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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Market tilt towards ASPI 5000

Market tilt towards ASPI 5000

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Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Market tilt towards ASPI 5000 - Page 4 Predic11

Stock Market can move upto ASI 7200 with positive developments. i.e new vaccine, economic progress. Any bad news could bring it down to 5200 levels.However Long TermTrend chart predicts ASPI to be around 5000 by end of 2020. Week ahead is critical.



Last edited by Quibit on Wed Nov 18, 2020 6:35 pm; edited 7 times in total

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Post Mon Oct 26, 2020 1:00 pm by ThivankS

I don't think ASPI dip below the 5,400 level. Though many want to exit, not willing to sell at much lower prices.

Post Mon Oct 26, 2020 1:04 pm by Mithooshan

@junior wrote:
@Mithooshan wrote:I feel sad for those who are selling good shares at a discounted price. There are fundamentally strong shares of good companies nothing to be panicked about and no impact due to Corona. Still they are now trading at very low prices.

I honestly would like to know what the reason is behind this selling. Is this purely a result of current situation of the country ?
Please do not try to control market volatility. this is share market

How can i control the market volatility by sharing a post ?
Market is much bigger than myself. I was sharing my view only. No offense to anyone.

Eranga87 likes this post

Post Mon Oct 26, 2020 1:25 pm by Quibit

@Rational Investor wrote:Hello Quibi bounce bounce bounce bounce bounce

Hallo. Market is like a bouncing ball with downward direction.

Post Mon Oct 26, 2020 1:32 pm by Kipling

I believe Diaspora Separatist agenda & wahabi lunatics extremism is not only on a downward trend but also fast approaching the cemetery. Even ghost will not rise   😀

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Post Mon Oct 26, 2020 1:43 pm by DKbogols

Guys, today is the last day to collect your favourite counters at these discounted price levels! Market is much more resilient now. Lot of new investors with long term vision it seems. Unless there is an islandwide lock down, CSE will pick up fast. If not already, buy today. Don't regret later!

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Post Mon Oct 26, 2020 1:57 pm by Value Pick

@dayandacool wrote:
@geesura wrote:
@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. Rolling Eyes silent
But seems to be sellers are rigid like "u buy for my price or get lost"

True. Best is to stay on the side line and watch.5640 is the area to look for for a possible upward momentum. Neutral

If they place their quantities then prices will come down @a rapid speed. This is smart selling.....
Very low T/O signals nobody is interesting about buying. T/O is coming slowly from 5.0bn to probably 1.0bn(today) over last couple of days.

Maharaja and madukp like this post

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Post Mon Oct 26, 2020 2:00 pm by samaritan

@Value Pick wrote:
@dayandacool wrote:
@geesura wrote:
@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. :roll: :silent:
But seems to be sellers are rigid like "u buy for my price or get lost"

True. Best is to stay on the side line and watch.5640 is the area to look for for a possible upward momentum. :|

If they place their quantities then prices will come down @a rapid speed. This is smart selling.....
Very low T/O signals nobody is interesting about buying. T/O is coming slowly from 5.0bn to probably 1.0bn(today) over last couple of days.
Why can't low T/O signal nobody interested in selling at low price??? Also there is something known as smart buying as well.

Kipling, madukp and DKbogols like this post

dayandacool

Post Mon Oct 26, 2020 2:12 pm by dayandacool

@Value Pick wrote:
@dayandacool wrote:
@geesura wrote:
@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. Rolling Eyes silent
But seems to be sellers are rigid like "u buy for my price or get lost"

True. Best is to stay on the side line and watch.5640 is the area to look for for a possible upward momentum. Neutral

If they place their quantities then prices will come down @a rapid speed. This is smart selling.....
Very low T/O signals nobody is interesting about buying. T/O is coming slowly from 5.0bn to probably 1.0bn(today) over last couple of days.

Smart selling is worse than Panic selling. In a panic selling, turnovers are massive and recovery time is very quick. that's why we witnessed quick recoveries during past panic selling markets. Also panic selling and higher turnover could also mean that buyers still think shares are undervalued. What happens in smart selling is that It takes long time to recover again as purchases are less and it also establishes that buyers think prices are over valued which is displayed by the low turn over. There is a clear difference between previous selling and what is observed during last week and today.

Somehow, this will not impact long to medium traders as they are just not bothered about market sentiment but the value of their shares.

samaritan and judecroos like this post

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Post Mon Oct 26, 2020 2:23 pm by Quibit

Cheap is not cheap anymore in the context corona virus new norm. Cheap is relatively expensive.

Maharaja and judecroos like this post

Kipling dislikes this post

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Post Mon Oct 26, 2020 2:33 pm by samaritan

@Quibit wrote:Cheap is not cheap anymore in the context corona virus new norm. Cheap is relatively expensive.
So, it seems your wait is over!Market tilt towards ASPI 5000 - Page 4 Icon_lol

Kipling and judecroos like this post

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Post Mon Oct 26, 2020 5:17 pm by stockback

@stockback wrote:
@Quibit wrote:
@stockback wrote:
@Quibit wrote:
@stockback wrote:Market tilt towards ASPI 5000 - Page 4 Aspi_010

This is more accurate with key milestones. But dont ignore the down trend.
Market tilt towards ASPI 5000 - Page 4 Abf76d10


i am worried about the Center Uptrend line. still, we have hundreds of points in the monthly chart. but the daily chart we are in an uptrend. 

all favor your side. with covid.

