AyamTua..

As i said earlier..once i get to my chart
I v do my best for u...

Good night..

Connie..thanks.
I am on holiday but still try look at charts
For forumers here.. i only have 1 thing in my
Mind..try my best to help especially newbies..

I was burned before i dont that to happen to
them..

Good Night.

nagachan..welcome to this thread.. once i get to my chart i v look at Instaco for u...

Workworkwork.. i may enter Redtone too..

BullRun, i think i did the chart for Solutn before..
Once i get to my computer i maybe able to update
for u..now i am on holidays cant look at the charts yet..

Good Night..

Ulutrader,profitMan..thanks. Ya,the only way to make
$$$ in the market is discipline n without emotion.
Still, the most important is when the trade is against
us..must able to take the pain n cut losses. Take ur
Losses early n try to ride on winners as long as u can
by setting Trailing Stop. I am sure u v be making $$$
in the Long Run.
Stock Market us a Zero Sum games, u win because someone
is losing..

Oops..time for some sightseeing..

Happy Trading...

林俊杰，i v look at Pintaras when i have access to
my chart. Now i am using HP to look at stock prices.

ProfitMan,thanks for highlighting Barakah..v look into it.

Novice8,Yoda88,thank for the info on Fitters

Workworkwork
Thanks for sharing TA of Borneo Oil..
As mentioned on my weekly summary post
Expect to consolidate downward..as long as
It dint hit my Stop Loss it is still ok.

Ulutrader..my target for Hevea is $1.40 based
On TA. I sold 20% at $1.32 yesterday just to
Lock in more than 10% profits. If u see how i
trade i alway lock in profits when opportunity
arises.

Happy Trading..

Just got to the hotel..i entered Gadang
In the morning after breaking $1.20. sold 20% of Hevea at
$1.32 to lock in some profits.
Sorry guys still cant access my charts to do the chart reading.
Will reply u all when i can get to my charts..
Happy Trading n Good Night..

24th FEB 2014—WEEKLY SUMMARY

1) BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.665, P&L=-1.0%), Stop Loss=$0.625.
Risk= -7 %. Tp1=$0.745, TP2=$0.83. (Exp Trading Range $0.655 to $0.695 ).
Note: I scale in 30% of shares when it broke $0.695 and my AV cost has increased to $0.672.
Even though uptrend still intact,the downward momentum has increased, short term may see more consolidation to re test of support of $0.66/$0.655.Stronger support is at $0.64/$0.63.Any rebound should find resistance at $0.68/$0.695 and strong resistance at $0.71.


2) FITTERS-- AV Price=$0.825 after Scale In (Closing=$0.865, P&L=+4.78%), Stop Loss=$0.785.
Risk= -4.8 %. Tp1=$0.875, TP2=$0.92/$0.95. (Exp Trading Range $0.84 to $0.92).
Note : As suggested breakout looks inevitable and it did breakout from the Symmetrical Triangle with volume and almost hit my TP1 of $0.875, it is very Bullish and expected to scale higher after the breakout. Any weakness may find support at $0.835 which offer opportunity to collect for future play. A break above its immediate resistance of $0.875 (signal BUY, I may Scale In further) will take it to TP2 of $0.92/$0.95 (Round number Resistance at $0.90).

3) HEVEA -- AV Price=$1. 16 (Closing=$1.25, P&L=+7.75%), Trailing Stop=$1.19. Risk= 0 %. Tp1=$1.30, TP2=$1.40. (Exp Trading Range $1.23to $1.35).
Note: As suggested,Hevea broken out from the Double Bottom formation, it has an estimated target of $1.40. It hit my TP1 of $1.30. I have set my Trailing Stop at $1.19 to protect my Capital and some profits. I may also clear to lock in some profit if can”to break above $1.32.

4) INSAS--- Av Price=$0.905 ( Closing=$0.905, P&L= +0 %), Stop Loss=$0.855 . Risk= -5.5%. Tp1=0.97/$0.985 (Previous High). (Exp Trading Range $0.88 to $0.97 ).
Note: INSAS broke above $0.895( Descending Line) signal BUY, it is Bullish and is expected to move higher to test its immediate Target of $0.97/$0.985. The break above $0.985 will take it to uncharted territory.Any consolidation should find support at $0.88/$0.865 offer opportunity to collect for future play.


5) 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.TP#=$2.58 (Exp Trading Range $2.03 to $2.20).
NOTE:Jacky187 highlighted this stock to me and I did the chart analysis on 12/02/14 :
#Breakout from the “Cup and Handle” pattern at $1.96, very Bullish and has an immediate estimated target of $2.20 and final Target of $2.58.# . It did hit my first TP of $1.20($1.19) on 17/02/14 but formed a Dark Cloud imply some pull back which it did. The Dark Cloud is shadowing the upward movement of Maybulk so unless it is taken out it is expected to trade between $1.96 to $2.20.Formed a Doji last Friday a break above $2.11 may take it back to $2.19 level.

