Joyous - MMode: On a bullish trend started on 27/3 by a hammer bullish reversal candle which also marked the end of its downtrend. Hit a high of 0.57 on 4 & 7/4 but came under selling pressure resulting in a 50% retracement on profit taking and possibly due to traders caught during the downtrend clearing positions. The gap up on 17/4 with volume initiates another phase of its uptrend. Broke through the resistance of 0.57 on 18/4 and is currently very bullish.

Immediate support = 0.555 ; Immediate resistance = 0.63. TP1 = 0.62, TP2 = 0.68 & TP3 = 0.77.

connie - yes you can be. Sephi will not shower you with love but he will shower you with money money money and lots of it. Or get a really big fan to blow his purple notes from the sky to us!

Sephi - congrats on Sycal.

Matrix - I think your message is getting through. I have certainly learned to be more disciplined, although not perfect yet.

I personally do not see the need for you to change the thread's name. I don't know how others feel. When you are traveling, anyone can just pop by to help out. I still find your weekly summary very useful as it presents a real life case study to us.

At the rate you are going, very soon you will have seen most parts of China! Cheers.

Connie, Sephi and Everyone - Happy & Money money morning!

novice8 - good morning

tonylim - good morning.

Hepitrade - EAH: Just to add on to SF analysis, it did formed a double bottom between 4/3 and 9/4 with a bullish tweezer bottom on 8 & 9/4 followed by a breakout with subsequent high volumes. However, it formed a bearish tweezer top on 16 & 17/4 suggesting a consolidation phase. For the bullish trend to remain valid, it need to stay above the 0.20 price level.

SF - thanks.

Matrix - how nice to be on holiday. Continue to enjoy yr trip.

connie - yeah, sephi is very discipline in investing in only FA stks and I like his selection of stks.

Sephi - more like platinum patience. To be able to hold for months is to be admired. But with gals, need to be fast and furious..ha ha ha..... right, Connie?

sephi - humbled by your comments but I ain't expert lah. Have always admired your early entry at low price into yr shares. Thanks for highlighting EuroSP. I absolutely agree with you on Insas. Still some more upside to it with strong support at 1.20. I am monitoring to scale in more at about 1.20 to 1.22. Cheers.

i3raymond - by the way, thanks for highlighting LBAlum. I will be monitoring it for a possible trade.

i3raymond - yes, I think so.

i3raymond - LBAlum: 1st attempt at breakout was on 9/4 on relatively high volume. This attempt failed and it went into a tight flag retracement channel. It broke out from its resistance trend line on 16/4 and the buy signal was triggered today, 17/4 when it hit 0.63. Resistance at 0.65 has also been taken out at the time of this comment. It is continuing its bullish trend with volume and will be scaling new highs if the trend is sustained.

Caveat: As usual, this is not a recommendation to buy or sell. Sorry, for being long winded on this caveat.

miracle4faith - Smartag: I do not know the company in detail, so unable to comment on the future of it. TA wise, it is not a counter traders would trade at this point in time although its volume has picked up unless someone has some inside information. FA wise, very weak fundamentals. It is also not a counter I would invest and trade as any increase in price could be very speculative. It made increased losses in 2013 with negative cash flows from operations, not to mention free cash flow. Loss per share stands at -7.54 sen.

So, the risk is very high trading it.

Good morning Connie, Sephi and all. Have a great day ahead.

brendonyeap - Sunway: SF is right. It is very bullish and will need to take out the resistance price at 3.23. It formed a bullish harami on 9/4 when it opened with a gap up. A strong buy signal was triggered on 10/4 when it opened higher and closed above the downward resistance trendline. Immediate support is 2.96 and major support is at about 2.90. TP1 of 3.08 was achieved on 15/4. If the resistance of 3.23 is taken out, the next TP is 3.37.

Congratulations on yr winning stock. As always, do have a plan to lock in profits.

SF - really appreciate you helping out. Thanks.

spider99 - Matrix is in China currently. Hope the analysis below helps.

