Jacky187,thanks.
I hardly do day trade but MAS is too tempting, with all the FEAR this 2 days , a good opportunity to buy in for a quick trade.

Borneo oil should break out soon if not tomorrow..

林俊松 ,
CMSB—It is very bullish, stage 2 of the cycle. Form a Big Black Candle today after hitting a high of $9.00 last Friday, further consolidation is expected. Immediate supports adjust to $8.08/$7.95 and strong support is at $7.70/$7.48. Exit if $6.58 is violated. It needs to break above $9.00 to test its next target of $10.00.

SCIENTEX—Stage 3 of the cycle (distribution stage and price can be volatile). It is expected to trade from $5.40 to $5.80. If $5.40 fails to hold, it should find strong Gap support at $4.36/$4.30. A break below this level implies stage 4 of the cycle and you should avoid at all cost.


Happy Trading..

mbge7clt-- welcome to this thread

ProfitMan—Ya.I was there to run the Brooks ½ Marathon. One of the toughest so far...lots of slope climbs , the one you saw is only one of them. You should be with us next time…

林俊松, I did the chart reading for ronaldo95 on 05/03/14 for INARI-WA

INARI-WA—stage 2 of the cycle and very Bullish. A break above its previous high of $1.60 will take it into uncharted territory with an estimated target of $1.80.The previous high of $1.60 was formed on 21/02 with an “Engulfing Bear” imply consolidation and it did after that. The Bear is shadowing the upward movement of Inari-WA, failed to clear $1.60 it is most likely to trade inside the rectangle of $1.40 to $1.60 with stronger support at $1.34.-(05/03/14)
Now it has broken out from $1.60 and heading towards $1.80. INARI is like the WA after breaking out from $2.00 it is expected to test next target of $2.20. Immediate support adjusts to $2.00.

KSENG—After hitting a high of $7.97 on 04/11/13 it consolidated and may have found a new bottom at $5.99 on 04/02/14. It broke out from $6.66 yesterday with volume and is expected to test next target of $7.33 with resistance at $7.12. Any weakness should find support at $6.66 (Resistance turns support).Exit if $5.99 is violated.

I will look into your other counters maybe later in the evening.

jacky187
CENSORF---You are right may have found a new bottom at $0.47. Still the counter is trading below its downtrend line which is bearish.It is expected to trade between $0.50 to $0.545 in the near term with strong support at $0.485. Unless it breaks out with volume from $0.545 it is still under stage 1 of the cycle if $0.47 is indeed the new bottom. Exit if $0.47 is violated meaning the stage 4 cycle is not completed yet.

P/S: Do a day trade for MAS today, in $0.21 and just out at $0.24, locking in 14 % profits.

Happy Trading..

林俊松 , will look into INARI for you tomorrow.

stay_foolish --You can monitor Borneo Oil for the breakout of the downtrend line..

Good Night & Happy Trading..

10tgh March 2014—Weekly Summary

1) BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.68, P&L= 0 %), Stop Loss=$0.625.
Risk= -7 %. Tp1=$0.70, TP2=$0.745. TP3=$0.83 (Exp Trading Range $0.63 to $0.71 ).
Note: It is expected to break above $0.70 ( its near term downtrend line and signal BUY) to test my next target of $0.745.Counter has turned bullish all it needs is the volume to push it further upwards. Any weakness should find support at $0.655/$0.63 offer opportunity to collect for future play.

2) ENGTEX--AV Price=$1.965 (Closing=$1.98, P&L=0 %), Stop Loss=$1.82. Risk= -7.4 %. Tp1=$2.10, TP2=$2.20/$2.23. (Exp Trading Range $1.94 to $2.10).
Note: Engtex is expected to scale higher, but needs to stay above $2.00 (psychological level of Round Number). The upward momentum has slowed down so any weakness will find immediate support at $1.94/$1.90 and very strong support at $1.86. Any weakness offer buying opportunity for future play.


3) GADANG-- AV Price=$1.21 (Closing=$1.16, P&L=-4.1%), Stop Loss =$1.12, Risk= -7.0 %.
Tp1=$1.26, TP2=$1.34. (Exp Trading Range $1.13 to $1.26).
Note : Uptrend Channel ( Higher High and Higher Low) trading, it remains bullish for mid term. The downward momentum has slowed down lately so some rebound may be on soon, a break above $1.20 will take it to my TP1 of $1.26 and if breaks with volumes will try next target of $1.34.(Resistance at $1.30-invincible round number resistance).

4) MAYBULK— AV Price=$2.07 (Closing=$2.06, P&L=-0.5%), Stop Loss=$1.96. Risk= -5.3 %. Tp1=$2.20, TP 2=$2.40.TP3=$2.58 (Exp Trading Range $2.03 to $2.20).
NOTE: The Dark Cloud at $2.19 is shadowing the upward movement of Maybulk so unless it is taken out it is expected to trade between $1.96 to $2.20.The Price and RSI show bearish divergence, downward momentum has increased so more downward movement to test its immediate support at $2.02 can be expected. A first sign of weakness if this level is broken it may test its next support at $1.96 ( Resistance turns support).Any rebound may find resistances at $2.12/$2.17.

5) ORNA-- AV Price=$1.085 (Closing=$1.21, P&L=+11.5%), Trailing Stop (1) =$1.15. Risk= 0 %. Tp1=$1.20, TP2=$1.29. (Exp Trading Range $1.16 to $1.27 ).
Note: Orna almost hit my TP2 of $1.29, I sold 25% of shares at $1.26 to lock in about 16% of profits. The upward momentum, a break above $1.27 will try my next Target of $1.29. Orna has a Pole”s Target of $1.43 ( Its previous high).Any consolidation may find support at $1.16/$1.10,offer opportunity to buy for future play. I have set my Trailing Stop at $1.15 to protect my profits and capital.

6) REDTONE--AV Price=$0.655 (Closing=$0.66, P&L=0 %), Stop Loss=$0.605. Risk= -7.6%. Tp1=$0.695, TP2=$0.735/$0.765. (Exp Trading Range $0.64 to $0.695).
Note: radiation may have found a new bottom at $0.605 and immediate support at $0.64. It is still on downward movement, but the downward momentum has slowed down, some rebound could be expected soon. It has a fallen window formed on 26/02 at $0.695 and it is expected to close that gap (Gap Resistance) if support of $0.64 holds.

I am not monitoring any counter maybe PADINI if it consolidates.A tire day after run and needs to rest early.

Good night and Happy Trading…


P/s Novice8
MBSB—Stage 1 of the cycle( accumulation stage), it may have found a new bottom at $2.10 and now trading between $2.10 to $2.26. A break above $2.26 with volume may take it to the next target of $2.42. If you are thinking of bottom fishing remember to set an Exit if $2.10 is violated.
On your question of the period the longer the period the better, then you can see the patterns repeats itself.

BROOKS run today is a tough course, many slopes climb on the freeway. With the haze index reading of about 100 did not help us. Still, many of us crossed the finishing line..My thought was with the MH370 while running..

