Am Asia Ex Jap Discussion Threads

[homebrewruss] 13/12/2019 10:21

Cheers bamboo

[bamboo2] 12/12/2019 22:28

russ, GAN looking positive for an INVH&S [green necklines], but still a chance of a H&S [red] Next turn 16/12/2019




qruz, sorry to see what has happened to FUM

[homebrewruss] 10/12/2019 19:57

Thanks bamboo, I've reduced my holdings across the portfolio slightly, including SAVP and JSE to hedge against a hung parliament on Friday and will probably buy back in on Friday. Interesting to see how it plays out..

[bamboo2] 10/12/2019 19:50

russ, I took profit on WAND and bought a few thousand GAN on a potential turn on the last market based chart. Also a few AAZ.

Ballsed up my timing with SPE, so averaged down this afternoon.

Potential turn for SPE, SAVP, JSE tomorrow.

Hope I have got the direction correct.
Expecting markets to pick up Thr/Fri

[homebrewruss] 08/12/2019 06:56

Cheers bamboo, I actually sold GAN in the end around 140 and bought back in last week at 123p.

Generally I'll look to keep a core holding and buy the dips but this could be a good one to trade as it has a good following now and there are 3 sets of stats released each month between the 10th and 18th which should give the share price a boost (aside from any other news).

[bamboo2] 07/12/2019 17:02

Gan, next turn 16/12/2019
Could find resistance at green neckline [also h resistance] , forming rhs of an invh&s, leading to tp near recent high.

[bamboo2] 04/12/2019 22:03

AAZ, a rash of turns appearing on the chart over the next week or so.
4/12 [x2], 10/12 [x2], 13/12.

Just possible this could drop down through the tight band of supporting smas. Watch for eod close below approx. 138

[homebrewruss] 03/12/2019 20:15

Thanks for the explanation. Another potential invh&s forming on PTAL:

[bamboo2] 03/12/2019 20:08

Hi russ, I try to make money, and do have particular target prices in mind, but not bothered by percentages. I'll take anything! I have been trying to hold positions longer term.

I'm currently still studying these potential turns, and working out how to use them to best effect. Through close study, comparing charts with the two main types of price input I have unfortunately discovered a significant problem with Tradingview last market price based charts. Their candles are not accurately plotted, and as a result apexes at the end of long trend lines can occur a either a day before, or after the actual turn. I am back on the mid price based charts now, so you should see more of them on advfn over the next few weeks.

I added savp on the turn, and the averaged down position is now in profit. Thanks for suggesting it.

[homebrewruss] 03/12/2019 19:54

Thanks bamboo, JSE is another one I'm interested in. do you have a minimum percentage move you look for when taking a position? 10%?

[bamboo2] 03/12/2019 19:51

JSE, Flag low was yesterday [added at 69.5], tp approx. 81.39
Turn 11/12/2019

[bamboo2] 27/11/2019 21:37

savp, pretty sure about the potential turn. Confirmed tomorrow with an eod close above 19

[bamboo2] 27/11/2019 14:34

qruz, sorry I missed your post, will look later.

edit, fum, an eod close above green trendline confirms an invh&s tp approx. 42.7


SAVP, potential turn [x3] today.
Chart from a few days ago

[qruz] 20/11/2019 21:57

Hi Bamboo,

I'm still in FUM.

FUM did go back down to 22 inter day a few weeks ago, but is now back at 34, any update on the chart here to be aware of?

[bamboo2] 19/11/2019 23:17

russ, savp invh&s not yet confirmed, but has a potential turn tomorrow.

JSE, A two stage flag pole perhaps, with a current tp of approx. 86

Potential turn 20-21/11/2019

[homebrewruss] 11/11/2019 14:19

bamboo, great, thanks. That's what I thought especially having looked at some of the other H&S charts you have posted that have played out.

I'm still in GAN.
Expecting a small pullback at some point and have taken a few off the table but there will be non stop (good) news going forward with more states opening up and the existing US states which GAN service reporting each month with ever growing gambling revenue figures which will drop through to the GAN bottom line.
It's a long term hold for me now I think and I imagine pullbacks will get bought up as it seems to be on more radars now.

[bamboo2] 11/11/2019 14:02

russ, I wouldn't be particularly worried by the double head, or any handles on the up or downtrend that forms the head.

savp p looks a good invh&s. Confirmed on eod close above 28 tp is approx 38

Have you cashed in gan yet?

[homebrewruss] 11/11/2019 12:02

Bamboo, for a H&S or INVH&S how 'neat' does it need to be? ie is it ok to have a 'double head' (as below)?
For instance I was suggesting on another thread over the weekend that SAVP looked like and INVH&S to me (excuse the imperfect lines):

[bamboo2] 09/11/2019 15:40

AAZ Big m DT confirmed on eod close below 129.5, tp approx. 117
Necklines [pink]mark unconf H&S.
Potential turn 12/11/2019 [mid and LM chart]14/11/2019 LM

[bamboo2] 07/11/2019 09:31

hi russ, a few quick notes.

Bulkowski is not clear. In one sentence he says avoid loose and messy htf's, in another, it does not need to be pretty!

The htf concept is based around stocks that double in less than two months, my guess is that 90% is already a loosening of criteria.

Given the htf criteria and comparing with flags and pennants suggests the name htf, is a misnomer.

[homebrewruss] 06/11/2019 09:53

Thanks bamboo, agreed on the messy flag :)

Obviously bulkowski analysed all the charts and had to create a cut off point for each pattern. In this case 90% rise for htf patterns but I'm sure there's probably a good success rate for patterns that fall just beneath that ie. 85% rise in 2 months which GAN did pretty much achieve.
It makes sense to stick with his patterns for best results but there probably is scope to accept lower criteria in some instances, perhaps combined with your apex based turns.

GAN looking good today anyway :)

[bamboo2] 05/11/2019 22:37

Hi russ, the gan flag is a bit of a mess tbh!

New one....

TM17 pt 8/11/2019, 18/12/2019
H&S [unconf] tp approx. 265, Gap on LM chart 269

[homebrewruss] 05/11/2019 21:15

Thanks bamboo, I think you're right on closer inspection re GAN. It just failed to make a 90% rise from 66.8p on 28th August until the end of October.

Re the tightness, Bulkowski says 'it usually doesn't look like a flag or a pennant just a pause in the price rise' so maybe that's less of an issue but the missing the 90% price rise probably is.

[bamboo2] 05/11/2019 21:04

SPE, pt 6/11/2019
Flag tp approx. 1000

[bamboo2] 05/11/2019 20:52

Hi russ, I was just looking at gan. I'm not sure it is a htf, not quite high or tight enough, but happy to be corrected if anyone knows better.

Instead I would treat this as a flag or pennant. Using Bulkowski's half staff concept a tp around 167 is possible. Needs eod close above 128 to confirm upbreak, or below 115 to confirm downbreak.

Next potential turn 7/11/2019