6) TAS-- Av Price=$1.23( Closing=$1.26, P&L= + 2.4%), Stop Loss=$1.13. Risk= 8%. Tp1=$1.20. TP 2=1.27/$1.32. (Exp. Trading Range $1.17 to $1.27).
NOTE:As suggested hit the resistance of $1.29 but couldn”t break above $1.32. Formed an inverted Hammer imply some weakness after hitting $1.29. Unless it could break above $1.32 into uncharted territory it is still trapped inside the Rectangle Trading between $1.13 to $1.29. May clear to protect my capitals and some profits if can”t break above $1.32 soon.
Sold my ENGTEX when it broke $1.80 to lock in 3% profits and protect my capital.
Sold my FRB Av price of $0.795 giving me 8% returns.

I am monitoring ENGTEX (To reenter) & REDTONE as suggested by workworkwork.

Happy Trading & Good Night..

P/S I will be flying off for a short holiday tomorrow, will try to update when internet is available.

林俊松
TROPICANA—I have done this stock analysis many months ago and advised those that were trading this stock to take losses if break below $1.77 then it will start stage 4 of the cycle which it did. I know many traders were caught ( because they din”t cut losses)on this counter like HuaYang, so plenty of overhangs to clear for this stock.

May have found a new bottom at low of $1.19, now it is on its technical rebound. Last Friday open with a Gap and heading toward its next resistance at $1.41. If it could break out from $1.41 it carry an immediate target of $1.57/$1.63. Failure to clear this resistance it is expected to trade inside the Rectangle of $1.19 to $1.41.Due to lots of Overhangs, any upward movement will invite those “Involuntary Investors” to clear their positions to reduce losses.Immediate support adjusts at $1.34/$1.31( Gap Support).Exit if $1.19 is violated.

Happy Trading and Good night..

cbyeoh

TA—Broke out from its Descending Line 0n 18/02 and counter has turned Bullish. The consolidation of the high of $0.85 looks over after finding the new bottom at $0.725.A break above $0.815 it is most likely to test its previous high of $0.85/$0.86. Any consolidation should find immediate support at the Gap support at $0.78/$0.775,strong support is at $0.755. If it can break above $0.86 TA should scale real high.

MULPHA—Stage 1 of the cycle,Rectangle trading of $0.405 to $0.45.Unless it could break out from $0.45 with volumes ( traders may come in), it is expected to trade sideways.A break above with volume will take it to its immediate target of $0.485. Exit if $0.395 is violated.

Thanks everyone for the good wishes. Really need to start packing now..

Happy trading..

Brendonyeap,
I am not too sure about Property stocks because of the cooling effects by the government and how bad it will affect their performances. Maybe some FA on Property Sector can help you. I only look at the stocks in TA point of view only. Here is the reading of the charts for:

PJDev—I traded this stock because it highlighted to me by Sephiroth, and thanks to him I locked in profits on few occasions latest being last week when I sold mine at $1.55.
PJ DEV—: It issue a BUY signal when break above $1.44 with a Rising window which I bought in at $1.45, it hit my immediate target of $1.52 but could not close above $1.50. A close above $1.50 ( I may scale in more shares)confirms it is entering into uncharted territory with an estimated target of $1.64. Any weakness should find support at $1.46 and strong Gap support at $1.44/$1.43 also offer an opportunity to accumulate for future play.—(Reading done on 17th FEB 2014.). If break $1.60 should head towards immediate target of $1.64.

MKLand—Very Bullish and stage 2 of the cycle. It broke out from $0.425 on 14/02 with volume and has an immediate target of $0.46 which it achieved on 19/02.It formed an “Engulfing Bear” on the same day imply some pull back, which it did. Now the “Engulfing Bear” is shadowing the upward movement of MK Land.It is under consolidation with reduced volume, which is healthy and expect to trade between $0.42 to $0.46 during consolidation.A successful breakout of $0.46 will take it to its previous high of $0.475 and into uncharted territory. Exit if $0.39 is violated.

OSKProp—Very Bullish and keep setting new highs. It breakout from $1.55 with a BIG gap on 19/02 and with such a Gap of ($1.47 to $1.54) definitely invites sellers and which it did and now it is trying to close the Gap. The Gap is partially closed now and the Gap of $1.47/$1.54 is the new support for OSK.The upward movement is still intact even though the upward momentum has decreased. If the Gap support holds, it is expected to re test resistance of $1.55/$1.59 after the consolidation. Exit if $1.40 is violated.