Rooney2u,
TADMAX—After hitting a high of $0.65 on 21/02 it did a pullback till $0.48 on 04/03. The big Pull Back may have shaken lots of traders out. It is most likely to start stage 3 of the cycle ( Distribution Stage) trading between $0.48 to $0.565 at short term. The downward momentum has slowed down so some technical rebound could be expected soon.A break above $0.565 may find strong resistance at 40.605. If $0.48 is violated the next support is at $0.45 ( Exit if $0.45 is violated).

brendonyeap
OLDTOWN— Very Bearish and if you are thinking of bottom fishing please set the exit level is $1.82 is violated because the next meaningful support is at $1.60.After finding support at $1.82 lately, it started its technical rebound. The upward momentum has slowed down so unless it could break above $1.92 it may re test support of $1.82. It is expected to trade between $1.82 ( very important support) to $2.02. Very strong resistance is at $2.10 ( Downtrend line). Unless it could above the downtrend line do trade with cautious.

NAIM— Bearsih after breaking down from a “Double Botoms formation” when it broke below its neck line support of $3.55 on 30/01/14. Since then it has been struggling to close above this neck line level of $3.55. It found a temporary bottom at $3.37 and started to rebound, but the upward momentum has slowed down so unless if could break above 43.55 it is most likely to re test support of $3.37. If $3.37 failed to hold should find strong support at $3.17 ( Also target price of the “Double Bottoms Formation). Exit if $3.17 is violated.

1Bull—
GHYSYS—Ya, I used to trade this counter and it has on many occasions fell short of my expectation.Rectangle trading of $0.665 to $0.835, it had in the past failed to close above $0.835 to test its previous high of $0.915 and beyond. The landscape has improved lately and it is expected to try to break above $0.835. A break above with volume it is expected to re test $0.915 and carry an estimated target of $1.00. Failure to do so will repeat its previous pattern with immediate support at $0.72 and strong support at $0.655. Exit if $0.65 is violated (Signal stage 4 of the cycle and to be avoided at all cost)


novice8
I had read the chart for you on 2nd March. Nothing change since then..
CALEY—Stage 3 of the cycle unless $0.565 can be taken out with volume ( Distribution stage and price can be volatile). May have found a top at $0.565 on 20/02/14. It is likely to trade between $0.46 to $0.53. Formed a bullish Hammer on 27/02 after hitting the low of $0.465, some rebound can be expected if $0.46 is not violated. Exit if $0.41 is violated that mean it started stage 4 of the cycle, which is to be avoided at all cost.-- (02/03/14)

I had also read the chart of Willow for yoda88 on 18/02/14.
WILLOW—I used to trade this counter too, but took my losses last month. It is at stage 3 of the cycle, which we refer as Distribution stage (price can be volatile Range from $0.65 to $0.80) The Uptrend line is intact so any weakness towards its support line is a good Buy for future play.Immediate resistance adjusts to $0.765/$0.795( previous high) and any weakness may find support at $0.71/$0.70. A break below $0.70 spells trouble and it is most likely to re test support of $0.67/$0.65. exit if $0.62 is violated.-- ( 18/02/14)

Novice8, thanks for helping brendonyeap out there, Brendon, I am just a position trader, I never hold any counter for investment. Maybe those on FA can advise you better than me. Whatever you see on my thread are the counters I am trading now.

Happy Trading..

Hi, really sad to hear about Mas flight MH 370, what a tragedy. Just imagine I just took 2 flights to come home yesterday, My thoughts are with those deceased families.

Vivi Yap, cbyeoh, yoda88—since you are all from KL, ya it will be nice to meet up one of these days.

jacky187—I am still holding Maybulk and it will be on my weekly summary tomorrow.

stay_foolish—many thanks for helping vivi yap out, appreciated it. Vivi, if you need more information may be on support or resistances of those stocks, please let us know OK?

winwinborn—You are always welcome.

rooney2u—welcome to this thread, will look at the charts for you after my Marathon tomorrow. BTW, are you a Man Utd Fan too?

brendonyeap—Will look at the charts for Oldtown and Naim tomorrow too.
1Bull—Welcome to this thread, I sold my GHLSys earlier and it was off my radar, but I will look into the chart for you tomorrow.

bullrun88—I did Iris for samradha on 27/02/14

# IRIS—Very Bullish (Stage 2 of the cycle) after breaking out from $0.47 with volume on 12/02/14 which carry an estimate target of $0.65. It hit the high of $0.63 on 25/02/14 but formed a “Engulfing Bear” that imply some pullback is expected . The “Engulfing Bear “ is shadowing the upward movement of IRIS so any pullback can find Immediate support at $0.51 and strong support at $0.47( Resistance turns Support).Exit if $0.37 is violated.— (27/02/14)#
After the reading it did consolidates to the support of $0.515. Now it may re test its previous high of $0.63 and if break to take out the “Engulfing Bear” should try my estimated target of $0.65 and beyond.

Do pray for those on MH 370 and hopefully some survivors, if the worst happened… RIP..

Tomorrow my run is dedicated to MH 370 passengers & their families...

7th March 2014

REDTONE--AV Price=$0.655 (Closing=$0.66, P&L=0 %), Stop Loss=$0.605. Risk= -7.6%. Tp1=$0.695, TP2=$0.735/$0.765. (Exp Trading Range $0.64 to $0.695).
Note: I collected Redtone at an Av cost of $0.655, it had found a new bottom at $0.605 and immediate support at $0.64.It is still on downward movement but the downward momentum has slowed down, some rebound could be expected soon.

BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.685, P&L=2%), Stop Loss=$0.625.
Risk= -7 %. Tp1=$0.70, TP2=$0.745. (Exp Trading Range $0.65 to $0.71 ).
Note: Borneo oil may break above $0.70 ( Signal Buy- I may scale in more shares) soon to my TP2 of $0.745. If break may try next target of $0.83.

ORNA almost hit my TP2 of $1.29, still I sold 25% of ORNA at $1.26 to lock in 16% profits, very happy with the returns. If break $1.29 will try next resistance at $1.36.

I also sold all my FITTERS at $0.86 to lock in about 4% profits.

Need to do some packing for my tomorrow flight home..

Happy Trading and Good Night..

P/S:

stay_foolish--thank you very much..Really appreciate it.

brendonyeap--Congratulation !!

stay_foolish --You are right about the inverted hammer the upper shadow is normally twice the length of the real body. Thanks for clarification.You are very good at Candlestick, hope to learn more from you in future. Can you help me out to read Huayang and Sunway for vivi Yap??

Vivi Yap, i need to do some packing tonight for my tomorrow morning flight home hopefully stay_foolish can help you out here.

If he cant then i promised to look at the charts for you over the weekend.

Happy trading..

Winwinborn,

WSeong—Stage 3 of the cycle ( Distribution stage) and price can be volatile. If you want to trade this counter do observe the support of $1.82 if break below may start stage 4 of the cycle and to be avoided at all cost. Rectangle trading of $1.82 to $2.03 , a break above $2.03 signal breakout to carry on stage 2 of the cycle with an estimated target of $2.20/$2.25. Exit if $1.78 is violated.

novice8, thanks for helping sunlight out.

Happy Trading..

winwinborn—will look at WSeong for you tonight.

stay_foolish—Welcome to this thread and thanks for sharing TA reading of Redtone, you are not wrong on your interpretation of the chart. We can learn from each other.

I read chart hardly use any indicator except sometime RSI to find the Bullish and Bearish Divergence. I am more on Volume ( to me this is the most important because it does not depend on price) and chart pattern.

I start to collect Redtone today mainly I like its chart pattern, first it may have found the new bottom at $0.605 ( most important reference point for any trader to know where is our Exit point if we are wrong), after hitting high of $0.86 on 26/07/2013 it has been moving downward until 17/02/2014 when it finally break out from its down trend line. After the breakout it hits high of $0.735 & started to consolidates to the support of $0.64 ( also the Downtrend Line support), if it break below maybe I will give it a pass. But it tested this level and managed to stay above. Also it consolidates with reduced volume which is healthy.