GHLSys: Has turned bearish with an immediate support price of 0.855 and an immediate resistance of 0.96. Made a MACD bearish crossover on 15/4. It has retraced more than 61.8% since it first broke out with volume on 24/3. Major support is at 0.80. Any further selling tomorrow with volume, could see it trending towards 0.855.

The decision to cut loss or to average down is yours. We can only present to you the TA scenario. We usually do not average down unless you are investing in the counter for the medium to long term and its intrinsic value is higher than its current price which means you will be increasing your margin of safety by buying in lower.

I would suggest you set a stop loss price in case the bearish momentum increases. If you wish to buy in further, I would suggest you wait for a price reversal pattern as you are probably aware, we do not want to catch a falling knife.

connie - real busy these past few days so much so I missed some buying opportunities on Monday. No, I am not in PJDev. I am also trading GOB. Had a very good trade with Ideal and its OR. Am monitoring Sycal as suggested by Sephi. Missed visiting here and of course, chatting with you. Will try to catch you later.

connie - just a quick congratulatory note to you on yr quickie "in & out" profits in GOB and now Salcon. Happy for you. Wish you more profits ahead.

matrix - thank you for your kind words. Glad to be able to help out. MrGala's method is interesting. Never occurred to me before to look at 200ma on the hourly chart.

MrGala - thanks for sharing your method here.

robertoBaggio66 - Symphny: Earlier I did post my analysis as follows in response to miracle4faith:-

Posted on 9/4: Broke out on 27/3 to start its bullish trend with volume. It hit its TP1 of 0.28 yesterday, 8/4. TP2 is 0.35 and TP3 is 0.41. Immediate support is 0.27 to 0.275. It is scaling new highs. Catalyst: Takeover by Ranhill. I am also trading this counter with an entry price of 0.21. Caution: The increase has been fast. Remember to set your profit protection price and stop loss price.

Posted on 15/4: Under consolidation now with an immediate support at 0.27/0.28. It is trading with a Price/RSI divergence, i.e. losing momentum. But I still feel that the upside potential is still there. Under such a scenario, depending on your risk profile and entry price, I strongly suggest you set a profit protection price in case it turn against us.

Additional comments: It attempted to break 0.315 on 11/4 & 14/4 but failed and instead formed a dark cloud candle on 14/4, pre-empting a consolidation phase.

matrix - i don't mind doing Symphny for roberto later as I am now not home yet.

matrix - Dsonic's case is a good reminder to all of us on the need to have a trading plan with exit prices, on discipline, on control of emotions and most importantly, to lock in profits when the opportunity arises. That is a big drop.

htyeap125 - thank you for helping out. Appreciate it.

spec9888 - Welcome. I am afraid we do not recommend shares here but we do share TA analysis here. Please feel free to share your thoughts on any counters here.

matrix - no problem, I will help out with the TA as much as I can. Have a safe and enjoyable trip. Do drop in when possible.

SF - will be good for you to help out too when you do pop in here. Thanks.

miracle4faith - yes, I am still in Symphny. Anymore weakness towards 0.27, I may lock in profits first.

miracle4faith - sorry for this late response. Had been really busy yesterday so much so that I did not even get to monitor my shares. Missed out on some buying opportunities.

Symphny: Under consolidation now with an immediate support at 0.27/0.28. It is trading with a Price/RSI divergence, i.e. losing momentum. But I still feel that the upside potential is still there. Under such a scenario, depending on your risk profile and entry price, I strongly suggest you set a profit protection price in case it turn against us.

matrix - really happy to hear that your sister in law had a successful operation. I wish her a speedy recovery.

matrix/novice8 - thanks.

connie/speedyboy/novice8 - tough win to a pulsating game. Sometimes I wish Liverpool do not give such heart attacking moments to their fans. Now,can switch back to the share market tomorrow.

nivice8 - I am happy Arsenal made it to the final.

bbdd - just to add further, all comments here are not a recommendation to buy or sell. All trading decisions have to be made by each individuals themselves. Cheers.

miracle4faith - congrats on yr profits.