Yoda88,

Hexza—Agreed with you reading on Hexza after last Friday closed. It actually breaks out from $0.69 (Rectangle Trading) with an immediate Target of $0.74. The consolidation looks over after hitting a high of $0.795 on 29/10/13 and found the new base at $0.64. A successful break above of $0.74 should take it to re test previous high of $0.795. Exit if $0.64 is violated.

I am happy you bought MBL at a good price but do monitor the Descending Line i mentioned, if break above it is very Bullish.

Note: I would be flying off tomorrow morning( Need to leave for airport by 9.30am) so may not have time to read more charts for you all this weekend. I would try to do it while on holiday at night if possible.

Have a nice weekend !!

sephiroth, i sold PJDev at $1.55 to make way for INSAS. Congratulation on your winning on PJD-WC. I am very happy for you.You really ride on the profits for PJD-WC..

workworkwork, not every counter I touched make $$$, often I need to bite the bullets to take my losses too.But February has been real kind to me, so far I only cleared ULICORP at a small loss ( 1% losses).Others has brought in profits ranging from 4% to 20%, trade well $$$ will follow.

Thanks for highlighting Redtone, look good for more advances. I will put it under my watch list.

Congratulation on your MKH, remember to set a Trailing Stop to lock in profits. Borneo Oil showed weakness after the close last Friday. U made the right decision to dispose.

Have an wonderful weekend.

BullRun88,Workworkwork, the charts for

REDTONE—May have found a new bottom at $0.60, the first BUY signal came on 17/02 when it breaks above its Descending Line at $0.66 and hit its immediate resistance at $0.68. It breakout from $0.68 two days ago further signal BUY( I would have Scale In) and has an immediate target of $0.76.It is very Bullish and any consolidation towards $0.68(Resistance turns support) offer opportunity to accumulate for future play.A successful break through of strong resistance of $0.76 will take it to previous high of $0.86 and beyond. 3 white candles for the past 3 days imply bullish uptrend should continue. Exit if $0.60 is violated.

CAP—Very bearish even though the new bottom of $0.28 has been tested on a few occasions, but a break below implies stage 4 of the cycle not completed yet. Any rebound should find resistance at $0.32/$0.335. If you are thinking of bottom fishing remember to put a Stop Loss below $0.28.

Have a nice weekend..

connie, thanks and heart warming from you and all the forumers like profitMan, workworkwork ,cbyeoh ,tiongms, wokan , BuLLRam ,winwinborn ,novice8 , yoda88, ulutrader all your good wishes..I am 70% ok now after the medicine.. i also enjoyed a bit of wine tonight in DUCKING restaurant at Jaya 1…

ProfitMan, I know you are a good trader and Congratulation on your Engtex.. I sold mine too when it broke $1.80 to protect my capitals and bit of profits..As I always say the most important thing for traders is to protect the capital. I will buy back in when consolidation is over..

I am happy FITTERS did breakout as suggested.. Still lots of overhang to clear if break $0.875, next resistance at $0.93/$0.96..I will be happy with the profits if hit the next target..

BullRun88,Workworkwork..I will look at CAP & REDTONE for you over the weekend..

Good Night I better take the doctor”s asdvice to have some rest..

Have a nice weekend everyone..

Thanks connie,it is always nice to hear from you...ya,i do need the rest..

Hope you are doing well in the stock market..

I will be away next week for a short holiday..

happy trading..

Thanks everyone for the good wishes..After some medicine and rest I am feeling slightly better now.Luckily it is the weekend now so I can have plenty of rest..

AyamTua, For AHB,

Weekly chart does show after breaking out from $0.245 next medium term Target is $0.38 by calculation(Can be months). Immediate resistance is at $0.30 (Round number invincible resistance) it is onto uncharted territory and no overhang to clear.
Everyone trades differently, any counter that moves up so sharply you can expect some pull back soon. Some traders will sit and ride through the pullback, some traders like me will lock in profits ( By setting a Trailing Stop) and reenter when the opportunity arises again. You need to make that decision yourself.

Yoda88,
MBL—Sideways Rectangle trading of $1.00 to $1.10. Yesterday formed a Big White Candle with increased volume, the upward momentum has increased. A break above $1.10( Signal BUY) has an immediate target of $1.20 with strong resistance at $1.14/$1.16 (Descending Line), if this level is taken out MBL will be Bullish.Any weakness will support at $1.06/$1.03.

FITTERS breakout today with rising window and volumes(I scale in another 50% of shares) counter is very bullish now.Should be moving to the nest resistance soon.

Happy Trading…

Sorry Guys i am not feeling well today and need to c a doctor..
Will answer your posts when i am OK..

Happy Trading..

21st FEB 2014

# Our opinions could be wrong, but the MARKET has been always right and the MARKET is bigger than all of us.#

FITTERS-AV Price=$0.815 (Closing=$0.83, P&L=+1.8 %), Stop Loss=$0.785. Risk= -3.7%. Tp1=$0.875/$0.90, TP2=$1.95/$2.00. (Exp Trading Range $0.80 to $0.87) Note: I started to collect FITTERS at $0.815 and will Scale In more shares if breakout from the Symmetrical Triangle with volume. The upward momentum has increase it is most likely to break out from the Triangle soon.