$0.67 is not a strong resistance but the Gap resistance of $0.695 ( The Fallen Window formed on 27/02/14 is a concern) is, Redtone is expected to try to close the Gap sooner or later.

No one knows when it is the best time to go in, wait for MACD to cross? RSI to stay above 50?

You could be right to wait for all indicators to turn positive but the most important for me is my plan:

I do know where is my Exit point, the risk I am willing to take if I am wrong (Ya, I was wrong many times too).

Is that Harami Candle on 3/3 to 4/3 ?—It is not but do look like it. It is an inverted hammer to confirm the support of $0.64.

But you are right it is still under consolidation and it may go either way. First weakness is if it breaks below $0.64 it may re test support of $0.605.

I use the word start to collect means I am not buying in aggressively yet, I may even clear it if it break below $0.64.

Hope we can have more discussions on any stock in the future.

hepitrade---Thanks for sharing the Edge Link.

Happy Trading

sunlight, i collected some at about $0.655 today..

Do have a plan if you want to buy in too..

Happy Trading..

Sunlight,
Thanks for helping spec9888 out..

For TA as I said try not to read too much into indicators like SMA, EMA, MACD, RSI & stochastic, every stock behave differently some do well with particular indicator but some might not. If you decide to use indicators try to find which is the most suitable indicator for that particular stock.
Try to understand the candlesticks, patterns, volume and what stage is the stock on first.

REDTONE is under consolidation with reduced volume which is healthy. I will enter when I find the Risk/Reward ratio is attractive. The downward momentum has slowed down so a rebound could be soon, my only concern is the Fallen Window formed on 26/02 at $0.695. ( act as an immediate resistance now).

greenday

TITIJAYA- Breakout from the Double Bottoms on 18/02 with volume signal stage 2 of the cycle, very Bullish. Today breakout from $1.74 with its immediate target is at $1.86, if break may try its previous high of $1.92.Immediate support adjusts to $1.76/$1.70. Exit if $1.64 is violated.
Note: just a word cautious the volumes and price had formed a Bearish Divergence, it may still move up with reduce volume but if there is a Pull Back it could be a big drop in prices.

Happy Trading

sunlight

HOHUP---Very Bullish trading inside the uptrend Channel, that is higher high and higher low. Immediate support is at $1.40 with very strong support at $1.32 uptrend support line. The next resistance is estimated at $ 1.57/$1.60. As long as it does not break down from the channel stock will keep setting new high. You may want to set a Trailing Stop to protect your profits. Be worry if it break $1.32 the Uptrend Line, Exit if $1.30 is violated.

I am monitoring REDTONE, highlighted to me by Workworkwork(22/02) which I did the analysis. It has found the new bottom at $0.605. Immediate support is at $0.64 , may start to collect if $0.64 holds.

Happy Trading..

yoda88,

MENANG---Breakout from $0.69 on 17/02/14 signal Stage 2 of the cycle is still on. Almost 4 months of consolidation inside Rectangle Trading of $0.61 to $0.69, so the upward movement is huge after the consolidation breakout. Keep setting new high it is important you set a Trailing Stop to lock in your profits. The next target is at $1.00 ( Round Figure resistance) if break may try $1.10.Any weakness should find immediate support at $0.885/$0.845. Exit with your Trailing Stop.

Happy Trading

sherman98, welcome to this thread.
TA means Technical Analysis, if you are trading your broker house should provide you with the Live Charts..

Happy Trading..

cbyeoh, yoda88,—Thanks for the kind words , I am just not too sure how many of forum investors are from KL, I think maybe many are from outstation too. I will be flying back tomorrow for my Brook ½ Marathon on 9th March if they do not cancel if because of the Haze. I had also booked to JEJU Island on 25th March but not sure the tour is on or not as APPLE haven’t found enough people to make the tour yet.

ProfitMan—Goof entry price for Engtex, ya it needs to stay above $2.00. If so I am sure it will hit my target soon. Ya, I like mountains and natures beside wine and good foods. In China there are many beautiful mountains I had been to most of them, love them. This coming April I will be going to China 庐山, 张家界 and 九寨沟, will be away for a while.

sunlight—Before you use any software you should learn the TA first. I am not familiar with other software, any forum investors can help out sunlight here?

sekupang, Gokula Krishnan—Charts for:

Nexgram—It breakout from $0.115 on 17/02 ( Signal BUY) with volume and hit the high of $0.165. It consolidated after that and finds the support at the Gap support of $0.115/$0.11. As long as this level hold, it is expected to move higher after the consolidation. Immediate resistance is at $0.135 if break will try next strong resistance at $0.165. Final Target estimated to be $0.18. Exit if $0.11 is violated.

AAX –Very Bearish and new bottom of $0.805 is yet to be tested. If you are thinking of bottom fishing remember to set the Exit if $0.80 is violated. Until a pattern is formed traders like us would avoid counter like this. Any rebound should find resistance at $0.85/$0.865. If you are monitoring this stock then you can look at it after it breakout from $0.865 signaling more upward movement.

Happy Trading..

sekupang, Gokula Krishnan—Welcome to this thread. I will look at nexgram & AAX later for you

greenday& novice 8, Candlesticks pattern is very powerful tool for price reversal, but it does not tell you the magnitude and duration of such reversal. Nothing is 100% and any software ( I am using metastock) is helpful but most of them are using some form of indicators to issue the buy and sell signal either MACD, RSI ,Moving Average etc..I would advise try not to read too much in them because it can be confusing.

Ulutrader—Thanks…Ya, hopefully this thread will let us share good counters and make $$$ together..

HEVEA is under my watch list, It broke below $1.20 lately but recover, it is still under consolidation and $1.18 been tested and hold so far. Ya I will reenter when opportunity arises but at the moment more sideways movement.

Happy trading..

“ I know from experience that nobody can give me a Tip or a series of tips that will make more money for me than my own Judgment”—Jesse Livermore


ENGTEX--AV Price=$1.965 (Closing=$1.97, P&L=0 %), Stop Loss=$1.82. Risk= -7.4 %. Tp1=$2.10, TP2=$2.20/$2.23. (Exp Trading Range $1.94 to $2.10).
Note: I re enters Engtex today after it breaks $1.94 with an Av cost of $1.965. Engtex is expected to scale higher, but needs to stay above $2.00 (psychological level of Round Number). Any weakness will find immediate support at $1.94/$1.90 and very strong support at $1.86. Any weakness offer buying opportunity for future play.

ORNA-- AV Price=$1.085 (Closing=$1.21, P&L=+11.5%), Stop Loss (2)=$1.04. Risk= -4.2 %. Tp1=$1.20, TP2=$1.29. (Exp Trading Range $1.16 to $1.29 ).
Note:As suggested 2 days ago a rebound is expected and it did break out from the Pole and Flag formation and hit my TP1 of $1.20 today. The upward momentum has increase meaning more upward movement is expected, a break above $1.22 and try my next Target of $1.29 and a break above will take it to the Pole”s Target of $1.43 ( Its previous high).Any consolidation may find support at $1.16/$1.10,offer opportunity to buy for future play. I have raised my Stop Loss from $1.00 to $1.04 to reduce my risk and increase my Risk/Reward ratio. Very happy with the performance of ORNA so far.

