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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Technical Analysis for LGL.N

Technical Analysis for LGL.N

+10
Universalgoal
Paypal
rcharindu
Jana1
investor1984
bakapandithaya
windi5
invest-abc
Rajaraam
Roboticfx
14 posters

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1Technical Analysis for LGL.N Empty Technical Analysis for LGL.N Sat Oct 08, 2011 9:51 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Friends,

I would like to present my 2nd technical research in this forum. This is about Laughs gas voting shares which is discussed by many people these days.

THIS ANALYSIS ONLY VALID FOR UPCOMING DAYS OF NEXT WEEK.
NOT FOR LONG TERM.

All comments about this research are highly appreciated. Anyone who know about the financial side of Laughs Gas company well can publish the fundamental analysis also here.

Very Happy Very Happy Very Happy



Last edited by Roboticfx on Sat Oct 08, 2011 11:00 pm; edited 3 times in total

2Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sat Oct 08, 2011 10:41 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

[img]Technical Analysis for LGL.N Lgl10[/img]

Please refer to the first chart(top) first. The red line is the parabolic SAR. Look it doesn't show a uptrend or downtrend further. It says current situation will continue to the next day. But you can see a small line has crossed the purple area at the end.(above). That gives us a sell signal.

Lets we move on to the second one. In this chart you can see the orange line has passed the 70 level. So, buying at this price level is not recommended. But it is a straight line. That means a day trading can be done. risky; But you can try it.

Third chart also shows an upward. It says also day trading can be done. (Don't hold this share more than 3 days.)

MACD chart is the special chart on this share. You can see the blue line has crossed the orange line at the circled area. That's a sell signal. But blue line is still below to the o level and the orange line has crossed the 0 level, below to above. So, a further upward can be expected on Monday.

Note: This research is based on the data of last Friday. LGL is a hot share in CSE these days. So, this prediction may change as of a sudden and hopeless change in the price. Be watchful! cyclops

Happy Trading!

Thank You!

Very Happy Very Happy Very Happy

3Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sat Oct 08, 2011 10:48 pm

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics

Good effort Roboticfx, But analysis is for day trading I believe. If you do the same study on CTBL at the time its run started similar signals could have been seen. Isn't it?

4Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sat Oct 08, 2011 10:57 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Rajaraam wrote:Good effort Roboticfx, But analysis is for day trading I believe. If you do the same study on CTBL at the time its run started similar signals could have been seen. Isn't it?

Thanks Rajaraam.

I will check CTBL also.

Yes, this analysis is not for long term. This is only for upcoming days in the next week. Thanks for reminding me that. I will edit the introduction soon.
(I did this like that because there are lot of posts about LGL such as "LGL what will happen today?".

Thanks again!

Very Happy Very Happy Very Happy

5Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 10:45 am

invest-abc


Manager - Equity Analytics
Manager - Equity Analytics

Roboticfx, Im not sure on the MACD parameters that you have used. I usually use MACD (12,26,9). Based on MACD (12,26,9) the MACD has crossed over from below to above crossing the center line. From a technical point of view this is a extreme bullish signal. That means....EMA[fast,12] – EMA[slow, 26] > 0. On the plus side there is considerable volume support as well. With my experience MACD crossing the center line is a much more powerful signal than the signals given well it crosses the singal line (9day EMA of MACD). But, bit of a concern so far is that the crossover is not a gradual one. It's sudden increase (almost vertical).

If any one is planning to trade LGL.N on Monday..... the best advice I can give is try to enter at the dip...dont jump in at pre-open and burn your fingers. But you never know...it may not have a dip.... bounce

My personal plan is to trade LGL.X on Monday...I feel it's less risky...

Note - At present I have fairly big amount of LGL.N in my portfolio. Very Happy Very Happy Very Happy

6Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 10:56 am

windi5

windi5
Moderator
Moderator

Normally LGL rallies existed 2-3 days. 55 will be a big resistance if its gonna continue forward. if it breaks that 55 barrier, who know what is next the next level.

7Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 2:01 pm

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics

windi5 wrote:Normally LGL rallies existed 2-3 days. 55 will be a big resistance if its gonna continue forward. if it breaks that 55 barrier, who know what is next the next level.

