Inwest88 glad that you also like the same restaurant, in Chinese cuisine the Cantonese and Teochew foods are my Favourite.

CityTrader,Htyeap,connie9170 & choolooi, thanks for the inputs. Ya, I just wish those that read this thread do not make those mistakes I did before.

Connie9170, my team did win 3-1 last night. Glory Glory United…

Have a nice weekend !!

Twobits—You are not wrong in your reading on Pelikan. I will update the counter tomorrow as I am still holding mine.

Inwest88- You are right $2.47 is the” Doji “ formed 2 days ago if break may scale higher.

Sephiroth—FL Bhd is at stage 2 of the cycle which is very bullish.( It breakout from the round bottom at $0.80 on weekly chart that has a TP of $1.06) Like you said the volume is so low it is very hard for traders like me. It may still scale higher to $0.94 but a correction is a most likely scenario. Immediate support is at $.83/$.80. Exit if $0.76 is violated.

CityTrader, jennylee, thanks for your comments. As I say, hi tea or dinner no problem with me.

ooi1955, it is very nice to have a good neighbor around us.

Choolooi—Congratulation, you make $$ again on Censof.

I would like to share my trading plan for CENSOF with you since you introduced the stock to me:
1) First I look at the chart and it is an uptrend counter, meaning Higher High and Higher Low.
2) Then I identify the Exit point which was at $0.54 during that time, today it is at $0.55 (Higher Low).Then I look at the possible returns in short term, which is $0.645.
3) By entering at $0.58 my risk is 4 cents and my first target is 6.5 cents up. Risk ratio of 1.6:1. As a trader I would take risk once it is larger than 1:1.5 (Of course preferable 1:2 or 1:3), so I enter the trade. Today the cut off level is $0.55 which put my risk to 3 cents, now my Risk Ratio is 1:2.1 which I am very comfortable with.
4) Now I am into the mode of profits taking or protecting my capital. If it hits target of $0.645 then everything work out as plan, Bingo right? Now what happen if it never hit $0.645?
This is what I do: a) My original risk is 4 cents so if it hits $0.62 (which is also a 4 cents gains) I may lock in part of the profits. Or I may set my Trailing Stop higher to protect my profits or capitals.

That is what I meant when you trade you must have a Plan and execute it, as a traders we must learn to protect our capitals and take losses when it hit our exit point. Our ratio of losing and winning must be greater than 1.5 or 2 so in a long run we will make gains more than our losses. I can assure you no matter how good you are to choose stocks you will find losers on the way, lots of traders will end up to be the involuntary investors. Look at your portfolio, I am sure the stocks you are still holding are the one with losses.(Trader point of views,I am not talking about long term investment). Where are all the winning stocks?? You had sold them, right?

Oh time to get ready for tonight dinner at Elegent Inn, with a nice bottle of Red. After dinner is my EPL time…Have a nice weekend Bro and Sis.…

jennylee, ya you are right STAR breakout from $2.50 today, may start stage2 of the cycle. Thanks for sharing…
HapSeng is on my radar too, chartwise look like consolidation is over and if break $1.47 (Doji formed 2 days ago) it should carry on its upward movement.

ProfitMan thanks..Oct was a good month to me too, with Wports IPO and I closed 10 trades 6 making and 4 losing.

HAPPY TRADING…

connie9170, thanks..Not a bad day for me with UMWOG sold this morning. Enter TAS for a quick trade, if cant break $1.26 may lock in for a day trade...
Perisai is into my radar and may start stage 2 cycle..

Happy Trading..

connie9170,you are very precise in handling your account which is very good. For me since i nowmally trade the mid cap stocks i just use 1-2 cents to cover those charges. Ya, sometimes i am willing to lose those charges if the chart for a particular stock turn very bearish like forming "Engulfing Bear', "Shooting Star" etc..No you are not wrong.

vivi Yap- Tnaks for the info on Kinlun, appreacite it !!

Happy Trading !!

Thanks tigeroar, just cleared my UMWOG..very happy with the IPO..A good begining for NOV 2014..

Happy Trading..

1st NOV

1) AZRB—As suggested it trended lower showing first weakness to break below $1.00 (now turn resistance). It formed a black candle today which is bearish, may try the next support at $0.97/$0.96. Exit if $0.96 is violated. AZRB has turned to a bearish counter, most likely to cut losses on this counter.
2) CENSOF —It tested the support of $0.585 today and manage to hold. Formed a Black candle today which is bearish, it is expected to test support of $0.585/$0.575. Any rebound will find resistance at $0.60/$0.62.Exit if $0.54 is violated.
3) GUNUNG—As suggested after the Dark Cloud formed yesterday it move lower to test support of $0.945/$0.935. Manage to close above $0.94 which is a good sign today, it may still test the gap support in near term but if it holds should move upward to re test resistance of $0.975.( It needs to clear this Dark Cloud to scale higher). Exit if $0.88 is violated
4)MPHBCAP—As suggested MPHDCap trend between $1.66 to $1.73. Today formed a white candle which is bullish, it is expected to re test $1.73 if break through will test previous high of $1.78. Exit if $1.66 is violated.
5) PELIKAN— Formed a Doji today after an Engulfing Bear yesterday which means indecision. if break above $0.69 Pelikan should carry on its upward movement.( I will scale in if break above this level).Set my Stop losses if $0.66 is violated.
Today sold all my ALAM and WEIDA. Now I am monitoring PRTASCO,KIMLUN ,SUPERMX & HAPSENG for trading opportunity.

Happy Trading..

Viviyap—Integrate
Enter satge3 of the cycle unless $2.06 is taken out convincingly. Stage 3 I the distribution stage where the price could be volatile. Yesterday breakout from downtrend line of $1.94 with volumes, immediate resistance is at $2.00 if break will try previous high of $2.06. Immediate support is adjusted to $1.94/$1.92, if break will find strong support at $1.85. For PRTASCO, I had posted earlier that it is trading inside at the Gap support now.

