Feel free to add any additional info.
1• First off, the chart. A TML, the stock has advanced close to 65% since the breakout above it's flat base back in Nov 2023.
Over the past 5 weeks, we are seeing constructive and tight price action.
Liquidity wise, the stock's average 50 day volume is around 1.5mil/shares.
Jul 14, 2022 • 31 tweets • 4 min read
Key points from the first 100 pages of ⚜The Handbook of Technical Analysis⚜ by Mark Andrew Lim
(This is part 1, there are a 1000 pages, so will cover the entire book in 10 sections)
#technicalanalysis
{1} It is not only the mechanical action of buying low and selling high that counts, but also the timing of the action itself that is critical.
Feb 26, 2022 • 19 tweets • 6 min read
My 17 page report on the All Share Price Index
While no method can catch the exact bottom, several key indicators and price action suggest that we have reached or very close to reaching a possible bottom
No guarantees, but I continue to remain positive for this year #stocks
Dec 11, 2021 • 13 tweets • 5 min read
How long will CSE's bull market continue for?
I have used the 200DSMA as the filter which is what most use. We look at how well it has filtered out price action for the past 20 years
#stocks#SriLanka#lka
As you will see the indicator alone is not enough to confirm a trend. There have been times where price action has whipsawed giving false signals. All indicators give false signals at times so nothing is 100% accurate
Dec 10, 2021 • 6 tweets • 4 min read
Analysis below are for RIL, ODEL, ASIY, TAFL, CIC
Not IA, Do ur own DD and make the trade ur own
Do u guys have any of these? #stocks#StockMarket#investing#RIL - Need to see a breakout for confirmation. Volume needs to follow through on the move with prices closing above resistance
Please note that this is not IA, Do your own DD and make the trade your own
#StockMarket#Investment#SriLanka#COVID19LK#SFL - Right on support, volume has also come down which is good. Pretty much no sellers, but that in itself is not a proper buy signal. Ideally would like to see buying pressure come early next week
Oct 29, 2021 • 9 tweets • 5 min read
Analysis for TAP, SUN, MGT, GREG, CIC, SIRA, EDEN, GLAS
I will post the rest soon.
Note, this is not IA, Do your own DD and make the trade ur own
#SriLanka#stocks#TAP - Looks good near support, volume has also declined on the pullback. Need to see a volume pick up now. Risk is mentioned
Good breakout and pulled back to support, so far 2 days into the week and prices have almost recovered last week's losses
Approaching strong resistance at 3670
And then again around 3880 - Trend remains very bullish #BRWN - Only company out of the LOLC group that has pushed above ATHs. Excellent breakout today and with BIL on the move, this is heavily correlated to it and likely to move alongside BIL
