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Harmonic Price Patterns

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SHARK a.k.a TAH
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http://sharemarket-srilanka.blogspot.co.uk/

Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Thu Apr 10, 2014 5:52 pm
@wmdcf wrote:
@Seyon wrote:
Good counter, Valuation is strong, No debt, expecting minimum Rs.1.5 dividend in coming months.. Projects of Ranmudu Oya Mini Hydro Projects and Anantaya Resort and Spa have started their commercial operation which boost the profit in coming years.  

LGL is laugfs gas plc or laugfs holding company?

LGL is Laugfs Gas PLC.

Lauggfs Gas PLC's parent company (or major Share Holder) is Laugfs Holding Ltd.

_________________
"Investing is easy to learn, but it takes a lifetime to master."
SHARK a.k.a TAH
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 9:56 am
The sampath & Lioc trading outside RES looks though it has quiet successfully broken this time around.

LIOC broke the RES with nice volume.

Let me put the SAMP chart here, most positively we are looking 185/190 as a short term & then to trade around 200+

However LIOC i feel it has limited upside once within reach of Rs 50/-.

So those trying to collect LIOC please do have your stops before its too late.

Good Luck

TAH

Harmonic Price Patterns - Page 8 Samp14
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 10:00 am
The good thing about SAMP presently is the MACD had a recent crossover, RSI within O/b reach, but looks very positive and pointing upward.

You would also see the Divergence on MACD (October-DEcember 2013)

Remember i told the Reversal of SAMP would be in 16* levels when we were in SLEF as quiet rightly it has turned that way if you look at the chart.
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 10:22 am
Looks though LIOC has hit a snag ....... If the candle stays as it is, retailers may look a bit edgy to sell and we could see 39 opening up.

This is not so bad for those looking LIOC around 45+, mainly due to its nature that after such break out always we see the PULLBACK towards the Trend line.

TAH

Here is the chart on LIOC and i will follow up an interesting chart on Sanasa if you all are interested.

Harmonic Price Patterns - Page 8 Lioc12
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 10:24 am
TAH wrote:Looks though LIOC has hit a snag ....... If the candle stays as it is, retailers may look a bit edgy to sell and we could see 39 opening up.

This is not so bad for those looking LIOC around 45+, mainly due to its nature that after such break out  always we see the PULLBACK towards the Trend line.

TAH

Here is the chart on LIOC and i will follow up an interesting chart on Sanasa if you all are interested.

Harmonic Price Patterns - Page 8 Lioc12

hello tah

what would your expectation on asiy be assuming a similar dividend is paid. capital gain percentage?
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 10:29 am
updated LIOC with few remarks ......which i am trying to highlight.If you get the idea thats the main thing.

Hope this helps you ....


Good luck.

So dont be Panic if you are HOLDING LIOC since yesterday, as a trader have the stops around 38.5-39 or 37.8 to give enough room for the Trade to develop, and sell below 48-47 as at ....target


Harmonic Price Patterns - Page 8 Lioc13
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 10:43 am
@1shot

ASIY currently trading 3.10 Results are better than Last year, however will they maintaing same .36c dividend.

Assuming they will give this same rate, ASIY price will appreciate towards 3.50-4Rs. Its counterpart CTBL has been paying .17c -.25c last 2 years.

We would have to wait and see how this year they will declare dividends.

once we know the pattern, people will collect it.

I am tipping ASIY to be a GEM in coming years if they continue to grow at a nice pace.

The ASIY is forming a base around 3.10 and we should see upward move from June-July prior to dividends announcement

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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 11:05 am
@TAH

Would it be possible for u to post TJL chart with your technical inputs, which would be great helpful to our members.

Thanks in advance
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 11:16 am
TAH wrote:@1shot

ASIY currently trading 3.10 Results are better than Last year, however will they maintaing same .36c dividend.

Assuming they will give this same rate, ASIY price will appreciate towards 3.50-4Rs. Its counterpart CTBL has been paying .17c -.25c last 2 years.

We would have to wait and see how this year they will declare dividends.

once we know the pattern, people will collect it.

I am tipping ASIY to be a GEM in coming years if they continue to grow at a nice pace.