ProfitMan—You are right Daya is at stage 2 of the cycle, congratulation I think you are on a winner.

Bro Htyeap—TA you are right, if break $0.735 with volumes it should carry on its upward movement.

Happy Trading

Thanks to all Brothers and Sisters for all the comments and kind words. Appreciated it !

Since many of you still holding DIgista, this is my reading of the chart:
It is at the stage 1 of the new cycle which is the accumulation stage after completed the earlier cycle on 03/05 finding new bottom at $0.195.Now it is still trending at $0.26 to $0.32. It did a breakout on 23/09 by breaking up above $0.32 signal it is out of stage 1 and that was the time I went in to buy thinking it started stage2 movement. Unfortunately it broke below $0.32 on 27/09 that was the time I took my losses by selling at $0.31. I was caught in the Bull Trap. Unless it breakout from $0.32 and stay above do not foresee any big movement in near term, traders will start to sell near $0.32. Hope this helps.

Tonylim, Tropicana very bearish, I think long time ago sis Metta asked me about this counter when it was trading about &1.80/$1.70 I have told her it is very bearish. Now it is at stage 4 of the cycle and those that keep average down will be caught big times. Any rebound will invite many seller caught earlier.

Jennylee—PRTASCO has the big Gap support of $1.35 to $1.40.Now it is inside the Gap so I may buy around gap price. It gap up on BIG volumes on 24/10 and hit high of $1.45, when it gap up like this means those traders will sell to lock in profits and gap will be closed.(Sometime partial sometime full). Same pattern as Scable yesterday .

HAPPY TRADING…

31st Oct

1) ALAM—Finally it breaks above the neckline of $1.62 and scale to high of $1.66.The only problem with the breakout is lack of volumes hence the validity of the breakout is questionable. It is retesting the resistance turn support neck line level of $1.62. Unless it could break $1.67 with increase volumes expect Alam to trend range bound of $1.56 to $1.66. I have raised my Trailing Stop to $1.60 to protect my profits. (Note: I sold 50% of my holding to lock in profits at $1.65 when it has appears obvious it could not break through $1.67).

2) AZRB—Sideways movement and re tested support of $1.00/$0.995, first sign of weakness if $0.995 is violated. Formed another “Gravestone Doji” today, trend reversal ? It is most likely to trend lower unless it could breaks above $1.03 with volumes signal more upward movement for AZRB. Immediate resistance is at $1.06/$1.10. Exit if $0.96 is violated.

3) CENSOF —Some consolidation and profits taking due to recent run up. Any weakness offer opportunity to accumulate for future play. It is expected to test the next Resistance at $0.62(Reached $0.615 today) with very Strong Resistance at $0.645 & possible target of $0.67. Immediate support is adjusted to $0.585/$0.575. Exit if $0.54 is violated.

4) GUNUNG—Formed a Dark Cloud today which is bearish, may tests the Gap Support of $0.945/$0.935. Failure to close above $0.94 signals Top Reversal and may consolidate towards next support of $0.90. Immediate Resistance is at $0.975/ $1.00. Exit if $0.88 is violated
5)MPHBCAP—Formed another Black Candle but closed above $1.67 indicates it has not formed the Top Reversal yet. It is expect to trend between $1.66 to $1.73.Immediate Resistance is at $1.73/$1.78. Exit if $1.66 is violated.

6) PELIKAN— An Engulfing Bear occur which is very bearish and normally indicates trend reversal. If Pelikan close below $0.67 tomorrow it confirm the trend has shifted from Bull to Bear, Unless it can break above $0.70 it is most likely to re test support of $0.66. Set my Stop losses if $0.66 is violated.

7) WEIDA— Dark Cloud formed today indicates Top Reversal, I sold 60% of my stock at $1.86( to lock in profits) when it broke below my first target of $1.87. Weida is moving downward to support of $1.80/$1.78. A break below $1.78 signal Weida has found its new top of $1.90. I have set my exit level at $1.78 to protect my capitals or sell my remaining 40% at any rebound.
Today is a good day for me to lock in profits on ALAM and WEIDA…I am monitoring PRTASCO and may buy into it if able to sell wither Weida, Gunung or Pelikan tomorrow.

P/S connie9170, you are most welcome. I am happy you are learning the TA now, but remember TA can only be use as an guide only.

Happy Trading..

twobits, no the Neckline for Scable is $1.76 NOT $1.73, i corrected my mistakes earlier.
DIGI was trending between $4.85 to $5.00, breakout yesterday and it is re testing the breakout point of $5.00.

connie9170, i am also holding both counters in MPHBCap and Pelikan..MPHBCap formed Bearish Harami yesterday as long as today it doesnt closed below $1.67 we are ok. Pelikan may try suppport of $0.66..

Happy Trading...

Doremi, welcome to this thread.

ALAM—My entry price for ALAM average at $1.40+ , today it break the neck line of inverted H&S at $1.62 with increase volumes. Now it is re testing the breakout turns support of $1.62. If this support holds it will try next Resistance at $1.67. I locked in some profits at $1.65 today. I will also raise my trailing stop to $1.57 to protect my profits just in case the breakout is premature.

Twobits, a neck line is the support/resistance point formed by a chart patterns like: Double Top/Bottom, Head $ Shoulder/Inv H&S, round bottom etc… for Scable the neck line is at $1.76 for round bottoms if break and stay above it has an estimated target price of $2.00. If it touch $1.76 and retrace it is most likely to form Cup and Handle pattern (Also a Bullish Pattern).

Jennylee, thanks for sharing your stock. I am trading to my Max of 7 stocks now..

Happy Trading..

jennylee1382, ya i remember you did mentioned the stock to me earlier but i did not buy because Scable is still in stage 1 of the new cycle. I am happy you entered at a good price,congratulation.

Thanks

twobits, sorry the breakout point is $1.76 not $1.73 for Scable.

