ASI - coming week

PAT
Moderator
Moderator
Posts: 6275
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: ASI - coming week

Postby PAT » Sat Jul 22, 2017 10:53 am

roshana7549 wrote:Due to the possible further interest rate drop, there can be chance for a finance sector rally, anyway rate drop is good for the entire market...
therefore I feel still we can keep hopes on 7000 in the short term.

.......... :ymdaydream:
Live Today........
Without compromising your ability to Live Tomorrow……… :)

stockback
Technical Analyst
Technical Analyst
Posts: 413
Joined: Tue Nov 17, 2015 12:30 am
Flag: Sri Lanka

Re: ASI - coming week

Postby stockback » Sun Jul 23, 2017 7:43 pm

end of this month H. Port agreement...

that is enough to move beyond 7000 level.

PM said about H.Port agreement ..

stockback
Technical Analyst
Technical Analyst
Posts: 413
Joined: Tue Nov 17, 2015 12:30 am
Flag: Sri Lanka

Re: ASI - coming week

Postby stockback » Sun Jul 23, 2017 7:46 pm

now RSI is 41.

another 50-70 points drop then RSI will touch 30 level. this time RSI 30 is good point to bounce back...


but Monday key days. I can see Chanel bottom touch last Friday if ASI is green then small run is around 150 units. if ASI move beyond 150 level more. then we can see continue upward trend.

User avatar
sashimaal
Moderator
Moderator
Posts: 3233
Joined: Mon Jan 12, 2015 4:17 am
Flag: Sri Lanka

Re: ASI - coming week

Postby sashimaal » Sun Jul 23, 2017 8:07 pm

Thanks Stockback for the update
"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

Asitha123
Member
Member
Posts: 157
Joined: Thu May 18, 2017 1:55 pm
Flag: Sri Lanka

Re: ASI - coming week

Postby Asitha123 » Sun Jul 23, 2017 9:26 pm

More than enogugh Good News to pass 7,000
1. Hambantota port deal to be finalize within this month.
2. Inflation slowed during june.
3. Interest rates drop from 100bps in last few months and fresh hopes for further decline.
4. Foreign reserves increasing continuously.
5. High Investor Confidence due to Imf tranche.
6. Results are on the way due to GSP+ regaining.
7. New IR bill will improve Govt Income and simplify the Tax system.
This is my personal view, I may be wrong, Please do not take my posts as buy or Sell Recommendations. Do your own analysis before following anyone's posts.

User avatar
sashimaal
Moderator
Moderator
Posts: 3233
Joined: Mon Jan 12, 2015 4:17 am
Flag: Sri Lanka

Re: ASI - coming week

Postby sashimaal » Sun Jul 23, 2017 10:08 pm

Thanks Asitha... I too have mentioned what Hambanthota Port agreement signing (without opposition sabotage) can do to the CSE in a past post :-bd
"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

PAT
Moderator
Moderator
Posts: 6275
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: ASI - coming week

Postby PAT » Sun Jul 23, 2017 10:24 pm

Thanks all, coming colours good, if everything goes as planned...... :D
Live Today........
Without compromising your ability to Live Tomorrow……… :)

traderchandi
Senior Member
Senior Member
Posts: 323
Joined: Fri Jan 06, 2017 6:38 am
Flag: Sri Lanka

Re: ASI - coming week

Postby traderchandi » Mon Jul 24, 2017 2:38 pm

THIS IS HUGE. Who is interested :ymdaydream:

Tony Weeresinghe brings Wall Street to Colombo investors


Sri Lankan IT pioneer Tony Weeresinghe will this week in Sri Lanka be launching his latest venture Ustocktrade, a revolutionary online trading platform that offers individual and institutional investors access to US securities at an unprecedented $ 1 per trade, with sale proceeds credited the same day.

Approved by the Central Bank of Sri Lanka, the platform is open to Sri Lankans with US dollar RFC or NRFC account with specified banks.

Ustocktrade recorded historic success in the US, transacting over a billion dollars since its January 2016 launch and is hailed as a tool for the democratisation of wealth.

Weeresinghe will be joined by a panel of entrepreneurs in a presentation entitled ‘Democratize Wealth’ in Colombo on 27 July. Ustocktrade (http://www.ustocktrade.lk) will be launched and open for registration at the same time.