Happy Trading..

sekupang,welcome to this thread..i will look at nexgram for you tomorrow

Greenday—we will learn together, but I am thinking of arranging a wine and food dinner to get together this year..Everything on me just be there to know each others..
novice 8, I have many books and you can find goos TA books in the book store.. But I like the most is the Candlesticks..I think ( my opinion only) it is the most powerful signal when things turn or favor us..If you can try to learn candlestick first.. But then lots of other TA might not agree with me.

ronaldo96, you are most welcome as I always say, there is no sifu in this thread. Over here we are sincere to help each other..

sunlight—I am very happy to hear you are keen on TA.. I am sure we can compare notes one day. The best way is try to interpret a chart after you learn TA and we can discuss about our opinions on that chart. In this way both of us learn together..

yoda88, from all the previous conversation I know you are a good trader too.. You did the right thing to re enter Scomies, I missed it, but may enter during consolidation. I will look at Menang for you tomorrow.. I just came back from my dinner and need to look at Engtex and Orna..

Happy Trading..

greenday, sunlight, sorry to hear about your losses in Daya. Be cautious when everyone is Uh Huh and talking about that stock. At least both of you are doing the right thing by admitting your mistakes,how many that loss at this stock keep quiet and praying it will be back to its glory day.

Sunlight, you are doing the right thing to learn the TA and hopefully we can share notes soon, I am willing to share whatever I understand if you ever needs helps on TA. Try to be simple and avoid reading too many indicators, it will confuse you.

Hepitrade, greenday I am having a group dinner as tomorrow is last day of my tour so not sure what time will be back so maybe I will look at your charts tomorrow. If I can make it I will do my best.
For GUH as it is on my watch list I think nothing has changed since I answer Ulutrader few days back..

GUH-- After the reading GUH hit my target of $1.25 on 19th Feb which I cleared 60% to lock in my profits.The next day it hit my $1.27 (to high of $1.29) which I sold the remaining 40% to lock in all the profits.
Since I sold all my GUH it has consolidated and pull back to a new low of $1.11. The uptrend is still intact so GUH should move higher after the consolidation.Any rebound should find resistance at $1.20/$1.25. If you are a position trader and willing to stop loss if $1.10 is violated, then this is a low risk counter. The reason being the next important and meaningful support is at $0.99.

I am also interested in GUH but lately I am collecting ORNA and MAYBULK..

Hppy Trading..

hepitrade, oh i c..

Wow a long time to hold a losing stock..You should cut losses long time ago. Hope next time you enter any trade with a plan and executes it when trades turned against us. Be discipline and this is the only way we can make money in stock market.

Lots of traders refused to take early losses because of their ego, they can"t accept they make mistakes. It is OK to make mistakes but refuse to accept it cost these traders big time.

Ya, i learn my TA myself, but i lose $$$ too basing on TA because lack of disciplines.

Happy Trading..

hepitrade---No No.. i am also learning from everyone. I only use TA for entry and Exit, TA can"t make money because there are plenty of traps in chart reading. I was caught many times myself in Bull or Bear Trap.
Today i missed SCOMIES but life goes on..novice8 highlighted to me on 16/02 and it broke out from Pole and Flag pattern at 41.04 today..

hepitrade, Padini hasn"t reached $1.90 yet so how you buy at $1.99?

Happy Trading..

hepitrade

PADINI---Worse is over for PADINI after hitting a low of $1.58 to end stage 4 of the cycle. It breakout from $1.71 on 28/2/14 to start stage 2 of the cycle. It is very Bullish and immediate target is at $1.90, it is trying to get there. If break should find strong resistance at $2.00/$2.05( Medium term down trend line). Any consolidation should find support at $1.81/$1.80 ( Gap Support) and very strong support is at $1.73. Any pull back ay offer buying opportunity for future play.
Thanks for highlighting, definitely put it under my watch list..

sunlight, thanks..ORNA expects to move higher if stay above $1.20..

Happy Trading

sunlight, nothing much change as i posted earlier..

#KNM---After hitting a high of $0.85 KNM had a big Pull Back to low of $0.64. This pull back may have shaken out lots of traders and most likely to start stage 3 of the cycle (Distribution stage) unless $0.85 can be taken out. The new low of $0.64 is most likely to be tested again, if fail to hold expect the next support is at $0.60. Any rebound should find immediate resistance at $0.74,and it is expected to trade in the range of $0.64 to $0.74 if $0.64 holds. Exit if $0.60 is violated.—( 28/02/14)
Nothing much change except the new low of $0.615, maybe re tested again if can"t break above $0.74 as suggested.

Just in case you are confused , chart can only use as a guide, it is NOT 100%. Please set a Trading Plan when you enter any trade, it will benefit you in a long Run..

ORNA hit my first TP of $1.20..



Happy Trading..

sunlight..it is ok ! Move on !!

BullRam--Life is to enjoyed especially a Trader Life..Best on earth !!

ORNA break out from the Pole $ Flag pattern..

Happy Trading..

ronaldo96, spec9888 investor_cwc,—Welcome to this Thread..

Sunlight, Ya, $0.36 is an Exit point if violated with volume( That mean when it break $0.36 to $0.35 with large volume) , it closed at $0.355 ( which is 1 tick down). Normally after it break down it will try to climb back above $0.36. Chart wise is very bearish and you have been warned.
I would like to share with you how I would trade this counter after it breached $0.36:
1) Now it is doing technical rebound towards the big fallen gap formed on 28/02 at $0.385/$0.405. For my way of trading I would sell on any rebound upwards to reduce my losses.
2) Some would wait for another confirmation whether it will breaks below $0.36 level again.
I can”t teach you whether to sell or hold you need to make that Most Important Decision yourself.

Novive8, thanks for highlighting EngTex, I went in when it broke above $1.94 and my average cost is about $1.965 (bought in at $1.95, $1.96 and $1.97). I am still holding GADANG and as on my weekly posting, it is trading between my ranges. TAS I had sold at $1.17 to take some losses. As mentioned, it is still inside the Rectangle Trading of $1.13 to $1.29.

Ballroom—I am in the mountain area near Loas and Thailand.. Beautiful weather in the morning..

ronaldo96, spec9888 investor_cwc—Here are the charts reading for :

Sona-- It broke above its resistance price of 0.50 with volume on 11/2. The selling pressure from the harami formed on 12/2, potentially a bullish reversal trend, were well absorbed evidenced by the doji on 13/2 when it set a new high of 0.56 that was unsustainable and closed at 0.53. It has been bullish since and momentum has increased.
Its immediate support is 0.52 and if broken, further support can be found at 0.49. If 0.49 is breached, the price is expected to trend down to 0.45. So, my stop loss is at 0.48. On the Elliot, it is commencing on wave 3 (wave 2 by yr definition). My TP is 0.62. Catalyst: potential oil rig deal. CAUTION: this is an SPAC counter. –by profitMan 17/02/14
profitMan did the chart reading on 17/02 for SONA and it did hit its target of $0.62 on 24/02/14. Well Done profitMan.After hitting $0.62 it did a Big Pull Back til $0.475 which shows undertone weakness.Yesterday it rebounded from the low with a Big white Candle and volume, imply it may find its new base at $0.475. More rebound could be expected to $0.55 and strong resistance at $0.585. If you are bottom fishing Exit if $0.47 is violated.