Twobits, a very true scenario that we all traders face, thank to profitman for his input. Hopefully others could also share their experiences on the scenario, to wait or to buy?
Let use Scable that it is about to break $1.73, the following is my opinion and what I would do and it may differ from many of you.

a) Scable is still in stage 1 of a new cycle unless $1.73 is broken convincingly. So I would not take any positions til the breakout is confirmed.
b) Today it “Gap up” with a big gap $1.61-$1.66 if I had bought the stock earlier I would definitely lock in most of my profits if not all. For the past month Scable is trading in the ranges of 5-6 cents per day and a big gap like today screams sell and buy back when it closed the gap.
c) The break out point has not been tested since 27/09 and whether it can do it or not remains to be seen. Also such a big volume today is it a buying frenzy?

Of course this is my opinion only and please don’t take it that you shouldn’t buy. Remember you need to make your own decision in buying and selling.

Happy Trading…

Wat155 welcome to this thread. Do share your thoughts and experiences with us so we can learn together.

ProfitMan—Your reading of Daya chart is as good if not better than mine.
Daya—Break out from the downtrend line (Also Ascending Triangle) with volumes on 17th Oct which is Bullish. Hit the high of $0.37 on 22nd Oct with volumes. It has an immediate target of $0.40/$0.42. Consolidation looks over when it re try its previous high of $0.37 yesterday, but lack of volumes yesterday is a concern whether it could scale higher at this time. Also the “RSI&Prrice “start to show some Divergence indicating weaker undertone.. Unless it can stay above $0.37 convincingly the “Engulfing Bear” formed on 20/08 is still shadowing behind. Exit if $0.325 is violated.

Choolooi, Scale in means Average up NOT Average down.. Choolooi, you still holding Digistar kah? I thought I did mentioned I had cleared all when it broke below the breakout point??

Janicelove, thanks for your comment.

Connie9170—thanks for sharing your counters.

Happy Trading…

30th Oct

1) ALAM—As suggested still in sideways movement of $1.56 to $1.62. Most likely to re-test resistance at $1.62, it needs to break above $1.62 (Neck Line for the inverted H&S) to scale higher. I had further increased my Trailing Stop if $1.55 is violated to protect my capitals plus some profits.

2) AZRB—Sideways movement and re tested support of $1.00/$0.995, first sign of weakness if $0.995 is violated. Formed a “Gravestone Doji” today ,trend reversal ? It is forming “ Bullish Flag “ pattern and the breakout point is adjusted to $1.03, a break above this level with volumes signal more upward movement for AZRB. Immediate resistance at $1.06/$1.10.If it breaks above $1.14 with volumes it completed its Cup and Handle pattern (on Weekly Chart ).Exit if $0.96 is violated.

3) CENSOF —Thanks to Sis Choolooi for showing this stock to me. It is at the stage 2 of the new cycle. Today it breakout from $0.585 with volumes and this is very Bullish. It is expected to test the next Resistance at $0.62 with very Strong Resistance at $0.645 & possible target of $0.67. Immediate support is adjusted to $0.585/$0.575. I will exit if $0.54 is violated.

4) GUNUNG—Bought in GUNUNG when breakout from $0.945 with volumes. It “Gap” up at open and this has formed a strong support at $0.935/$0.945.Three white candles plus Rising Window implies continuation of Bullish trend. Any weakness towards support is a good time to accumulate for future play. Immediate Resistance is at $1.00 with very strong resistance at $1.05/$1.10. Set my exit if $0.87 is violated.

5)MPHBCAP—After hitting all time high of $1.78 on 22nd Oct, with “Price and RSI” formed Divergence it went through the correction as expected. Failed to clear $1.73 today meaning more sideways movement, formed a black spinning Top inside yesterday White Candle which is a “Bearish Harami” pattern. If closed below $1.67 tomorrow means top reversal pattern and I will take my losses if that happen. Immediate Resistance is at $1.73/$1.78.Exit if $1.65 is violated. Or may clear into strength to protect my capitals.

6) PELIKAN—Sideways movement of $0.66 to $0.70. A break above $0.70 (I will “Scale In” more shares) means it is expected to trend higher to resistances of $0.72 (Dark Cloud formed on 22/10 needs to be taken out), strong resistance is at $0.75/$0.80. Immediate support is adjusted to $0.66 with strong support at $0.60. Set my Stop loss if $0.66 is violated.

7) WEIDA— As suggested Weida break through the previous high of $1.80 with volumes and hit my immediate target of $1.87. I scale in extra 30% when it breaks $1.80 and my average cost has increased to $1.77 now. Immediate support is adjusted to $1.80/$1.78 (Resistance turns support), any weakness towards support is good time to accumulate for future play. A break above $1.87 will take it to next target of $1.97/$2.00. I have set my exit level at $1.78 to protect my capitals. I may also sell some into strength to lock in some profits.

I am not monitoring any counter because i am trading on my max of 7 counters.

P/S: Thanks JTFX for your inputs and comments, appreaciated it.

HAPPY TRADING…

twobits, a very tricky question to answer.
I can only tell you what I do in that situation. If I am sure the stock is breaking out with volumes (a Real Breakout & not a bull trap) I will buy in, but due to bad market sentiment the exit level is set much higher to protect my capitals in case there is a Sell Down. In KLSE we can”t “Short” a stock so the risk is not as bad as western country in the same scenario.
I trade in bad market sentiment too but to identify winners are harder, I believe if you have a proper plan and willing to execute it if things goes wrong you can trade in any market. Even a down market has some winner too.
Then this is only my opinion and many may not agree.
Happy Trading

Twobits, you are right about DIGI, it was trending between $4.85 to $5.00 after hitting high of $5.05 on 20/09. It breakout above $5.00 with big volumes today. Immediate Resistance at $5.15 with final TP estimated at $5.36 (Very Strong Resistance). Any consolidation should find support at $5.00 & Strong support at $4.90. Exit if $.490 is violated (Uptrend Line is violated). Congratulation I think you are on a winner.

Bro faberlicious, thanks for your kind thoughts.