TAS-- Av Price=$1.23( Closing=$1.26, P&L= +2.4 %), Stop Loss=$1.13. Risk= 8%. Tp1=$1.20. TP 2=1.27/$1.32. TP3=$1.40(Exp. Trading Range $1.20 to $1.32). NOTE: Hit my TP2 of $1.27 but failed to clear it. The upward momentum has increased it is expected to break $1.27 to try its previous high of $1.32. A break above will take it to the uncharted territory.

I collected some INSAS at $0.905 for a quick trade, next resistance is at $0.93 and strong Resistance is at $0.97.Will take my losses if break below $0.865.

I cleared my PJDev at $1.55 giving me 7% profits thanks to sephiroth this is the 3rd time I lock in PJDev.

I also sold all my remaining (40%) GUH at $1.27 given me another almost 20% profits, very happy with the returns of GUH.

I am still collecting MayBulk for future play. (Still under consolidation)

I am not monitoring any stock as I am trading at my Maximum of 7 stocks.

Happy Trading and Good Night…

P/s:
Yoda88, I will look into MBL for you tomorrow

Jacky187, no Jastika did not form a Dark Cloud today.

winwinborn, you are welcome !!

AyamTua,
I did the chart for Bliss 3 days ago.

AHB---Very bullish with the uptrend line intact,and it is expected to test its strong resistance at $0.245.A break above $0.245 not only will take it to its previous high of $0.28 it also breakout from Round Bottom formation on the weekly chart that has an estimated target of $0.38 in the medium term. Any consolidation may find support at $0.215/$0.205.Exit if $0.17 is violated.—Bliss( 18/02/14)

Happy Trading..

winwinborn—welcome to this thread.

TRC—Stage 4 of the cycle ended at the low of $0.505 on 29/08/13 and it is now at stage 1 of the new cycle trading between $0.53 to $0.59. Broke out from $0.59 with BIG volume and hit high of $0.605 on 11/02 which carry immediate target of $0.63/$0.66. The large volume was a Buying Frenzy and not surprising the next 2 days it fizzled out and caught many traders by surprise to dip to $0.565. The Engulfing Bear that formed on 20/02 at $0.60 is shadowing the upward movement of TRC, until this level is taken out it is most likely to consolidate sideways, immediate support adjusts to $0.565.

VS—Uptrend is intact and counter is bullish. It is under consolidation and still under downward momentum, if break $1.49 may find good “Gap” support at $1.48/$1.47. After consolidation it is expected to try the resistance of $1.60 if break may hit its immediate target of $1.66.

Novice8, I will post INSAS and FITTER later in my Summary.

Sankai, you are most welcomed

Happy Trading…

Sephiroth, thanks for the info..

That is the good thing about TA, we don’t need to study that, but the chart starts to show some strength when it broke $0.73 lately, I collected at $0.735. Now I can lock in my profits already.
Like FITTER, looks like it may breakout from the triangle soon.

I cleared PJDEV at $1.55 and GUH at $1.27 to lock in my profits and make ways for INSAS and FITTER, thanks to you 3rd times I lock in profits in PJDev..

Happy Trading…

Sankai, welcome to this thread.

KRETAM—Found the new low at $0.535 which stage 4 of the cycle ended. Now it is at stage 1 of the cycle, it is expected to trade between $0.585 to $0.65. A break below $0.585 spells trouble may retest its previous low of $0.535.A break above $0.65 may find strong resistance at $0.685. The trouble with this stock is it has lots of overhang to clear. If you are bottom fishing, make sure you exit if $0.535 is violated.

Happy Trading…

FRB--finally break out from $0.785..
Very happy with the performance...

Happy Trading..

Sephiroth, thanks for highlighting TA.. I am in INSAS so my maximum of 7 stocks is up.Need to control my GREED not to over trade.

Novice8,
EngTex—It hit $1.89 today, but failed to clear the $1.90. It starts to consolidate now and be concerned if it violate $1.79. I may start to protect my capital if that happen. Remember never to let a winning counter becomes a losing counter, it will affect you in your later trading life. The uptrend is intact after it break out from the Triangle, first target is $1.90 which it achieved today($1.89 is close enough)and final target estimated at $2.10 ( strong resistance at the $2.00 round number).

Happy Trading..

Thanks novice8..

I will only leave on 24th Feb Monday, maybe take 1 week off but will look at stocks using hotel wifi..

TAS hit my TP2 of $1.27 today, if break may try previous high of $1.32..

Happy Trading..