INARI-WA—stage 2 of the cycle and very Bullish. A break above its previous high of $1.60 will take it into uncharted territory with an estimated target of $1.80.The previous high of $1.60 was formed on 21/02 with an “Engulfing Bear” imply consolidation and it did after that. The Bear is shadowing the upward movement of Inari-WA, failed to clear $1.60 it is most likely to trade inside the rectangle of $1.40 to $1.60 with stronger support at $1.34.

PRTASCO—Very Bullish stage 2 of the cycle, the uptrend is very much intact. After breaking out of $1.54 on 21/02 (Carry an estimated target of $1.70) with volume it hit a new high of $1.61 on 24/02 and consolidated to lows of $1.48 on 03/03/14. Yesterday it rebounded with a Big White Candle from this low which is Bullish. A break above $1.61 with volume will take it to uncharted territory with its immediate Target of $1.70 & beyond.

IOIPROP---Found the new bottom at $4.09 on 06/02 and breakout from $4.40 on 17/02 with volume signal stage 2 of Bullish Cycle. It is trying to close the Gap that was formed on 18/12/13 at $4.77. A break above this level will take it to the strong resistance at $5.00 and to its previous high of $5.07 .Immediate support adjusts to $4.56/$4.53.

Happy Trading

Hi everyone..i was travelling at night..just got in

the Hotel...v try my best to answer to u all
Tomorrow maybe after lunch..

Good night...

sunlight, just did some sightseeing and just got back..

K1—Stage 3 of the cycle (Distribution stage) and the price can be volatile. Rectangle trading between $0.30 to $0.37. Unless it could breakout from $0.37 with volumes then it will re test its previous high of $0.41 and possible target of $0.45. A break below $0.30 will find next support at $0.28. Exit if $0.28 is violated as it signals maybe start of stage 4 of the cycle.

Happy Trading

Sunlight—Ha, enjoy my holiday but still keep an eye on the market…

ProfitMan—Well Done ! It is important to know how to trade and when to exit..

winwinborn—Thanks. I read it somewhere and I think it is applicable to the stock market, they are many that know TA but not discipline enough to carry out the plan. In the long run they will lose..

madamlee-Ya, I did the analysis of Iris and KNM before, hope what was written earlier is still applicable.

Happy Trading…

# Knowledge without discipline is dangerous,discipline without knowledge has little value.#

Today I sold my :

a)TAS when $1.18 is violated at $1.17 taking a 4.8 % losses.

b)ENGTEX at $1.89 when it was obvious it can't break above $1.94 locking in 5.6% profits.

c) I collected more ORNA at $1.06 now my Av cost is $1.085.

ORNA-- AV Price=$1.085 (Closing=$1.07, P&L=-1%), Stop Loss=$1.00. Risk= -7.8 %. Tp1=$1.20, TP2=$1.29. (Exp Trading Range $1.04 to $1.16 ).
Note: It is still trapped inside the Flag formation, any weakness may find support at $1.04 and very strong support at $1.00.The downward momentum has slowed down so rebound is expected in the near term. A break above the $1.16 signal breakout from the Flag and will be scaling towards the immediate target of $1.20 and beyond.

NOTE: FITTERS shows more weakness may clear to protect my capitals.

Since I am holding only 5 stocks now, I am monitoring PERDANA (to break out from Flag?)

Happy Trading….

P/s: TalkKing, welcome to this thread.

Yoda88,you are right every Crisis offer opportunity. Today I actually bought in more ORNA.

novice8, That is exactly what i meant too..
Thanks for sharing...

ulutrader, it is OK to lie low when trades are against us..That is why never be GREEDY and keep your portfolio in a manageable condition..

BullRam, you are right..KLSE will be under pressure but if you trading with a plan then it is not that bad..Remember when everyone is scare ( Fear) it might offer some buying opportunities..

Happy Trading...

changlk03 , i did the chart of LUSTER for sunlight on 26/02/14,

LUSTER—Luster ended its stage 4 of the cycle when it found a new bottom at $0.085 on 28/08/13. Stage 1 of the new cycle traded from $0.085 to $0.115( Rectangle Trading) only ended few days ago when it broke above $0.115 with volume carry an immediate target of $0.145.It is at stage 2 of the new cycle and very bullish unless $0.115 is violated. The next target is at $0.175/$0.19 if break above $0.145.Exit if $0.085 is violated.—( 26/02/14)

Happy Trading..

Today is quite an eventful day for me, early morning started my sight seeing and my friend( He buys the same stocks as me) keeps trying to call me from Malaysia. The worse is certain hilly area there is no signal so he was so frustrated. Poor soul..
Luckily he got me in the morning when Borneo Oil hits my Stop Loss level, because it was hit by such a small volume, I told him that is only noises from the weak holders or some panic reaction due to a big drop in the morning. Still, many stocks touched the Stop Loss level we need to take action and he was panicking!!
I told him as a trader if he trades with fear, then it is better to stay away from the market. When the market is down, this is the time to tell the difference of a good and a bad trader. When the market is UP everyone is uh-huh and like the saying” Who need analysts when the price is moving up?”

changlk03—
Normally mother share and WA do move up and down together…

Yoda88, thanks for your recommendation of dividend stock to brendonyeap , any one has good dividend stocks to recommend to brendon?
For me, I am just a Position Trader and I am always in and out of a stock and I only use TA for my entry and exit, so I really can”t help you with any dividend stock.

Happy Trading..

3rd March Weekly SUMMARY

#After a very profitable February and I am still enjoying my holidays, extend few more days as the relaxation doing lots of goods. Also take some times to train for my coming BROOKS ½ Marathon. What is March 2014 installed for traders I wonder? #

1) BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.63, P&L=-6.25%), Stop Loss=$0.625.
Risk= -7 %. Tp1=$0.70, TP2=$0.745. (Exp Trading Range $0.615 to $0.660 ).
Note: It is trading at the level very close to my Stop Loss level,at the strong support of $0.63. Unless it could close above $0.65 I may have to take the first loss in March on Borneo Oil if $0.625 is violated. It is still on downward movement, but the momentum has slowed down imply maybe some technical rebound is expected soon. Any rebound may find immediate resistance at $0.65/$0.66.Very strong resistance at $0.70.

2) ENGTEX--AV Price=$1.79 (Closing=$1.91, P&L=+6.7%), Trailing Stop=$1.85. Risk= 0 %. Tp1=$1.79/$1.82, TP2=$1.94/,TP3=$2.00 (Exp Trading Range $1.86 to 1.96).
Note: Engtex hits my TP2 of $1.94 so now I change my Stop Loss of $1.65 to Trailing Stop f $1.85 to protect my capital and some profits. If break above $1.96 should try TP3 of $2.00 ( Round number invisible Resistance) & next target is at $2.16.* Please note that a Trailing Stop means I will clear once this level is hit (no matter what) and not like Stop Loss level, which I will observe the to confirm it is actually violated.* I may also just cleared it to lock in my profits if it fails to clear $1.94/$1.96 soon.

3) FITTERS-- AV Price=$0.825 after Scale In (Closing=$0.865, P&L=+4.78%), Stop Loss (2)=$0.825.
Risk= 0 %. Tp1=$0.875, TP2=$0.92/$0.95. (Exp Trading Range $0.84 to $0.92).
Note : After hitting my TP1 of $0.875 it fails to reach my TP 2 of $0.92/$0.95. It starts to consolidate after hitting a high of $0.905 and found the immediate support of $0.855, whether this support hold yet to be proven.Its next meaningful support is at $0.83 (Gap Support) if $0.855 fails to hold.Uptrend is still intact but the upward momentum has slowed down.Further upward movement will find resistance at $0.90/$0.905.I have set my new Stop Loss level at $0.83 to protect my capitals.