Happy Trading...

Bro faberlicious,I read the chart of GUNUNG and tell you what i trade. Please do not takes it as a tip to buy. Buying or Selling into any stocks is your own choice.
I also like PRTasco after recent Gap up, should carry on uptrend now it has closed most of the gap.

Happy Trading..

ProfitMan, I used the weekly chart to look at the longer term trends..It also give you a clearer view on the pattern,Suppport & Resistances.
For trading i still use Daily Charts like many...

Happy Trading.

Bro faberlicious, well done and congratulation. I am happy you are doing well on Coastal and Gunung. My cost for GUNUNG is $0.95. It “Gap” up today so the support is from $0.935-$0.945. (Now it is testing the breakout level of $0.945 or may close the Gap at $0.935. Immediate Resistance is at $0.965/$1.00. Strong Resistance is at $1.10.

Will Scale In Pelikan if it can breaks above $0.70

HAPPY TRADING..

ProfitMan, thanks for the comment. Let"s learn together and very happy that Weida broke $1.80 as suggested.

Choolooi, wow..Sudak kaya with MYEG. Congratulation.
Oh ya, thanks for Censof, i went in this morning after you highlighted the counter to me. Appreciated it! Also bought in GUNUNG today..

HAPPY TRADING !!

29th Oct

1) ALAM—As suggested after forming” Long Upper Shallow” on 18/10 which is bearish, Alam is vulnerable for more correction towards $1.56/$1.52. 3 black candles for the past 3 days expect more downward movement.It needs to break above $1.62 (Neck Line for the inverted H&S) to scale higher. I had increased my Trailing Stop if $1.52 is violated to protect my capitals.

2) AZRB—Sideway movement and re test support of $1.00/$0.995, first sign of weakness if $0.995 is violated. Formed a Black Candle today and it is most likely to trend lower in near term .AZRB needs to take out the “Gravestone Doji” formed at $1.06 on 16/10 to further its upward movement. Immediate Resistance is at $1.06/$1.10. If it breaks above $1.14 with volumes it completed its Cup and Handle pattern (on Weekly Chart ).Exit if $0.96 is violated.

3)MPHBCAP—After hitting all time high of $1.78 on 22nd Oct, with “Price and RSI” formed Divergence it went through the correction as expected. Now the consolidation looks over for MPHBCap. Re enter today after support of $1.68 holds. Formed a Big White Candle which is bullish, it is expected to re test its previous high of $1.78(Strong Resistances) if break will test the TP of $1.84. Any weakness will find support at $1.68/$1.67. Exit if $1.65 is violated.

4) PELIKAN—Sideway consolidation, expected trading range of $0.66 to $0.70. A break above $0.70 means it is expected to trend higher to resistances of $0.72, strong resistance is at $0.75. Immediate support is adjusted to $0.66 with strong support at $0.60. Set my Stop loss if $0.66 is violated.

5) WEIDA—After hitting all time high of $1.80 on 7th Oct ( On the same day it formed a “Dark Cloud” meaning correction) it has been consolidating sideway from $1.73 to $1.78 (Flag pattern). A break above $1.78 (confirm the Bullish Harami formed yesterday) will take it to $1.80 and beyond (also cancel the “Dark Cloud” formed earlier). Immediate target is at $1.87 with next TP at $2.00. Immediate support is at $1.73/$1.72, accumulate on any weakness towards support. I will scale in more shares if break above $1.78. Failure to clear $1.80 means Weida is not ready to move yet. Exit if $1.70 is violated.
Today I sold all my property stocks in IJMLand at $2.80 to lock in some profits, SBCCorp at $1.71 at some losses.

I am also looking into :DIALOG ( if $2.75 holds),GUNUNG (If breakout from $0.945).

P/S:
JaniceLove
Sealink not on my radar, my reading of the chart:
It needs to clear the strong resistance at $0.45 with volumes. If done so it will complete the Double bottoms formation which is very Bullish.(On weekly Chart). This counter maybe good for Day Trader as it swings widely in a day which is not for me. I am not sure what kind of trader are you buy I really can”t advise on day trading. Any day trader here to help JaniceLove ??

Choolooi- Congratulation on you MYEG. Happy to know Oct is a good month for you !!
CUSCAPI—An Uptrend Channel counter. Very Bullish after breaking out with volumes on 10th Oct. To trade this counter and make $$$ you must know how to Scale In when it is near support. The low becomes higher lows. You may also lock in profits at the upper channel and buy back near lower channel. The upper channel is now at about $0.50 (Since it is an uptrend this values increased higher with time).Exit if break below $0.43 (The lower channel also increase with times). Thanks for sharing I will put this in my watch list.

CENSOF—It is at the stage 2 of the new cycle. Breakout from $0.56 two days ago with heavy volumes which is Bullish. Immediate support is adjusted to $0.56 with strong support at $0.535. It is expected to test next Resistance at $0.62 and strong resistance at $0.645. Exit if $0.51 is violated.

HAPPY TRADING !!

JaniceLove,I only help to read and interpret the chart, to buy or sell I am afraid you need to make your decision.

ProfitMan,
Congratulation on your EngTex..
huh so we are in the same boat for Weida. Do share your thoughts on this counter if can. Are you anticipating that it will break $1.80 soon?

Happy Trading !!

Bro htyeap125, congratulation to your winning on MYEG. You did the right thing to lock in the profits and sleep well.

You are right on Suria but i am staying away from property stock temporary until a clearer picture. Suria is connected to SBCCorp in term of water front development in KK Sabah. (I took a small loss on SBCCorp to clear property stock).

I am also monitoring Gunung which form an “Ascending Triangle” with possible breakout above $0.945.

Happy Trading.

Ha ha choolooi, Xian girls are ok i think the prettier ones in Chongqing..Yap, did enjoy my holiday and the Desert is so beautiful...

Ya, today cleared most of my property stocks, SBCCorp at $1.71 taking a small losses. Sold about 60% of IJMLand at $2.80 to lock in some profits.

