Posted by ooi1955 > 2013-10-03 08:29 | Report Abuse

Dear Matrix, enjoy and have a warm and cozy holiday.
Travel safe, be Happy & be Healthy !

Posted by ProfitMan > 2013-10-03 10:08 | Report Abuse

Matrix, did you have a chance to look at Seacera. Sorry for the trouble.

Posted by jennylee1382 > 2013-10-03 10:16 | Report Abuse

Matrix enjoy and have a safe trip holiday.
Be Happy & be Healthy !

Posted by matrixcool > 2013-10-03 10:29 | Report Abuse

Tq Sis Metta, ooi1955,jennylee and ProfitMan for all the good wishes..I still can look the charts sometimes using hotel wifi..So will definitely pop in on and off.

Profitman, i did look at Seacera and this is kind of stock we trader call "Congestion" side way pattern.The stock normally moves in erratic,disorganized pattern with little follow through. We always avoid to trade on stock like Seacera..
I see you managed to pick many winners but Seacera you will find it hard to predict movement..

Happy Trading..

Posted by ProfitMan > 2013-10-03 10:56 | Report Abuse

Thanks Matrix.

Posted by htyeap125 > 2013-10-03 15:50 | Report Abuse

bro matrix, happy holidays to you ya and come back fully charged. Anyway, there is so much uncertainty in the US political n economy issues, this is the right timing to go holidays. Really admire u, other than stocks, ur holidays oso pick up at the right timing, hahaha .........cheers

Posted by matrixcool > 2013-10-03 16:10 | Report Abuse

Bro htyeap125 --Thanks.
I will still monitor the stocks on and off when back to hotel..
Still holding on Alam,Huayang and IJMLand...
Sold all my Engtex today..

Happy Trading...

Posted by matrixcool > 2013-10-03 22:56 | Report Abuse

4th Oct

1) ALAM— It is slowly forming the right shoulder of the “Inverted Head & Shoulder” pattern with neckline at $1.57(Doji formed on 20/09). If it could complete the pattern & breakout from $1.57 Alam is definitely a winner.
Today it break above $1.47 (Doji formed on 01/10), a break above $1.49 signal “Scaling In Buy” , It is expected to try next Resistance at $1.51/$1.57 (Strong Resistance).
Immediate support is adjusted to $1.42/$1.40. I am adjusting my exit level if $1.40 is violated as I like the formation of the pattern.

2) HUAYANG---Failed to close above $3.07, side way movement could be expected in near term. Any weakness should find support at $3.00/$2.96.It is expected to move higher to test next Resistance at$3.15/$3.22.Final TP is $3.50 by calculation.
Any weakness towards support of $3.00/$2.96 is a good time to collect for future play.
For trading I will exit if $2.96 is violated.

3) IJMLAND---Did not follow through with the Engulfing Bull candle instead closed lower that $2.74 today. Formed an inside bar today which is indecisive.
If break below $2.72 the Engulfing Bull formed yesterday could be the last engulfing top. More consolidation is expected towards $2.66/$2.60.
If break above $2.74 it is expected to re-test its next resistance at $2.80 and if it can break through with volumes IJMLand completed the cup and saucer pattern.
A break above $2.80 will take it to next strong Resistance at $2.97 and TP $3.22 by calculation.
Exit if $2.60 is violated.

Today cleared all my ENGTEX to lock in profits, may re enter when consolidation is over.

While on holidays I may still check on the stocks whenever there is opportunity to access internet.

HAPPY TRADING…

Posted by matrixcool > 2013-10-05 22:51 | Report Abuse

7th Oct

1) ALAM— It is slowly forming the right shoulder of the “Inverted Head & Shoulder” pattern with neckline at $1.57(Doji formed on 20/09). If it could complete the pattern & breakout from $1.57 with volumes. Alam is definitely a winner. 3 white candles after the “Doji” indicates more upward movement could be expected.
It is expected to try next Resistance at $1.51/$1.57 (Strong Resistance).
Immediate support is adjusted to $1.42/$1.40. Exit level if $1.40 is violated.

2) HUAYANG---As suggested, consolidate side way after the inverted hammer formed on 3rd Oct. Any weakness should find support at $3.00/$2.96.Huayang needs to stays above $3.07 to test next Resistance at$3.15/$3.22.Final TP is $3.50 by calculation.
Any weakness towards support of $3.00/$2.96 is a good time to collect for future play.
For trading I will exit if $2.96 is violated.