Ulutrader, don't worry normally the hotel i chose MUST have wifi but maybe not able to read charts so frequently while away.

I start to collect FITTER it is forming Symmetrical triangle which is easy to trade..Break out add break down sell..

Happy trading.

Ulutrader, well done and congratulation on your winning..

TAS may also start engine after breaking $1.25 today..

I also cleared most of my GUH at $1.27 today..February turns out to be an wonderful month for me..maybe will take a short break next week.

Happy Trading

Ulutrader, thanks for the kind words. As I always say we are here to help each other out. Sephiroth knowledge on FA stock command respect.
Jenny888, welcome to this thread. When we mentioned target it is just an estimated paper calculation, whether it gets there or not based on lots of other factors.

ViviYap,
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 trader like me we would exit if $2.26 is violated.

Sephiroth, I joined INSAS when break $0.90 this morning. Thanks for highlighting to me.

Happy Trading..

ENGTEX -AV Price=$1.73 after scale in (Closing=$1.87, P&L=+8 %), Stop Loss( 2)=$1.65. Risk= -4.6%. Tp1=$1.79/$1.82, TP2=$1.94, TP3=$2.00. (Exp Trading Range $1.82 to $1.94).
Note: I scale in another 30% of shares at $1.80 and now my Av cost has increased to $1.73.It is expected to test $1.90 and to my TP2 of $1.94/$1.96(previous high).

Today I cleared 20% of HEVEA at $1.31 to lock in 13% profits, it is moving towards my TP2 of $1.40 which I may clear more on the way upward.
GUH hit my target of $1.25/$1.27 today, which I cleared 60% of my shares at $1.24 giving me 17% profits, very happy with the returns. May clear all if can't break above $1.25/$1.27.

I also start to collect MAYBULK at an average cost of $2.07, will collect more on any weakness.

I am monitoring FITTER, it is forming Sysmetrical Triangle.

Happy trading and Good Night…

p/s: ViviYap, I did E&O for pathew earlier.
E&O—Yet to break out from the Downtrend line of $2.10 with immediate resistance at $2.06. Formed a Bullish Harami last Friday( Bullish sign), so it is expected to move higher to $2.06 and strong resistance at $2.10. Immediate support adjusts to $1.96/$1.94. Unless it could breakout from the downtrend line (Above $2.10) it is expected to move sideways with downward biased.( date: 16/002/14)
On the 17th it did move higher to $2.05.as stated, it is expected to move sideways with downward biased, today it touched the support I mentioned at $1.96/$1.94. Next strong support is at $1.89.

For Brahim I will look at the chart for you tomorrow. Need to sleep earlier as I am doing a run tomorrow morning.

Sephiroth,thanks for highlighting INSAS to me. Yap it is very bullish if can break above $0.90.( Its descending line).

Bullrun88,
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.

Keith94, I don”t do FA on any counter, but lately everyone is talking about O&G, Export and Water related companies. Normally, once the FA start to collect it shows on the charts and there is where we come in to trade with them. Sephiroth FA is one of the best I know in this thread.
I can only interpret the chart for you:
DAYANG—sideways trading of $3.66 to $3.90, today it gap down, which is bearish indicates more downward movement. It is expected to re test support of $3.66 if break spell trouble as the next strong support is at $3.50. any rebound should find resistance at $3.80/43.81 and very strong resistance at $3.90. Exit if $3.46 is violated.

Chrisgeorgeis, JAKS formed a big white candle with volume, which is bullish. If break above its Descending line of $0.54 may try next resistance of $0.55 and its previous high of $0.575.

Ulutrader,Thanks for sharing information on Hevea. I cleared 20% of HEVEA at $1.31 to lock in some profits first, my next TP is $1.40 as stated in my earlier post.

Happy trading..

Tiongms and novice8,
DELUEM—Stage 2 of the cycle and very Bullish.Breakout from $4.62 on 17/02 with volume signal BUY and has an immediate target of $5.30 which was basically achieved when hit $5.28.Any weakness may find support at $5.07/$4.90. Now into uncharted territory and anything can happen.

BullRam,
SCOMI—Very bullish and as mentioned by you after hitting high of $0.50 it starts its consolidation.The break out carry an estimated target of $0.525/$0.555 .Any weakness may find immediate support at $0.455/$0.435 offer opportunity to collect for future play. Be cautious if it break below $0.435 which shows weakness and may close the Gap support at $0.405/$0.395.

Profitman, it is ok to miss sometimes, Still a good price for your entry at $1.76, I actually scale in at $1.80 today after it breaks $1.79, so my average cost is also increased.

Ulutrader, congratulation on HEVEA. You are never wrong when lock in profits.I also cleared some at $1.31.

Sephiroth, many thanks for helping out with MMode analysis fundamentally.

Pathew, you are always welcome.

Happy trading..

