RI77 ,Thanks for the kind words. Sorry i cannot answer every email but your messages to me inspire me too.
I am happy you make some money but remember i do pick losers sometime, so get ready to take early losses if that happen.
Happy Trading !!

sunshine96 > Aug 13

SCICOM—Bullish Uptrend

Weekly Chart—stage 2 of the cycle and very bullish. After hitting high of $1.13 it has been consolidating on a very tight sideways movement of $1.03 to $1.13 for the past 7 weeks. A break above $1.13 will take it into uncharted territory with an immediate target of $1.20/$1.23 and TP2 of $1.30. For midterm traders the stop loss level is $0.97 if violated (The midterm uptrend line and it is rising).
Daily Chart—today it breaks above $1.09 signal price reversal and hit my target of $1.20/$1.23.The consolidation is over for Scicom and one can expects more upward movement of SCICOM. If break $1.23 will move to my next target of TP2 of $1.30.Any weakness (which offer buying opportunity) due to overbought condition should find immediate support at $1.13 and very strong support at $1.09.I will set my Trailing stop at $1.08 to protect my profits.

Happy Trading..

nana88, thanks for pointing out..
appreciate it..
I will correct it and post later..
Thanks

# Dunknow > Aug 12
Dear TCB, should we buy share when it break out of the immediate resistance or before the break out? #

DunKnow, you ask a valid question. I would like to share with you how I trade and others might not agree with my method. First we must know what stage of the cycle is the stock on. I would start with:
a) Stage 1—Beginning of a new cycle. It normally trade within a range in rectangle pattern. I do not trade during this consolidation(But some may want to bottom Fish and wait it out), in this stage I will only buy on Breakout.
b) Stage 2—Bullish trend. All traders want to be in stage 2 because this is where the money is.This is the stage I will buy on breaking new high or under consolidation.Especially if the consolidation form bullish Flag or pennant. I will try to buy inside the pennant then scale in after the break out.
c) Stage 3—Distribution stage. I sometime trade in stage 3 because of the big spread. Lots of bull traps happen here and I do not normally chase the stock on break out.
d) Stage 4—Bearish—Avoid at all cost.

Hope this help !!

Pathew,
MASTEEL could not break above its immediate downtrend line of $1.08.Now it may have found a new base at $1.02, if $1.02 stays you can expect some technical rebound to $1.05/$1.07. Buy if break $1.08 with volume, signal trend reversal.

Happy Trading

1lottrade ,
I am a bit surprise you did not grab the opportunity when GUOCO gap up as a breakaway gap from the flag pattern, it actually issues a signal BUY BUY BUY..
A gap up from its pennant pattern mean you jump in and buy.

Happy Trading..

profitMan, thanks for your kind words.

1lottrade, i hope you did buy GUOCO when it break $1.80 today, that is the reason i collect GUOCO inside the pennant.

Happy Trading

chiam4192 > Aug 11, 2014 12:02 AM | Report Abuse
# DEAR TCB,
HOW about SCICOM?TQ #

SCICOM—Sideways Movement.

Weekly Chart—stage 2 of the cycle and very bullish. After hitting high of $1.13 it has been consolidating on a very tight sideways movement of $1.03 to $1.13 for the past 7 weeks. A break above $1.13 will take it into uncharted territory with an immediate target of $1.20/$1.23 and TP2 of $1.30. For midterm traders the stop loss level is $0.97 if violated (The midterm uptrend line and it is rising).
Daily Chart—sideways movement of $1.03 to $1.09, a break above $1.09 signal price reversal to test its previous high of $1.13 and to its immediate target of $1.20. It may have found a new bottom at $1.03 which offer a small risk buy. I am collecting from $1.03 to $1.06, Stop Loss if $1.03 is violated.

Happy Trading

1lottrade > Aug 11,

In Event(2) I would say the odds are pretty good. If I am caught the losses is normally small as during this period I always try to buy as close to support as possible. I actually Q and buy, never chase it up.