Centre line is the median. Crossing The vertical line depicting the change of Political regime with yahapalana  setting the Downward trend due to economic mismanagement and political tug of war. Downward Trend is further accelerated by Easter Sunday bomb and covid 19 pandemic Its a strong  southward wind likely to drift ASI to 5200.


Uptrend Center Line....


we have 100 points chance technically. end of the day it will...


see.....

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Post Mon Oct 26, 2020 5:19 pm by stockback

@stockback wrote:Market tilt towards ASPI 5000 - Page 4 Aspi_012


technically tomorrow green day.

bcz T+3 (transactions and payment) so margin clear now.

will see...

Mithooshan and judecroos like this post

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Post Mon Oct 26, 2020 5:49 pm by Eugine Fernando

@stockback wrote:
@stockback wrote:Market tilt towards ASPI 5000 - Page 4 Aspi_012


technically tomorrow green day.

bcz T+3 (transactions and payment) so margin clear now.

will see...
Me too think so, even the turn over also very much  less  compare to last couple of days............GL

judecroos and SANJAYANM like this post

Teller

Post Mon Oct 26, 2020 11:48 pm by Teller

Hahaa government expenses will reduce due to self quarantine at home. Hahaaaaha🤣

geesura likes this post

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Post Mon Oct 26, 2020 11:56 pm by Quibit

Tommorrow is a big red day,

roshan1039 dislikes this post

geesura

Post Tue Oct 27, 2020 12:01 am by geesura

@Quibit wrote:Tommorrow is a big red day,
HARI BN ELA according to your predictions every day is a red day...if im wrong please send me just a 1 ss of any positive comment on this forum

Cma likes this post

avatar

Post Tue Oct 27, 2020 12:12 am by stockback

@Quibit wrote:Tommorrow is a big red day,


are you counting Covid Cases?

fireshelter

Post Tue Oct 27, 2020 12:25 am by fireshelter

alien alien alien alien alien alien try to finish green

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Post Tue Oct 27, 2020 9:53 am by Promoney

I don't know whether today is going to be a Red or Green day, but I have noticed that according @Quibit it's going to be a Red day everyday, since the time I joined this group 😄

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Post Tue Oct 27, 2020 9:55 am by hiransilva23

@Promoney wrote:I don't know whether today is going to be a Red or Green day, but I have noticed that according @Quibit it's going to be a Red day everyday, since the time I joined this group 😄
When people need buy at bottom they always say it’s red like a curse 🤓🤓🤓

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Post Tue Oct 27, 2020 9:55 am by RJ1010

@Promoney wrote:I don't know whether today is going to be a Red or Green day, but I have noticed that according @Quibit it's going to be a Red day everyday, since the time I joined this group 😄

😄😄😄😄
Can’t always be on the buy side... there will come a time when he jumps to the sell side and seeks some green days

Teller

Post Tue Oct 27, 2020 9:58 am by Teller

In world situation , more corona cases , more Index up😂😂😂😂but sri lanka 🤗🤗🤗

Eng Krishantha, Mithooshan and geesura like this post

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Post Tue Oct 27, 2020 10:33 am by roshan1039

@Quibit wrote:Tommorrow is a big red day,
lol! lol! lol! lol! lol! lol! lol! lol! lol! lol! lol! lol! lol! lol! lol!

Who's child is this?
Everyone knows market is not moving up due to present situation.
Otherwise market would have broken 6000 by now.
We must ignore these opportunistic third grade people.
I advice everyone not to panic on these minor drops, market will bounce back strongly within very short time.

Eugine Fernando, Kipling and geesura like this post

Rational Investor

Post Tue Oct 27, 2020 10:45 am by Rational Investor

@Quibit wrote:Tommorrow is a big red day,

On what basis ?? Twisted Evil

Invest-Wise

Post Tue Oct 27, 2020 11:52 am by Invest-Wise

I have been following this forum since 2013. I am also a member in a few others groups on Whatts app which has members who are High Net worth investors (HNWI). Trust me even those people cannot change the direction of the market by saying anything on a forum so I am 100% sure anyone whose being negative here could NOT effect the market index. It takes a lot to bring a market down and create panic (you can do it but you need to be willing to sell down with considerable amount of shares in key counters that impact the index). So let anyone express their opinion and we can accept it and post our counter opinion if so or maybe even just smile). Some people love the doom and gloom. But that's their nature I guess. I personally have been trading for 28 years and I have seen 3 market crashes in my lifetime till now. Yet I still trade and survived. To me this year has been the best time so far!!! Smile Happy trading.

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