4) GADANG-- AV Price=$1.21 (Closing=$1.18, P&L=-2.5%), Stop Loss =$1.12, Risk= -7.0 %.
Tp1=$1.26, TP2=$1.34. (Exp Trading Range $1.15 to $1.22).
Note : Gadang broke out of the Ascending Triangle at $1.20 on 24/2 with volume signal BUY, I bought in at an average price of $1.21. It went to the high of $1.25 before crashing down below $1.20 to question the validity of the breakout? Am I caught in the Bull Trap? Formed a separating line on 28/02 imply maybe more downward movement. Gadang needs to close above $1.20 to confirm its breakout of the Ascending Triangle.

5) MAYBULK— AV Price=$2.07 (Closing=$2.05, P&L=-1%), Stop Loss=$1.96. Risk= -5.3 %. Tp1=$2.20, TP 2=$2.40.TP#=$2.58 (Exp Trading Range $2.03 to $2.20).
NOTE: Uptrend is intact, but the Dark Cloud at $2.19 is shadowing the upward movement of Maybulk so unless it is taken out it is expected to trade between $1.96 to $2.20.The Price and RSI show bearish divergence so more downward movement to test its immediate support at $2.03 is expected. A first sign of weakness if this level is broken it may test its next support at $1.96 ( Resistance turns support).Any rebound may find resistances a $2.13/$2.17.

6) TAS-- Av Price=$1.23( Closing=$1.21, P&L= -1.6 %), Stop Loss( 2)=$1.18. Risk= -3.5%. Tp1=$1.20. TP 2=1.27/$1.32. (Exp. Trading Range $1.18 to $1.27).
NOTE: TAS hits my target of $1.27 but could not clear above $1.32. It is forming a Rectangle Trading of $1.13 to $1.29 which make my entry price of $1.23 not attractive. I will clear TAS on any rebound or hit my new Stop Loss level of $1.18.

I am starting to collect some Orna, it may have found a new bottom at $1.04 which makes it to my Max of 7 stocks, I am also monitoring SCOMIES suggested by Yoda88 if I can clear some of my stocks.. Also, I extended my holiday so may not be able to answer some of your requests. I took today off not doing any sight seeing to look at the charts for the forum investors here..

Happy Trading…

connie, thanks for SILK. Chart wise maybe be heading south further after breaking $0.63 last Friday.

yoda88, you are welcome and thanks for highlighting SCOMIES, I am putting it into my watch list but until i cleared some of my other stocks first..

Happy Trading..

connie, do share when you come across any counters that move to wave 3 or wave 5, normally this 2 waves is the stage 2 of my simple 4 waves cycle.

sephiroth, congratulation on your GUH too. MUHIBAH, HEVEA, BREM and GUH were my shinning stars last month..
Your reentry price of $1.12 is quite good if $1.11 stays..Ya, thanks again for sharing the link..

Have a nice weekend..

Connie, the sea waves same as Elliot Wave kah? The candlestick is important to me as I am just a position trader once it warns me, I am forever ready to take action. The only shortfall on the candlestick is it does not tell you the magnitudes and duration of such a reversal.
I always admire those that can read Elliot Waves as I tried and get really confused when the sub waves or sub sub waves come in..Keep me contradicting myself when I was using Elliot Waves..Now I just use the simple 4 waves.

Jal 贾彬得 –Welcome to this thread and like everyone else, we also make mistakes on and off, important is not to repeat it.

hepitrade—Thanks for the kind words.

winwinborn—Borneo Oil will be updated later on weekly Summary. SCOMIES need to clear its previous high first to hit the next target of $1.20.

Ulutrader, Novice8, dotconsurvivo, here are the charts reading for:

MKH—Stage 2 of the cycle, very bullish. Hit high of $4.19 on 21/02 with a ‘Spinning Top” imply temporary top which it starts its consolidation. It hit a low of $3.76 and rebound to close a Doji ,Is this the price reversal? Will need next candle to confirm its next course of action. A break above $3.94 will take MKH back to its previous high and into uncharted territory. It is still on the downward movement, Price and RSI starts to show bearish divergence so it may re test its immediate support of $ 3.76.A break below $3.76 spell more troubles to next support of $3.50/$3.48.

CALEY—Stage 3 of the cycle unless $0.565 can be taken out with volume ( Distribution stage and price can be volatile). May have found a top at $0.565 on 20/02/14. It is likely to trade between $0.46 to $0.53. Formed a bullish Hammer on 27/02 after hitting the low of $0.465, some rebound can be expected if $0.46 is not violated. Exit if $0.41 is violated that mean it start stage 4 of the cycle which is to be avoided at all cost.

GUH—One of my Top performers last month when I ride on GUH until it hits my target of $1.25/$1.27 after the breakout giving an average of 17% profits.
The last I read GUH was on 17th Feb,this was what I interpret:
GUH-- AV Price=$1.06 (Closing=$1.11, P&L=+4.7 %), Stop Loss=$0.99. Risk= -6.6 %. Tp1=$1.12/$1.14, TP2=$1.25/$1.27. (Exp Trading Range $1.06 to $1.14).
Note : As suggested breakout looks inevitable and it did breakout from the Symmetrical Triangle with volume and hit my TP1 of $1.12, it is very Bullish and expected to scale higher after the breakout. Any weakness may find support at $1.08/$1.06 which offer opportunity to collect for future play. A break above its immediate resistance of $1.14/$1.15 (signal BUY) will take it to the uncharted territory with next target estimated at $1.25/$1.27.—17th FEB
After the reading GUH hit my target of $1.25 on 19th Feb which I cleared 60% to lock in my profits.The next day it hit my $1.27 (to high of $1.29) which I sold the remaining 40% to lock in all the profits.
Since I sold all my GUH it has consolidated and pull back to $1.11 ( Whether this is the new low yet to be tested).The uptrend is still intact so GUH should move higher after the consolidation.Any rebound should find resistance at $1.20/$1.25. Exit if $1.00 is violated.

dotconsurvivor—When you mentioned about Gap up, bullish Haram,Dark cloud you are right, but the formation of all these candles is insignificant because of the location. I would like to share my interpretation on those candles with you:

For example, you want to see a” Bullish Harami” when the price has been beaten down NOT on uptrend like Gamuda, you want to see the “Dark Cloud” at the top of the price, NOT when it is below the recent high of $4.65 (The Doji formed at $4.65 is significant because it could be a temporary top).
Candlestick formed different candle pattern everyday and we must learn to ignore those insignificant candles and not get excited or worry about them.

GAMUDA—Stage 3 of the cycle (Distribution stage price can be volatile) it is trading inside the Rectangle trading of $4.10 to $4.93. Gamuda shows weakness when it broke below $4.47 on 15/01 and subsequently tested its strong support of $4.10 but manage to hold. It has since rebounded and manage to close above $4.47 which imply more rebound is on the way to its next immediate target of $4.80/$4.82 if the Doji formed on 21/02 at $4.65 is taken out. If you are buying around existing level you may want to set your Stop Loss below $4.39.

Have a nice weekend.