I traded as you know purely based on TA, the reason I trade K1 during that time was because it is forming Ascending Triangle which has bullish implication and its momentum has picked up. I foresee it to break its reaction line at $0.445 into uncharted territory and scale higher.. My first entry was at a very good price around $0.415 but when it breaks above $0.445 I scaled in at $0.45/$0.455 and was caught with the bull trap because later it closed below $0.445. I cleared K1 when it could not clear $0.445 again taking some losses.

Hope this helps.

1lottrade > Aug 10
You asked a valid question and I do face the same scenario many times.Everyone trades differently I can only share my trading method and others might not agree. I will analyze the 3 events as per your query:
1) From my email, you know I am against chasing a big moving stock (especially it had started its big move) because the Risk/Rewards is not to our favour and secondly when the Stop Loss is too big many of us would find it difficult to take that losses. If you choose to chase the stock after the big move, worry you may be left out( GREED Factor) I can only advise you to set your Stop Loss according to the percentages you are willing to lose.
2) Every stock that move up steeply will needs to take a breather, during this consolidation does offer an opportunity to accumulate for the next move. The only problem the traders are facing is the time frame that it will consolidate, some for days and some for weeks before it charges again.
a)Those that consolidate say few days does not have time to form any pattern, but it does offer an opportunity to trade that is if it break its previous resistance (or High) and set your Stop Loss maybe 2-3 bids below that level.
b)Those that consolidate and retrace for a longer period ( preferable not to retrace more that 50%) and form a pattern is the one I normally accumulate and trade. A steep big move normally forms a flagpole pattern which is very bullish, and if a flag/pennant is formed it has set a clear support and resistance level which traders like us can plan our entry and exit level. Still at this time you carry some risk as confirmation is yet to issued but at least you have every opportunity to access your Risk/Reward ratio. In TA we go for pattern that has bullish implication.
3) The breakout from the consolidation, this is the best time to enter when it breakout again (or I will scale in after accumulation in event 2), the support is formed and if you buy on breakout. Set 2-3 bids below that breakout level in case it is a Bull Trap.

Hope this help !

RI77 & Dunknow ,

Please send an email to my address below:

matrixcool02@gmail.com (02 reads zero two).

Happy Trading

tsy88 > Aug 10
# Dear TCB - appreciate if you can give Ta analysis on :
Guoco - seems to be quite volatile currently. Is current pullback a
good entry point? #

This stock is actually covered under my weekly summary mailing list:

GUOCO—After hitting a new high of $1.96 on 31/07 it is taking a breather. It has formed a Flagpole pattern and consolidates inside the bullish flag, a break above its bullish flag at $1.80 signal breakout to retry its previous high and very strong resistance of $2.00(invincible zero resistance). A break above this psychological level of $2.00 will take it to next target of $2.10/$2.20. Failure to breakout it is expected to fall back and trade inside its bullish flag of $1.57 to $1.80. Stop Loss if $1.50 is violated for short term trader.

Happy Trading

Tsy88,
#Dear TCB -
Can you review our market at this stage. Has it turned bearish and prices are expected to retreat further? Is it a good time now for bargain hunting or should we stay on the sidelines presently?
Kindly advise. Thanks in anticipation.#

The KLSE has bear in forming but that does not mean you cannot trade. Those index linked companies may take more beating than small cap companies. If you are investing into those stocks maybe one should stay sideline until the index reverse its trend. As this juncture the landscape of KLSE has turned weak, any technical rebound should meet resistances around 1870/1880 levels. Everyone is expecting market to rebound on Monday due to Dow positive performance on Friday. But if KLSE break below last Friday low of 1837 you can expect more bearish downtrend movement.
TCB believes you can trade in Bull/Bear market, the choices of stocks of course are much harder. If you decide to trade make sure you do have an exit plan before entering.

Happy Trading.

Ctw101,

SMRT—Stage 2 of the cycle and very bullish, it keeps setting new high and you have asked a very valid question. In TCB we encourage traders to set Trailing Stop when you are on big winner.
For SMRT, It is heading towards its next target of $0.95/$1.00.But of course target is only a guide.Of course the Trailing Stop is up to individual willing to give back how many percent in case there is a big pull back. This is how I will set my Trailing Stop for SMRT, I will lock in profits at $0.77. The reason being this is the 2 bids below its support point for its uptrend line, a violation of this level may invite some heavy selling.
Of course you can also set the trailing Stop say below immediate support of $0.88.