Weeresinghe’s reputation as a successful innovator and disruptor in the financial services sector was established with his first venture – Millennium IT – which built the world’s fastest and most robust equity trading systems. He embellished that reputation by transforming systems at the London Stock Exchange (LSE) and being invited on to the board of the LSE. He resigned from that prestigious position and went on to build the disruptive trading platform Ustocktrade, the world’s first retail Alternative Trading System (ATS). Weeresinghe’s mission is to bring Wall Street to Main Street, with easy, affordable and fair access to US stocks to small investors.

Following its unexpected success in the US, Ustocktrade is set to launch in Sri Lanka at the end of July. Being the first international expansion, it will open access to US securities trading for the Sri Lankan investment community and will also be the first step in Ustocktrade’s aim to connect nations through its financial market networks.

Ustocktrade is the first stock trading platform to afford Sri Lankans the opportunity to invest in and trade US securities without requiring an international broker. Extending the Ustocktrade platform into Sri Lanka aligns perfectly with Sri Lanka’s ongoing initiatives for economic development by making it easier for Sri Lankan citizens and residents to invest in US securities.

With its launch in Colombo, Ustocktrade will enable eligible investors (apart from US citizens and US permanent residents, anyone can open a Ustocktrade account in Sri Lanka as long as they have a valid bank account with a Sri Lankan bank) to invest in shares listed on exchanges in the US, with a view of contributing to the Sri Lankan Government’s strategy of positioning Colombo as an international financial centre in the region.

Ustocktrade’s purpose is to democratise wealth by providing sophisticated financial trading technology to individuals at an affordable price. With this vision in mind, the company will extend its ultra-low pricing of $ 1 per trade and no minimum deposit to users. In addition to lowering the barriers of entry into US securities trading for individuals, Ustocktrade hopes to support Sri Lanka’s economic development plans to increase its foreign reserves by keeping all Sri Lankan sales proceeds in the Sri Lankan banking system, thereby increasing the US dollar reserves in the country.

Customers of Ustocktrade will have unprecedented market access and transaction possibilities with UStocktrade iOS and Android mobile apps which stream real-time quotes, place buy and sell orders, research stock and view their full stock portfolio within the app. The app also enables users to set both price alerts and automate their trading strategies.

Since its US launch in January 2016, Ustocktrade has grown over 2000%, transacted over $ 1 billion dollars on its platform to date and added users from all 50 states. Weeresinghe’s vision does not end with Ustocktrade though. His ultimate goal is to use the earnings from his latest venture to educate underprivileged children across the world through the Cainan Foundation – whose mission is to build state-of-the-art – and free – boarding schools. The first school, set to open in Sri Lanka, is already at its design stage.

Frequently Asked Questions
Q: What is an Alternative Trading System?

A: An Alternative Trading System (ATS) is a US and Canadian regulatory term for a non-exchange trading venue that matches buyers and sellers to find counterparties for transactions.

Ustocktrade is a US Security Exchange Commission registered Alternative Trading System (ATS), which means it offers peer-to-peer stock trading without requiring another broker to facilitate your trade. This means if you want to sell a stock and someone in the Ustocktrade network wants to buy that stock, Ustocktrade can match the order directly between buyer and seller.

Many firms route or sell orders to a wholesale broker dealer for execution, often charging a higher commission or missing an opportunity for the customer to get a more favourable price. Ustocktrade does not route or sell your orders, and there is no middleman so it can provide faster settlement and low fees.

Q: What is Same-Day Trade Settlement?

A: Settlement Day is the date the buyer must pay for their trade. Once the buyer has paid, the seller will promptly deliver the shares. Traditionally this transfer is done between two different brokers and this process takes three business days to settle (T+3 settlement). This means, in a cash account, you must pay for your trade before you can sell and use the sale proceeds to buy another stock. This can be frustrating if you want to buy and sell multiple stocks in a day because your previous sales proceeds are not available for three days.

Due to the fact that Ustocktrade matches your order internally within its network, it facilitates Same-Day Trade Settlement at no additional cost to you. This means that trades are paid for immediately and your cash from every sell trade is available to be reinvested immediately - not restrained by the three-day settlement period.

Q: How do I know I am getting the best price in the market?

