CityTrader - May I know where can I get more info/resources on wave analysis? Interested to learn as well. Thanks :)

matrixcool - Do you know how to apply Elliot wave to chart? Recently I am picking up on that but I think I am not that good at recognizing the pattern.

changlk03-Based on last quarter financial result. You may take a look ->http://www.bursamalaysia.com/market/listed-companies/company-announcements/1476789

changlk03 - I think luster financial is not that good leh..sob sob...

Jal - Okay. Got it now. Thanks for explaining that. :)

Wow SALCON just announced its quarterly financial result...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1550481

Abit confusing. Profit/(loss) before tax for current year to date is -26,472k. Profit/(loss) for the period is 58,598k. Any accountant to explain more on this? Want to learn haha

koik88-I am not worrying much about its financial result. It is performing steadily for the past few quarters.

Jal-nope so far.

nooniez-just like sifu mike said,take your own profit and you are a happy man. :)

SALCON looked good as psd57 said previously. Good sign.
ILB closed above 0.80 after fy13's profit returned to black again. Will it attract investors' interests? Let's see...

koik88 - should be 27 feb, tomorrow. It's not out yet, be patience. Not any news but quarterly financial result.

thheavy today doesn't pick up buyers interest today, expected. Attempted to break lower 0.99 but someone came in and supported the price. Still okay to hold, i think.

Happy you guys earn money. At the sideway waiting for luster and THHE to bear fruit, hopefully haha

psd57 okay. Thought you have it. Not sure i should dispose it tomorrow or not. If solely based on its previous financial quarter report, to be honest, luster is not going to impress anyone for its upcoming financial report, probably. Plus, the thick orderbook...

psd57 do you hold LUSTER?

lollipopz - You are holding at average 0.538? Current price 0.565. If you think you have made enough profit, can try to get out for the time being. Just a suggestion, not a sell call.

smalltimer - there's a software. Not real time, based on daily chart. Chartnexus xperf if I am not mistaken. You can configure your own settings to find out potential stocks.

lollipopz-I am not dare to make any prediction on IRIS. Chart is telling me not to go in for the time being. Indicators are not good. Might retrace to 61.8% which is around 0.48.

Oh one more: BRAHIMS. Testing SMA20 support @ 2.30. Probably having a technical rebound too.

meena-i am not sure i am in the right position to recommend any counter at here or not. But you can take a look at these two counters:

1)CHHB - should be having a technical rebound..wait for 1-2 days. It still can go lower. 1.43/1.44 might have a rebound.

2)ILB - wait and see today's closing price. High volume with breakout above 0.80 have good chance to go up further.

Purely based on my analysis. Trade at your own risk.

Seems like ILB recent financial result turns black again. Impressive turnaround. TA wise, if it breaks 0.8 above, it will be going more.

IRIS show is repeating...

Just be careful with these few days. Small cap stocks likely to be affected. My 2 cent.

TA for THHEAVY based on daily chart:

Current trend - Trading sideways. Again, today first session was bearish, but buyers returned to push the price above 1.00.

Stochastic %K hasn't crossed above %D. RSI and MACD are still healthy.

Based on current trend, tomorrow is likely to remain the same pattern. Direction remains unclear until quarterly financial result releases at the end of this week. For the upcoming quarterly financial result, IMO, revenue and profit will be slightly higher than preceding year. And it should still be a net cash company, fundamentally.

ECOWLD quarterly financial report. Very bad. Can foresee another free fall tomorrow?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1548329

psd57 - Sure no problem. Waiting for chartnexus to release new update on today's data first. But without looking at chart, I would say: it needs a catalyst!

Thanks psd57 for explaining that. The only thing I don't really understand is "Sale of Debt-Subordinated Shareholders advances".

Mind to explain more on this? Thanks :)

That's an old news for thheavy, if I am not mistaken.

Tomorrow pennies sell down again? Probably. Hope for the best :)

hepitrade - don't get too excited for thhe first. Breaking 1.03 first.

DAYA 5000lots x 3 @ 0.435 collected back. Thanks for whoever is doing that. Maybe the same buyer and seller yesterday :)

Calm market....time to shutdown and go for a sleep zzz

PROPOSED DISPOSAL OF 2,000,000 ORDINARY SHARES OF USD1.00 EACH IN THE CAPITAL OF FLOATECH (L) LTD ("FLOATECH"), REPRESENTING 20% EQUITY INTEREST, BY TH HEAVY FOR A TOTAL CASH CONSIDERATION OF USD13.126 MILLION

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1547281

psd57 - hopefully. 2 more days to the announcement of quarterly financial result :)

psd57 - yeap I know that. So you all prefer no. of shares? I am more comfortable by using lots haha

psd57 - my platform showing 1,182,445. Bursa website also showing the same numher, 1,182,445

luster volume is just 1,182,445 for the morning session. More to come. Just be patience.

LUSTER is about to back to the game. As long as IRIS doesn't trigger another selling call.

Most counters turn red when IRIS was free falling. It's a chain effect.

Stay calm for LUSTER. Get out if it breaks below 0.12

Other stocks are affected by IRIS, it seems.

smalltimer - Nope. Not me offloading DAYA. But the operator who pumped up the share price yesterday.

DAYA @ 0.135 offload another 5000 lots x (4 or 5). Done clearing stocks from yesterday ady? Haha.

Seems like DAYA...the one who bought in yesterday....started to offload now.

On-board Luster @ 0.135 too

hepitrade - Not sure lol. Haha. But if you use sifu mike's TP for LUSTER, 0.165, then u draw from 0.1 to 0.165, it's about 61-ish% too. xD

changlk03 - Haha it's highly possible? Why? Because if you believe in golden ratio, or Fibonacci ratio, 61.8% or 0.618 is the possible place to retreat to. Go find some charts and draw it! It might be either at 31,50 or 61.8. Not necessary every time it needs to be 61.8 one...

Thanks sifu mike.

But I saw there's an announcement from luster...about acquisition of a new company? Able to get in @ 0.13/0.135?

ronaldo96 - not really. Still a very young kid in learning stage. Feel free to correct me if I am wrong.

13%-20% **

salcon - attempted to go above 0.715 today but fail. Close at 0.71. RSI 14day approaching 80, previous history 90-92 will start to have bearish reversal. My guess would be: it may run for another 1-2 days if it doesn't go beyond 0.74.

One more thing to add - previous trend showing bottom to top is about 13%-16% increment. Now is about 10%-ish.

My analysis on THH chart - bearish at the first session, but bull returns to push the price up above 1.00 support. RSI 72-ish, still have room for upside. Stochastic %K is about to cross above %D, hinting for buy signal.

Overall, need a catalyst to push THH up!

swingtrader - All the best for your new job. Thanks for the tips and guidance in this forum. :)

swingtrader - 7 years is too short. Going for 70 years for my grandchildren hahaha..