Sis Metta, just to tell you i started to clear ULICORP to protect my capital, i had sold of my shares at $1.05 taking a small loss..

Happy Trading..

Acevent, welcome to this thread. Chart for:

PASDEC—very bullish after break out from the Rectangle Trading of $0.355 to $0.47 on 10/01/14. It is moving to its target of $0.575 (previous high formed on Nov 2010) which it MUST take out to further upward movement. A break above this level will take it into uncharted territory to estimate Target of $0.65 with strong resistance at $0.60 (Round number resistance or what we call invisible resistance). Any weakness may find immediate support at $0.545/$0.54 (Gap Support) and $0.53, strong support is at $0.50. Exit if $0.46 is violated.

Happy Trading..

profitMan, congratulation on your winning on Mpay. A good traders always lock in profits when opportunity arises.

Stock operator, are you highlighting EITA to us? Anything about this stock?

Happy Trading..

Jacky187, after you asked about Maybulk it is on my watch list, it achieved my estimated TP1 of $2.20 ($2.19 is close enough, normally anything between 0--5% is considered good in the chart, can never be 100% accurate). To look for immediate support it is at $2.09/$2.04 (yesterday low and day earlier low of $2.04). Today it tested $2.09 but whether can hold or not yet to be proven. I may start to collect during this consolidation.Very strong support is at $1.96( Resistance turns support).

Happy Trading..

P/s Hevea is trying to break above $1.20.

17th Feb 14—Weekly Summary

1) BORNEO OIL-- AV Price=$0.66 (Closing=$0.675, P&L=+2.27%), Stop Loss=$0.615. Risk= -6.8 %. Tp1=$0.745, TP2=$0.83. (Exp Trading Range $0.655 to $0.695 ).
Note: The upward movement is still intact, but the momentum has slowed down, any consolidation may find support at $0.66/$0.655 9 may accumulate more shares if it holds). A break above $0.695 will resumes its upward movement to strong resistance at $0.73 and my Tp1 of $0.745 .

2)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.

3) MUHIBAH--- Av Price=$2.29 ( Closing=$2.55, P&L= +11.3 %), Trailing stop( 2)=$2.48. Risk= 0%. Tp1=2.39, TP 2=2.48/$2.53, TP3= $2.63(Exp Trading Range $2.49 to $2.60 ).
Note: Muhibah hit my second TP of $2.53 and is moving towards my TP3=$2.63( Previous High). A break above this strong resistance will take it to the uncharted territory.3 white candles for the past 3 days imply bullish uptrend should continue. Any weakness may find support at $2.49, I have also increased my Trailing Stop at $2.48 to protect my profits. Also, I may clear if can't break above $2.63 soon to lock in my profits.

4) PJ DEV— AV Price=$1.45 (Closing=$1.49, P&L=+2.7%), Stop Loss=$1.36. Risk= -7.35 %. Tp1=$1.52, TP 2=$1.64. (Exp Trading Range $1.46 to $1.56).
NOTE: 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 opportunity to accumulate for future play.

5) TAS-- Av Price=$1.23( Closing=$1.22, P&L= -0.8%), Stop Loss=$1.13. Risk= 8%. Tp1=$1.20. TP 2=1.27/$1.32. (Exp. Trading Range $1.17 to $1.27).
NOTE: Still trapped inside the Rectangle trading of $1.13 to $1.32.A break above $1.23 will take it to the next resistance at $1.27/$1.32 (previous high). Unless $1.32 can be taken out with volume it may still trap in this sideways movement. I may clear this stock on any upward opportunity to protect my capital.

6) ULICORP— AV Price=$1.06 (Closing=$1.07, P&L=+0.9%), Stop Loss=$0.98. Risk= -7.5 %. Tp1=$1.08, TP 2=$1.19. (Exp Trading Range $1.03 to $1.12).
NOTE: Yet to break out from the Descending Triangle, which has a bearish implication unless it could breakout from the triangle at $1.10 with volume. The upward momentum has slowed down lately, it may re test its immediate support of $1.05/$1.03. I may also cleared this counter on any upward movement to protect my capital.

I am monitoring HEVEA and ENGTEX…( I started to collect some last Friday).

Happy Trading and Good Night..

P/s Pathew, nice to hear from you.Still holding on E&O kah? I think you know I used to trade on this counter as well.

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.