Hope this helps.

Happy Trading

farue,

MINHO—I used to trade this counter win and lose once.
Stage 3 of the cycle and form Descending Triangle which has bearish implication. A break below its reaction line of $1.00 spell trouble as the next strong support is at $0.935.Lately we has been trading sideways from $1.00 to $1.04,a break above $1.04 should meet very strong resistance at $1.08.Until this resistance of $1.08 is taken out with volume do not foresee any immediate upward movement.

Happy Trading

KC18,

SEAL—Weekly Chart( Mid term)—It is at stage 2 of the cycle and very bullish, keep setting new high into uncharted territory. Formed a “spinning top “ last week implies some weakness, expect some downward movement to support of $1.32/$1.26. It will carry on its stage 2 bullish trend if $1.50 is taken out with volume.
Daily Chart—It is also at stage 2 of the cycle. The problem with Seal is while it is scaling new high but the Price/RSI and Price/Vol has formed bearish divergence since 1st July. Of course this does not mean it won”t go higher but do trade with caution because a big pull back maybe on the card .Immediate support adjusts to $1.32 and if break also violated its uptrend line and consolidation may take longer than expected. Any further rebound will find immediate resistance at $1.45/$1.50.
For stage 2 counter we would advise you to set a Trailing Stop to protect your profits in case of a big pull back.

Happy Trading

bb55 > Aug 2


Please send an email to my email and i will add you in my mailing list.
My email is:
matrixcool02@gmail.com (02 reads zero two)

Happy Trading

cityplus > Aug 2

Hi,please send an email to my email and i will add you in my mailing list.
My email is:
matrixcool02@gmail.com (02 reads zero two)

Regards

Cityplus,

LBALUM—
Weekly Chart—Trade above its uptrend line. It is very bullish in midterm and expect to test its previous high of $0.815 and if break will enter into uncharted territory.

Daily Chart—Uptrend intact, it is having some difficulty to break and stay above its immediate resistance of $0.775/$0.78.A break above with volume will take it to its previous high of $0.815 (Strong Resistance) and into uncharted territory and immediate target of $0.86. Any weakness should find immediate support at $0.765/$0.745 which offers opportunity to buy for future play. Stop Loss if $0.715 is violated with volume.

Happy Trading

Pathew,

AHB
Weekly Chart—Very bullish trading above its uptrend line. It is still under consolidation and expect to trade from $0.235 to $0.28. A break above $0.28 will take it into uncharted territory and estimated target of $0.35.
Daily Chart—After hitting high of $0.29 on it consolidated sideways rectangle trading from $0.21 to $0.28. For rectangle trading traders will buy as near to support of $0.21 as possibly can and will sell when it is close to $0.28.The mid -point of $0.245 serve as guide whether it is trading on the upper end or lower end. The first weakness if $0.245 is violated as it is most likely to trade towards $0.235(weekly uptrend line)and if break will go back to $0.21 level.At the moment it is trading on the upper end and If break above $0.28 with volume signal breakout and carry an estimated target of $0.35. Stop Loss if $0.20 is violated.

Happy Trading

#Posted by kc18

Dear TCB

Can anyone comment on today seacera trading. #

SEACERA—Weekly Chart-formed an Engulfing Bear which implies bearish sentiment in midterm unless the bear height of $1.18 can be taken off.
Daily Chart—after hitting high of $1.24 on 09/07 It is under healthy consolidation with reduce volume. The recent breakdown below $1.07 was a concern and the new base of $1.04 is yet to be confirmed. Today it stage a technical rebound due to oversold position, any further rebound should meet immediate resistance at $1.12 and strong resistance at $1.15. It will stage a trend reversal if breakout from $1.15 and overcome the engulfing bear as mentioned in the weekly chart.

