

    if we break 6300 again, it will violate the medium term up trend line. still 6250 would give a strong support. 6250 to 6450 there would be ranging action as per my reading. again i may be wrong!

    technically breaking above 6440 would give a sign of a new up trend.
    CK
    CK
    Active Member
    Active Member


    Posts : 1393
    Join date : 2015-11-01

    Trading Journal  Empty Re: Trading Journal

    Post by CK Mon Jul 11, 2016 11:47 am

    Thanks xmart. please keep updating this link.
    Backstage
    Backstage
    Top contributor
    Top contributor


    Posts : 3803
    Join date : 2014-02-24

    Trading Journal  Empty Re: Trading Journal

    Post by Backstage Mon Jul 11, 2016 12:30 pm

    CK wrote:Thanks xmart. please keep updating this link.

    yes yes yes...
    Axe
    Axe


    Posts : 251
    Join date : 2014-02-23

    Trading Journal  Empty Re: Trading Journal

    Post by Axe Thu Jul 14, 2016 2:51 pm

    Hi Xmart, Thanks for the previous updates..

    Now that ASI is above 6400 what is you expectation of its value in the coming weeks?
    Yin-Yang
    Yin-Yang


    Posts : 1321
    Join date : 2016-03-12

    Trading Journal  Empty Re: Trading Journal

    Post by Yin-Yang Thu Jul 14, 2016 5:04 pm

    On a serious note:
    This thread appears to be getting better.

    Just sharing my random feeling on market's mentality.

    Referring to xm's picture,
    I feel, if this is going to be an uptrend in medium scale, the rise should be much steeper than the drawn line. I would say, if this is going to be an uptrend we should witness ASI near 6800 within this month.

    Otherwise, market will range at least for another 3 more months.

    A slower rise will never make it above 6800.


    As said somewhere else;

    To pull out a deep shit stuck elephant, we need an equal or a bigger jumbo.
    xmart
    xmart
    Top contributor
    Top contributor


    Posts : 732
    Join date : 2015-01-17

    Trading Journal  Empty Re: Trading Journal

    Post by xmart Mon Jul 18, 2016 8:53 pm

    thanks all,

    ASI is hovering around 6400-6420. breaking above 6440 with a volume support may fuel next big move up. but upward momentum is getting reduced it seems. ASI may consolidate just below 6400 and break above or retreat to 6300 max and will test the resistance at 6440-6450.

    will see the chart at end of july. good luck all!
    xmart
    xmart
    Top contributor
    Top contributor


    Posts : 732
    Join date : 2015-01-17

    Trading Journal  Empty Re: Trading Journal

    Post by xmart Mon Aug 01, 2016 10:22 pm

    hi all, its 1st of Aug and lets look at the chart

    Trading Journal  Captur12

    the good news is ASI breaks the short term resistance trendline and ranging between 6380-6420. looking at the volume this is a healthy consolidation to the next level. the next resistance level would be near term high 6680-6700. which is 50% fib of the great fall. therefore, this resistance would be hard to break.

    anyway, if ASI to stay in positive territory it should break the rectangle and move up. there are few options at that stage

    option 1: follow by the rectangular consolidation (which is a reliable continuation pattern) ASI should go up. 6500 would be a challenge but there should not be much resistance. (ref date by 20/8/2016)

    option 2: if PM gave a shock with his policy decisions market will react negatively and break the rectangle down, but panic selling would find buyers around 6350-6380 and start the journey to test 6680 level. (ref date by 27/8/2016)

    option 3: PM gave a big shot with unexpected capital gain, unfavorable economic policy, another world turmoil would bring ASI to 6250. which is unlikely but cannot rued out.

    therefore, shall we expect something exciting around end of august?