3) IJMLAND--- It break above $2.74 confirming the Engulfing Bull formed on 3rd Oct to carry on its Bullish movement. It is expected to re-test its next resistance at $2.81 and if it can break through with volumes IJMLand completed the cup and Handle pattern. It should scale higher.
The next strong Resistance is at $2.97 and TP $3.22 by calculation.
Exit if $2.60 is violated.


As I am on holiday from Sunday I might not be able to update my post every day.

HAPPY TRADING…

Posted by TESSA > 2013-10-05 23:01 | Report Abuse

thanks for sharing :)

Posted by pathew > 2013-10-06 02:07 | Report Abuse

Wow bro matrix, your dedication is commendable! Keep it up.. Haven't been following the postings lately.... Been busy with my other engagements.

Good to see you profit lots!

Posted by matrixcool > 2013-10-07 09:25 | Report Abuse

Tessa--Welcome to our thread..

Bro pathew, as a trader it is always important still keep in touch of the stocks wherever we are..The hotel we choose first priority is with Free Wifi & gym ...

Posted by citytrader > 2013-10-07 09:35 | Report Abuse

agreed with u matrix..

Posted by sephiroth > 2013-10-07 09:40 | Report Abuse

TA came out from hibernation(68-69 sen) and seems very bullish

Posted by Metta > 2013-10-07 09:45 | Report Abuse

Happy a.m everyone,

Bro Sephiroth mind 2 share TA wats ur TP ? Got trapped last time round at tis px . Hoping it can go to make some money .

TQ

Posted by Metta > 2013-10-07 09:53 | Report Abuse

Happy a.m Bro CT & htyeap

Wat ur crystal ball say about Engtex n LBS wa ? Failed 2 offload Engtex as per Bro Matrix reading of d chart......sigh. Puncak n KPS don't look gud so tot of selling of Engtex

If hv time wud appreciate if u can take a peek on both d ctrs.

Rgds

Posted by sephiroth > 2013-10-07 11:00 | Report Abuse

Metta, i buy at 0.575, my tp is at least 0.75

Posted by htyeap125 > 2013-10-07 16:58 | Report Abuse

hi sis metta, sorry to hear that u hv not sold yours. I sold all my puncak WB between 2.40 to 2.46. Now i dont really hv any stocks on hand. Hope to buy back puncak when the opportunity arise.

As for your engtex, i notice a spinning top on 2 Oct follow by another black candle the following day. From the chart, support is at 1.40 follow by 1.36 and 1.27.

I am oso looking closely (but not really free to do so... hahaha) at LBS- WA. Very volatile and good for trading. Trading range is between 0.76 to 0.87.

Posted by Metta > 2013-10-07 17:07 | Report Abuse

Hi Bro Sephiroth

Thanx for sharing your TA TP. Will hold n hope it move north.

Rgds

Posted by Kutty123 > 2013-10-07 17:09 | Report Abuse

thankx sephiroth for your TP..

Posted by Metta > 2013-10-07 17:18 | Report Abuse

Bro htyeap

Thanx for ur reply. Ooh.... I hv sold all my Puncak. M now waiting to reenter. Hence need your crystal ball to predict wat best px 2 move in.

LBS Wa n Engtex m stil holding. Hope it won't go down further....

Rgds

Posted by ProfitMan > 2013-10-07 22:54 | Report Abuse

Metta, I have sold off some of my Engtex and am still holding on with some more. I believe it will hover between 1.35 to 1.41 for the time being. But please bear in mind of the impending US debt ceiling crisis which could trigger some short term panic sell. I may liquidate all of my Engtex if it starts trending lower to about 1.37 this week and look for opportunity to enter again at a later stage.

Posted by Metta > 2013-10-07 23:04 | Report Abuse

Thanx Bro Profitman for sharing. Yup the dust has yet to settle down in USA....date 17 - 18th Oct to watch out for. Ya will offload Engtex 2 lock in profit 1st. Missed d opportunity to off load when px was higher ......sigh

Rgds

Posted by Jameslee > 2013-10-07 23:06 | Report Abuse

Metta , how much did u buy LBS wa ?