Happy Trading

Bs1688,

MUDA— I sold this counter when it could not break above $2.20 earlier.

Weekly Chart—Very bullish and is on stage 2 of the cycle. Break out from $2.20 last week and into uncharted territory and carry an estimated target of $2.65 with strong resistance at $2.50.The Price an RSI start to show some bearish divergence so would advise to trade with a trailing stop just in case there is big pull back.
Daily Chart—Stage 2 of the cycle and very bullish. It hits a new high of $2.47 before forming a Gravestone Doji at top follow by a long legged doji last week. It shows lots of indecision, the upward momentum starts to slow down. It is most likely to consolidate towards immediate support of $2.30 and very strong support at $2.20. A break above $2.47 will take it to $2.50/$2.55 level. For stage 2 trading we strongly advise you to set a trailing stop to protect your profits.

Happy Trading

courage , sure just an email to.

Happy Trading

lhoong ,

Can you send email to my email address at
matrixcool02@gmail.com (02 reads zero two)

Regards

Luxp,

Your username here and your email may be different.
So sorry i receive many emails everyday, i hope yours has not been left out.
Can you email me again and quote your user name LUXP then i know is you.
my email is :
matrixcool02@gmail.com (02 reads zero two)

Sometime i need to answer those email queries in TCB here as I cannot answer each and individual email. Hope you understand.

Happy Trading

zx08 ,GOB—Stage 3 of the cycle, which is a distribution stage and sideways trading from $0.97 to $1.07.Unless $1.07 is taken out the stock is expected to trade inside the Rectangle. A break above $1.07 with volume may take it to $1.14 and $1.20. Stop Loss if $0.935 is violated.

speakup --I am happy you understand there is some confusion in the term we use to describe the cycle. Anyway, we appreciate your input on Redtone and happy that you are riding on the profits. Do monitor the previous high at $0.86 if break i think you are on a big winner.

lottolearn >
I just sent an email to you. I just found out you have quoted me on the other threads, please do not do so as it might confuse other readers that do not understand how i trade.

Happy Trading..

speakup > Jul 24

redtone 80sen! someone said it was distributing at 75sen, but i said it was accumulation. guess we know who was right :-)

i think you did not get what he meant when Stay Foolish say it is stage 3 of the cycle. In the 4 stage cycles stage 3 is call "Distribution Stage" unless previuos high of $0.86 is taken ooff, then​it may carry on stage 2 of the cycle.
That Distribution stage is just a name.. ust to share more information on 4 sstage​cycle for you:

Stage 1--Accumulation stage
Stage 2-Mark up stage
Stage 3--Distribution Stage
Stage 4--Mark Down stage.

During Stage 3 which is REDTONE now on the ​weekly cchart, it​is ccalled​stage 3 or Distribution stage or you can call it any name you like.
During Stage 3 it can go back to stage 2 if $0.86 is taken off or it will start stage 4 if $0.61 is violated.

Hope this helps..

Happy trading

Luxp --You did not miss my write up because you were not in my mailing list. Those that receive my email earlier start to collect with me together.
SMRT should retest its TP1 again at $0.80, if break the next target is at $0.86 and beyond.
Remember Target is only a guide, do have an exit plan to protect your profits.
If you wish to be on my mailing list just send an email to me at:
matrixcool02@gamil.com (02 reads zero two).

Happy Trading

Posted by lottolearn > Jul 23, 2014 03:05 PM | Report Abuse
# Dear Bro. Matrixcool,
Thanks for SMRT and it really move. I sold 50% already at $0.80(Your TP1) and want to know how to set Trailing Stop for the other 50%? #

Firstly, I would like to thank those that emails me because of SMRT, your kind words touch me and I am very happy many of you lock in profits on SMRT today near to my TP1 of $0.80.

lottolearn--A very valid question, we at TCB encourage traders to set a Trailing Stop when you are riding on a winner. The reason being by setting a Trailing Stop you do not need to go through the agony incase there is a Big Pull Back. You do not want to sell too early and try to ride on the profits as long as you can so a valid Trailing Stop is very important.
For SMRT I have locked in partial profits at $0.795/$0.80, I am just sharing my method of trading and you can set your own Trailing Stop if you want to. You may set the Trailing Stop at:
a) It broke its previous high of $0.755 (now turn immediate support) so 1-2 bids down from $0.755 is acceptable.
b) The actual trend reversal is when it breaks $0.745 (Now turns to very strong support) so 1-2 bids below this is also acceptable.
c) Some may opt to wait for a price reversal signal from candlestick which is none at the moment.