PPHB—Very bullish after breaking out from the Ascending triangle at $0.67.It has an estimated target of Tp1=$0.78 ,Tp2= $0.90 and estimated Final target of $0.98/$1.00.It hit (almost) the first target at $0.77 last Friday but formed an inverted hammer indicates some consolidation may be on the way. Any pull back may find support at $0.725/$0.70 which offer opportunity to collect for future play.A break above $0.77 will take it to the uncharted territory to the targets I mentioned.Exit if $0.65 is violated.

Thanks for sharing, I will put PPHB in my watch list.

novice8, you are welcome! Scomi does look good..Thanks for sharing.

tonylim, i am not too sure about walking shoe, i think something comfortable is important. If running, i kind of like Brook"s.GUh did break out from the Sysmetrical Triangle but whether it could go to my targets yet to be seen..

saturn, i am not sure who you refer to superman, i dont think he is in this thread.Even so i am not worry as long as he likes to trade and talk about stocks..

Happy Trading..

tonylim, now i am confused. novice8 wanted me to help in chart reading for Scomies right? Sorry if i misinterpret your intention about crystal ball..I thought you are are referring to fortune teller using crystal ball..
I welcome everyone in this thread as long as they are talking about stocks and helping others out..

Saturn you are welcome to this thread too..

Happy Trading..

tonylim,haha, i do wish i have a crystal ball to tell the future for the stocks but i dont. I just interpret what the chart said and as i always say it is NOT 100% accurate.

Have a nice weekend.

novice 8

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.

Have a nice weekend..

stockwatch, do let me know if you need help on the discount for Brook"s shoe at the Curve.

Thanks for sharing your thought on the stock market due to low fixed deposit returns..

Have a nice weekend !

sephiroth, look like 2014 is good to you too. I am very happy for you. i am happy Muhibah slowly climbing up to my next target.

Stockwatch, TA is a learning curve for everyone. I am learning too.
I have tried many shoes from Nike, Adidas,NB now my fav is Brook and Saucony. My son is flat foot but he is ok with Brooks. Remember they gave 30% discount to members and sometime public..The Brook" store in Curve i know them quite well to help you to get the discount.

I just came back collecting my Race kit for this Sunday run at Titiwangsa (Galaxy run), quite frustrating they never informed me they have changed to new place to collect. Imagine i drove all the way to Taman Melati and need to turn back to PJ to collect. I will be running Brook"s 1/2 Marathon in March then Bangkok and Taipei full Marathons this years.

workworkwork, thanks for sharing MKH..

Have a great weekend...

sephiroth, congratulation to you on your PJDev..

I havent sold yet to see whether it could stay above $1.50 today..May scale in if can stay above 41.50..

Need to go now..

Happy trading..

sephiroth, I went in PJDev again today when break above $1.44..

Now it needs to clear previous high of $1.50.

Thanks for sharing this counter with me, this is my 3rd times in PJDev ..

Happy Trading..

workworkwork,TA is only a guide, we interpret what the charts said, but can never predict how high or how long it will go.You can use a indicator and it says BUY and I can show you few actually say SELL. So a plan is the MOST important trading tool to make $$$ in the market. Like Asiapac once you know what you want to do ( Your Plan), just carried it up and leave Fear, Greed and Hope behind. That”s say you sell and it starts to go up,let it be you can always buy back if it is still promising.
Trading is Fun, we have the best life in the world and we are our own boss. Just learn to get rid of our biggest enemy:EMOTION (Greed,Fear and Hope).

Stockwatch, first I must congratulate you that you can spot a Double Bottom Pattern on Caring from RSI chart ( not shown on Price chart), your TA reading is impressive.
CARING—It broke below its uptrend line on 27/01 and hit a low of $1.95. It rebound from $1.95 buy yet to be able to close above the uptrend line in the last few attempts. Any further rebound may still find st resistance at $2.16/$2.18 & Strong resistance at $2.22/$2.25. Supports adjust to $2.06/$2.00, Exit if $1.95 is violated.
Since you are good at RSI, I would like to share some notes on RSI with you. You are right the RSI did hook up and formed a Double Bottom pattern, but if you look closely the value formed yesterday (Closed at $2.12) is lesser than 07/02 when it closed at $2.10, showing some weak undertone. Hope this note is helpful in your future reading on RSI chart.

Novice8, you are welcome, hope you can do well in the stock market in the future.

whizzkid125. Welcome and thanks for sharing the link. It would be better if the link is about stocks in the future.

Happy Trading..