Posted by Metta > 2013-10-07 23:12 | Report Abuse

Hi James

Bot LBS Wa @ 0.72. I hv d bad habit of clinging to a stock....hahaha. Shud I juz offload to reap in d profit in view of the impending US debt ceiling crisis. Was hoping it can move further north....human greed

Rgds

Posted by matrixcool > 2013-10-07 23:14 | Report Abuse

8th Oct

1) ALAM— It is slowly forming the right shoulder of the “Inverted Head & Shoulder” pattern with neckline at $1.57(Doji formed on 20/09). If it could complete the pattern & breakout from $1.57 with volumes. Alam is definitely a winner. Today It cleared $1.51 and move to high of $1.54 but could not hold in before closing at $1.50 with a ‘long legged Doji” which is bearish signal, unless today high of $1.54 is taken out Alam is expected to consolidate lower towards support of $1.45/$1.42. Exit if $1.40 is violated.

2) HUAYANG---Still on side way after the inverted hammer formed on 3rd Oct,uptrend is very much intact. Any weakness should find support at $3.00/$2.96.A break above $3.08 it is expect to test next Resistance at$3.15/$3.22.Final TP is $3.50 by calculation.
Any weakness towards support of $3.00/$2.96 is a good time to collect for future play.
For trading I will exit if $2.96 is violated.

3) IJMLAND---As suggested tested Resistance at $2.81 but failed to clear it for the fourth time.It formed a “Spinning Top” today which is bearish showing the Bull could be in trouble. Unless it can break through $2.81 with volumes to completed the cup and Handle pattern. It is expected to consolidate downwards.
Immediate support is adjusted to $2.74/$2.70. I have increase my exit level if $2.66 is violated (To protect my capitals).
I am monitoring these 3 counters for possible trades:WTK (Seperating Line occur) & MPHBCAP- Rising Star pattern if $1.62 can be taken out.(Suggested by ProfitMan )

The hotel I am staying provides really fast Wifi in the room….

P/S Kutty123 --welcome to our thread.

Sis Metta--Do cultivate the habits of locking in profits..It is better to make some profits then seeing a winning position become losses.

HAPPY TRADING…

Posted by Jameslee > 2013-10-07 23:20 | Report Abuse

Hehehe Me too..

Posted by Metta > 2013-10-07 23:26 | Report Abuse

Hi Bro Matrix

Advise noted with thanx.

Sold off MPHB cap when listed @ Rm1.50. Dint reenter. Now waiting for opportunity,
WTK sold off during the last Sept when everything was so chaotic. Really feel like kicking myself now... also waiting to reenter.

Bro Matrix n all sifus think mkt now gud time to take position or wait n c 1st. ?

Rgds

Posted by matrixcool > 2013-10-07 23:37 | Report Abuse

Sis Metta,
August was real bad for us traders..September suppose to be worse but it turned out better than thought.
Oct til now is bad,so if you dont have a plan when enter a stock maybe it is better to wait..

Good Night...

Posted by ProfitMan > 2013-10-07 23:46 | Report Abuse

Matrix, great to see your postings. Good advice - better to wait.

Posted by matrixcool > 2013-10-08 23:24 | Report Abuse

9th Oct

1) ALAM— Still forming the right shoulder of the “Inverted Head & Shoulder” pattern with neckline at $1.57(Doji formed on 20/09). If it could complete the pattern & breakout from $1.57 with volumes. Alam is definitely a winner. Form a ‘long legged Doji” yesterday which was a bearish signal, but today it did not break below $1.49 level which is a good sign. unless immediate resistance of $1.54 is taken out Alam is expected to consolidate lower towards support of $1.47/$1.42. Exit if $1.40 is violated.

2) HUAYANG---Yet to break above the” inverted hammer” formed on 3rd Oct at $3.08,uptrend is very much intact. A break above $3.08 it is expect to test next Resistance at $3.15/$3.22.( With the Bonus Issues Ex on 10/10 it may settled at around the current level).Price and RSI has started to show some divergence which is not too healthy. Immeidate supports at $3.02/$2.99.May dispose some selling into strength and kept some for the Bonus issues exercise.

3) IJMLAND---As suggested after forming the “Spinning Top” yesterday IJMLand shows more weakness by consolidating toward its immediate support.Worse still it formed an “Engulfing Bear” today showing Bull may has loss its steam. It is expected to move downward towards supports unless $2.81 is taken out with volumes.
Immediate support is adjusted to $2.72/$2.70. I have increase my exit level if $2.66 is violated (To protect my capitals).