BullRun88,

MMODE—I am not sure why the stock drop you may want to get some information from FA because I only use TA.
Chartwise—It breaks below $0.65 today with a big falling window indicate stage 3 of the cycle is over and starting its stage 4 of the cycle. This is the stage we traders avoid at all costs.Today it hit a low of $0.58 and whether this is the new bottom yet to be proven, the next support is at $0.54. Any rebound should find strong resistance at the “gap resistance’ of $0.63/$0.65.
I never advise anyone to buy because I think that every trader needs to make his own decision to buy and sell. If you are thinking of bottom fishing remember to set a stop Loss below $0.54.

Happy Trading..

novice8,

CUSCAPI break out with a breakaway gate, very Bullish now.

Malton also break out from $0.87.

Too bad i am holding maximum of 7 stocks now..

I scale in Engtex nad start to collect Maybulk..

Need to control the GREED !!

Happy Trading..

Jacky187, the most common calculation by many TA is using Fibonacci Number but I am not too familiar with it. Normally I look for the breakout and calculate the estimated target.

JASTIKA—it was trading between $0.14 to $0.19 before it breakout from $0.19, the TP1=($0.19-$0.14)+$0.19 which is =$0.24. I think it is heading towards there,if break TP2=$0.255/$0.265.

Once again all this is only paper calculation and it is not 100% accurate, you must set your trailing stop if you try to ride as long as you can, remember you can never sell on the top.

If you read my MUHIBAH posting, I rode the profits til my TP3 of $2.63. Finally sold off at $2.62. It may still break $2.63 to $2.72 but I am very happy with returns of around 14% now.

Once again like to remind you, in stock trading the MOST difficult part is the SELLING because of GREED and FEAR..

I am monitoring MAYBULK for entry..

Happy trading..

novice8, you are in ENGTEX as well? what is your entry price?
It hit my first TP of $1.79/$1.82.It is important it close above 41.76 today if not yesterday could be the last "Engulfing Bull" which is bearish.

HEVEA also hit my first TP of $1.30.

Happy trading..

19th Feb 2014

1) ENGTEX--AV Price=$1.70 (Closing=$1.76, P&L=+3.5 %), Stop Loss=$1.61. Risk= -5.3%. Tp1=$1.79/$1.82, TP2=$1.94. (Exp Trading Range $1.70 to $1.79).
Note: I reenters Engtex at an average cost of $1.70 (started to collect yesterday) because it may have found a new base at $1.65. It is not out of the woods yet, unless it could break above $1.79 with volume. Today formed an “Engulfing Bull” but RSI and Price showed some bearish divergence indicates weak undertone, so needs to monitor closely tomorrow.

2) FRB--AV Price=$0.735 (Closing=$0.76, P&L=+3.4%), Stop Loss=$0.70. Risk= -4.7%. Tp1=$0.785, TP2=$0.855.(Exp Trading Range $0.735 to $0.785).
Note: It breakout from its Descending Line but without volume, which lack validity for the breakout. Any upward movement will find strong resistance at $0.785. I will scale in more shares if $0.785 is taken out with volume as that mean it completed the Double Bottom formation and has an estimated target of $0.855.

3) HEVEA -- AV Price=$1.16 after scaling in when break $1.20 (Closing=$1.26,P&L=+8.6%), Stop Loss=$1.08. Risk= -6.9%. Tp1=$1.30, TP2=$1.40.(Exp Trading Range $1.17 to $1.30).
Note: As suggested,Hevea breakout from the Double Bottom formation today with volume. 3 white candles for the past 3 days imply bullish uptrend.It has an estimated target of $1.40 with immediate resistance at $1.30.Any weakness towards support of $1.21/$1.20 offer opportunity to collect for future play.

Today cleared all my MUHIBAH at $2.62 at 14.4% profits after it failed to clear my TP3 of $2.63. MUHIBAH has brought in lots of $$$ to me in the month of February.

Happy Trading & Good Night…

P/s ; Ulutrader, thanks for sharing info on HEVEA and your thought about JAKS, appreciated it.

Chrisgeorgeis, when I post it was 4.41pm it hasn’t broken out yet. It definitely needs more volume to clear next hurdle of $0.785...anyway thanks for sharing JAKS..I will put it on my watch list too..

Tonylim, congratulation to you on GUH as long as you did make $$$..

Ulutrader, ya I still hold on HEVEA, I actually Scale In more shares after it confirms to break out from $1.20..HEVEA next resistance is at $1.30 (Round number) and it does has an estimated target of $1.40 from Double Bottoms break out..

Happy trading..

chrisgeorgeis, thanks.

JAKS if break $0.575 i am also interested.Chart wise does not show it is moving soon..

Can have a look on FRB..may break out from the descending Line..i collected some when broke $0.73 just now at $0.735. Will scale in if break the descending line..

