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Our direction
THEREFORE,
The most important signal for a clear and distinct trend reversal for TG decisively pierced ahead the 1st HIGHER high i.e. 677, it is the important uptrend wave starting
Next the FIBO + 38.2% at 6.95 then next +50% at 7.48.
1) So, need to break 6.77 and 6.95 the best.
2) HOLD and don't sell the shares as TG provides an excellent dividend at current price point.
3) Do not let the shortsellers have chance to collect tickets. Support and focus on point 1)
4) Don't push up the price especially at TO (8:30am-8:59am), others will take advantage especially the day traders. Our Goal and Action for next week
Goal on Tuesday and beyond: 2%+
Every day 2%+, we can break major resistant in 1 week.
Day 1: 6.74x1.02=6.87 (fibo 38.2%) (they are losing from this price point)
Day 2: 6.87x1.02= 7.01
Day 6: 7.44x1.02=7.59 (> fibo 50%) (they will lose all their possible profit from this price point)
This is my own strategy based on my personal opinion and does not constitute a buy/sell call.
My Defend Strongly (Maintain Last Closing Price) & Attack Safely (2% max Every Trading Day) Strategy.
1. Invest with monies which are not needed in the immediate future. Do not resort to borrowings or debt or margin facilities with brokers.
2. Allocate a certain % of funds for each trading day. Do not use more than 10% each day.
3. Defend the last closing price of TG until 4.35pm.
4. At 4,35pm, buy and push up the price by 1 cent only every trading day so as not to attract profit taking.
5. If the price shoots up > 2% , we stop buying and let the price run.
6. Repeat this every trading day.
My Daily Action Plan
1. Before 9.00am, queue Buy Order at 6.74 (or any last closing price) to form the defence line.
2. If the 6.74 defence line is broken, retreat and queue Buy Order at 6.73 or the next possible price to form the next defence line.
3. Do not attack until 4.35pm.
4. At 4.35pm, if the defence line is not broken, reduce half of my queue Current Buy Order.
5. Queue New Buy Order at 6.75 price until 4.45pm.
6. If the price shot up more than 2% from previous close, do not chase.
7. Repeat Step 1 to 6 for the next trading day.
Rubber gloves stocks, lead by TOPGLOVE just need to hit the "tipping point" now to turn from the current sideways trend into UPTREND (based on TA rules).
The stock price will rise easily in an uptrend wave.
And yet RSS says retailers are in kindergarden. mervin n citron cases not enuf to prove retailers' fundamentals?? We are millanuem retailers. later uncle aunties ll follow
stupid cai leng, another fellow can't read full content. stated: above are my own personal strategy n it is not a buy/sell call. cai leng go photo edition n report. n we ll report u back for fraud report.