TradeVSA Digest Week 4 Dec 18, 2018
Editor Commentary:
KLSE Market Update
Bursa Malaysia KLCI Index
This market is getting more bearish in the longer term. KLCI is in RED HeatZone. This mean it’s trend may still be Down or LIKELY continue to go Lower. Wait for bar confirmation like Sell-Off (SO) for trend continues @ RM 1652.63 or lower, Or Line Change (LC) for trend reversal @ RM 1684.36 or higher for KLCI.
SGX Market Update
Straits Times Index
On 2018-12-17, Sti is trading at 3,114.25 and change %from last bar was 1.20 %, (+37.16, 3,077.09). And also 3-Month low. This market condition is considered to be slight bullish for stock counter Sti.
STI is in GREEN HeatZone. This mean it’s trend may still be UP or LIKELY continue to go Higher. Wait for bar confirmation like Line Change (LC) for trend continues @ 3149.71 or higher, with Immediate Stop Loss (if trend reversal) @ 3,053.99 or lower for STI. This market is moving sideway prior before 2018-12-14. Watch for more sign of strengths bar with increased volume as uptrend confirmation @ 3,149.71 or higher.
DJIA Market Update
Dow Jones Industrial Average (DJIA)
On 2018-12-17, US DJI is trading at 23,593 and change % from last bar was -2.10 %, ( -507.5, 24,100.5). It is 1-Month low. And also 3-Month low. This market condition is considered to be very bearish for stock counter US DJI. This bearish condition is despite, US DJI has strengths in the background in the last 30 bars. There are 7 SOS. US DJI is in RED HeatZone. This mean it’s trend may still be Down or LIKELY continue to go Lower. Wait for bar confirmation like Sell-Off (SO) for trend continues @ 23,881.4 or lower, Or Line Change (LC) for trend reversal @ RM 24828.3 or higher.
Stock Trade Idea
See More »
Hidden Potential Buying below support level – Guan Chong (5102.KL)
Case Study
See More »
Avoid Stock with Weak Background – Gamuda Bhd (5398.KL)
Facebook Live
See More »
TradeVSA Stock Trade Idea, 30 November 2018
Video Tutorial
See More »
Introduction to VSA
Education/Market Commentaries
See More »
Weekly Market Report – 8 December 2018
View TradeVSA Backtest Result – 18 Line Change BackTest Trades Between 2017-12-05 & 2018-12-05 ,+364 days for Supermax Corporation Bhd, (SUPERMX)
Click the button / link below:
Avoid trading overactivity
Checking in on your stocks once per quarter — such as when you receive quarterly reports — is plenty. But it’s hard not to keep a constant eye on the scoreboard. This can lead to overreacting to short-term events, focusing on share price instead of company value, and feeling like you need to do something when no action is warranted.
Free Book
How to Make Money in the Stock Markets
William J. O’Neil’s national bestseller, How to Make Money in Stocks, has shown over 2 million investors the secrets to building wealth. O’Neil’s powerful CAN SLIM® Investing System―a proven 7-step process for minimizing risk and maximizing gains―has influenced generations of investors.
VSA 101
– Everything You Must Know About VSA
An approach to universal analysis
VSA can be used in all markets and with different timeframes, the trader just needs a volume histogram in his price charts. In some markets like the stock market or the futures market, actual transaction volumes are available, yet in other markets – like forex which isn’t centralised – actual volume numbers are not available. However, this doesn’t mean that a trader can’t analyse foreign exchange market volumes, he must simply analyse the volume observed on each tick.
Forex volume can be represented by the amount of activity observed in each bar or candlestick. One must keep in mind that the big professional traders are heavily involved if there is a lot of activity on a candlestick. Conversely, a low level of activity means that professional traders are abstaining from the movement. Each scenario can have implications on the balance of supply and demand, thereby helping the trader identify a probable direction of the market in the short to medium term.
Join us in this workshop as we’ll share with you how you can trade profitably using intraday charts, how to identify points where supply and demand are out of balance and price is about to move, the common mistakes using intraday chart that may be costing you money and how to avoid them, how to apply a simple rule-based trading strategy to any asset class including stocks and futures. Below are the details & Registration Link:
Registration Link: https://bit.ly/2rsig9p
Date: 29 December 2018 (Sat)
Time: 2pm – 4pm
Venue: Starbucks, TTDI (Venti Room)
Disclaimer
All views or opinions articulated on this email are expressed in TradeVSA and its writers’ personal capacity and do not in any way represent those of the company, their employers and other related entities.
All posts and published materials made do not constitute to being investment advice or recommendations. TradeVSA and its writers do not take responsibility whatsoever for any loss or damage of any kind incurred from opinions or facts made from this website. TradeVSA and its writers do not take responsibility for any factual inaccuracies made. All posts may be edited in the future.
Copyright © 2018 Investmatic Management, All rights reserved.
You are receiving this monthly email because you have opted in at our website tradevsa.com. We will be updating you on analysis of investment ideas, current market affairs, and training on investment concepts and application. Watch out for our special offers and future events as well.
Our mailing address is:
Unit A-16-13, Block A, 16th Floor,
Tropicana Avenue, Persiaran Tropicana,
47301 Petaling Jaya, Selangor, Malaysia
Email – support@tradevsa.com
Contact – +60-10-266-9761
Share it…
Be the first to leave a review.