14th Feb 14

MUHIBAH--- Av Price=$2.29 ( Closing=$2.49, P&L= +8.7 %), Trailing stop=$2.39. Risk= 0%. Tp1=2.39,TP 2=2.48/$2.53,TP3= $2.63 . (Exp Trading Range $2.45 to $2.57 ).
Note: Muhibah hit my TP2 of $2.47/$2.53 which I cleared 50% of my holding, locking in an average of 9% profits. I have increased my trailing stop from $2.30 to $2.39 to protect my profits. More upward movement to its next target $2.57/$2.63 can be expected.

GUH---Breakout from the symmetrical triangle today with a “rising window” with volume, but closed with” inverted hammer “ inside the triangle. It needs to break and stay above $1.19 to confirm the validity of the breakout.

I am monitoring PBA, ENGTEX, MAYBULK,HEVEA and PERDANA.

Happy trading and Good Night…


workworkwork, welcome to this thread & as I always say, we are here to help each other.. I am still holding my Borneo Oil as in my earlier post:
BORNEO OIL-- AV Price=$0.66 (Closing=$0.69 ( Today close at $0.66), P&L=+0 %), Stop Loss=$0.615. Risk= -6.8 %. Tp1=$0.745, TP2=$0.83. (Exp Trading Range $0.66 to $0.745 ).
My Stop Loss level is at $0.615 taking a 6.8% risk. Everyone trades differently, for the longer term the stop loss is $0.58 if violated but I am a position trader and I try to keep my losses below 7% if possible.Sometime the lower risk I am willing to take shake me out from a winning positions, but it is part of the trade.

I did the analyse for ASIAPAC few days ago, this is my observation:

# 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.”

So if you want to trade Asiapac you have 3 choices here:

a) Buy when it breaks $0.23 with volume, but set a stop loss 2 ticks below $0.23 just in case it is a Bull Trap.
b) Buy near support of $0.215/$00.20 but willing to take the loss if $0.18 is violated.
c) If you already in Asiapac you may want to tighten your exit level to protect your capital or profits if $0.23 cannot be taken out.

Novice8, selling is the most difficult part in trading. I used to be like many other traders, sold too early and holding on losers too long. You need to do the reverse, lose little and win big, then you can survive and make $$$ in the stock market. I would like to share my trading experience with you:
a) When enter a trade first analyse your risk that you are willing to part with your money when the trade is against you. What we call a Stop Loss, when the trade hit your stop loss first you observe the volume, if it is a small volume most likely it belong to those weak holders you can ignore those signals. But if it hits with bigger volumes just take your losses and move on. That is what we call take your losses early. (You may be surprise this is the hardest part in trading because we can”t believe we are wrong after entering a trade and the EGO factor comes in).
b) When you are on a winning trade like MUHIBAH, set your Trading stop, the first trailing stop after a stock move to your expectation is to protect your CAPITAL. If the stock keeps moving up, you adjust your trailing stop higher to protect your profits.( To protect your profits is the most important part of trading, you dont want a winning trade become a losing trade because it affect your moral and confident to trade in the market).

John_Revolver, thanks and welcome to this thread. Please share with us your thought on any stocks as we are here to help each others.

Tiongms, you are welcomed. But remember chart is only a guide important is to set your own trading plan for MFCB.

Lisee, welcome. The Chart reading for :

DESTINI---Very Bullish and on stage 2 of the cycle. It hit high of $0.605 2 days ago, but formed a “Dark Cloud” imply some pullback is on the way which it did. 3 black candles for the past 3 days indicates the bearish undertone,any further consolidation may find support at $0.52/$0.50 and offer opportunity to buy for future play.Exit if $0.465 is violated. Thanks, I may put Destini on my watch list, and may enter if support of $0.50 holds.

Bliss, you did the right thing because it is never wrong to lock in profits first.

Happy Trading…

bliss, good call on PNEPCO..
Enjoy your profits..

oops..time for dinner with my darling wife..

Happy trading...

Bliss, you are on the roll..So happy for you.Remember to set a trailing stop to protect your profits.

novice8, thanks. Are you in Muhibah as well?

Happy Trading..

Congratulation Bliss,Break above $0.615 now in uncharted territory...

I cleared another 20% of MUHIBAH at $2.53 (My TP2) to lock in more profits..