Re enter MPHBCap after $1.68 holds. Bought in some Weida too..

Happy Trading !!

connie9170,thanks.
I shared my experiences with you all because i dont want any of you in this thread here made the same mistakes i did before. Do reemmebr use TA as GUIDE only. Ask yourself how much you are willing to lose before buying into a stock,set a plan and execute it!! Once you set your mindset right the $$$ will comes in naturally.
For example post budget could be bad for property stocks ,i will clear my property stocks if the trend is agianst it,never ever try to out smart the market.Hopefully the negatives had already been factored in all the property stocks.

Good Night !!

28th Oct

1) ALAM— Alam after touching its resistance of $1.62 and forming” Long Upper Shallow” on 18/10 which is bearish, Alam is vulnerable for more correction towards $1.56/$1.52. It needs to break above $1.62 to try next strong Resistance at $1.67.If Alam breaks above resistance of $1.67 indicates stage 2 upward movement is intact and it will be a winner. I had increased my Trailing Stop if $1.52 is violated to protect my capitals.

2) AZRB—May re test support of $1.00/$0.995, first sign of weakness if $0.995 is violated. It formed a “Separating Line” 2 days ago which is very Bullish, AZRB is expected to take out the “Gravestone Doji” formed at $1.06 on 16/10 to further its upward movement. Immediate Resistance is at $1.06/$1.10. If it breaks above $1.14 with volumes it completed its Cup and Handle pattern ( Weekly Chart ).Exit if $0.96 is violated.

3) IJMLAND---Today formed a “lower Long Shallow” which has strong reversal implication.By being able to stay above $2.80 I believe IJMLand is at the stage 2 of a new cycle, it is expected to test the immediate resistance of $2.89 and target of $2.95/$3.00.Immediate support is adjusted to $2.80/$2.76.I have increase my Trailing Stop level to just below $2.76 to protect my capitals & profits. (Bro htyeap incase the property stock takes a beating after the budget I may cleared this stock first).

4) PELIKAN—Sideway consolidation, expected trading range of $0.66 to $0.705. A break above $0.705 means it is expected to trend higher to resistances of $0.72, strong resistance is at $0.75. Immediate support is adjusted to $0.66 with strong support at $0.60. Set my Stop loss if $0.66 is violated.

5) SBCCorp—3 black candles for the past 3 days indicates more weakness, may test its next support of $1.70 if $1.73 fails to hold fort. Immediate Resistances is at $1.77/$1.81. (Another property stock that may runs into trouble post budget).

May re enter MPHBCap if $1.68 hold. I also like Weida if $1.73 holds.

HAPPY TRADING…

CityTrader, congratulation on your winning on TAS..This is kind of counter we traders like, setting new high after new high. Important is to raise your Trailing Stop to protect your profits if it never get to the new target. Anyway i am sure you know what to do, from what i understand from your buying and selling, you are a good trader.Hope to learn from you all too.

Bro faberlicious, you are most welcome and make sure you know when to lock in profits$$$..

Oops...Dinner Time..

twobits & jvei, welcome and thanks for your comments.

Faberlicious,
PMCorp—Breakout from the Double Bottoms on 03/10 with volumes and hit its immediate target $0.255 on 14/10. Very Bullish as it is on stage 2 of the new cycle. Any weakness towards supports at $0.225/$0.205 offer opportunity to buy for future play. Next TP estimated at $0.285 if $0.255 id broken. Exit if $0.205 is violated.

CityTrader-Are you in TAS ?

Enjoy your weekend !!!

Janice Love & Vivi Yap ,jennylee & ProfitMan
My reading of the following charts:

LianHoe—It is a trending counter in the ranges of $0.29 to $0.38(Strong Resistance at $0.365). For trending account you buy near support at $0.29 and sell when it is near $0.38.ProfitMan, unless you know something that we don’t, it has shows no sign of any breakout in near term.

Scable---Now at the stage 1 of a new cycle, it is expected to trend between” $1.56 to $1.76” with strong support at $ 1.47.It is expected to re test $1.47 & exit if this level is violated. Traders may come in if break above $1.76 with volumes to confirm stage 2 of the cycle.

TAS— Very Bullish. It breakout from $0.93 on 22nd Oct with volumes. TAS is on un-charted territory and by calculation the next target is at $1.29/$1.30.Any weakness towards its immediate support of $1.05 is good times to collect for future play. Exit if $0.975 is violated.

BJfoods—Trending ranges of $1.60 to $1.95 offer trading opportunity since the spreads is quite large. Swing traders may buy near $1.60 and dispose near $1.95.Current trend shows downward movement that it may re test support at $1.60. Immediate Resistance is at $1.76 if break will re test $1.95. if breaks below $1.60 spell troubles and cut losses if $1.56 is violated.

TDM—This counter is at stage 1 of the new cycle, broke out from double bottom 2 days ago but volumes is lacking so the validity of the breakout could be pre mature. Immediate target of breakout is at $0.91 and final TP is at $0.945. The breakout point ($0.86) now turn from resistance to its immediate support. Strong support is at $0.81.

Welcome Back Sis choolooi, everyone miss you.

Donpazac, welcome to this thread, plenty of bro and sis here to help each other out…

ViViYap, Do you want to share how many counters you trade at one time? Sunway, Huayang are property stocks and I think property stocks may takes some beating after the Budget.

Have a Nice weekend.

First would like to welcome Walter Aw Lik Hsin, Thomas3886, tiangby ,Vivi Yap to our thread.

Bro htyeap, thanks for helping and sharing your “TA notes for beginners” to all the bro and sis here. Appreciated it. Hope you get your computer fixed up soon to comment on some charts. Congrat to your MYEG, broke out on 17th Oct with volumes, very bullish. Like you I am still holding on IJMLand, the Breakout validity is in doubt due to lack of volumes.

