Monday down?

Dow Jones closed flat, 20+ up. I am wondering if this is the reversal point.

I might be stupid here but I actually paid a subscription for a tips in one Facebook group. Well, here are the reason why I subscribe for a month.

1. I want to learn more things. With their analysis, at least I can compare what if I am doing it alone. Well, I have entered the group and I am quite satisfied with the information given by them.

2. To double confirm my analysis with them is similar. If the great mind bleeds alike, I think it's a good sign for me to move on to the next level.

3. I believe that self learning on charting analysis is much more efficient than attending course. So far, I received many mails regarding about ChartNexus that they are having a course here and there. To join them is not cheap, I heard it's about RM 5k++. And it's probably a week course. Well, I don't believe that you can analyze the chart right after the course. You still need to learn. If you think you can do it, probably you are still naive.

Anyway, regardless of these, I might want to jolt down my stock to watch for Monday.

31st to 4th November 2011

MALTON:
Tips from Facebook - Buy at 0.655 if price is lower than 0.64. Cut loss at 0.575
My analysis - A very strong resistance at 0.64, and MACD shows red. RSI shows at 64%. Tomorrow is the vital point to see if MALTON is up or down. If it closed below 0.575, you might want to consider a cut loss here.
The reason why the tip asked me to buy at 0.655 is to CONFIRM the uptrend. Do not against the dragon, as you have not enough weapon to be a dragon slayer.

CNOUHUA:
Tips from Facebook - Buy at 0.34 if price is lower than 0.325. Cut loss at 0.275
My analysis - It closed at 0.31 last Friday. To confirm a uptrend, buy it at 0.34. My mental strength is quite bad nowdays and to buy it at 0.34, I am literally forgoing 3 cents. I might pass this stock. Currently, it shows a downtrend perhaps I need to wait another wave of bullish sign.


REDTONE:
Tips from Facebook - Buy at 0.345 if price is lower than 0.33. Cut loss at 0.255
My analysis - It dropped to 0.3 last Friday. MACD shows sell signal soon. That's the reason why you shouldn't buy a stock straight away when you know it's going downtrend.

DRBHCOM:
Tips from Facebook - Buy at 2.19 if price is lower than 2.16. Cut loss at 1.94
My analysis - I will say, cut loss at 1.91. MACD shows green and buy. RSI shows overbought and if it breaches lower than 70%, it might be a sell sign. Same goes to stochastic. I am not sure why the buy price is at 2.19 but as long as it opens lower than 2.14, technically, you can buy it at 2.16. I might be missing a point here. But we shall see how this stock goes first.


Well, that's all for today.
See you tomorrow and good luck.