Happy Trading..

tiongms, the chart reading for:

MFCB---This counter was on my watch list earlier. It hits the high of $2.48 on 08/01 and start to consolidate and I was thinking of buying around $2.20/$2.15. But both of support were violated and I am sure most of the traders were shaken out during the big pullback (Also shows undertone weakness). It may have found the new base at $2.13/$2.10 and start its technical rebound, but the ability to clear previous high of $2.48 is in doubt due to the previous big pullback. Most likely to start stage 3 of the cycle(Distribution and Prices can be volatile) unless it could clear $2.48 to carry on its stage 2 of the cycle.Exit if $2.10 is violated.

Muhammad, i do not trade penny stocks so really can"t help you here. Any forumers here would like to recommend some penny stocks for Muhammad.

sephiroth, ya, you are right.

GUH—As suggested,breakout from the symmetrical triangle and carry target of $1.27/$1.27. Immediate resistance is at $1.12/$1.15.

Happy Trading

13th FEB 2014

MUHIBAH hit my TP2 today at $2.48 which I cleared 30% of my share to lock in 8.3% of the profits. Upward momentum is intact and it is expected to break above $2.48 to next Resistance of $2.53 and TP of $2.63.

I also cleared the other 50% of BREM at $2.20 to lock in more than 12% of profits.

I am monitoring:

ENGTEX—May start to collect at this level if $1.70 is not violated.

HEVEA---Can it break above its Double bottom formation by closing above $1.20, Price and RSI had formed a Bullish Divergence and a break above $1.21 will take it to its next target of $1.40.

ULICORP—If break $1.10 may try $1.16/$1.19. I may raise my Stop Loss level soon to protect my capitals.

DSONIC--- to consolidate towards $2.37? Any weakness offers opportunity to buy.

MAYBULK—Break out today with volume, any consolidation towards $1.97 offer opportunity to buy.( Thanks to jacky187 Maybulk is in my watch list now)

PBA---any more consolidation offer buying opportunity.

Happy trading and Good Night..

P/S: Greenday, thanks for the kind words. Instead of SKYRES, monitor Borneo Oil and those stocks I mentioned above.

Bliss, charts for:

1) PNEPCB—After breaking out from $0.45 (It starts stage 2 of the cycle, which is very bullish) it hit a high of $0.615.The consolidation looks over after it hits the low of $0.49. Now it is trying to re test its previous high of $0.615/$0.62(High form on 28/02/2011, 3 years ago).Unless this level is taken out it may has the same fate like 3 years ago when it started to retreat from the high. Exit if $0.49 is violated.

2) TGOFF—Very Bearish after breaking down from $0.615 on 24/01 and hit a low of $0.57. It is now trying to climb above $0.615(Support turns Resistance).A break above $0.62 signal Buy and may find next strong resistance at $0.66/$0.67. Exit if $0.57 is violated.

3) GENM—It is still under consolidation and trade below the downtrend line,it hit a new low of $4.19 but holding well. The upward momentum has increased and it is expected test its next strong resistance at $4.36. A break above its downtrend line of $4.36 to move higher. A break above this level may take it to next resistance of $4.48 and $4.55. Exit if $4.19 is violated.

Greenday, I am not sure whether SKYRES is a good counter to invest or not, by the way who is Mr Gan? Chartwise it is still in stage 4 of the cycle and avoid this counter.If break below $0.31 hell run lose. Are you trying to bottom fishing? If so remember to set a Stop Loss below $0.31..

Happy Trading…

Steffie, welcome to this thread.

Frontkn—It ended stage 4 of the cycle at $0.065. It breakout from $0.95 2 days ago and achieved its immediate target of $0.12 today. It is now in stage 2 of the cycle, which is very bullish, if break $0.12 the next strong resistance is at $0.145. The problem with this stock is it has lots of overhang to clear,a further rebound will invite traders that was caught to reduce their losses. Unless it could clear $0.145 with volume, the upside movement could be limited.

Thanks profitMan, your posting helps too..

Bliss, just got back from KL, will look into your requests later on..

Happy trading..

Jacky187,Thanks. Hope you are doing well as well.

MAYBULK—Breakout from the “Cup and Handle” pattern at $1.96, very Bullish and has an estimated target of $2.20 and final Target of $2.58.You are right immediate support is at $1.96/$1.92( Resistance turns support).exit if $1.84 is violated. Thanks for sharing this counter I will put it on my watch list too. You are on a winner, no doubt.

Happy trading..

Taurausgal82,
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.

profitMan, thanks for highlighting MPAY, appreciate it, your TA analysis is very impressive. I will put the counter in my Watchlist..

Connie, thanks and it is always nice to hear from you. I hope with your new TA knowledge you are doing well at KLSE too..

