CSE - The World's best performer!

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.

SEC should issue a letter to all brokers with ANCs new guideline unless brokers may say they are not in Twitter 

madukp wrote:

xhunter wrote:

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.

How this technical support or resistance works in real world?
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

madukp wrote:

madukp wrote:

xhunter wrote:

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.

How this technical support or resistance works in real world?
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.

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!

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!

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.

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

reyaz wrote:

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.

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!

This will certainly reflect very badly in the books of big banks very soon. Then you will get an idea of the economic outlook