4) HPMBCAP—Broke out with a Rising window above $1.52 on 2nd oct with 4x Av volumes that add creditibility to the breakout. It is expected to scale much higher with immeidate target at $1.70/$1.74. Formed a “Doji” while consolidating on 4th Oct but “Gap Up” the next day to form the “Morning Star” pattern. Today break above $1.62 to confirm the “Morning star” with final TP of $1.84.
Immediate support is adjusted to $1.62 with strong support at $1.56. Any consolidation towards support is good time to collect for future play.Exit if $1.52 is violated( breakout turn support).
The only problem with this stock is that the price and RSI start to form divergence and a correction maybe due soon. I may sell into strength to lock in profits first and buy back during consolidation.
I am not monitoring any counter as I would be flying off to my next destination tomorrow and may not be able to update my stocks tomorrow night. Still,keep an eye on WTK coz the breakout from the Bullish Flag may scale higher.

P/S: Thanks to Profitman for highlighting MPHBCAP to us, apprecaite it.

HAPPY TRADING…

Posted by Metta > 2013-10-08 23:37 | Report Abuse

Hi Bro Matrix

Thanx for the update. Travel safe ...ya.

TC

Posted by ProfitMan > 2013-10-09 11:58 | Report Abuse

Matrix, you are most welcome. i hope you and the others make good money on MPHB Cap. Inari rose again by 4 sen today. I am still looking for opportunity to re-enter Inari again. Cheers. Enjoy your trip.

Posted by Metta > 2013-10-09 12:29 | Report Abuse

Happy Sunny afternoon everyone,

Hope 2day mkt brings cheers to all of u !

Bro PM ( Profitman ) , hv u offload d balance of ur Engtex ? Seem to b stagnant at current px. Wats ur tot on dis ctr ?

Wats ur view on MPHB cap ? Can reenter when retraced ?

Rgds

Posted by matrixcool > 2013-10-09 12:39 | Report Abuse

Thanks Sis Metta & Profitman..

Will be in the plane from Bkk to Xian later in the afternoon.
Locked in some profits on MPHBCAP at $1.65..some q at $1.66.

Happy Trading...

Posted by ProfitMan > 2013-10-09 14:02 | Report Abuse

Metta, I have sold off all of my Engtex at 1.40 yesterday to lock in profits because of the US uncertainty. I think this counter will be range bound at the current level. For how long, i do not know.

Some banks are calling buys on water related counters and there are also speculation that it will hit close to RM2 by year end. However, from experience, i always take such comments with a pinch of salt. I rather follow what the chart says, although I am still on a steep learning curve with technicals. Personally, this is a good counter with good fundamentals and if I am not mistaken, they have some manufacturing facilities that are near completion which will add to their production output. I will re-enter this counter when there is a reversal to another bullish run. This is my 3rd entry and exit from this counter.

MPHB Cap - this is also a fundamentally good counter. I am not in a position to say if it is worth entering but Matrix has raised concern on the divergence and a potential correction. My own TP is 1.80.

Matrix, I have always like Xian, although rather dusty but its history is fascinating. The females there are good looking too, apparently descendants of concubines. Cheers.

Posted by Metta > 2013-10-09 22:04 | Report Abuse

Bro PM

Thanx for sharing.

Ha...looks like not only the terracota armies fascinates u but also the beauties....argh..

Posted by ProfitMan > 2013-10-10 08:57 | Report Abuse

Metta, yeah, one of men's biggest weakness. He he he.

Posted by matrixcool > 2013-10-10 22:47 | Report Abuse

11th Oct

1) ALAM— Still forming the right shoulder of the “Inverted Head & Shoulder” pattern with neckline at $1.57(Doji formed on 20/09). If it could complete the pattern & breakout from $1.57 with volumes. Alam is definitely a winner.
It showed more weakness after the ‘long legged Doji” formed on 07/10, today formed a ‘Gravestone” Doji showing indecisive, the next candle whether break above $1.51 or below $1.48 will decide its short term movement. Unless immediate resistance of $1.54 is taken out Alam is expected to consolidate lower towards support of $1.47/$1.42. Exit if $1.40 is violated.

2) IJMLAND---As suggested after forming the “Spinning Top” 07/10 IJMLand moved side way with downward biased. Unless $2.81 is taken out with volumes it is expected to trend between $2.72-$2.81..
Immediate support is adjusted to $2.72/$2.70. I have increase my exit level if $2.66 is violated (To protect my capitals).