Sis jennylee, I am not qualified to give lessons on TA, maybe with helps from others we can learn together at this thread.I will look into the charts of BJFood & TAS over weekend for you.

Connie9170, everyone preferences on TA is different, for me I like “CandleSticks” so if you are interested you can buy the book on “CandleStick” in major book stores.
Connie, just a reminder that: “TA wont let you make money, instead most likely you will lose money based on TA”, contradicting? Only way to make money is (My Opinion only) to have a plan before you buy, be discipline and execute the plan accordingly. Buying is easy, Selling is the hardest part especially when the price moved against you. Use the TA as a guide only for entry or exit.

Janice Love & Vivi Yap- I will look into the charts of Lien Hoe,Scable for you over weekend.

faberlicious—You are welcome and hope you make $$$ Costal and PJDev, your entry price is good. Remember to lock in profits when you are happy with the returns.

HAPPY TRADING…

25th Oct

1) ALAM— Alam after touching its resistance of $1.62 and forming” Long Upper Shallow” on 18/10 which is bearish, the consolidation is still going on. Today it re tested its support at $1.57 and closed with a black candle which is bearish, It needs to break above $1.62 to try next strong Resistance at $1.67.If Alam breaks above resistance of $1.67 indicates stage 2 upward movement is intact and it will be a winner. I had increased my Trailing Stop if $1.52 is violated to protect my capitals.

2) AZRB—Re tested its immediate support of $1.00/$0.995 and hold which is a good sign. It formed a “Separating Line” which is very Bullish, AZRB is expected to take out the “Gravestone Doji” formed at $1.06 on 16/10 to further its upward movement. Immediate Resistance is at $1.10/$1.14. If it breaks above $1.14 with volumes it completed its double bottoms formation. (Weekly Chart and also completed its Cup and Handle pattern) and AZRB will be a big winner. Exit if $0.96 is violated.

3) IJMLAND---By being able to stay above $2.80 I believe IJMLand is at the stage 2 of a new cycle, it is expected to test the immediate resistance of $2.89 and target of $2.95/$3.00.Immediate support is adjusted to $2.80/$2.76.The problem with IJMLand is lack of volumes to confirm its breakout validity. I have set my Trailing Stop level to just below $2.72 to protect my capitals .A break below this level indicates uptrend could be over.

4) PELIKAN— Fail to clear $0.72 today which means consolidation is not over yet. Show more weakness today by breaking $0.665 briefly,formed an “Inverted Hammer” during consolidation which is a good sign, if break above $0.72 should try $0.75/$0.80. Immediate support is adjusted to $0.66/$0. Set my Stop loss if $0.64 is violated.

5) SBCCorp—Traded with increased volumes in the tight range($1.74-$1.76) indicates the stock could be under accumulation. Any weakness should find support at $1.73 (Breakout turns support level) & $1.70.Immediate Resistances is at $1.77/$1.81.

P/S :
Thanks tsurukame for highlighting Tongher.
Connie9170 if you are a beginner maybe you should invest into a good TA book first. The software may confuse beginner with all the indicators in the chart.

HAPPY TRADING…

Hi connie9170 & JaniceLove
Thanks for the nice words. I started the thread hopefully i can get some inputs from you all to help in my trading too. I think the most important things in this thread is everyone is sincere and honest.Like lately i also benefited from EngTex and MPHBCap bcoz some furumers highlighted the stocks to me. So it is a Win Win situation.
I am using MetaStock Professional version 11 software.
Who knows one day we could all meet and learn the charts together but definitely not 2013 as i will be away for about 1 month from Nov to Dec...

HAPPY TRADING....

Faberlicious—Welcome to this thread. My reading for the charts:

Costal Contract—Very Bullish, breakout on 22/20 with a “Rising Window” & 7X Av volumes add validity to the break out. Immediate support is adjusted to $3.09 and the Gap of $3.02/$2.99 will act as a strong support during consolidation. It is trying to overcome the previous high of $3.16 with strong resistance projected to $3.38 and final TP of $3.46. Congratulation to you I think you are on a winner.

PJ Dev—An uptrend counter, higher high and higher low. To win on this stock you must know when to “Scale In” to buy more of the stocks. Immediate support is adjusted to $1.13 with strong support at $1.09.Price and RSI started to show divergence indicating some correction maybe on the way. Any weakness towards support offer opportunity to collect for future play.

HAPPY TRADING..

Tigerroar—welcome to this thread and thanks for sharing your experiences and counters. Ya, to lock in profits and be happy with it, no one can sell at the highest all the times. I am also collecting AZRB, now still under consolidation with lesser volumes which are good sign.
I traded Benalec in July but by end of July , cut losses at $1.36 when it broke down from the symmetrical Triangle. I think it has completed its cycle and started a new cycle, now is at the stage 1 trending between 1.15-$1.24, strong Resistance at $1.28. The stage 2 will be confirmed if breakout from $1.28 with volumes.(This is the time most traders like us may want to participate), If you are trading this counter now you may want to put a stop loss below $1.15.

Jennylee, For Pelikan,you bought in at very good price my cost is about $0.67. I will cut losses if $0.64 is violated, everyone is different the losses they are willing to take. You may want to set below $0.60 (Low formed on 17/10) but choice is yours.

Sis Metta, so Kanchong about E&O insomnia kah? Tebrau was highlighted by tsurukame, few of them mentioned about the breakout at $1.34 which is true.

HAPPY TRADING…

24th Oct

1) ALAM— Alam after touching its resistance of $1.62 and forming” Long Upper Shallow” on 18/10, as suggested started its consolidation. It needs to break above $1.62 to try next strong Resistance at $1.67.If Alam breaks above resistance of $1.67 indicates stage 2 upward movement is intact and it will be a winner. I had increased my Trailing Stop if $1.52 is violated to protect my capitals.