So many times it came to 55 level & coming down, so as windi said, if it break this barrier sometime may be in 100+

8Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 2:50 pm

investor1984

investor1984
Manager - Equity Analytics
Manager - Equity Analytics

Roboticfx wrote:[img]Technical Analysis for LGL.N Lgl10[/img]

Please refer to the first chart(top) first. The red line is the parabolic SAR. Look it doesn't show a uptrend or downtrend further. It says current situation will continue to the next day. But you can see a small line has crossed the purple area at the end.(above). That gives us a sell signal.

Lets we move on to the second one. In this chart you can see the orange line has passed the 70 level. So, buying at this price level is not recommended. But it is a straight line. That means a day trading can be done. risky; But you can try it.

Third chart also shows an upward. It says also day trading can be done. (Don't hold this share more than 3 days.)

MACD chart is the special chart on this share. You can see the blue line has crossed the orange line at the circled area. That's a sell signal. But blue line is still below to the o level and the orange line has crossed the 0 level, below to above. So, a further upward can be expected on Monday.

Note: This research is based on the data of last Friday. LGL is a hot share in CSE these days. So, this prediction may change as of a sudden and hopeless change in the price. Be watchful! cyclops

Happy Trading!

Thank You!

Very Happy Very Happy Very Happy


All the TECH WIZARDS out there, did any one of u able to predict this LGL sudden rise using ur favored technical tools???? I don't think so, i personally do not believe that these technical do any good predictions in CSE, we dont have advanced share market like in west, these technical tools are developed by the experts who trade in western markets, so i dont know how good they gonna do when they are applied to very immature market like in sri lanka. Other thing is, does these analysis take in to the consideration the facts like Manipulation, rumors???? I think LGL had the sudden rise due to the fact that may be EPF is about to enter in to it, or LITRO management will be given to them or they are about to release REALLY REALLY GOOD financial results ( I think 3rd reason is the real reason ) ...

9Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 2:58 pm

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics

investor1984 wrote:
Roboticfx wrote:[img]Technical Analysis for LGL.N Lgl10[/img]

Please refer to the first chart(top) first. The red line is the parabolic SAR. Look it doesn't show a uptrend or downtrend further. It says current situation will continue to the next day. But you can see a small line has crossed the purple area at the end.(above). That gives us a sell signal.

Lets we move on to the second one. In this chart you can see the orange line has passed the 70 level. So, buying at this price level is not recommended. But it is a straight line. That means a day trading can be done. risky; But you can try it.

Third chart also shows an upward. It says also day trading can be done. (Don't hold this share more than 3 days.)


MACD chart is the special chart on this share. You can see the blue line has crossed the orange line at the circled area. That's a sell signal. But blue line is still below to the o level and the orange line has crossed the 0 level, below to above. So, a further upward can be expected on Monday.

Note: This research is based on the data of last Friday. LGL is a hot share in CSE these days. So, this prediction may change as of a sudden and hopeless change in the price. Be watchful! cyclops

Happy Trading!

Thank You!

Very Happy Very Happy Very Happy


All the TECH WIZARDS out there, did any one of u able to predict this LGL sudden rise using ur favored technical tools???? I don't think so, i personally do not believe that these technical do any good predictions in CSE, we dont have advanced share market like in west, these technical tools are developed by the experts who trade in western markets, so i dont know how good they gonna do when they are applied to very immature market like in sri lanka. Other thing is, does these analysis take in to the consideration the facts like Manipulation, rumors???? I think LGL had the sudden rise due to the fact that may be EPF is about to enter in to it, or LITRO management will be given to them or they are about to release REALLY REALLY GOOD financial results ( I think 3rd reason is the real reason ) ...


100% agree investor1984. I never follow these charts. If these analysis working, why couldnt they predict the price of HVA, EAST, REG, RGEM?

10Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 3:27 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Ya technical analysis are most pbly waste of time. They cant have ability to predict future, They only produce charts based on past. Very rarely gve results.

11Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 4:06 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Hello baka,

Manipulation makes the charts useless. That's the answer.

12Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 5:04 pm

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics

Roboticfx wrote:Hello baka,

Manipulation makes the charts useless. That's the answer.

Ahemai, ahenam manipulate unnethi share akaka heta price aka kiyamuko balanna. How can u guarantee a share that will not be manipulated?How about REG, AAIC? Earlier if asked you the question you may say fundamentally strong, good shares, but what happend? manipulated. So, if there is no guarantee why u waste the time by ploting these charts Mr.RoBBB? lol!

13Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 5:23 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Still I'm learning about the patterns of manipulated shares.

(in the previous post I wrote baka as of the friendship. not a hint
)

14Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 5:32 pm

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics

Roboticfx wrote:Still I'm learning about the patterns of manipulated shares.

(in the previous post I wrote baka as of the friendship. not a hint
)

Yes friend, but now no one can predict which share will be manipulated know? I dont wanted to against with ur post machan.

15Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 6:27 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Yes. We are unable to say that accurately. But we can get an idea. Isn't it? I saw a post in this forum about how to identify a share which gonna be manipulated.

Very Happy

16Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 9:24 pm

rcharindu

rcharindu
Manager - Equity Analytics
Manager - Equity Analytics

Taking about LGL Technical charts i pointed this situation 15 days back when no one interested about it (except windi5 and natsume) check below link.
http://forum.srilankaequity.com/t10402-what-about-lgl#70154
anyway I just go through the Friday trades and there was a 2.5M lot traded @ 49 and after that price jumps to 50's with big quantity trades.In Sep 21 there was a crossing @ 43 but no news was declared about the selling party.Up to Friday foreign holding was about 2M but now its 8 Laks,Non-voting foreign holding is increased significantly.
EPF already have 18,762,200 shares (5.60%) according to last quarter reports and there were only 4 parties had over 2.5M quantity.

@ current prices LGL.X is safer than it's voting to me.

17Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Sun Oct 09, 2011 10:08 pm

Paypal


Manager - Equity Analytics
Manager - Equity Analytics

Jana1 wrote:Ya technical analysis are most pbly waste of time. They cant have ability to predict future, They only produce charts based on past. Very rarely gve results.
I think at least we can predict the trend of a share,support or resistance levels by using technical analysis. right ?

18Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Mon Oct 10, 2011 9:10 am

Universalgoal


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

earn mony anyhow using chrts or what ever, Very Happy anyway good work robo rat Very Happy LOL
(We have to encourage people like you well-done keep it up)

19Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Mon Oct 10, 2011 9:14 am

barney

barney
Equity Analytic
Equity Analytic

order book bid-370,000 offer-1,700,000 will it go down?

20Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Mon Oct 10, 2011 9:31 am

Universalgoal


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

53 and come down

21Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Mon Oct 10, 2011 1:32 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Paypal wrote:
Jana1 wrote:Ya technical analysis are most pbly waste of time. They cant have ability to predict future, They only produce charts based on past. Very rarely gve results.
I think at least we can predict the trend of a share,support or resistance levels by using technical analysis. right ?
Ya. Still sometimes I use. But most of the time it was painfull. Losing side only..Bit hard in this mkt.

22Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Mon Oct 10, 2011 3:15 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Hello friends! were my analysis useless today? Wink

23Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Mon Oct 10, 2011 7:17 pm

pathfinder

pathfinder
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Roboticfx wrote:Hello friends! were my analysis useless today? Wink
No body in the world,can predict a future share price 100% correct,if so he will be the richest person in the world.Don't get back,keep it up.

24Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Mon Oct 10, 2011 9:12 pm

windi5

windi5
Moderator
Moderator

Hey robo keep going your good work. nobody is perfect so how can any chart or analysis or prediction could be 100% correct. so let explain the fate of LGL in next couple of days, according to those charts.

25Technical Analysis for LGL.N Empty Re: Technical Analysis for LGL.N Tue Oct 11, 2011 10:23 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Yes windi5 & watchdog. Predictions cannot be correct 100%. But at least 70 or 60 is possible. I will predict about LGL in next couple of days. Thanks for all comments!

Happy Trading! Very Happy Very Happy Very Happy

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