Jonnycash, thanks for sharing the link. Interesting, but still need to be cautious.

ULICORP break out with a Big gap may invites sellers, still the volumes still not convincing enough..
HEVEA, trying to break out from the Double Bottom formation..

Happy trading…

12th FEB 2014

BORNEO OIL-- AV Price=$0.66 (Closing=$0.69, P&L=+4.5 %), Stop Loss=$0.615. Risk= -6.8 %. Tp1=$0.745, TP2=$0.83. (Exp Trading Range $0.665 to $0.745 ).
Note: It issued a BUY signal 2 days ago when break above $0.645 which I started to collect. Today I scale in more shares and now my Av is $0.66.The upward momentum has increased it is expected to test its immediate resistance at $0.705/$0.73 and very strong resistance at $0.745. A breach above this level will take it to previous high of $0.83. On the weekly chart it breaks out from the “Cup and Handle pattern” that give an estimated target of $0.94 in the medium term.

BREM formed an Inverted Hammer on top today indicates bull may be losing momentum, also RSI and Price start to form Bearish Divergence indicates weaker undertones. Unless it could break above $2.24 I will clear my remaining 50% soon to lock in my profits.

Today I cleared my PERISAI at $1.69 given me a 5% profit, it does not look likeable to break $1.73 at the moment.

So far in the month of February I have closed 3 trades namely 50% of BREM (12.2% profits), HEVEA( 9% profits) and PERISAI( 5% profits) and each of them are profit making. Quite happy with the beginning of February 2014.

I am monitoring PBA, ENGTEX and HEVEA for reentry.

Happy Trading & Good Night..…

Vivi Yap, I thought I did the analysis of PADINI for you earlier. Are you bottom fishing this stock? If so, remember to set the exit if $1.58 is violated. Now like many stocks it is on technical rebound, even if it breaks $1.65 should find resistance at $1.68/$1.71. Unless it can break above $1.74 (Downtrend line) any further rebound will invite sellers that were caught earlier selling to reduce their losses.

Novice8, you are welcome.

Happy trading…

profitMan, ya, I am definitely trying to re enter ENGTEX again. You are right the next important support is at $1.65, so if you are buying at the present level, it is a very low risk Buy if you are willing to stop loss if $1.61 is violated. It is expected to trade sideways and the support of $1.65 has been tested four times and can be considered a very strong support. If not you may want to wait when it break above $1.79 which is signal BUY.

Yoda88, ULICORP is forming Descending Triangle, which is normally bearish implication unless it could break out from the triangle with volume.The reason I trade this counter is because technically it should break out from the triangle and also the neckline of $1.00 is obvious, so I know exactly where to Stop Loss. The upward momentum has increased but it still need volume to break out from the Triangle. I may clear if it can't break out this time to protect my capitals.

Tiongms, you are welcome, we are here to help each other out..

Happy Trading…

tonylim, thanks for sharing your thought on FPI.
tiongms, hope you find comment useful.

Happy Trading..

Tiongms,

FPI—Breakout from the “Inverted Head and Shoulder” pattern on the weekly chart(Bullish Pattern) which carry an estimated target of $0.99/$1.00 on the medium term. Today gap up with very large volume(Buying frenzy) and hit high of $0.90 which invited profit taking and the gap of $0.83/$0.82 should provide a good support and strong support at $0.80/$0.79.Any further consolidation toward support provide buying opportunity for future play. Exit if $0.765 is violated.

Happy Trading…

Borneo Oil start to rebound further after the consolidation..

Happy Trading..

11th FEB 2014
As mentioned in my earlier post I collected KSL at $2.28 to $2.30 levels.

KSL-- AV Price=$2.29 (Closing=$2.35, P&L=+2.6 %), Stop Loss=$2.18. Risk= 4.8 %. Tp1=$2.45, TP2=$2.53. (Exp Trading Range $2.28 to $2.40).
Note: Consolidation look over for KSL after finding a new base at $2.18. The short term upward momentum and movement is obvious and it is expected to test its next resistance at $2.43/$2.45. Any weakness will find support at $2.30/$2.28 and offer opportunity to collect for future play. Exit if $2.18 is violated.

I am collecting Bornoil as consolidation look over after finding new low of $0.58.Chart shows strong undertone strength and some accumulation of the stock is evident. I am also monitoring ENGTEX.

