tag:blogger.com,1999:blog-102269436891075951.post2422474607879837534..comments2023-06-17T22:10:28.556+08:00Comments on Donovan Norfolk's Market Analysis: WILMAR: 24 November 2012, Saturday, 1.20pm Singapore TimeDonovan Norfolk Anghttp://www.blogger.com/profile/08147030032979876340noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-102269436891075951.post-82231287271367153962012-12-07T15:57:00.055+08:002012-12-07T15:57:00.055+08:00Hi Cune,
The following was my reply to someone, s...Hi Cune,<br /><br />The following was my reply to someone, so I thought I would put it here to reply you too. <br /><br />Actually such buying before breakup has the highest reward because the stop loss at the breakdown price is still near; higher risk usually have higher rewards.<br /><br />For buying after breakup, you usually have to wait for it to retrace (and it is hard to know where and when it will retrace and subject one to missing the most of the run), and also buying on immediate breakups subject one to nasty shakeouts too. Hence considering everything in totality, buying within the triangle poses better reward-risk ratio. <br /><br />So to be safest of the safest, spread ur buys; buy abit inside the triangle and decide only after the break up or break down.<br />My suspicion is because the triangle is so nice, it may do a fake breakdown before the real break up, which wld definitely whip many longs and shorts both within one swooping kill<br /><br />As overall mkt FFA is longs, that's why my take on wilmar is go Long.<br /><br />That's my view. <br />I may be wrong though. <br />Hope it helps.<br /><br />Regards,<br />DonovanDonovan Norfolk Anghttps://www.blogger.com/profile/08147030032979876340noreply@blogger.comtag:blogger.com,1999:blog-102269436891075951.post-8374626354111319362012-12-07T15:45:50.225+08:002012-12-07T15:45:50.225+08:00Market recently is bullish, this guy is still trap...Market recently is bullish, this guy is still trapped in a triangle, with very little movement, the big movement could be going south instead, but let's see. (Indo and other agri stocks are not doing well as well)Cunehttps://www.blogger.com/profile/13622532214681656155noreply@blogger.com