Happy trading..

sephiroth, wow..Thanks for your advice on Borneo oil warrant. I will skip it..

wokan, congratulation on your Coastal-wa, Well Done !

Tonylim, you in GUH too?

I am monitoring FRB as well..

Happy trading..

hey sephiroth, ya very happy with the performance of GUH..

Can you advise me on the warrant of Borneo oil..I collected the mother share already and would like to buy some warrants but not too sure about it.

Thanks

novice8, are you in GUH as well..Engtex also doing well..

GUH (after adjusted) break into new high and uncharted territory..Immediate round number resistance is at $1.20.It has a final estimated target of $1.25/$1.27 (by symmetrical triangle calculation).

Happy trading..

sephiroth, i need some advice on Borneo Oil warrant. I have collected the mother shares but did not buy any warrants because i am still confuse with warrants.

Thanks

Bliss,

You are welcome, I stay back during lunch break to help on forumers requests on their stocks. It is my pleasure to help but remember chart is only a guide. I would like to congratulate you on your winning on DSonic.

AHB---Very bullish with the uptrend line intact,and it is expected to test its strong resistance at $0.245.A break above $0.245 not only will take it to its previous high of $0.28 it also breakout from Round Bottom formation on the weekly chart that has an estimated target of $0.38 in the medium term. Any consolidation may find support at $0.215/$0.205.Exit if $0.17 is violated.

WCT—Stage 4 of the cycle ended with a new low of $1.99. It is now at stage 1 of the new cycle, expects a trading range of $2.01 to $2.24. Even if $2.24 is broken it may still find very strong resistance at $2.30.The problem with this stock it has lots of overhang to be cleared as many buyers maybe caught at $2.30 and above.

Happy Trading..

P/s: Very happy with the performance of HEVEA and ENGTEX which I have been accumulating. Will scale in if ENGTER break $1.79..

Tiongms,
MRCB—Stage 4 cycle ended with the new bottom at $1.23 and started stage 2 of the cycle when it break above $1.41 with volume on 20/01/14 .The problem with MRCB is, it is still trading below its downtrend line of $1.59, unless it could break above this line MRCB may consolidate further to its immediate support of $1.45/$1.41(Resistance turns support).A break above $1.61 signal BUY and if resistance of $1.65 is cleared, it is expected to move to its next target of $1.83. Note: Another problem with MRCB is it has lots of overhang to clear.

Chrisgeorgeis,thanks for sharing information on JAKS, be cautious with rumour. I think it is better you observe the movement and set a plan if you intend to trade.
JAKS---Sideways movement of Rectangle trading of $0.49 to $0.575. Unless $0.575 is taken out with volumes do not foresee any big movement. If break above $0.575 not only it is out of the Rectangle trading with the immediate target of $0.66 it also complete the Cup and Handle pattern on the weekly chart to give a medium term target of $0.83. The support of $0.49 was briefly violated on 28&29/01/14 showing weakness,setting a bear trap, some traders may be shaken out.Exit if $0.475 is violated.

Novice8,
CUSCAPI—I traded this counter before last year, I took my losses when it broke below $0.44.Wow. it went all the way to $0.34 !! May have found a new bottom in $0.34, it is still in stage 1 of the cycle,any upward movement may find resistance at $0.43.Expect trading range of $0.36 to $0.43.Traders may start to come in if $0.43 is broken with volume.
Happy Trading..

p/s: Ulutrader, HEVEA has broke out from the Double Bottoms today with an estimated target of $1.40.

Yoda88,

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.

Happy Trading..

Bliss, Charts for:

TAWIN—Very Bullish after breakout from $0.46 with volume 2 days ago to start stage 2 of the cycle. Today it breaks strong resistance of $0.635 and moving toward the immediate target of $0.69/$0.70. Any consolidation may find support at $0.60/$0.54. Congratulations, you are on a winner, but remember to lock in your profits or set a Trailing Stop.

TPC—The uptrend is intact and upward momentum has increased for the past few days. Today it breakout from $0.405 today moving towards its immediate resistance of $0.42.A break above may takes it to $0.47 and the previous high of $0.53.immediate support adjusts to $0.38 and exit if $0.35 is violated.

I will look at your other counters, maybe at lunch break.

Ulutrader, I think I did the analysis of IRIS before.
IRIS--Now it has broken out from $0.47 giving an estimated new target of $0.57. Any consolidation may find immediate support at $0.50/$0.47.

greenday, profitMan is in SONA and he did the analysis for SONA yesterday, this is his observation:
“Matrix - 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.”

Yoda88, tiongms, I will look at your counters, maybe at lunch time because I need to be away for a while..

Chrisgeorgeis, I am still collecting Borneo Oil. It should try $0.73/$0.745 soon.

Happy Trading..