    good luck
    CK
    CK
    Active Member
    Active Member


    Posts : 1393
    Join date : 2015-11-01

    Trading Journal  Empty Re: Trading Journal

    Post by CK Tue Aug 02, 2016 6:06 am

    thanks X.
    xmart
    xmart
    Top contributor
    Top contributor


    Posts : 732
    Join date : 2015-01-17

    Trading Journal  Empty Re: Trading Journal

    Post by xmart Wed Aug 10, 2016 8:18 pm

    so far so good. we got confirmed signals for option 01. are we looking at 6700 at end of the month? bounce
    Axe
    Axe


    Posts : 251
    Join date : 2014-02-23

    Trading Journal  Empty Re: Trading Journal

    Post by Axe Thu Aug 25, 2016 3:32 pm

    Guys I was looking at a few chart patterns lately and was keen on ACME chart formation.

    It looks like the weekly chart has broken a resistance of 7.70 with this week's trading with some considerable volume. It looks like an ascending triangle pattern. Just wanted to let you guys know. I am not good with charts so better to confirm yourselves..

    I cannot seem to put a picture up here but when I can I will, may be later tonight.
    Axe
    Axe


    Posts : 251
    Join date : 2014-02-23

    Trading Journal  Empty Re: Trading Journal

    Post by Axe Thu Aug 25, 2016 9:36 pm

    Here is my chart... Let me know if you agree..

    Trading Journal  Acme_210
    xmart
    xmart
    Top contributor
    Top contributor


    Posts : 732
    Join date : 2015-01-17

    Trading Journal  Empty Re: Trading Journal

    Post by xmart Thu Aug 25, 2016 10:56 pm

    axe,

    still the pattern is too early to be ascending triangle. this could take many forms. the good news is ACME had come out from MT resistance trend. making that "W" with a higher low after a downtrend is a good reversal point.

    there is a big resistance at 8.80-9.00 range. breaking above 8 will trigger the target of 8.80-9.00 range. furthermore, each stock has its unique way. if you carefully look at weekly candlestick chart you may see dojis at start and end point of each rally.

    CCI gave a buy signal at 7.60-7.80 level (22.08.2016) after 28.04.2014. which cannot be ignored very easily (for me)

    on financial note:
    this is still a loss making company. they went through a restructuring process, change management and reduced loss very well. if they produce a positive earning this will appreciate more. if they fail to return 'from loss making territory, then this technical rally might not sustained and may return to 6.5 level.

    good luck.

    P:S- i have collected this share from 6 to 6.60 averaging 6.20. my view might be bias but tried to give a balance view.
    Axe
    Axe


    Posts : 251
    Join date : 2014-02-23

    Trading Journal  Empty Re: Trading Journal

    Post by Axe Thu Aug 25, 2016 11:42 pm

    Thanks xmart for your input...

    I assume you are referring to Commodity Channel Index, am I correct? One question there, so there seems to be a lot of indicators available for tech traders, how would you select the most suited one?

    Thanks for pointing out the doji patterns..

    Good luck to you too.
    xmart
    xmart
    Top contributor
    Top contributor


    Posts : 732
    Join date : 2015-01-17

    Trading Journal  Empty Re: Trading Journal

    Post by xmart Thu Sep 01, 2016 10:37 pm

    xmart wrote:JKH.N0000

    Trading Journal  Jkh10

    After bottomed out at 140 JKH is making a higher low. 10 MA cross above 20 MA while MACD give bullish crossover. JKH is being accumulated though the price remained unchanged.

    3 major Elliot waves were finished. are we looking at new wave forming or a retraccement?

    anyway, my reading says JKH should reach 185 before forming a new trend either down or up.

    any thoughts?

