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Harmonic Price Patterns
The Investor Sentiment - Equity and investments forum for Sri Lankans :: Equities :: Technical Trading
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Re: Harmonic Price Patterns
TAH wrote:More often than not JKH has been technical friendly due to its good liquidityserene wrote:Appreciate your work TAH and wish JKH will prove the technicals. If so others will also follow the JKH.Which will create atime.
![]()
True mate also what i'm seeing is JKH is more or less determine the pattern of APSI.I'm not expert in charts but the comparison of moving averages seems to prove it.So if we can find counters which react to the ASPI trend we might get handy profits by analyzing solely JKH pattern and technicals.
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Re: Harmonic Price Patterns
I would be more comfortable to shed 100+ points on S&P20 now. or towards 3150 to complete a triple bottom.
The reason being the testing of 38.2% will act as a natural resisitance. This is the phase we are in.
But not necessarily we should see a reversal, it could be that50% or 61.8% could act as RES zones for the Index.
But in any case for such a scenario to exist we should BREAK 33xx jinx with high powered volumes.
But the question would be is this the Right time to break the 33xx levels.
SHARK a.k.a TAH- Top contributor
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SHARK a.k.a TAH- Top contributor
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Re: Harmonic Price Patterns
SHARK a.k.a TAH- Top contributor
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Join date : 2014-03-01
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SHARK a.k.a TAH- Top contributor
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Join date : 2014-03-01
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SHARK a.k.a TAH- Top contributor
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Location : Abu Dhabi, UAE
Re: Harmonic Price Patterns
This could be due to sell off for brief
SHARK a.k.a TAH- Top contributor
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Re: Harmonic Price Patterns

SHARK a.k.a TAH- Top contributor
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Re: Harmonic Price Patterns
Write down 2 targets specifically ......
6215 ----> very important to break this number (we could see a reversal yet again)
+7000 -----> would in sight within a year or year and half.
imagine where would JKH be in such a scenario.
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Re: Harmonic Price Patterns

I have not discussed the reversal targets as yet as +7000 has to come before we could see a major change in ASPI trend.
You know what i mean.
Dont think i am fantasizing with words, but soeaking in technical sense.
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Re: Harmonic Price Patterns
sashimaal- Top contributor
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Re: Harmonic Price Patterns
TAH wrote:As you know i will not post the ASPI chart and dont bother me requesting as well :)i will not share it.
I have not discussed the reversal targets as yet as +7000 has to come before we could see a major change in ASPI trend.
You know what i mean.
Dont think i am fantasizing with words, but soeaking in technical sense.
Ground is set for a very healthy run



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Re: Harmonic Price Patterns
serene wrote:TAH wrote:As you know i will not post the ASPI chart and dont bother me requesting as well :)i will not share it.
I have not discussed the reversal targets as yet as +7000 has to come before we could see a major change in ASPI trend.
You know what i mean.
Dont think i am fantasizing with words, but soeaking in technical sense.
Ground is set for a very healthy run![]()
.But who knows funny things happens
.
Thx TAH for your contribution.
I guess we can see interesting period ahead. Because,
1. Most company will present healthy results pending & comings quarters. Most of companies restructuring their business, investing to new projects/expanding their business. Ex. JKH, SHL.
2. The government will do something for establish the country direction. I guess after the UNHRC & election they understood their status & what they want to improve within next 1-2 years for survival.
3. Hope famouse government back institutions will list in cse & will attract more investors.
These are just my thoughts.
Last edited by Nuinth on Sun Apr 06, 2014 12:24 pm; edited 1 time in total (Reason for editing : Add more content)
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Re: Harmonic Price Patterns
Nuinth wrote:serene wrote:TAH wrote:As you know i will not post the ASPI chart and dont bother me requesting as well :)i will not share it.
I have not discussed the reversal targets as yet as +7000 has to come before we could see a major change in ASPI trend.
You know what i mean.
Dont think i am fantasizing with words, but soeaking in technical sense.
Ground is set for a very healthy run![]()
.But who knows funny things happens
.
Thx TAH for your contribution.
I guess we can see interesting period ahead. Because,
1. Most company will present healthy results pending & comings quarters. Most of companies restructuring their business, investing to new projects/expanding their business. Ex. JKH, SHL.
2. The government will do something for establish the country direction. I guess after the UNHRC & election they understood their status & what they want to improve within next 1-2 years for survival.
3. Hope famouse government back institutions will list in cse & will attract more investors.
These are just my thoughts.
Also
1. Banks and NBFI's will be stronger if the pending mergers are successful.May be foreign loans with less Interest rates if the Sovereign ratings improved due to stability in financial sector
2.Less corruption due to International pressure and the little red light on concluded election.
3.Lower interest rates would encourage investments.
4.Even in the CSE less manipulation can be seen compare to past.
My personal view as well.
Last edited by serene on Sun Apr 06, 2014 1:06 pm; edited 1 time in total (Reason for editing : Addition to content)
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Re: Harmonic Price Patterns
SHARK a.k.a TAH- Top contributor
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Re: Harmonic Price Patterns
in technical view we could see this share going up at least 4-5 Rs in the short term.
TAH
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Re: Harmonic Price Patterns
TAH our ASIY awaits.TAH wrote:Perhaps July-Sep period more companies will declare dividends.... So now is the time to collect shares eyeing those announcements ....
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Re: Harmonic Price Patterns
well i am not sure they will match .38c dividends.... what you think.dhanurrox wrote:TAH our ASIY awaits.TAH wrote:Perhaps July-Sep period more companies will declare dividends.... So now is the time to collect shares eyeing those announcements ....
As per their policy they will maintain a 20% payout on NPAT.

How ever lets the 10c dividends if we receive would be better off than CTBL am i right.

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Re: Harmonic Price Patterns
My original post on ASIY was that the counter would be a good collection at around 3.10 which we are in. that came in from 3.80.
If in case they match .38c dividend or slightly better, then this is in a massive discount .
.38/3.10*100=12.25%/6months*12months that should give 25% return on dividend payment alone.
Then what about the capital gain.
All in all to sum up ASIY 3.10Rs is a good collection if you were able to collect it.
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Re: Harmonic Price Patterns
On XD date this was trading around 183-184. Then came to 173 and now back again 180 in a span of few days .....
I am hopefull this will easily be in 200Rs in the coming months
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Re: Harmonic Price Patterns
Decision makes hold almost all the shares.I think close to 97%.more than .10 possible.I don't have this yet.Last time enjoyed the party.TAH wrote:This is because you are paying a premium of 1Rs if you are holding CTBL. whilst ASIY costs only 3.10.
My original post on ASIY was that the counter would be a good collection at around 3.10 which we are in. that came in from 3.80.
If in case they match .38c dividend or slightly better, then this is in a massive discount .
.38/3.10*100=12.25%/6months*12months that should give 25% return on dividend payment alone.
Then what about the capital gain.
All in all to sum up ASIY 3.10Rs is a good collection if you were able to collect it.
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Re: Harmonic Price Patterns
But all this would be speculative....
Lets be patient till AUG-SEP

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