A: We match trades at the national best bid and offer (NBBO), which are the best buy and sell prices published at all US markets at the time of execution. Ustocktrade shows its members the exact price they received compared to the NBBO.

Q: How does Ustocktrade provide liquidity?

A: Ustocktrade matches buy and sell orders between members within the network. In the event there is no member to take the other side of the order, a liquidity provider (a ‘Superuser’) may step in to complete the trade. The Superuser is similar to a market maker, but unlike market makers the Superuser does not create the market or set the price. Instead, it simply acts as the counterparty to complete the trade at the NBBO price.am:




http://www.ft.lk/article/630774/Tony-We ... -investors

User avatar
topcat
Moderator
Moderator
Posts: 2771
Joined: Mon Nov 09, 2015 8:50 pm
Flag: Sri Lanka

Re: ASI - coming week

Postby topcat » Mon Jul 24, 2017 2:52 pm

Very interesting. Thanx chandi
"Keep winners, Sell loosers"

traderchandi
Senior Member
Senior Member
Posts: 323
Joined: Fri Jan 06, 2017 6:38 am
Flag: Sri Lanka

Re: ASI - coming week

Postby traderchandi » Mon Jul 24, 2017 3:09 pm


User avatar
Contra
Equity Analyst
Equity Analyst
Posts: 2650
Joined: Sat Mar 28, 2015 11:54 am
Flag: Poland

Re: ASI - coming week

Postby Contra » Tue Jul 25, 2017 11:26 am

The short term trend of CSE continues to be choppy and directionless. This is also not abnormal. Some stocks jumped to the next level during last couple of weeks and have come back to their previous boxes now. Only value masters and growth masters will have opportunity in market like this. Contrarian plays also will be there. Traders including swing traders will have less opportunity but they will have opportunity in momentum oriented stocks. In market like this, there will be discrepancies when traders try to unwind their positions. Those discrepancies will create some excellent opportunities for those who missed some attractive stocks. Discrepancies between market price and fair value create opportunities for investors to build portfolios using relatively attractively prices assets. Careless short term players create discrepancies and careful market players exploit price/fair value differences.

Are there opportunities for contrarian market players in next winning areas?

Which companies will have more growth in the coming quarters and years?

Are there value companies with great growth potentials and ready for great momentum as well?

Are there great value stocks?
Company, stock market, politics and the economy are four different things.

User avatar
SHARK
Savant
Savant
Posts: 14605
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: ASI - coming week

Postby SHARK » Fri Jul 28, 2017 8:59 pm

Hmm market has hit a wedge......
Price is what you pay. Value is what you get.”

User avatar
SHARK
Savant
Savant
Posts: 14605
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: ASI - coming week

Postby SHARK » Sun Jul 30, 2017 10:16 am

An interesting monthly chart on ASI.

Since the rise from april, we continuously see foreign participation and the net foreign inflow has been in excess of 25 bil this year.

further since april ASI has closed positive without any declines MoM.

the monthly break out that formed earlier from consolidation box 6000-6500 has a clear target towards 7000.

and we see surely consolidation further after break out and looking direction in July.

with Hambantota port deal now sealed yesterday... a new IRA act in place and to be presented shortly.... we should see ASI heading back to its 7000 original target going forward.

aspi.png
You do not have the required permissions to view the files attached to this post.
Price is what you pay. Value is what you get.”

User avatar
voight
Top Contributor
Top Contributor
Posts: 807
Joined: Sat Jul 23, 2016 4:08 pm
Flag: Sri Lanka

Re: ASI - coming week

Postby voight » Sun Jul 30, 2017 11:15 am

New exchange control act should also helps
No tree grows to the sky :-?

roshana7549
Member
Member
Posts: 188
Joined: Sun Nov 15, 2015 9:15 pm
Flag: Sri Lanka

Re: ASI - coming week

Postby roshana7549 » Sun Jul 30, 2017 11:29 am

Thanks Shark.... another plus point is Interest rates also falling......Hoping Government will quickly work on finalizing few FTAs :-bd

User avatar
SHARK
Savant
Savant
Posts: 14605
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: ASI - coming week

Postby SHARK » Sun Jul 30, 2017 12:02 pm

If GOSL can work out favourably by next April about SLA and few loss making SOEs including Mattala.
We can assume the 2019 FD payment will not have major pressure on us.