Connie, you are most welcome. Are you in candlestick as well? profitMan is very well worth in candlestick too.

winwinborn—
EKSON---Stage 3 of the cycle (Distribution stage and price can be volatile), it open with a Big Fallen window imply more downward movement can be expected. It is forming what look like a Double Top pattern( Bearish implication) having neckline at $1.25( Reaction Low after the first Top formed on 31/12). A break below this level (SELL) confirms the pattern and it should be heading towards its target of $1.03. Any rebound should find resistance at $1.37/$1.42 ( Gap Resistance).

TaurusGal82—I did the chart reading for ASIAPac on 14/02 for ViviYap, this was my reading:
# Asiapac---After hitting a high of $0.23 on 21/01 it consolidated and may have found a new bottom at $0.18. It is expected to re test previous high of $0.23 and a break above (Signal BUY and will carry on stage 2 of the cycle, which is very Bullish) with volume will take it to the uncharted territory of an estimated target of $0.28.Immediate support adjusts to $0.215/$0.20. Exit if $0.18 is violated.Asiapac has been setting new high and counter like this does not have any overhang to clear.”—( 14/02/14)#
After 14th Feb it did consolidates to my suggested support of $0.20 on 19th Feb. The uptrend for this counter is still intact but the downward momentum has increased. First weakness if break below $0.20 and observe the Exit level.

林俊松—TROPICANA—You are not alone..many were caught when it broke below $1.77 and dint take losses…
INSAS ---I bought in INSAS when it broke $0.895( its downtrend line) signal BUY and it hits high of $0.945 on 25th Feb but formed an “Engulfing Bear” on the same day. I cleared all mine because this Bear is shadowing further upward movement of INSAS. I sold at a small loss to protect my capital.

I did the chart reading for BRAHIM on 20/02 for ViviYap, this was my reading,
BRAHIM—Stage 2 of the cycle and very bullish, the counter keep setting new high means no overhangs to clear. The uptrend line is very much intact.The next target is estimated to be $2.70 if breaks the previous high of $2.55. Immediate supports are adjusted to $2.38/$2.34. For short term traders like me we would exit if $2.25 is violated.—(20/02/14)
After the reading,
The uptrend is very much intact, except to re test previous high of $2.53/$2.55. A break above will take it to the uncharted territory and next target of $2.70.Immediate support adjusts to $2.25 ( its uptrend line) and a break below shows weakness.


Yoda88, I did the chart reading for SCOMIES on 16/02 for novice8, this was the reading:
SCOMI—Very Bullish after breaking out from Cup and handle pattern at $0.935( Signal BUY) with volume last Friday. It tested its previous high of $1.01( Formed on 05/07/2013) but could not break it on the last attempt. A break above will move it to its next target estimated at $1.16/ $1.20. Any consolidation due to profit taking or overbought situation may find immediate support at $0.935 which offer an opportunity to accumulate for future play. Position traders may set the Stop Loss if $0.88 is violated but medium term players the Stop Loss is at $0.80. –(16/02/14)
After the reading, it did hit my estimated target of $1.16 on 17th Feb ( Hit $1.15 actually). It started to consolidate after 17th Feb and find support at $1.00 ( Forming Pole and Flag pattern which is Bullish). As long as $1.00 hold, it is expected to break above the pennant at $1.03 (Signal BUY) to its previous high and beyond . A break below $1.00 may take it to its next support of $0.935.
I will put this counter on my watch list as I am also interested if break $1.03..

Novice8—Gadang will be posted on my weekly summary later. I will do Caley for you later..

Ulutrader, will look at your counters later..

dotconsurvivor—Will look at GAMUDA later..

Have a nice weekend..

dotconsurvivor, hepitrade Welcome to this thread..We are here to share and learn from each other..

Thanks everyone to share some valuable information on some of the stocks.

So many charts to read, so little time as I am on and off the internet. I will do my best to reply to everyone but need some times.

profitMan, First, I must congratulate you on your TA on the candlestick . You are absolutely right and thanks for correcting my mistake. I want to apologize to Tuck2 for my mistake, must be due to the holiday.
You are right too both are Bearish reversal yet they are some differences in them, I would like to share with you my interpretation of the two:
a) Dark Cloud only happened at the top, i.e price has been advancing. You need to wait for next candles to close below the white candle before that to confirm it has actually reversed.
b) “Engulfing Bear” can happen either at the top or bottom(price has been declining) and if happen at the top lots of traders like me will sell the next day without waiting for any confirmation candle like in the case of SILK. But if “engulfing Bear” happened at the bottom after some price declining for a long while, then it could be the last “Engulfing Bear” and can be Bullish reversal signal.

Happy Trading

sunlight, need not to rush as i said it is still under downward movement. I entered just now because i am willing to take 7% risk if the trade turn against me.

Happy Trading..

novice8, sunlight and ulutrader..

I will look at the charts this weekend for you all..

GADANG uptrend is still intact..

Orna if breaks $1.17( I will scale in) next resistance is at $1.30 and TP1=$1.42.So the risk ratio is very good.
If you decide to enter Orna do remember to set Stop Loss if $1.04 is violated.It is still on downward even though the downward momentum has slowed down..I just start to collect today and still Q to buy..
Like I say, you can enter any stock if you have a plan..

Happy Trading…

Sunlight,
KNM---After hitting a high of $0.85 KNM had a big Pull Back to low of $0.64. This pull back may have shaken out lots of traders and most likely to start stage 3 of the cycle (Distribution stage) unless $0.85 can be taken out. The new low of $0.64 is most likely to be tested again, if fail to hold expect the next support is at $0.60. Any rebound should find immediate resistance at $0.74,and it is expected to trade in the range of $0.64 to $0.74 if $0.64 holds. Exit if $0.60 is violated.

For ORNA, may have found a new bottom at $1.04, i am starting to collect because consolidation may be over soon if $1.04 stays. Need to break above $1.17 to breakout from Pole and Flag pattern.(Bullish implication). Stop Loss if $1.04 is violated.(About 7% risk)

I am also monitoring REDTONE if support of $0.66 holds.

madamlee—Welcome to this thread.

BIMB –Stage 4 of the cycle to be avoided. If you are thinking about Bottom Fishing remember to set an Exit point below $3.80.It is doing a technical rebound after the big sell down 2 days ago and the rebound should find resistance at $4.12/$4.16. Very strong resistance is at $4.30 ( Also its descending Line). The WA normally will follow the mother shares.

Cleared all my remaining HEVEA after hitting my Trailing Stop at $1.27, very happy with the returns. May re enters when the opportunity arises.

Also cleared all my INSAS to protect my capitals

Happy Trading…

Sunlight, I did the chart reading for SALCON on 19/02 for BullRun88, that was what I said:

SALCON—I used to trade this counter last year and profit from it. It breaks out from its Descending line (also Double bottom formation and neckline at $0.685) today with increase volume and it needs to stay above $0.685 to confirm such breakout. Formed a big white candle that is bullish so it is most likely to test its next resistance at $0.715 and strong resistance at $0.745(previous high).Immediate support adjusts to $0.67/$0.655.Exit if $0.63 is violated.—(19/02)
After the reading, Salcon did go to the high of $0.755 but failed to close above 0.745. Now it is under consolidation and if $705 fails to hold expect strong support at $0.685 (Resistance turns support)
For KNM, I will look at it once I have access to my charts..

changlk03—You are most welcome to this thread. We are learning & sharing our experiences here together…

Happy Trading..

You are welcome Novice8..

As suggested yesterday, enter ORNA at $1.11 may have found new base at $1.04..

Happy Trading..

