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AITKEN SPENCE HOTEL HOLDINGS PLC
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BLUE DIAMONDS JEWELLERY WORLDWIDE PLC
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CEYLON GRAIN ELEVATORS PLC Hot
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JANASHAKTHI INSURANCE COMPANY PLC
JOHN KEELLS HOLDINGS PLC Hot
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Re: CSE - The World's best performer! Fri Mar 05, 2021 11:03 am
samaritan likes this post
Re: CSE - The World's best performer! Fri Mar 05, 2021 11:09 am
@EPS wrote:If they know the CSE Market cap worth more than the 4.5 Trillion, why they late to take this action ?
Anyhow many small investors totally vanished by now.
Now market cap 3 Trn.
Guess, another 50% will up , now onwards without any interruption
Re: CSE - The World's best performer! Fri Mar 05, 2021 11:46 am
Re: CSE - The World's best performer! Fri Mar 05, 2021 12:12 pm
samaritan likes this post
Re: CSE - The World's best performer! Fri Mar 05, 2021 12:25 pm
madukp and Vishwanarth like this post
Re: CSE - The World's best performer! Fri Mar 05, 2021 1:15 pm
@madukp wrote:If gov knows the potential, their best move should be to buy fundamentally sounds shares at this level using EPF/ ETF letting these thugs dump whatever they want, rather than Cabral whining around like a baby.
madukp likes this post
Re: CSE - The World's best performer! Fri Mar 05, 2021 2:38 pm Re: CSE - The World's best performer! Fri Mar 05, 2021 2:41 pm@madukp wrote:@xhunter wrote:How this technical support or resistance works in real world?@madukp wrote:All the support levels are broken by this mafia gang. Now just keeping up with 7000. Technically this is the point it should move up. But I can't trust SL investor sentimental.
history ASPI chart and today/tomorrow movement is totally mutually exclusive, right?
Let me try to answer your question according to my limited knowledge. These technicals are based on statistics, probability, theories all based on real investor's psychology are represented in technicals. But it is not practical to assess technicals when manipulation controlling the market. The current situation, all we can do is buy shares that we think are fundamentally good and realize returns in the short term.
We are defining support at the most supported levels by investors going through the history records. Resistance on the other hand where prevailing the upward trend.
The chart that I have uploaded based on my point of view. We were at a steady uptrend, which should be the ideal case as most of the stocks are undervalued. Then starts the pumping, then dumping.
According to the last 6 months' history, someone may have expected good support around 7200. But it has been broken today. Our guys dumped their value shares today, so the market reached 7000 levels.
Please refer to this link for an explanation of support and resistance levels.
https://www.investopedia.com/articles/technical/02/061802.asp
Re: CSE - The World's best performer! Fri Mar 05, 2021 2:42 pm judecroos likes this post
Re: CSE - The World's best performer! Mon Mar 08, 2021 2:41 pm@madukp wrote:@madukp wrote:@xhunter wrote:How this technical support or resistance works in real world?@madukp wrote:All the support levels are broken by this mafia gang. Now just keeping up with 7000. Technically this is the point it should move up. But I can't trust SL investor sentimental.
history ASPI chart and today/tomorrow movement is totally mutually exclusive, right?
Let me try to answer your question according to my limited knowledge. These technicals are based on statistics, probability, theories all based on real investor's psychology are represented in technicals. But it is not practical to assess technicals when manipulation controlling the market. The current situation, all we can do is buy shares that we think are fundamentally good and realize returns in the short term.
We are defining support at the most supported levels by investors going through the history records. Resistance on the other hand where prevailing the upward trend.
The chart that I have uploaded based on my point of view. We were at a steady uptrend, which should be the ideal case as most of the stocks are undervalued. Then starts the pumping, then dumping.
According to the last 6 months' history, someone may have expected good support around 7200. But it has been broken today. Our guys dumped their value shares today, so the market reached 7000 levels.