Hope this helps.

aikwais > Jul 22
Dear TBC
Could you help to analyse LBALUM?

# LBALUM—After recent consolidation to a low of $0.705 (Its uptrend line is still intact) it stages a rebound today to the high of $0.775. It is expected to test its immediate resistance of $0.775/$0.78 and if break will re challenge its previous high of $0.815 and beyond. Any weakness due to profit taking should find immediate support at $0.745/$0.74 which offer opportunity to collect for future play. Stop Loss if $0.70 is violated. #

Happy Trading

tsy88 > Jul 21

#huge gains,the likes of Fiamma, Eg, Mmsv,Ijacobs,Pphb.

I trade PPHB too, just a word of cautious it formed Engulfing Bull at top last Friday, do monitor today candle if lose below $0.925 it may have found a new temporary top.

Happy Trading

rchi, we are here to share and learn from each other. Do share with us if you spotted any good counter to trade.

I would also like to thank inwest88 & tsy88 to share their portfolios here with us.

Happy Trading and Good night.

STOCK IN FOCUS ( Short Term Trade)

20/07/2014

Every week TCB will pick a few stocks we may like to trade short term and put in *Stock In Focus*, please do not take this as a buy signal as our TA reading for those stocks are for sharing purpose only.

HEVEA—Weekly Chart—The Dark Cloud formed on 30/05 at $1.47 is still shadowing the upward movement of Hevea. But if it can stay above $1.45 the dark cloud should be cleared soon for Hevea to move higher.

Daily Chart—Breakout from Rectangle Consolidation Trading of $1.35-$1.44 which carry an estimated target of $1.53/$1.54 and beyond. On RSI chart breakout from Tripple Bottoms which is very bullish. If can stay above $1.45 it is expected to test strong resistance at $1.50/$1.54(Its previous high).Immediate support adjusts to $1.44/$1.42 and Stop Loss if $1.35 is violated.

Note: ( For those that have bought below $1.40 when I first alert you through my emails earlier, please observe those resistances mentioned above and remember to lock in profits or set your own Trailing Stop to protect your profits).

Happy Trading

navi > Jul 20, 2014
Dear TCB...can you please help on reading hovid. Thank you

HOVID—Weekly Chart—Stage 2 of the cycle and very bullish in midterm, the next target is estimated at $0.445/$0.46. It break may try $0.50/$0.53.
Daily Chart-- It breakout from the rectangle consolidation of $0.32 to $0.385 on 07/07 which carries an immediate estimated target of $0.445 and beyond. Last Friday it closed at its new high of $0.44 but formed an Engulfing Bull on top, also the Price/RSI has started to form Bearish Divergence since 07/07. Whether this is the last engulfing top we need the next candle to confirm. If the next candle closed below $0.44 Hovid may have found the new temporary top. Any weakness due to profit taking or overbought situation should find immediate support at $0.405 and very strong support at $0.385(Resistance turns Support).

Happy Trading

lottolearn,

WILLOW--—On Weekly Chart, The Dark Cloud formed on week 02/05 at $0.915 is shadowing the upward movement of Willow so unless this dark cloud is cleared it has formed the top at $0.915 for mid term.
Daily Chart—The gap support of $0.80 to $0.815 is holding well,it may stage some technical rebound soon.Stop Loss if $0.77 is violated.As suggested in my earlier post, short term traders try to clear on any technical rebound towards $0.85/$0.875.