Novice8..i really cant access the charts now...i am v my tour friends now..
I can only share this v u from this afternoon charts..
1) Engtex-- i was a bit worry it could be the last
Engulfing Bull yesterday.. i sold 40% of my shares today
AV 1.935 when it cant break above $1.94.to lock in my profits..
2) Maybulk-- Dnt't move higher as suggested after The Separating
Line yesterday..but uptrend is still intact.
3)Fitters-- Ya u r right still under consolidation..but it may has
Found new base at $0.855 so some rebound can be expected. Fitter
Need to close above $0.876 to hit my target of $0.92 n beyond.

I hope this help as my trading partner dint call me so i presume
My counters has not hit my Stop Loss Level..

I am looking at Orna Papper this afternoon..Cinsidation could be
Over soon..

I am now using my HP to answer this..

Good Night..

Samradha, thanks for the kind words. This forum brought me many investor friends and I have also benefited a lot from some of the stocks I helped to analyze. So it is a Win Win situation.

DAYA—Stage 2 of the cycle very Bullish.Trading in the Uptrend Channel that mean higher High and Higher Low.Expect a trading range of $0.415 to $0.46,so any weakness toward $0.415 offer opportunity to buy for future play. A break above $0.46 with volume imply breakout from Uptrend channel that carry an estimate target of $0.50/$0.52.Daya will spell trouble if break below its uptrend line, exit if $0.36 is violated.

IRIS—Very Bullish (Stage 2 of the cycle) after breaking out from $0.47 with volume on 12/02/14 which carry an estimate target of $0.65. It hit the high of $0.63 on 25/02/14 but formed a “Engulfing Bear” that imply some pullback is expected . The “Engulfing Bear “ is shadowing the upward movement of IRIS so any pullback can find Immediate support at $0.51 and strong support at $0.47( Resistance turns Support).Exit if $0.37 is violated.

Tuck2,
SILK—Very Bullish forming Pole and Flag formation after hitting a high of $0.785 on 05/02/14 and started its consolidation.May have found the new low at $0.63 on 19/02/14 and started its rebound, but formed a “Dark Cloud” on 24/02 at $0.74. This dark cloud is shadowing the upward movement of SILK .A break above the pennant at$0.72 signal Buy and if break $0.74 SILK will scale much higher to its previous high of $0.78 and into new uncharted territory. Failure to breakout soon ( it has been in the pennant almost 3 weeks already) then it may formed the Descending Triangle which has Bearish implication. Exit if $0.62 is violated.

Nagachan, everyone trade differently. I do not trade penny stock & I normally go for Mid-Cap.Also in this thread I have never advised anyone to buy any particular stock, I only share my trading strategy by using the stocks I am trading.As I always say, the Buying and Selling the traders need to make that decision themselves.

Ulutrader, thanks for sharing the link..

Happy Trading…

27th FEB 14

#We tend to over complicate everything we touch and because of that, we cannot see the obvious.

ENGTEX--AV Price=$1.79 (Closing=$1.91, P&L=+6.7%), Stop Loss=$1.65. Risk= -7.8 %. Tp1=$1.79/$1.82, TP2=$1.94/,TP3=$2.00 (Exp Trading Range $1.83 to 1.96).
Note: I reenter Engtex at an average cost of $1.79 past 2 days because it may have found a new base at $1.65. It hit my TP2 of $1.94 today and form an “Engulfing Bull” so tomorrow candle if close below $1.91 may imply the temporary top.If break above $1.96 should try TP3 of $2.00 ( Round number Resistance) & next target is at $2.16.

MAYBULK if break above $2.19 will take out the “Dark Cloud” formed on 17/02 to scale higher.Today formed a “Seperating Line” so the uptrend should continue.

INSAS—yesterday formed an “Engulfing Bear” which is very bearish and the bear will shadow the upward movement of INSAS. Today formed a Hammer which normally is Bullish but during the uptrend, it could turn to a “Hanging Man” which is the Top reversal. I will definitely clear mine if $0.885 is violated to take my little losses to protect my capitals.

samradha, welcome to this thread. I will look at Daya and Iris for you tomorrow after my sightseeing in the morning. Need to sleep early tonight for the tour.

Happy Trading and Good Night..

Sunlight—Welcome and there is no sifu in this thread.We are here to share our trading experiences and helping each other out.

LUSTER—Luster ended its stage 4 of the cycle when it found a new bottom at $0.085 on 28/08/13. Stage 1 of the new cycle traded from $0.085 to $0.115( Rectangle Trading) only ended few days ago when it broke above $0.115 with volume carry an immediate target of $0.145.It is at stage 2 of the new cycle and very bullish unless $0.115 is violated. The next target is at $0.175/$0.19 if break above $0.145.Exit if $0.085 is violated.

profitMan, good trade by reentry of ENGTEX and its warrants.Me too I had been buying Engtex past 2 days.

Novice8, chrisgeorgeis mentioned JAKS earlier.

Happy Trading…

I would like to welcome smalltimer,butter_will_fly, tuck2 and messi2u to this thread.

butter_will_fly,profitMan, thanks for sharing “Chartnexus xperf” and tradesignum

Finally can read my chart..

AyamTua,
AMEDIA-WA—Trading under its Descending Line that is lower High and lower Low. Unless it could break out from its Descending Line at $0.06 it is expected to trade range bounds of $0.04 to $0.06. Strong support is at $0.03. A break above $0.06 with volume will take it to next resistance of $0.75/$0.80 (Its previous high).

Nagachan,
INSTASCO—Stage 4 of the cycle ended when it found a new bottom at $0.245 on 21/11/13, now it is at stage 1 of the cycle (Accumulation stage) trading between $0.25 to $0.28. It breakout from $0.28 on 24/02/14 with volume signal may be starting stage 2 of the cycle which is very Bullish. If the support of $0.28 (Resistance turns support) holds, then you can expect it to move higher in the near term.Immediate target is at $0.31 and strong resistance is at $0.35. Exit if $0.245 is violated.

Winwinborn,
HOVID—Stage 3 of the Cycle (Distribution stage), it is forming Descending Triangle, which normally has Bearish Implication unless it could break out from the Triangle.If you are trading this counter do observe the neckline of $0.325 carefully and a break below this level with volume signal Stage 4 of the cycle( Avoid at all costs). Hovid has on many occasions tried to breakout from the triangle, but each time it was push back towards $0.325.

林俊杰,
PINTARAS JAYA—Stage 3 of the cycle (Distribution stage and price can be volatile), expect trading ranges of $2.80 to $3.10.Pintaras shows weakness if $2.80 is violated as next strong support is at $2.60. I am not sure whether this is a counter you want to buy long term for your girlfriend, you might want tocheck with FA trader like Sephiroth. He is very good at FA.

BullRun,
SOLUTN—Found a new low $0.315 on 19/02/14, whether this is the end of stage 4 of the cycle yet to be proven. If $0.315 is indeed a new low, then SOLUTN may start a stage 1 (Accumulation Stage) of a new cycle, which normally will be inside Rectangle trading.Expect a trading range of $0.32 to $0.355 during this stage.If you are thinking of Bottom Fishing remember to set the Exit if $0.315 is violated.

Novice8, thanks for the information I collected back Engtex when it break above $1.79 last 2 days. Engtex hit my TP2 of $1.94 today, if break $1.96 will get to uncharted territory.Maybulk has a wild swing today but uptrend is very much intact.

Happy Trading…