Novie 8, OKA---Sideways consolidation of Rectangle trading between $1.03 to $1.16.The upward momentum has increased it is expected to test ite immediate resistance at $1.16/$1.18. A break above $1.18 with volume signal breakout ( BUY) and has an immediate target of $1.30. Any weakness will find support at $1.06 and strong support at $1.03/$1.02. Exit if $1.00 is violated.

Yoda88, you are quite right Hiapteck is also a sideways Rectangle Trading of $0.70 to $0.76. A break above $0.76 with volumes will take it to its immediate target of $0.83. Exit if $0.70 is violated.

Happy Trading…

chrisgeorgeis and yoda88, you are welcomed.

Yoda, congratulation on your Menang..Breakout already..

Happy Trading..

chrisgeorgeis,

INSAS---I have done the analysis for Insas earlier and warned that if $0.86 is broken it should move to $0.765 and it did. The consolidation looks over after finding a new base at $0.765 (the same low formed on 07/11). It is expected to move higher to next strong resistance at $0.90 (The downtrend line), if break with volumes INSAS should be moving back to its previous high of $0.985.Immediate support is adjusted to $0.83. Exit if $0.765 is violated.

GUH is trying to break above $1.06...If so next resistance is at $1.09/$1.12..

Need to go now, attending a wedding ceremony in church..

Happy Trading...

Thanks Ayam Tua for sharing..

Forget to mentioned last night that i am collecting KSL..Consolidation looks over after finding new bottoms at $2.18.

Happy Trading...

Weekly Summary---10th FEB 14

1) GUH-- AV Price=$1. 06 (Closing=$1.02, P&L=-3.8 %), Stop Loss=$0.99. Risk= -6.6 %. Tp1=$1.12/$1.14. (Exp Trading Range $0.99 to $1.06).
Note : Still trapped inside the Bullish Flag pattern, it needs to break out from $1.06 with volume from the downtrend line to continue upward movement. GUH has been trapped in the channel for the past 16 sessions, and a breakout looks inevitable. A break above $1.06 will test my TP1 of $1.12, a break above $1.12 signal BUY with the final TP estimated as $1.25.

2) MUHIBAH--- Av Price=$2.29 ( Closing=$2.42, P&L= +5.7 %), Trailing stop=$2.30. Risk= 0%. Tp1=2.39, TP 2=2.48/$2.53. (Exp Trading Range $2.35 to $2.47 ).
Note: Muhibah hit my first TP of $2.39, yesterday it closed with a spinning top indicating some weakness. Still the upward momentum is intact,If break above $2.43( Also signal for scale in more shares) to move higher to my next TP of $2.47/$2.53. Immediate support is adjusted to $2.30. I have also set my Trailing Stop at $2.30 to protect my capital. Also, I may clear if can't break above $2.47 to lock in my profits.

3) PERISAI---Av Price=$1.61 ( Closing=$1.70, P&L= +5.6 %), Stop loss (2)=$1.57. Risk= -2.5%. Tp1=$1.66, TP 2=1.73, TP3=$1.80 (Exp Trading Range $1.65 to $1.73).
Note :It hits my TP1 of $1.66 and is moving to my next TP of $1.73( Previous High).A break above $1.73 with volumes will take it into the uncharted territory to my next estimated TP of $1.80/$1.90,even though the upward momentum is intact but Price and RSI start to show Bearish Divergence indicates some undertone weakness .Immediate support adjusts to $1.65/$1.64. I have increased my stop Loss to 1.57 (If violated) to reduce my risk. Also, I may clear to lock in profits if $1.73 could not be taken out.

4) TAS-- Av Price=$1.23( Closing=$1.20, P&L= -2.5 %), Stop Loss=$1.13. Risk= 8%. Tp1=$1.20. TP 2=1.27. (Exp. Trading Range $1.17 to $1.27).
NOTE: Break out from the Bullish Flag pattern without volumes and lack convincing. Still the upward momentum is intact and further upward movement to its immediate resistance of $1.27/$1.29 can be expected. A confirm breakout of the Pole and bullish flag pattern will give TAS an estimated TP of $1.50.Any consolidation should find support at $1.15/$1.13.

5) ULICORP— AV Price=$1.06(Closing=$1.04, P&L=-2 %), Stop Loss=$0.98. Risk= -7.5 %. Tp1=$1.08, TP 2=$1.19. (Exp Trading Range $1.00 to $1.08).
NOTE: It is forming a Descending Triangle ,which has a bearish implication unless it could breakout from the triangle at $1.08 with volume.The chances of breakout look promising after the neck line support of $0.99 has been tested a few times and able to hold . But a break below $0.99 spell trouble and I will take my losses.