Happy Trading

Novice8,

SEACERA—Weekly Chart-formed an Engulfing Bear which implies bearish sentiment in midterm unless the bear height of $1.18 can be taken off.
Daily Chart—After hitting high of $2.04 on 09/07 Seacera is under healthy consolidation with reduced volume at the moment.It is not out of the wood yet and still under downward momentum and is expected to test its important support of $1.07 and if this support fails to hold expect a longer consolidation period towards $1.00 level. For short term traders if you are collecting from $1.07 to $1.10 please set a stop loss if $1.06 is violated as the next meaningful support is at $1.00/$0.97.Any rebound should find immediate resistance at $1.18/$1.20.

Have a nice weekend

Thanks everyone for your kind words and I am happy many of you benefited from PW and Mflour after my email alert earlier. There are so many questions and due to my personal commitment at the moment I cannot answer each email.

I just like to add that:

a) Whether to add more, sell or hold you need to make that decision. I will share with you how I would trade this 2 counters from here.Hopefully it can help you in deciding what to do with them.
b) We have always encouraged” Scale In” like PW when breaks $1.43 today,so if you have sold earlier just be happy with whatever profits you make. I am happy some of you “Scale In” at $1.44 with pyramid system. To be honest, I did not ‘Scale In” today because I was busy the whole day. Instead, I sold part of PW to lock in profits.
c) Whether they will get to my target? Well, it is very likely, but no one knows for sure. You may want to have a Trailing Stop to protect your profits.Remember target is only a Guide ok?
d) Eforce—I have no ideas what the warrant price will be, my TCB team mates think it will be over $0.30 at least. I am as confused as you on how these warrants work.



MFLOUR—I refer to my 2 earlier emails alerts,
1st alert--# Please monitor Mflour and you may want to collect some on any weakness.
Immediate Support is at $1.75/$1.74 and Strong support is at $1.69.
Possible Target of $1.90/$1.95 and $2.02.
Stop Loss if $1.48 is violated.#
2nd Alert--#MFLOUR—Weekly Chart—Breakout from Cup and Handle pattern at $1.69 with volume. Immediate target at $2.00 and $2.15. (RSI BULLISHx 1)
Daily Chart—After breaking strong resistance at $1.69 it hit a high of $1.83 before profit taking kick in. The profits taking activities are expected to carry on and may offer opportunity to collect for future play. Any weakness should find immediate support at $1.75/$1.74, very strong support is at $1.69 if $1.74 fails to hold. Stop Loss if $1.68 is violated for short term traders and $1.58 for mid-term traders.#

After the alerts,

It is moving towards my immediate target of $1.90/$1.95 and $2.00/$2.02 . Any weakness due to overbought or profit taking should find immediate support at $1.81/$1.80 and strong support at $1.75/$1.74. I have raised my Stop Loss from $1.69 to $1.79 to protect my capital/profits or may sell some into strength to lock in some profits.

PW—I refer to my earlier posting in TCB.
1st Posting: PW—The consolidation for PW looks over after finding new bottom at $1.21. It is expected to resume its upward movement to immediate resistance at $1.38 and retest its previous high of $1.43.A break above $1.43 with volume will take it into uncharted territory of estimated target of $1.50/$1.55 and beyond.Immediate support adjusts to $1.30/$1.25( First sign of weakness if $1.25 is violated).Stop Loss if $1.20 is violated.
2nd Posting: PW—It did move to a high of $1.40 but failed to test its previous high of $1.43.The upward momentum pause slightly and any consolidation should find immediate support at $1.34/$1.32. A break above $1.43 with volume will take it into uncharted territory of estimated target of $1.50/$1.55 and beyond. First sign of weakness if $1.32 is violated as next meaningful support is at $1.25. Stop Loss if $1.20 is violated.

After the Posting,
PW hit a high of $1.49 ( almost hit my target of $1.50/$1.55) today, the existing momentum should carry PW to my target of $1.50/$1.55 and if break will test next target of $1.60. Any weakness should find support at $1.43(Resistance turns Support) and strong support at $1.40. I have set my Trailing Stop at $1.42 to protect my profits or may sell into strength to lock in more profits.

I hope the latest update can help some of you to make your own decision whether to Add,Hold or Sell. That important decision you need to make it yourself.