    JKH rejected at 158-160 region (pre-split 182). i exited at 158 with 14% gain for short term. looks like its trying to consolidate around 150 before the conversion. looking at past price actions, after warrant conversion we may see a drop in share price and settle at 140-144 level before its real run. there is a big resistance at 165 level and i believe JKH need more fuel to break 165, 170 and then show its true colors. JKH will be a share for 2017-2018.

    xmart wrote:hi all, its 1st of Aug and lets look at the chart

    Trading Journal  Captur12

    the good news is ASI breaks the short term resistance trendline and ranging between 6380-6420. looking at the volume this is a healthy consolidation to the next level. the next resistance level would be near term high 6680-6700. which is 50% fib of the great fall. therefore, this resistance would be hard to break.

    anyway, if ASI to stay in positive territory it should break the rectangle and move up. there are few options at that stage

    option 1: follow by the rectangular consolidation (which is a reliable continuation pattern) ASI should go up. 6500 would be a challenge but there should not be much resistance. (ref date by 20/8/2016)

    option 2: if PM gave a shock with his policy decisions market will react negatively and break the rectangle down, but panic selling would find buyers around 6350-6380 and start the journey to test 6680 level. (ref date by 27/8/2016)

    option 3: PM gave a big shot with unexpected capital gain, unfavorable economic policy, another world turmoil  would bring ASI to 6250. which is unlikely but cannot rued out.

    therefore, shall we expect something exciting around end of august?

    good luck

    we have cleared for opt 01 and cleared 6500 and rejected at 6600 with month end and profit taking. i think it is most welcome pullback and much needed retracement to collect strength to break 6700, which recent high and will give a good fight to the bull. hey, its September and we can expect market to break its recent high and clear the path to 6850, 7000 marks in coming months. with the market everything may go up but only few will outperform the market.

    lets look at the chart.

    Trading Journal  Asi_9_10

    we may expect MT support to hold for now. 6680-6700 will provide some good fight for bull (0.5 fib) and it is essential ASI to break above 6700 to stay in bull trend. if rejected 6400, 6250 will provide some support, but highly unlikely with given market sentiment and September results. in a nutshell, i am expecting a super September.

    good luck all!
    avatar
    jack18


    Posts : 58
    Join date : 2015-05-19

    Trading Journal  Empty Re: Trading Journal

    Post by jack18 Thu Sep 01, 2016 10:43 pm

    Thank you Xmart for the detailed analysis
    xmart
    xmart
    Top contributor
    Top contributor


    Posts : 732
    Join date : 2015-01-17

    Trading Journal  Empty Re: Trading Journal

    Post by xmart Thu Sep 01, 2016 10:47 pm

    Axe wrote:Thanks xmart for your input...

    I assume you are referring to Commodity Channel Index, am I correct? One question there, so there seems to be a lot of indicators available for tech traders, how would you select the most suited one?

    Thanks for pointing out the doji patterns..  

    Good luck to you too.

    axe,

    sorry for delay in reply.

    well, yes there are lot of indicators and one should not messing around with too many of them, which will spoil the soup and give the cook a real headache.

    resistance, supports and price action are all based on crowd sentiment. there are some good indicators to back up your observations. one should play around and mater his eyes to see what really market is showing not what really you want to see. apart from RSI and MACD followings are useful and powerful indicators to help you to judge the market.

    1. ADX
    2. CCI
    3. Stochastic RSI
    4. William Alligator, Awesome oscillator
    5. Accumulation/ Distribution

    cheer!
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    Trading Journal  Empty Re: Trading Journal

    Post by Future123 Fri Sep 02, 2016 12:06 am

    Thanks Xmart
    blacknights
    blacknights


    Posts : 267
    Join date : 2014-08-28

    Trading Journal  Empty Re: Trading Journal

    Post by blacknights Fri Sep 02, 2016 1:05 am

    Thanks Xmart. As always great yet simple tech analysis.
    avatar
    roshana7549


    Posts : 280
    Join date : 2014-04-18

    Trading Journal  Empty Re: Trading Journal

    Post by roshana7549 Fri Sep 02, 2016 7:05 am

    Thanks Xmart for your Tech presentation.....

    Sponsored content


    Trading Journal  Empty Re: Trading Journal

    Post by Sponsored content


      Current date/time is Thu Nov 14, 2024 12:33 pm