Please refer to this link for an explanation of support and resistance levels.
https://www.investopedia.com/articles/technical/02/061802.asp
Happy to see investor sentiment get positive around ASI 7000 today. I got few shares today. Let's see how this game gonna play.
judecroos and topgun86 like this post
Re: CSE - The World's best performer! Wed Mar 10, 2021 1:10 am@madukp wrote:
As expected Market bounced back from 7000 strongly. But the push is harder than expected, may involve some manipulation. carefully pick your shares at this moment and realize profits in small portions without damaging the momentum. Good luck guys!
judecroos likes this post
Re: CSE - The World's best performer! Wed Mar 10, 2021 3:03 pm@madukp wrote:@madukp wrote:
As expected Market bounced back from 7000 strongly. But the push is harder than expected, may involve some manipulation. carefully pick your shares at this moment and realize profits in small portions without damaging the momentum. Good luck guys!
It has happened. push backs were super strong today. Even though ASI reach 7450 in the morning, there wasn't any support level @7400 to 7300. Tomorrow it will exercise the next support levels @7200 / 7150. The pushback may involve manipulation + investor fear. The market might need few swings before it gets into the next bull run. Meantime try to gran at lower and realize in higher in small quantities. Good Luck!
Re: CSE - The World's best performer! Wed Mar 10, 2021 3:06 pmKipling and madukp like this post
Re: CSE - The World's best performer! Wed Mar 10, 2021 3:16 pm
May be you should look at the vehicle auction yards of leading finance companies, min 75% stocked up. Why don't you participate in gold jewellery auctions? see how many people have defaulted! Take a look at the news on howmany people are robbing valuables!@madukp wrote:@madukp wrote:@madukp wrote:
As expected Market bounced back from 7000 strongly. But the push is harder than expected, may involve some manipulation. carefully pick your shares at this moment and realize profits in small portions without damaging the momentum. Good luck guys!
It has happened. push backs were super strong today. Even though ASI reach 7450 in the morning, there wasn't any support level @7400 to 7300. Tomorrow it will exercise the next support levels @7200 / 7150. The pushback may involve manipulation + investor fear. The market might need few swings before it gets into the next bull run. Meantime try to gran at lower and realize in higher in small quantities. Good Luck!
Downtrend continued as ASPI couldn't find any support today. The market will exercise 7150 support tomorrow and maybe going towards 7000 again. The only good thing is about today is record level low turnover: 657,979,267. On the other hand, many have refused to sell at low levels, but some people still enjoying selling for a reason that personally I can't think about.
madukp likes this post
Re: CSE - The World's best performer! Wed Mar 10, 2021 3:24 pmThings can change overnight. Who expected the turnover levels the market witnessed in January'21?@RJ1010 wrote:Yes I see the low turnover positively. Sellers are holding the line and not sellling cheap... on the other hand the buyers are positioned at lower prices. Once the bottomed out selling gets absorbed we should see a swing to the upside. How long will it take.... can’t predict
Kipling, madukp and Bakkabwoi like this post
Re: CSE - The World's best performer! Wed Mar 10, 2021 3:28 pm@reyaz wrote:May be you should look at the vehicle auction yards of leading finance companies, min 75% stocked up. Why don't you participate in gold jewellery auctions? see how many people have defaulted! Take a look at the news on howmany people are robbing valuables!@madukp wrote:@madukp wrote:@madukp wrote:
As expected Market bounced back from 7000 strongly. But the push is harder than expected, may involve some manipulation. carefully pick your shares at this moment and realize profits in small portions without damaging the momentum. Good luck guys!
It has happened. push backs were super strong today. Even though ASI reach 7450 in the morning, there wasn't any support level @7400 to 7300. Tomorrow it will exercise the next support levels @7200 / 7150. The pushback may involve manipulation + investor fear. The market might need few swings before it gets into the next bull run. Meantime try to gran at lower and realize in higher in small quantities. Good Luck!
Downtrend continued as ASPI couldn't find any support today. The market will exercise 7150 support tomorrow and maybe going towards 7000 again. The only good thing is about today is record level low turnover: 657,979,267. On the other hand, many have refused to sell at low levels, but some people still enjoying selling for a reason that personally I can't think about.
This will certainly reflect very badly in the books of big banks very soon. Then you will get an idea of the economic outlook
samaritan and judecroos like this post
Re: CSE - The World's best performer! Wed Mar 10, 2021 5:11 pm
Last edited by madukp on Wed Mar 10, 2021 5:17 pm; edited 1 time in total (Reason for editing : Image preview is smaller, changed to the source link)
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