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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Pivot Point Indicator

Pivot Point Indicator

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221Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Thu Sep 26, 2013 9:11 am

LSE


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@D.G.Dayaratne wrote:Pl do not say i am negative

Pl read carefully  and try understand what i say

All of  us should try understand what is happening and  should try to change
this situation

Otherwise we will have wait until political change

That will not happen  in cumming 5 or 10 years

SL Stock market is highly abnormal after 2009. That is why you can't predict the market.
Mr D.G.Dayaratne if you say so I'm sorry. Appreciate your comments. As a senior citizen of our country I respect you & expect many from you. I believe always market giving us the opportunity and we should understand how to grab them accordingly instead of blaming.

Thank You.

222Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Thu Sep 26, 2013 9:29 am

LSE


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Fibonacci Retracement

Trend Beginning Date     09 September 2013
Trend Beginning Value    5604.59

0.0% --->> 5604.59 --->> Pass
23.6% --->> 5757.58 --->> Pass
38.2% --->> 5852.23 --->> Pending
50.0% --->> 5928.72
61.8% --->> 6005.22
76.4% --->> 6099.87
100.0% --->> 6252.86
161.8% --->> 6653.49
261.8% --->> 7301.76
423.6% --->> 8350.66


Conclusion :

We can expect an another big green day withing this week according to the current trading pattern...

Current trend...

http://finance.yahoo.com/q/ta?s=^CSE&t=3m&l=on&z=l&q=c&p=m20%2Cm5%2Cp%2Cm10&a=r14%2Cm26-12-9&c=

223Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Thu Sep 26, 2013 10:03 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
LSE Thank you

224Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Fri Sep 27, 2013 8:55 am

LSE


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ASI Index values as of [26-09-2013]

Open  - 5783.74
High  - 5788.35
Low   - 5771.20
Close - 5786.16


R4 5,833.35
midpoint 5,824.78

R3 5,816.20
midpoint 5,807.63

R2 5,799.05 ---->>> Resistance Level 2
midpoint 5,795.83

R1 5,792.61 ---->>> Resistance Level 1
midpoint 5,787.26


PP 5,781.90

midpoint 5,778.68
S1 5,775.46 ---->>> Support Level 1

midpoint 5,770.11
S2 5,764.75 ---->>> Support Level 2


midpoint 5,756.18
S3 5,747.60 ---->>> Support Level 3

midpoint 5,739.03
S4 5,730.45



Fibonacci Retracement

Trend Beginning Date     09 September 2013
Trend Beginning Value    5604.59

0.0% --->> 5604.59 --->> Pass
23.6% --->> 5757.58 --->> Pass
38.2% --->> 5852.23 --->> Pending --->> Next Key Level  
50.0% --->> 5928.72
61.8% --->> 6005.22
76.4% --->> 6099.87
100.0% --->> 6252.86
161.8% --->> 6653.49
261.8% --->> 7301.76
423.6% --->> 8350.66


Conclusion :

Yesterday closed value [5786.16] > Calculated PP [5,781.90]. Trading above the pivot point is thought to indicate ongoing bullish sentiment.
It is generally considered that if the pivot point is broken in an upward movement then the market is bullish.


Note :


1. Next Key Level Will be 5852.23
2. ASI is currently laying around it's  support level S1
3. Good support around S1 & S2
4. Sudden uptrend can be expect at the beginning of the day.
5. Resistance around R1 & R2 if ASI pass these two levels it's very easily reach to the next key level at  5852.23
6. We can expect an another big green day if ASI pass R1 & R2.


Lets hope for the best.

Thank You...

225Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Fri Sep 27, 2013 9:49 am

LSE


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Alert :

@LSE wrote:
R2 5,799.05 ---->>> Resistance Level 2
midpoint 5,795.83

R1 5,792.61 ---->>> Resistance Level 1
midpoint 5,787.26

226Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Fri Sep 27, 2013 10:28 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@LSE wrote:Alert :

@LSE wrote:
R2 5,799.05 ---->>> Resistance Level 2
midpoint 5,795.83

R1 5,792.61 ---->>> Resistance Level 1
midpoint 5,787.26

Good support against the resistance...

A resistance breakout signals that demand (bulls) has gained the upper hand and demand (bulls) has won the battle.

227Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Fri Sep 27, 2013 11:11 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
One by one adding to the counter... Slowly bulls are getting stronger... this is a good trend...
few counters are already gearing up...

@LSE wrote:
38.2% --->> 5852.23 --->> Pending --->> Next Key Level  

228Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Fri Sep 27, 2013 11:19 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Have to say interest is gaining little by little.




@LSE wrote:One by one adding to the counter... Slowly bulls are getting stronger... this is a good trend...
few counters are already gearing up...

@LSE wrote:
38.2% --->> 5852.23 --->> Pending --->> Next Key Level  

229Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Fri Sep 27, 2013 5:52 pm

nihal123

nihal123
Manager - Equity Analytics
Manager - Equity Analytics
Thanks LSE



Last edited by nihal123 on Fri Sep 27, 2013 5:54 pm; edited 1 time in total (Reason for editing : typing error)

230Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Sat Sep 28, 2013 11:52 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thanks LSE....

All are so far good signs....

I hope no one kills the momentum CSE is carrying....

I read on papers that the report on high ranked official involved in Krish deal kickback will be presented in coming weeks....as the report was completed....as usual will it be brushed under the carpet.

I wonder how the market would react if the individual is connected to SEC.

I dont know whether this report would cause some panic or the retailers would take at as good news and CSE starts heading in full steam upwards....
There is lots of negative reports that paper reporters want to paint on CSE, i dont know to whose betterment is this work carried out. whether UNP or PA in power this kick backs will go unpunished...given their past records no one could be trusted.
Its like POT is calling the Kettle black. or something like that...

Thanks for your effort in keeping us informed on market movements....
TAH

231Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Sat Sep 28, 2013 1:43 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Current trend...

5-Day MA is going to cross the 50-Day MA with high volumes.
This is a good sign for a strong bull run...

http://finance.yahoo.com/q/ta?s=^CSE&t=6m&l=on&z=l&q=c&p=m20%2Cm5%2Cp%2Cm50&a=r14%2Cm26-12-9%2Cv&c=

Thank You.

232Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Sat Sep 28, 2013 6:08 pm

K.Haputantri

K.Haputantri
Co-Admin
Thanks LSE.

233Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Sat Sep 28, 2013 10:42 pm

freebird


Manager - Equity Analytics
Manager - Equity Analytics
thanks

234Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Sun Sep 29, 2013 3:38 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ASPI Index values as of [27-09-2013]

Open  - 5787.96
High   - 5822.04
Low   - 5787.96
Close - 5808.62

R4         5,908.45
midpoint 5,891.41

R3         5,874.37
midpoint 5,857.33

R2         5,840.29 --->> Resistance Level 2
midpoint 5,832.37

R1         5,824.45 --->> Resistance Level 1
midpoint 5,815.33


PP         5,806.21

midpoint 5,798.29
S1         5,790.37 --->> Support Level 1

midpoint 5,781.25
S2         5,772.13 --->> Support Level 2


midpoint 5,755.09
S3         5,738.05

midpoint 5,721.01
S4         5,703.97


Fibonacci Retracement

Trend Beginning Date     09 September 2013
Trend Beginning Value    5604.59

0.0% --->> 5604.59 --->> Pass
23.6% --->> 5757.58 --->> Pass
38.2% --->> 5852.23 --->> Pending
50.0% --->> 5928.72
61.8% --->> 6005.22
76.4% --->> 6099.87
100.0% --->> 6252.86
161.8% --->> 6653.49
261.8% --->> 7301.76
423.6% --->> 8350.66



Conclusion :

On Friday [Last Trading Day] closed value [5808.62] > Calculated PP [5,806.21]. Trading above the pivot point is thought to indicate ongoing bullish sentiment. Currently, as we expected ASPI is well directing towards to the next key level at 5852.23. Next resistance range is laying around 5,815.33 - 5,840.29. Watch the market behavior carefully withing the range. Because when it's break the next resistance range we can see big green candles around that area If not we can see the index is floating around that area, like what we have seen on last Friday.


Note :

Due to the high volumes and the buying pressure on different counters we can expect this uptrend is getting stronger day by day. As i mentioned on last Friday this is a good sign. Important to note that few small counters are already adding a good support to the rally at the moment. Next key point 5852.23 will be the next target and make sure to grab the opportunities rather than buying at the top. Keep watching, analyze and invest wisely. Happy trading to you all.