2) AZRB—AZRB shows more weakness today as consolidation keeps moving downwards. A break below $0.995 may take it down to the important support of $0.96. I will definitely take my losses if this level is violated. AZRB needs to take out the “Gravestone Doji” formed at $1.06 on 16/10 to further its upward movement. If it breaks above $1.14 it completed its double bottoms formation. (Weekly Chart and also completed its Cup and Handle pattern) and AZRB will be a big winner. AZRB needs to stay above $1.06 to confirm its uptrend. Exit if $0.96 is violated.

3) IJMLAND---Yet to convincingly confirm it has completed the “Cup & Handle” pattern by staying above $2.81. Today try to stage another uptrend movement but still couldn’t confirm the validity of the earlier break out. IJMLand is expected to challenge the immediate resistance of $2.89 and target of $2.95/$3.00. I have set my Trailing Stop level to just below $2.72 to protect my capitals .A break below this level indicates uptrend could be over.

4) PELIKAN— “Dark Cloud” formed yesterday indicates more consolidation is expected towards support of $0.665/$0.64. Immediate resistance is adjusted to $0.685 and $0.72.Set my Stop loss if $0.64 is violated.

5) SBCCorp—Any weakness should find support at $1.73 (Breakout turns support level) & $1.70.Immediate Resistances is at $1.77/$1.81.

I am monitoring Kimlun as it just broke out from its down trend line today.

Sis Metta, E&O after breaking out from $2.10 today really shooting up but I am just worry about the buying frenzy today. The next Resistance is at $2.29.Do set a trailing Stop to protect your profits.

HAPPY TRADING…

wajatimur_28 ..welcome to the thread. Sorry i do not trade PN17 counter or pennt stock..any one to help wajatimur out?

Sis Metta,thanks..really enjoy the holidays.. maybe you missed some of my earlier posting, i have cleared all my Puncak and E&O..I will look into the charts for E&O and Puncak for you when free..

Just to update yesterday cleared all my MPHBCAP to lock in the profits at Av of $1.76..
Bought in SBCCorp at Av of $1.73...( For those who trade this counter please be aware of the right issues..

HAPPY TRADING...

Lwalk, thanks now at the airport waiting for my fight to return home tonight.

ProfitMan & tsurukame-Thanks for sharing on Tebrau chart reading, I think both of your reading is as good as mine if not better. I am at the airport and no access to my charts, this morning when tsurukame mentioned It I did have a quick look and agree that it broke out from the double bottom few days ago with volumes and managed to stay above the breakout point of $1.34 past few days which is healthy. From the breakout the estimated target price is about $1.54.

Jennylee-I sold all my Supermx lately as I think it is trading in a very tight range with important support at $2.45. Exit if this level is violated.

HAPPY TRADING…

tsurukame, welcome to this thread and thanks for sharing Tebrau...

Happy Trading..

22nd Oct

1) ALAM— As suggested Alam after touching its resistance of $1.62 and forming” Long Upper Shallow” last Friday it started its consolidation towards support of $1.57/$1.52. Alam manage to stay above the neck line of $1.57 (Inverted Head and shoulder) which is a good sign, it is expected to re try the immediate resistance of $1.62/$1.67. If Alam cant clear resistance of $1.67 soon may indicates its stage 2 upward movements could be over and enter into stage 3 “Distribution stage” which I may clear my holding into strength to lock in my profits. I had increased my Trailing Stop if $1.50 is violated to protect my capitals.

2) AZRB—As suggested AZRB consolidated towards supports of $0.995/$0.96 today and I collected more AZRB for future play. I believe AZRB is starting stage 2 movement of the cycle as long as the level of $0.93 is not violated. If break above $1.06 it is expected to re test $1.10/$1.14. If it can break above $1.14 it completed its double bottoms formation and AZRB will be a big winner. Exit if $0.96 is violated.

3) IJMLAND---As suggested start to consolidate towards its immediate support of $2.80/$2.76 today. IJMLand manages to stays above $2.80 which is a good sign. IJMLand is expected to challenge the immediate resistance at $2.89 and target of $2.95/$3.00. I have set my Trailing Stop level to just below $2.72 to protect my capitals.

4) MPHBCAP—It is moving towards its TP of $1.84 but Price and RSI” keep showing Divergence indicating the under strength maybe weaker than thought. Tomorrow I will most likely to sell this counter into strength To lock in my profits. I had also increased my Trailing Stop if $1.70 is violated to protect my profits.

5) PELIKAN—Bought in Pelikan at an average cost of $0.67 today. It breakout from the “Bullish Flag” pattern yesterday and it is expected to test its immediate Resistance at $0.75/$0.80.Immediate supports is adjusted to $0.65.

SUPERMX— Cleared all my Supermx to use the capitals for other moving stocks.
I am also collecting SBCCorp towards support of $1.73/$1.70.

P/S as I am flying back tomorrow evening may not be able to update my thread tomorrow.

HAPPY TRADING…

lwalk My reading on Pantech—Breakout from the trending range of $0.92-$1.00 and also the Downtrend line at $1.00 two days ago which is Bullish but volumes is lacking during the breakout. By calculation the immediate target is at $1.08, strong resistance at $1.10 with final TP of $1.14.Pantech may start its consolidation towards support of $1.00/$0.97. Any weakness provides opportunity to collect for future play. Pantech maybe starting its new stage two upward cycles. Thanks Iwalk I am putting the counter on my radar.

AK $$-- Welcome to our thread. Everyone trade differently and the reason I dispose of Muhibah is because it trigger my trailing stop of $2.39 to protect my capitals and profits. Unless it can break & stay above $2.43, Muhibah is most likely to trend downward.

City Trader—You cant see the breakout from the “Inverted H&S” because you are looking at the daily chart. Now open a weekly chart and draw a line at $0.27 then the pattern is obvious. For TA you may want to look at a longer term chart beside the daily chart, I know a friend who look at hour chart as he is in and out of a counter real fast. No one is right or wrong you choose your own way of trading as long as you are making $$$. I use the daily chart for entry and exit and weekly chart to re enter if the longer term upward is intact.

Ooi teck bee—welcome to the thread and thanks for your contribution on Hovid WA, we all appreciate it.