The ASIY is forming a base around 3.10 and we should see upward move from June-July prior to dividends announcement


much appreciated for your insights
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 1:31 pm
@Seyon wrote:
@sashimaal wrote:LGL.N and x already moved up approx 10% within the last couple of months and may go further due to the relatively high dividend expectations, consistant growth, fundamental soundness and having the blessings of the Govt.  Smile

Good counter, Valuation is strong, No debt, expecting minimum Rs.1.5 dividend in coming months.. Projects of Ranmudu Oya Mini Hydro Projects and Anantaya Resort and Spa have started their commercial operation which boost the profit in coming years.  


Seems like people have seen this post Smile Wish i could have bought more Smile
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 2:30 pm
I am posting the CITK chart.
Technically it is in the near zone of a break out to the higher or below.

Moving up i would see CITK to settle around 6.50 whilst downward we would see a SUPPORT around 4.8-5 Rs.

Entering now around 5.5-5.7 would be ideal.....

Harmonic Price Patterns - Page 8 Citk11
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 2:32 pm
RSI in Bullish whilst MACD may give a SELL signal if CITK come to 5.50.

If the price falls to 4.8 and still manage to indicate a BULLISH divergence, that will eventually see through 6Rs+
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 2:33 pm
TAH wrote:I am posting the CITK chart.
Technically it is in the near zone of a break out to the higher or below.

Moving up i would see CITK to settle around 6.50 whilst downward we would see a SUPPORT around 4.8-5 Rs.

Entering now around 5.5-5.7 would be ideal.....

Harmonic Price Patterns - Page 8 Citk11
It's hard to guess a one which will fall in coming weeks know? Very Happy 
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 2:40 pm
Today our Harmonic Price Pattern reached 25xx Hits, in a span of 40days we have been able to achieve small feat  cheers 

Harmonic Price Patterns - Page 8 Hpp10
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 2:43 pm
@Dhanurox

Did you notice a Harmonic Price Pattern on CITK.

The pattern will complete around 8Rs~8.50Rs
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 2:45 pm
LIOC seem to be steaming past  Very Happy 

Also Had a look at CSF @7.80 which is in a near term Break Out.

Good Luck
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 3:09 pm
Great work TAH !

Technical Analysis is very useful and much appreciated Smile

TAH wrote:Today our Harmonic Price Pattern reached 25xx Hits, in a span of 40days we have been able to achieve small feat  cheers 

Harmonic Price Patterns - Page 8 Hpp10
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 4:04 pm
@sashimaal wrote:Great work TAH !

Technical Analysis is very useful and much appreciated  Smile

TAH wrote:Today our Harmonic Price Pattern reached 25xx Hits, in a span of 40days we have been able to achieve small feat  cheers 

Harmonic Price Patterns - Page 8 Hpp10

Yes trader@home, ඔයානම් මාරයි  Very Happy 
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 4:43 pm
The CITK with Harmonic Flavour ......  Laughing 

Harmonic Price Patterns - Page 8 Citk12
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 4:51 pm
This is my chart on CSF.

CSF and CITK in mini break out formation, whilst CSF has a mini harmonic price pattern.

Ranging between 7.60 & 8.00



 Laughing 

Harmonic Price Patterns - Page 8 Csf11
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 5:00 pm
TAH wrote:updated LIOC with few remarks ......which i am trying to highlight.If you get the idea thats the main thing.

Hope this helps you ....


Good luck.

So dont be Panic if you are HOLDING LIOC since yesterday, as a trader have the stops around 38.5-39 or 37.8 to give enough room for the Trade to develop, and sell below 48-47 as at ....target


Harmonic Price Patterns - Page 8 Lioc13
The volume 1.5 million and price moving in perfect harmony  Basketball 
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 5:04 pm
Here is the LIOC chart which working in tandem with technicals so far ......


Harmonic Price Patterns - Page 8 Lioc14
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 11:35 pm
A more colorful CITK Bat Pattern.

Harmonic Price Patterns - Page 8 Citk13

Let us see whether the Pattern will realise .......

Good luck to all

TAH
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 11:49 pm
Collecting reasonable quantities of CITK around Rs 5 will be challenging as many buyers will pop in at the same time... I have tried a few times...
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Harmonic Price Patterns - Page 8 Empty Re: Harmonic Price Patterns

Fri Apr 11, 2014 11:54 pm
TAH - how do you identify the angles of the HPPs (referring to the points at which the target prices are drawn - Ex: the Rs 9.50 green target)
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