I still hold 50% of BREM, if support of $2.15 holds I may add in more shares as the momentum of upward movement is still intact. If break above $2.36 (Signal Buy) the counter should move to the next TP of $2.45. I will clear all, if $2.15 is violated.

I am monitoring Monitor ENGTEX and ALAM

Happy Trading…

Dear Yoda88

MENANG---May had found a new base at $0.61. It rebounded on many occasions when touch a low of $0.61.The upward momentum is obvious,so morel rebound could be expected towards resistance of $0.68/$0.69. Unless it could break above $0.69 with volumes(signal BUY and to carry on stage 2 of the cycle), it is at stage 3 of the cycle that is what we call Distribution stage(Price can be volatile) it is expected to trade inside rectangle trading of $0.61 to $0.69. A first sign of weakness if $0.61 is violated and next support is at $0.595. Exit if $0.555 is violated that means it is heading to stage 4 of the cycle which is to be avoided.

Happy Trading..

Sis Metta,

Ya i am in Ulicorp, still trading in the downtrend channel. Will definitely give you a shout if it reach the stop loss level or breakout…

Have a nice weekend !

Wow Sis Metta, what a nice surprise !! Are you still trading in the market??

Happy trading..

Novice8, I had read Huayang charts many times, I think lots of traders are caught in this counter because they did not take the losses early. I took my losses earlier last year at about $2 plus.

HUAYANG—Very Bearish,stage 4 of the cycle could be over if support of $1.75/$1.74 holds.Like many stocks it is on technical rebound. If that supports holds, it could start stage 1 cycle, which we refer to Accumulation Stage. The trading range is expected to be $1.74 to $1.88. If you are thinking of bottom fishing do set the exit if $1.74 is violated. Traders like us will avoid counter like Huayang.

KKB—Break down from the Descending Triangle on 15/1 and the downward target price is $2.35 from the calculation. It came down to $2.40 and like many stocks are having technical rebound.Any rebound should find resistance at $2.50 and very strong resistance at $2.59( The break down line of support turns resistance).

PERISAI needs to clear its previous high of $1.73 to my next TP.

Happy Trading..

Tonylim, ya not too bad for 2014, January first half was good too bad before CNY need to close a few losing positions. February started quite well by closing Brem (Left with 50% shares) and today Hevea. Hope you are doing well in the market too.

Chrisgeorgeis, Hevea maybe not ready to break $1.20 this round, but the recent rebound has improved its landscape. I may re enter when consolidation over.

Happy Trading..

chrisgeorgeis, you did the right thing to lock in profits. In trading the most difficult part is the Selling part, I am happy for you. I also cleared most of my Hevea at $1.17/$1.16 to lock in my profits too. Does not look like it can penetrate $1.20 soon.

I am slowly accumulating KSL.

Happy trading

chrisgeorgeis, thanks for the kind words. We are here to help each other out.

Congratulation on your winning on Hevea, i am still holding mine. May clear if $1.20 could not be taken out soon.

Happy trading..

Chrisgeorgeis, welcome to this thread.

I used to trade on GHLSYS too, but it hit my Stop Loss level last month ,so I am out of the stock.

Like most of the stock it is doing technical rebound. The short term upward momentum has increased,any further upward movement should meet its strong resistance at $0.80/$0.81.( The Downtrend resistance line). A break above this level with volume signal break out and counter will turn bullish. Immediate support adjusts to $0.72 and strong support at $0.675. Exit if $0.665 is violated.

Happy trading..

7th FEB 2014

# February started well with the first trade clocking over 12% profits, trade well and the $$$ will follow #

1) HEVEA -- AV Price=$1.07 after scale in (Closing=$1.16, P&L=+10.5 %), Stop Loss=$1.00. Risk= -7.0%. Tp1=$1.20, TP2=$1.40. (Exp Trading Range $1.10 to $1.20).
Note: I Scale in another 50% of Hevea when it broke above $1.10, now my Av cost has increased to $1.07. It is moving to my first target of $1.20(Dark cloud formed on 23/01) which is also the neckline for the double bottom breakout. If break above $1.20 with volume( I may scale in more shares) Hevea has a TP of $1.40. My risk has increased to 7% as I have not set my trailing stop to protect my profits yet. I may also clear if it can”t clear the resistance of $1.20 to lock in profits first.