Also FDIs must come from now on at least in small way.

What CSE is seeing is a very good sign although small in numbers. :)
Price is what you pay. Value is what you get.”

User avatar
matrix
Member
Member
Posts: 106
Joined: Mon Jun 06, 2016 10:03 am
Flag: Sri Lanka

Re: ASI - coming week

Postby matrix » Sun Jul 30, 2017 7:50 pm

Thanks shark for chart and analysis.
Stuck in a generation where LOYALTY is just a tatoo, LOVE is just a quote & lying is the new TRUTH

PAT
Moderator
Moderator
Posts: 6275
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: ASI - coming week

Postby PAT » Sun Jul 30, 2017 9:53 pm

SHARK wrote:An interesting monthly chart on ASI.

Since the rise from april, we continuously see foreign participation and the net foreign inflow has been in excess of 25 bil this year.

further since april ASI has closed positive without any declines MoM.

the monthly break out that formed earlier from consolidation box 6000-6500 has a clear target towards 7000.

and we see surely consolidation further after break out and looking direction in July.

with Hambantota port deal now sealed yesterday... a new IRA act in place and to be presented shortly.... we should see ASI heading back to its 7000 original target going forward.

aspi.png


Thanks Shark....
Live Today........
Without compromising your ability to Live Tomorrow……… :)

User avatar
SHARK
Savant
Savant
Posts: 14605
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: ASI - coming week

Postby SHARK » Sun Jul 30, 2017 10:06 pm

can we see this year closing with significant gains in ASI.
Price is what you pay. Value is what you get.”

User avatar
SHARK
Savant
Savant
Posts: 14605
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: ASI - coming week

Postby SHARK » Mon Jul 31, 2017 2:43 pm

SHARK wrote:can we see this year closing with significant gains in ASI.

A disappointing month X(
Price is what you pay. Value is what you get.”

User avatar
Xmart
Technical Analyst
Technical Analyst
Posts: 179
Joined: Sat Sep 17, 2016 8:37 am
Flag: Sri Lanka

Re: ASI - coming week

Postby Xmart » Wed Aug 02, 2017 12:04 am

Well, at the moment ASI heading south. breaking below of consolidation box is currently testing 23.6% fib + 6600 support. but as you can see our trend is getting stronger hence i would expect ASI to test 38.2%fib + 6500 support in coming week. 6450-6500 would give a strong support to the ASI as per the daily chart. weekly chart has not turned negative yet, so due to overall bullish nature i would call this a much needed retracement fueled by not so good June results.

therefore, sometimes we might see a cool off of heated counter, selective runs and some of cheap stocks getting cheaper.
ASI_D_8_1.PNG


Happy Hunting!
You do not have the required permissions to view the files attached to this post.
Feed The Bull.. Hunt The Bear..

User avatar
topcat
Moderator
Moderator
Posts: 2771
Joined: Mon Nov 09, 2015 8:50 pm
Flag: Sri Lanka

Re: ASI - coming week

Postby topcat » Wed Aug 02, 2017 5:53 am

Thanks X
"Keep winners, Sell loosers"

newer1
Top Contributor
Top Contributor
Posts: 592
Joined: Fri Jul 22, 2016 10:36 pm
Location: Sri lanka
Flag: Sri Lanka

Re: ASI - coming week

Postby newer1 » Wed Aug 02, 2017 6:43 am

Thanks xmart for chart.but at the moment , it is already in oversold territory with continous foreign buying. Só I think it may have good support @ 23.6% fib level rather than going up to 38.2%fib under those circumstances.
BE A FRIEND OF TREND

User avatar
SHARK
Savant
Savant
Posts: 14605
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: ASI - coming week

Postby SHARK » Fri Aug 04, 2017 10:07 am

Now whats the complain....... market is kept artificially RED by the crooks. dont fall prey.
Price is what you pay. Value is what you get.”

PAT
Moderator
Moderator
Posts: 6275
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: ASI - coming week

Postby PAT » Fri Aug 04, 2017 11:54 pm

Thanks X....
Live Today........
Without compromising your ability to Live Tomorrow……… :)


Return to “Communities”

Who is online

Users browsing this forum: prasa2004 and 5 guests