Bursa Maniac

Two days ago explorer filter out a few counters one of it was WEIDA. Look at the chart and it intraday movement found should be a good buy so yesterday got some . My support and resistance of WEIDA .If it able to break 1.24 , the next resistance should be around 1.32 then 1.60 after that will meet 2.00 resistance, about 2 more days will have a TC of high

WEIDA had reach 1.32 one of it resistance point and also it short term TC of high , so my point of view should be time for correction, if so coming trading it may stop moving north , then move back to south then the support should be around 1.28 to 1.22 this may take 3 to 5 days for correction, then go for it next level of pointing to north.

first of all as i had said the chart(bars code) will tell something, so mean from the code she told me she is going north. mean before we 1 2 analysis a chart we must know it language, so how she told me ? On 10/7 a long candle pop up, this candle was telling that it correction had completed so close higher than 4/7 open, 4/7 was the start of correction, 11/7 form a doji which close higher than 10/7, most of the charts readers will say doji is a sign of down for me not really(I do make lot of money from this type of doji), yes most of the time this doji do show sign of correction but this have to combine with previous candles to tell not all doji are bad. any way I still cant make very sure so on 12/7 I jump in late after 3.00pm then I confirm it will move north.
From my TAS indicator 11/7 also show that it will push up cos the indicator had move above it moving average.
As I had said TC do show me there are still 2 to 3 day to reach it cycle of high so still have time to go north.
1.32 it was a left right effect .

To be good in Chart analysis understand charts language is a must, as for draw trend line is not really that important. pattern also not that important , just because many people will force the chart to form a pattern this is a killing part , never to force the chart to form a pattern. After read my post please don't make use of this doji as a buy signal as it may kill for me. As I said I have to combine other bars to confirm this doji function, if you were to use it use as your own risk.

 Breakout , this is the game we used to play some yrs ago, was always correct. those days not much people aware and know about price break out, because those days computer 97% of the people in Malaysians have no computer cos the price are to expensive for us and also for us it is a monster cos we don't know how to use it.So we draw our own charts me and my master every days we draw about 500 charts include Singapore counters, My master told me the breakout so we make money from break out . so the breakout system out from our moth, till many people know about breakout , since most people already know about breakout sure the big boys knew it too , will they so stupid that use breakout to let us the retailers make money ?
Time had change just a breakout not really is a good tool any more. So now I still use breakout but now have to add some other signal to confirm the breakout, the WEIDA was also one of the breakout too , but I had add some other study as I told you, if buy at the breakout mean I have to get it at 1.25 that will be no meat in the short term. but for long term should be lot of meat.