Current Trend :

Please customize the window by adding the suitable indicators.

http://finance.yahoo.com/q/ta?s=^CSE&t=3m&l=on&z=l&q=c&p=m5%2Cp%2Cm50%2Cm20&a=r14%2Cm26-12-9&c=


Thank You.

235Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Mon Oct 07, 2013 10:38 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Fibonacci Retracement

Trend Beginning Date     09 September 2013
Trend Beginning Value    5604.59

0.0% --->> 5604.59 --->> Pass
23.6% --->> 5757.58 --->> Pass
38.2% --->> 5852.23 --->> Pass
50.0% --->> 5928.72 --->> Pending
61.8% --->> 6005.22
76.4% --->> 6099.87
100.0% --->> 6252.86
161.8% --->> 6653.49
261.8% --->> 7301.76
423.6% --->> 8350.66

236Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Thu Oct 10, 2013 12:08 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Fibonacci Retracement

Trend Beginning Date     09 September 2013
Trend Beginning Value    5604.59

0.0% --->> 5604.59 --->> Pass
23.6% --->> 5757.58 --->> Pass
38.2% --->> 5852.23 --->> Pass
50.0% --->> 5928.72 --->> Pass
61.8% --->> 6005.22 --->> Pending
76.4% --->> 6099.87
100.0% --->> 6252.86
161.8% --->> 6653.49
261.8% --->> 7301.76
423.6% --->> 8350.66

237Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Thu Oct 10, 2013 2:57 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@LSE wrote:Fibonacci Retracement

Trend Beginning Date     09 September 2013
Trend Beginning Value    5604.59

0.0% --->> 5604.59 --->> Pass
23.6% --->> 5757.58 --->> Pass
38.2% --->> 5852.23 --->> Pass
50.0% --->> 5928.72 --->> Pass
61.8% --->> 6005.22 --->> Pending
76.4% --->> 6099.87
100.0% --->> 6252.86
161.8% --->> 6653.49
261.8% --->> 7301.76
423.6% --->> 8350.66
We could see a reversal @61.8% Smile

238Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Thu Oct 10, 2013 3:30 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Havent had a look at ASPI for some time Razz Razz Razz Razz 

239Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Tue Oct 15, 2013 9:15 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
5 Day - MA already crossed 50 Day - MA

http://finance.yahoo.com/q/ta?s=^CSE&t=6m&l=on&z=l&q=c&p=m5%2Cm50%2Cp&a=r14%2Cm26-12-9&c=

@LSE wrote:
Fibonacci Retracement

Trend Beginning Date     09 September 2013
Trend Beginning Value    5604.59

0.0% --->> 5604.59 --->> Pass
23.6% --->> 5757.58 --->> Pass
38.2% --->> 5852.23 --->> Pass
50.0% --->> 5928.72 --->> Pass
61.8% --->> 6005.22 --->> Pending
76.4% --->> 6099.87
100.0% --->> 6252.86
161.8% --->> 6653.49
261.8% --->> 7301.76
423.6% --->> 8350.66

240Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Tue Oct 15, 2013 9:29 am

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
@LSE wrote:5 Day - MA already crossed 50 Day - MA

http://finance.yahoo.com/q/ta?s=^CSE&t=6m&l=on&z=l&q=c&p=m5%2Cm50%2Cp&a=r14%2Cm26-12-9&c=
@LSE: Yes, the 5-DMA has crossed above the 200-DMA. But, for a longer range indicator of market direction, I would like to also see the 50-DMA crossing above the 200-DMA. Just a matter of time, I guess.
By the way, it's been a long time since I have been this optimistic about the Sri Lankan stock market...

241Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Fri Oct 18, 2013 6:39 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ASPI Index values as of [17-10-2013]

Open  - 5963.07
High  - 5981.23
Low   - 5960.11
Close - 5976.51

R4 6,035.98
midpoint 6,025.42

R3 6,014.86
midpoint 6,004.30

R2 5,993.74 --->> Resistance Level 2
midpoint 5,989.43

R1 5,985.12 --->> Resistance Level 1
midpoint 5,978.87


PP 5,972.62

midpoint 5,968.31
S1 5,964.00 --->> Support Level 1

midpoint 5,957.75
S2 5,951.50 --->> Support Level 2

midpoint 5,940.94
S3 5,930.38

midpoint 5,919.82
S4 5,909.26



Fibonacci Retracement

Trend Beginning Date     09 September 2013
Trend Beginning Value    5604.59

0.0% --->> 5604.59  --->> Pass
23.6% --->> 5757.58 --->> Pass
38.2% --->> 5852.23 --->> Pass
50.0% --->> 5928.72 --->> Pass
61.8% --->> 6005.22 --->> Pending
76.4% --->> 6099.87
100.0% --->> 6252.86
161.8% --->> 6653.49
261.8% --->> 7301.76
423.6% --->> 8350.66



Conclusion :

On Thursday closed value [5976.51] > Calculated PP [5,972.62]. Trading above the pivot point is thought to indicate ongoing bullish sentiment. Currently, as we expected ASPI is well directing towards to the next key level at 6005.22 Next resistance range is laying around 5,985.12 - 6,014.86 & there will be a correction in near future.


Note :

1. 5-Day MA cross 100-Day MA & 200-Day MA respectively in an upward direction
2. 100-Day MA cross 200-Day MA in an upward direction

IF & Only IF both above steps [1,2] are true then we can consider it as a long upward movement. But currently we can see 5-Day MA already crossed 200-Day MA and still there is a gap between 5-Day MA & 100-Day MA

Normally in a strong upward movement it should be like 5-Day MA cross 100-Day MA & 200-Day MA respectively.

3. 10-Day EMA cross 100-Day MA & 50-Day MA respectively in an upward direction also consider as a long upward movement.
Currently 10-Day EMA already crossed 50-Day MA and still there is a gap between 10-Day EMA & 100-Day MA

Normally in a strong upward movement it should be like 10-Day EMA cross 100-Day MA & 50-Day MA respectively.

4. RSI > 80 is considered overbought when above 70

5. Next key point 6005.22 will be the next target and there will be a correction in near future.

6. I feel there is a high probability to reverse this trend withing the 6005.22 - 6099.87 range.


Current Trend :

compare the above few steps with the chart.
Please customize the window by adding the suitable indicators.

http://finance.yahoo.com/q/ta?s=^CSE&t=3m&l=on&z=l&q=c&p=m200%2Cm100%2Cm5%2Cm20&a=r14%2Cm26-12-9&c=


Thank You.

242Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Sat Oct 19, 2013 6:01 pm

K.Haputantri

K.Haputantri
Co-Admin
Its a very usefull & professional analysis using a number of time tested tools. Thank you very much LSE. Continue the good work.

243Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Tue Oct 22, 2013 9:31 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ASPI Index values as of [21-10-2013]

Open  - 5977.50
High  - 5979.23
Low   - 5941.30
Close - 5946.65

R4 6,069.52
midpoint 6,050.55

R3 6,031.59
midpoint 6,012.62

R2 5,993.66 --->> Resistance Level 2
midpoint 5,981.91

R1 5,970.15 --->> Resistance Level 1
midpoint 5,962.94


PP 5,955.73

midpoint 5,943.98
S1 5,932.22 --->> Support Level 1

midpoint 5,925.01
S2 5,917.80 --->> Support Level 2

midpoint 5,898.83
S3 5,879.87

midpoint 5,860.90
S4 5,841.94



Conclusion :

Yesterday closed value [5946.65] < Calculated PP [5,955.73].
Trading below the pivot point indicates bearish sentiment. ASPI is about to revers this trend.
Next resistance range is laying around 5,962.94 - 5,993.66 & this will be act as a big barrier to the current trend.

Watch the market behavior carefully there will be a correction again.


Note :

ASPI is about to revers the current up trend.


Current Trend :


Please customize the window by adding the suitable indicators.

http://finance.yahoo.com/q/ta?s=^CSE&t=3m&l=on&z=l&q=c&p=m5%2Cp%2Cm50%2Cm20&a=r14%2Cm26-12-9&c=


Thank You.

@LSE wrote:ASPI Index values as of [17-10-2013]


there will be a correction in near future.