Happy Trading and Good Night.

Lototlearn,
Last week our Stock In Focus---# PW—The consolidation for PW looks over after finding new bottom at $1.21. It is expected to resume its upward movement to immediate resistance at $1.38 and retest its previous high of $1.43..Immediate support adjusts to $1.30/$1.25( First sign of weakness if $1.25 is violated).Stop Loss if $1.20 is violated.#

After the posting,
PW—Weekly Chart- (P/RSI Bearish DivergenceItx 1) did move to a high of $1.40 but failed to test its previous high of $1.43.The upward momentum pause slightly and any consolidation should find immediate support at $1.34/$1.32. A break above $1.43 with volume will take it into uncharted territory of estimated target of $1.50/$1.55 and beyond. A first sign of weakness if $1.32 is violated as next meaningful support is at $1.25. Stop Loss if $1.20 is violated

Happy Trading

siena > Jul 9
Hi TCB

Appreciate your advise, is GHL still remained the same as previously advise below.

# Posted by matrixcool > Jun 26, 2014 09:58 AM | Report Abuse
GHLSys—As mentioned by me on 06/06 and profitMan on 11/Jun , it is still trading inside that uptrend channel. The latest value for this channel is $0.90 to $1.02. (Now trading near the Support of the Uptrend Line)During recent rally to $0.995 the volume has reduced forming Price/Vol Bearish Divergence. Same scenario it is forming what look like a Rising Wedge and be cautious if trade this counter, do monitor the uptrend support line closely and if $0.89 is violated with volume you might want to exit. #

After the reading,
GHLSystem finally broke down from the Rising Wedge and the first warning has come on 27/06. After that it has tried on many occasions to stay above the Uptrend Line (remember this uptrend line the value keep rising everyday from $0.89 to $0.93 on 08/07 which it finally breakdown as what I have posted. I hope you did monitor that uptrend line and exit as suggested. Now this uptrend line will act as a very strong resistance, but it is expected to trend lower from here.Any technical rebound will find resistance at $0.92.

Happy Trading.

nana88,

SEACERA--Just to let you know that i have cleared the remaining 50% of my Seacera at my target price of $1.23 past 2 days.

May collect back during consolidation.

Happy Trading.

nana88 > Jul 8

# Matrixcool,
Today Seacera revisited your target of $1.20/$1.23. Mind to share what will be your next move. I am still holding some. :). Thanks. #

Like you i m still holding on Seacera but i did clear some at $1.19 to lock in my profits.
We are on a winner, TCB always encourage if you are on a winner like Seacera try to ride on profits as long as you can but remember to set a Trailing Stop to protect your profits.

I have increased my Trailing Stop from $1.09 to $1.13 to protect my profits. I will keep increasing this Trailing Stop to protect my profits.

Happy trading.

skyland > Jul 7

TCB pls advice on seacera. tqvm.

skyland, Seacera is on bullish stage 2 cycle,for stock like Seacera TCB always advise trader to trade with a Trailing Stop to protect your profits in case there is a big pull back.Like you i am still riding on Seacera when first bought in at $0.84. I cleared 50% of Seacera at $1.13 earlier but bought back some more at $1.07 last Friday. Today i cleared those that bought in last Friday at $1.19(T+2) but still holding on 50% of Seacera which i bought at $0.84.

Chart wise:

SEACERA—Today it hits my target of $1.20/$1.23 before profits taking kick in to close at $1.15.On TA the chart does give some conflicting signals, a Bullish Seaprating Line implies more upward bullish trend and a Price/RSI Bearish Divergence giving warning that the undertone could be weaker than thoguht. I may sell on further strength towards my target of $1.20/$1.23. Any weakness should find support at $1.09/$1.07. I have also tightened my Trailing Stop to protect my profit by increasing it to $1.06.

Happy Trading

novice8,Nana88, > Jul 7
Dear TCB-- mind to comment Engtex pls? Tq!!!