# There is Risk in the market like your everyday life. Driving your car every day is a big risk, but you remain suave about the danger.The reason:you have gained understanding and experience to avoid the danger.#

MUHIBAH--- Av Price=$2.29 (Closing=$2.60, P&L= +13.5 %), Trailing stop( 3)=$2.54. Risk= 0%. Tp1=2.39, TP 2=2.48/$2.53, TP3= $2.63, TP4=$2.72(Exp Trading Range $2.49 to $2.60 ).Note: Muhibah hit my third TP3 of $2.63( it touched $2.62 which is close enough).A break above $2.63 signal BUY and it is expected to test its previous high of $2.72 and a Target of $3.06.I have also increased my Trailing Stop to $2.54 to protect my profits and to ride on the winning as long as I could.But I may clear if can't break above $2.63 and $2.72.

Today I cleared my UlICORP at $1.05 making 1% losses to protect my capital because I am not comfortable it could not break out from the Descending triangle.

I also cleared my KSL at $2.39 to lock in 4.8% profits.

I cleared these stocks to make way for HEVEA and ENGTEX.

I am monitoring GHYSys, Pohuat and SONA ( Suggestion from sephiroth, profitMan)

Happy Trading & Good Night..

P/S bliss, yoda88, i will look into your stocks tomorrow as i need to attend something important tonight..

Ayam Tua thanks for sharing the link..

Wokan, For Coastal WA I see you use the word HOPE that it can shoot pass $1.70 tomorrow. Let me remind you that is a very dangerous thought about “HOPE”, in the stock market, we never HOPE as we trade what is likely to happen rather than what we “HOPE” it will happen. Remember this because it will hurt you later if you trade with HOPE. I can”t say enough our biggest enemy in the stock market is ours EMOTION which are GREED, FEAR and HOPE, once you overcome the EMOTION I am sure you will make lots of money in the stock market.

Thanks for highlighting POHUAT and SBCorp to me..POHUAT next estimated Target is at $1.34. The SBCorp is also bullish by setting new highs..
Congratulation to you as you are on some winners..

Happy trading..

sephiroth, thanks for sharing some good FA counters with me all this while..really appreciate it. I don’t trade on many counters, but I go for quantity when decided to trade on any stock.

I am doing fine..enjoying my trading life. I am glad i choose this line and be my own boss. Winning and losing is also part of the trade, like today I took some losses on ULICORP to protect my capital . But I also cleared most of my KSL at $2.39 to lock in profits.
I am very happy with my Muhibah and try to ride on the profits as long as I could.

Happy Trading..

Thanks connie and profitMan for the kind words, I am happy to be able to share whatever I know about TA with you all. But I can't read Elliot Waves so Connie you maybe 1 step ahead of me now. Yeah, you are right the Wave can get really completed when the sub waves come in, so now I just use simple 4 waves to trade.

Sephiroth, icon8888 is right, you must be the richest guy in the stock market now, your ability to pick winner after winner is amazing and command respect. Thanks for sharing Pohuat, you are right, it is very bullish with the runaway gap today. I will definitely add this to my watch list.

Happy Trading..

Wokan, welcome to this thread.
Coastal-WA—wow, congratulation to you on Coastal. It is now in uncharted territory, the next estimated target is at $1.74. In stock like this when it keeps hitting new high, I would like to share my trading method to ride on the profits as long as I could. I would normally set my Trailing Stop to protect my profits. A trailing Stop is a level when hit I will be out with the money. At what level you need to make your own decision how many % you are willing to give back just to ride on…Also I could sell part of it to lock in some profits first. The choice is yours and as what I always say, in stock trading Selling is the most difficult part because of Greed & Fear, we are worry after we sell it move further up..

Happy trading..

P/s MUHIBAH is hitting my TP3 of $2.63, if the break will try previous high of $2.72.

Jacky187, Congratulation on your Maybulk.
We refer a Bull Trap when the price is taking off and it reverse after the take off. I was caught many times before and it is very painful because a Bull Trap normally followed with a Sell off. To make sure it is NOT a Bull Trap you normally watch the price rally with volume, and after the breakout it is quite common the price will come down to re test that level of breakout. If it stays above it means the breakout is genuine. I also set a Stop Loss maybe 2-3 ticks below the breakout just in case it is a Bull Trap.
You refer to DAYA but what it did today is not a Bull Trap. Daya is a bullish counter with an uptrend line very much intact, today it tried to test its previous high of $0.45 formed on 06/01/2009. A break above will take it to uncharted territory.The upward movement is intact even though the upward momentum may have slowed down lately.

profitMan, thanks for sharing SONA. I am impressed with your TA analysis on SONA. Good works !! I will put SONA on my watch list too.

connie, by now your TA must be as good as well.

Pathew, everyone here is learning. TA is still only a guide, I used it only for entry and exit.

Happy Trading...