Note :

1. 5-Day MA cross 100-Day MA & 200-Day MA respectively in an upward direction
2. 100-Day MA cross 200-Day MA in an upward direction

IF & Only IF both above steps [1,2] are true then we can consider it as a long upward movement. But currently we can see 5-Day MA already crossed 200-Day MA and still there is a gap between 5-Day MA & 100-Day MA

Normally in a strong upward movement it should be like 5-Day MA cross 100-Day MA & 200-Day MA respectively.

3. 10-Day EMA cross 100-Day MA & 50-Day MA respectively in an upward direction also consider as a long upward movement.
Currently 10-Day EMA already crossed 50-Day MA and still there is a gap between 10-Day EMA & 100-Day MA

Normally in a strong upward movement it should be like 10-Day EMA cross 100-Day MA & 50-Day MA respectively.

4. RSI > 80 is considered overbought when above 70

5. Next key point 6005.22 will be the next target and there will be a correction in near future.

6. I feel there is a high probability to reverse this trend withing the 6005.22 - 6099.87 range.

244Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Tue Oct 22, 2013 9:39 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
So how far do you think the drop will go ?  Some red is good as there was several green days. But too much red is not , as it will panic traders.  The special November is approaching.

I think it is good if today ends up in some green or every little red.








@LSE wrote:ASPI Index values as of [21-10-2013]

Open  - 5977.50
High  - 5979.23
Low   - 5941.30
Close - 5946.65

R4 6,069.52
midpoint 6,050.55

R3 6,031.59
midpoint 6,012.62

R2 5,993.66 --->> Resistance Level 2
midpoint 5,981.91

R1 5,970.15 --->> Resistance Level 1
midpoint 5,962.94


PP 5,955.73

midpoint 5,943.98
S1 5,932.22 --->> Support Level 1

midpoint 5,925.01
S2 5,917.80 --->> Support Level 2

midpoint 5,898.83
S3 5,879.87

midpoint 5,860.90
S4 5,841.94



Conclusion :

Yesterday closed value [5946.65] < Calculated PP [5,955.73].
Trading below the pivot point indicates bearish sentiment. ASPI is about to revers this trend.
Next resistance range is laying around 5,962.94 - 5,993.66 & this will be act as a big barrier to the current trend.

Watch the market behavior carefully there will be a correction again.


Note :

ASPI is about to revers the current up trend.


Current Trend :


Please customize the window by adding the suitable indicators.

http://finance.yahoo.com/q/ta?s=^CSE&t=3m&l=on&z=l&q=c&p=m5%2Cp%2Cm50%2Cm20&a=r14%2Cm26-12-9&c=


Thank You.

@LSE wrote:ASPI Index values as of [17-10-2013]


there will be a correction in near future.


Note :

1. 5-Day MA cross 100-Day MA & 200-Day MA respectively in an upward direction
2. 100-Day MA cross 200-Day MA in an upward direction

IF & Only IF both above steps [1,2] are true then we can consider it as a long upward movement. But currently we can see 5-Day MA already crossed 200-Day MA and still there is a gap between 5-Day MA & 100-Day MA

Normally in a strong upward movement it should be like 5-Day MA cross 100-Day MA & 200-Day MA respectively.

3. 10-Day EMA cross 100-Day MA & 50-Day MA respectively in an upward direction also consider as a long upward movement.
Currently 10-Day EMA already crossed 50-Day MA and still there is a gap between 10-Day EMA & 100-Day MA

Normally in a strong upward movement it should be like 10-Day EMA cross 100-Day MA & 50-Day MA respectively.

4. RSI > 80 is considered overbought when above 70

5. Next key point 6005.22 will be the next target and there will be a correction in near future.

6. I feel there is a high probability to reverse this trend withing the 6005.22 - 6099.87 range.

245Pivot Point Indicator - Page 12 Empty Re: Pivot Point Indicator Tue Oct 22, 2013 10:16 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
sistock wrote:So how far do you think the drop will go ?  Some red is good as there was several green days. But too much red is not , as it will panic traders. The special November is approaching.
Note :

RSI >80 &  Parabolic SAR is about to indicate about the next trend. Consider this as an early signal about the current trend. good days are ahead so, no need to panic but it's better to watch carefully about this behavior. JKH will be a big factor and if this falls to 195 or below levels withing next few days, again ASPI will reach to 5600 levels easily.

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