2) TAS-- Av Price=$1.23( Closing=$1.20, P&L= -2.4 %), Stop Loss=$1.13. Risk= 8%. Tp1=$1.20. TP 2=1.26/$1.32. (Exp. Trading Range $1.13 to $1.20).
NOTE: As suggested it rebounded after RSI and price formed Bullish Divergence for the past few days. It hit my TP1 of $1.20, a break above $1.20 with volume will take it to my Tp2 of $1.27/$1.32.The final target is estimated at $1.40.

BREM hit my TP2 of $2.20 today ,which I cleared 50% of my holding to lock in my profits, very happy with the returns of 12.2% over a 2 day period. The remaining 50% I may clear if it can’t break above $2.22 soon.

ULICORP consolidation looks over,may try to break out from its downtrend channel soon, if break above $1.08 with volume I may scale in more shares.

I am monitoring FRB & KSL…

Happy trading...

Novice8, TAS has shown Bullish Divergence past few days, that means accumulation is going on. I am not surprised it is challenging $1.20 today.If break above $1.20 should try next resistance at $1.26/$1.32(Previous High).

As mentioned earlier HEVEA should try its immediate resistance at $1.16 and strong resistance at $1.20.

Happy Trading

Bliss, you are most welcome. Remember TA can only use as a guide only..

Happy Trading..

bliss, welcome to this thread.

PWORTH—Stage 1 of the cycle or what we call accumulation stage. Rectangle trading between $0.225 to $0.275. If $0.225 is violated next strong support is at $0.21. Traders like us normally would not participate in stage 1 but if break above $0.275 with volumes, it may start its stage 2 of the cycle with the immediate target of $0.325/$0.34.

DSONIC—Very Bullish and uptrend is very much intact. It is expected to re test its immediate resistance at $2.37/$2.41. If break above with volume it has a TP of $2.74. Any consolidation should find support at $2.11/$2.08, very strong support is pegged at $2.00. For short term trader exit if $2.00 is violated.

EWEIN—Briefing violated the important support of $0.985 to set a new low of $0.97. The violation of the support happened at very low volume so not to be over concerned. Rectangle trading between $0.985 to $1.12. It is at stage 3 of the cycle or what we call Distribution stage (Prices can be volatile at times). The downward momentum has slowed down so any rebound should find resistances at $1.08/$1.12.A break above $1.12 will find strong resistance at $1.20, a break below $0.985/$0.97 with volume signal beginning of stage 4 cycle, exit to limit your losses.

novice8, that is the right thing to do. We make our own decision. I wish you to be a consistent successful trader in your trading. No matter how good you are, remember that once a while we do get into a hole.

Happy Trading..

Novice8, if you are buying those stocks I am buying, please have the discipline to take losses when the trade turns against us.

HEVEA should find immediate resistance at $1.16,strong resistance at $1.20 ( Neckline for double bottoms formation), if break above the next TP=$1.40 by calculation.

GUH—It is still trapped inside the Bullish Flag formation, a break above $1.07/8 signal breakout. I cannot advise whether you can buy or not, you need to make that important decision yourself, don’t ever let anyone tell you when to buy and sell. As I mentioned in my earlier post, you want to be your own pilot if the plane is going to crash, traders life is we don’t answer to anyone. We are our own Boss !!

Happy Trading..

air01557, welcome to this thread.

TADMAX—Very Bullish after breaking out from $0.41 and is at satge 2 of the cycle. It is testing its strong resistance at $0.565. A breach above this level may take it to its immediate target of $0.61 and the next top of $0.66.The only problem with this stock is it has lots of overhang to clear from buyers that were caught last year when it was trading at $0.70 to $0.85 level. Some of these “involuntary investors” will try to clear their positions to reduce the losses to limit its uptrend movement. Upward momentum has slowed down any consolidation may find support at $0.51 and strong support at $0.48/$0.45.

SOLUTN—Very Bullish after breaking out from $0.35 and is at stage 2 of the cycle. It is on uncharted territory and hit its immediate target of $0.42 today. Separating Line occurred yesterday with a Big white candle imply bullish uptrend should continue.Any consolidation offer opportunity to collect for future play. Immediate support adjusts to $0.39/$0.37, very strong support at $0.35.Exit if $0.35 is violated.

novice8, TAS immediate resistance is at $1.20, good luck.

HEVEA is moving towards my Tp1 of $1.20, immediate resistance is at $1.16.

Happy Trading...