Today Engtex broke out from its 7 weeks consolidation of $1.83 to $1.93 with volume and tested its strong resistance at $1.98. As mentioned in earlier post Engtex is on a Trend Reversal if it can stay above its immediate support of $1.98(Resistance turns Support). It is expected to test its immediate target of $2.03 and $2.10 (Gap Resistance formed on 24/04).In the event $1.98 fails to hold the next strong support is at $1.93. I have raise my Stop Loss to $1.93 if it is violated to protect my capital

Happy Trading

06/07/2014
Every week TCB will pick a few stocks we may like to trade short term and put in *Stock In Focus*, please do not take this as a buy signal as our TA reading for these stocks are for sharing purpose only.

STOCK IN FOCUS ( Short Term Trade)

PW—The consolidation for PW looks over after finding new bottom at $1.21. It is expected to resume its upward movement to immediate resistance at $1.38 and retest its previous high of $1.43.A break above $1.43 with volume will take it into uncharted territory of estimated target of $1.50/$1.55 and beyond.Immediate support adjusts to $1.30/$1.25( First sign of weakness if $1.25 is violated).Stop Loss if $1.20 is violated.

Happy Trading.

kheng,
You need software to scan through KLSE stocks to locate those stocks. I am using Metastock and i can explore price/Volume break out but not Spike volume.

I have no idea which web site provides such information.

Any TCB members can help Kheng here?

Happy Trading

novice8,

WTK—Still trapped inside the Symmetrical Triangle of $1.37 to $1.42, The upward momentum is picking up and may breakout from the Triangle soon. Any weakness should find immediate support at $1.39/$1.38.A break above $1.42 with volume signal breakout to its immediate resistance at $1.46/$1.50. Stop Loss if $1.36 is violated with volume.

Happy Trading

novice8 ,lottolearn

WILLOW—On Weekly Chart, it closed above its uptrend line with white Marubozu candles which is very bullish. However, it also issued some conflicting signal by forming Separating Line which is also bullish, Engulfing Bull (Also a bullish formation) but during uptrend can be concerned whether this is the last engulfing top? The Dark Cloud formed on week 02/05 at $0.915 is shadowing the upward movement of Willow so unless this dark cloud is cleared it has formed the top at $0.915 for mid term.
Daily Chart—After hitting high of $0.915 on 28/04 Willow consolidated with reduced volume and found new bottom at $0.77 with bullish tweezer bottoms on 01/07. The next day it open with a breakaway gap with volume imply more bullish trend. All landscape for willow is pointing uptrend but it will meet very strong resistance towards its previous uptrend line which is at $0.915(As of today and rising).
Expect trading range of $0.83-$0.895. If support of $0.83 failed will find very strong support at $0.815/$0.80.Stop Loss if $0.77 is violated.

Have a nice weekend

Old Stock Updates:

ENGTEX—Stage 1 Sideways movement of $1.83 to $1.93. If break $1.93 strong resistance is at $1.98.The trend reversal will start for Engtex if it could break and stay above $1.98 to carry on its new stage 2 of the cycle to its immediate target of $2.10.Stop Loss if $1.83 is violated.

Novice8, i know you collected MUDA with me last time and collected the dividends like me, are you still holding it ?

MUDA—It is heading toward my target of $2.20/$2.25.I have set my Trailing Stop at $2.02 to protect my profits or may sell further into strength to lock in profits.

Happy Trading

shukriechek > Jul 3
Dear TCB.Is it right time to buy Binapuri?

BINAPURI
Stage 4 of the cycle ended on 06/05 at a low $0.65. It is starting what we refer to stage 1 of the cycle trading inside Rectangle of $0.66 to $0.70. For stage 1 cycle normally traders like us will never participate and if you are thinking of bottom fishing remember to set your Stop Loss if $0.65 is violated. It needs to breakout with volume and stay above $0.70 to start what we call the Bullish stage 2 of the cycle.

Happy Trading.

nana88 & lottolearn , Thanks for the kind words.
TCB is set up with one purpose only, that is to help those that need TA for their stock. Even though TA is not 100% but we wish we could provide a guide for trader that needs help.

nana88, Seacera i had cleared some at $1.13 to lock in my profits.

Happy Trading