SpeedyBoy - thank you for your kind words. Actually, I am inspired by Matrix untiring efforts to answer the requests of everyone. Yeah, lets hope Liverpool can finally do it. I know, Matrix won't be too happy about it. Sorry Mat, MU will need wait another year. Ha ha ha .....

bbdd - Ideal Sun: the decision to trade will have to be yours. Do bear in mind that Monday is the last day for the OR to be traded. Also, the run up in the mother share from 0.22 to 0.425 within 4 days has been quite phenomenal.

TLTAN - Asiapac: Looks bullish after breaking its 0.23 resistance. It consolidated towards 0.25 after hitting a high of 0.275 and is poised for another attempt at 0.275, the new resistance level. Immediate support = 0.25. You might want to set your stop loss at 0.22/0.21. Immediate targets are 0.29 and 0.31.

brandonyeap - Encorp WA: Support price = 0.67 while resistance is 0.78. The TA for warrants usually does not give a true analysis of its price movement as warrants usually track the movement of its mother share. So, I usually look at the TA for the mother share for guidance.

Encorp: Just like its warrant, profit taking sets in after the latest run-up in price started on 27/3 that ended with a high of 1.44. It might have bottomed out at 1.37 and the bullish engulfing candle on 11/4 points to a resumption of its uptrend, subject to further confirmation as the candle was formed on relatively low volume and require follow up higher volumes for a sustainable bullish trend.

Any uptrend in the mother share will result in the warrant following a similar trend.

bbdd - yes, Time for Liverpool to bring home the title. We have a bit of a mix here. Matrix is MU fan inside out while Novice8 is Arsenal all the way. Sometimes, like boys, we poke fun at each others. Should be a great game.

novice8 - this time, maybe Wenger should try 40m pounds + 1 penny for Suarez. Ha ha ha ...

Matrix - enjoy yr Italiano food and wine and have a wonderful evening. Time to re-focus onto the Liverpool vs Man City game! Have a good weekend everyone.

connie - you too. enjoy yr dinner. Always good to chat with you.

connie - no, connie sounds so much better. More gentle and smoooooth. ha ha ha... You have been reaping profits already most days. Yeah, i locked in profits. Was lucky.

connie - hi

Have locked in profits for all Ideal Sun's mother and OR after its price shot up. A change of trading plan. Like Matrix always remind us - lock in profits when the opportunity arises.

pathew - thanks for highlighting Tebrau. A glance at the chart looks good.

connie - extremely busy day today. Not a bad trading day. Thanks. Yeah, beating Man City this weekend will make my day. Nightie night and good morning too.

matrix -i really wish i was in the real Sun City!

novice8 - my favourite reminder - "sedikit sedikit lama lama jadi bukit". So, its matter of time before you trade more. If I recall correctly, Warren Buffet started small too. In any case, it is not how small you trade, it's the profits that matters. Cheers.

Since I mentioned Ideal Sun City, I thought I share my thoughts here. Have bought into Ideal Sun City OR (Ordinary Rights) and its mother share for some quick trades. Will be converting the ORs into its mother share upon exercise date in about 7 days time. For the benefit of newbies, TA does not apply for this counter but FA does.

This was a PN17 counter but its financial structure has been regularized and it is no longer in that list. The OR is the result of the restructuring. Its profits is now back in the positives with a much improved financial standings with positive cash flow. Upon exercise date, need to pay 0.10 sen for each mother share and free warrants are attached to it. It works out to be a profitable deal.

Have traded ORs in the past and it is an alternative investment strategy but you must ensure that the company has good financials and you need to work out the details before jumping in.

tuck2 - you are right. I am trading both the mother share and its OR which I will convert to the mother share later.

matrix - ha ha ha.. No time for holiday. What I meant was I am trading Ideal Sun City, a counter on the Ace Board.

great.

connie - you online now?

pathew - am trading ideal sun and its OR. Good to see you drop by.

Tony/pathew - good morning

Good morning people.

connie - got windfall from shares? Good. Just a capuccino for will do.