Happy Trading.

ProfitMan,CityTrader, you are welcome...
Hope you catch some Pelikan this morning..

Happy Trading.

Profitman—My reading on Perisai.

Breakout from the “Descending Line” of $1.29 on 11/10 with increased 1.5 Av volumes which make the breakout more significant. Perisai will face strong resistance at $1.46 which was its previous uptrend line now turn Resistances. Formed a “Doji’ last Friday indicates indecision, a break above $1.38 it should be carry on its upward to next resistance of $1.40/$1.46. If break below $1.34 it may start to consolidate towards its breakout point of $1.29. If you trade Perisai you may want to put a Stop Loss below $1.29 in case the Breakout is Premature. The only concern with this stock is it is trading below 200SMA and the breakout is near the 200 days SMA and it is unclear whether this rebound will take it further.

Hope this helps.

21st Oct

1) ALAM— Alam re tested its immediate Resistances of $1.62 but failed to clear it. This is the 3rd attempts Alam tried to break above Resistance of $1.62 but end with a” Long Upper Shallow” which is a bearish signal .Unless $1.62 is taken out Alam is expected to consolidate towards support of $1.57/$1.52.Immediate Resistance is at $1.62/$1.67. I had increased my Trailing Stop if $1.50 is violated to protect my capitals.

2) AZRB—Breakout from the Downtrend line at $0.995 on 11/10 with volumes and move to the high of $1.06 on 16/10 and formed an “Inverted Hammer” indicating weakness. It is under consolidation and I am collecting on any weakness or towards support of $0.995/$0.96 for future play. I believe AZRB is starting stage 2 movement of the cycle as long as the level of $0.93 is not violated.

3) IJMLAND---As suggested IJMLand breakout 2 days ago to complete the “Cup and Handle” pattern lack convincing because of low volumes, but as long as it stays above $2.80 IJMLand is expected to challenge the immediate resistance at $2.89 and target of $2.95/$3.00. Today hit the high of $2.85 but formed an “Inverted hammer” which is Bearish signal, IJMLand may start to consolidate towards its immediate support of $2.80/$2.76. I have set my Trailing Stop level to just below $2.72 to protect my capitals.

4) MPHBCAP—As suggested after the “Separating Line” MPHBCap broke above $1.66 to scale higher to $1.74. A Big White Candle forms today add credibility to the breakout from the Resistance of $1.66. MPHBCAP has a final TP of $1.84. But due to the” Price and RSI” keep showing Divergence indicating the under strength maybe weaker than thought, I will definitely selling my stock into strength. I had also increased my Trailing Stop if $1.66 is violated to protect my profits.

5) SUPERMX— It is trending in the tight range of $2.45 to $2.55. Unless the Doji formed on 01/10 at $2.67 is taken out, Supermx is most likely to trade in tight range of “indecision” stage. I may clear the counter if it cant move above $2.55 soon to use the capitals for other moving stocks. Exit if $2.45/$2.44 is violated.

MUHIBAH—Cleared all my Muhibah when $2.39 was violated to protect my capitals.

I am collecting SBCCorp near support of $1.73/$1.70 & looking into Dialog and Pelikan.

P/S: Bro tonylim, ya she can arrange any part of China. Make sure you tell her your requirement for the tour. Bro stockwatch you can email her in English too. I don’t think I can keep one Tibetan Mastiff, like small lion ;-).

HAPPY TRADING...

City Trader & invest 88,
Sorry, not my Birthday…
HOVID---Breakout from the “Inverted head and Shoulder” of $0.27 on 23/09 and hit the immediate target of $0.315 by 25th Sept. Three White Candles for the past 3 days which is very bullish, if it can break and stay above $0.315 should try next Resistance at $0.34 with an estimated target of $0.36. The recent uptrend has an ending point at $0.295, a break below this point with volumes will be very bearish.

sis jennylee1382—You have learned to sell and lock in profits that is a good. Once you sold don’t feel bad if that stock did move up to your target price, you can always re-enter or move on to other stocks. Habits of locking in profits in the first step of winning in the stock market, must cultivate this good habit. You can have my email address but I hardly use it and sometime only open once a week, you can ask me anything about stock in this thread I will do my best to answer. Give me your email address and I will send you an email.

Bro Stockwatch & tonylim — Happy to know both of you like to travel too. I only use this Travel Agency in China to arrange tour in China for me. Everyone travel differently but for me no “Shopping” stops in my tour ,all 5 stars hotel , private guide and transport, and dinner must be in private room as I cant stand cigarette, I think you know how Chinese like to smoke. So my tour normally cost much more. Bro tonylim I travelled to Li jiang before but I spent almost 11 days because I went all the way to Shangri-la. Xian is very Historical but at the moment due to MRT construction the roads can be congested. The HuaShan is a must climb beside Terracotta when visit Xian. When I was at the desert it was very cold, so beautiful. I am also very happy finally saw some Snow Tibetan Mastiff.
The contact is huajine@hotmail.com attn Ms hua. Tel:13099992505. She is reliable.

HAPPY BIRTHDAY...

CityTrader and ProfitMan, Thanks for your comments. Actually my life is not extravagance but quite simple. I do enjoy travelling and running, so many places to visit and run.

ProfitMan, you are right about the Fear, Greed & Ego factors. I was like that before waiting to sell at the highest price (Or Target) and never admit I had made mistakes and want to prove that I am right. It costs me heavy and needs to go back to works to build up the capitals. Now I trade with a plan and execute the plan without emotions, many times I was caught in the “Bear & Bull” trap, after selling the price move up or vice versa. But this is all part of trading, I just move on.
I am very happy everyone here in the thread share knowledge and give honest opinions.

HAPPY TRADING...

City Trader,not every time lah..Will be back to KL on 22nd Night. Stock market is there for us to make some $$$ to enjoy life.But lots of hard works every working day try to find some winners, still catch some losers too..
You have a great weekend...