3) HPMBCAP—As suggested MPHB started its consolidation after the price and RSI start to form divergence, It is expected to move side way and immediate support is adjusted to $1.61/$1.59 with strong support at $1.54/$1.52 (Gap Support.Any consolidation towards support is good time to collect for future play.Exit if $1.52 is violated( breakout turn support). Any rebound may find resistance at $1.66.
Managed to cleared 30% of holding to lock in some profits at $1.65 two days ago.

4) SUPERMX—Re enter Supermx when support of $2.45 holds, a technical rebound is on the card. It is expected to re-test its “Downtrend Line” at $2.57 and if break with volumes it is expected to tackle $2.67 (Doji formed on 1st Oct.) Immediate support is adjusted to $2.45 which I will exit if this level is violated.

I also start to collect Muhibah when $2.30 holds, still waiting for it to breakout from the trending range of $2.26 to $2.40 to Scale In.
May also re enter Engtex the support of $1.38 holds well.

P/S Profitman I havent seen those pretty ladies yet in Xian as climbing HuaShan today..

HAPPY TRADING…

Posted by ooi1955 > 2013-10-10 23:28 | Report Abuse

Matrix, you are really a nice man. On holiday and you still think of of your members here. So good to read your posting. Enjoy your holidays..

Posted by matrixcool > 2013-10-13 09:45 | Report Abuse

ooi1955, all of us are bro and sis in this thread..Our purpose is everyone can make some $$$ together in stock market. We welcome anyone has good counter to suggest so we can look into it or invest together..Ya, i am enjoying my holiday and very excited tomorrow i can actually visit a desert near Inner Mongolia..I havent seen a Desert yet in my life...

Have a nice weekend..

Posted by htyeap125 > 2013-10-13 09:50 | Report Abuse

Bro matrix, i oso hv never experience to be in a desert b4, hope that i can go one day......

By the way, i am looking at a few counters lately. Encorp, Bahvest censof are forming ascending triangles, looks promising. Wait for their respective breakout. Fibon is forming a cup and handle.

Happy holidays to u ya

Posted by CityTrader > 2013-10-13 11:15 | Report Abuse

so nice to have vacation. I like China but dislike the guys there n ladies mostly are pretty, fair n tall. !

Posted by CityTrader > 2013-10-13 11:25 | Report Abuse

Matrixcool, tq for sharing. Happy vacation.

Posted by matrixcool > 2013-10-13 14:46 | Report Abuse

Bro htyeap125 & City Trader,

Thanks for sharing the counters you are monitoring..Ya the people can be rude and toilet could be terrible..Still the scenery is nice...

Have a nice weekend..

Posted by CityTrader > 2013-10-13 14:55 | Report Abuse

Hi htyeap125

For Encorp. It is in critical lvl of downtrending & is now sitting on the the ascending trend line as well as EMA50 of which price may restest the major support 1.06 if 1.10. Actually, it is forming an Descending Triangle. Same goes to Bahvest.

I agree with u on the formation of Fibon & TP=0.53.

Cheers!

Posted by inwest88 > 2013-10-13 14:57 | Report Abuse

I find this thread by matrixcool is one of the best in the 13 forum where everyone is so courteous, so kind and willing to share their opinions. No running down on others, no sarcastic or cynical comments etc. I would suggest should anyone come in with nonsensical postings, just do not respond to his comments. He will just fade away when no on bithers him. Happy a fruitful trading week to all !

Posted by jennylee1382 > 2013-10-13 15:12 | Report Abuse

bro matric you want to see desert should go to dubai

Posted by matrixcool > 2013-10-13 16:35 | Report Abuse

14th Oct

1) ALAM— Still forming the right shoulder of the “Inverted Head & Shoulder” pattern with neckline at $1.57(Doji formed on 20/09). If it could complete the pattern & breakout from $1.57 with volumes. Alam is definitely a winner.
After the ‘Gravestone Doji” formed on 10/10 it closed above $1.51 indicates more upward in short term movement. It could not break its immediate resistance of $1.54 last Fridayis,a break above will take Alam to its neck line level of $1.57. Immediate support is adjusted to $1.48/$1.45. I have adjusted my exit level higher to $1.45 to protect my capitals.

2) IJMLAND---As suggested IJMLand moved sideway with downward biased. Unless $2.81 is taken out with volumes it is expected to trend between $2.72-$2.81..
After “Engulfing Bull” formed on 02/10, IJMLand formed “Engulfing Bear” twice on 08/10 & 11/10 indicated the Bull may has lossed its steam. A break below $2.72 will take it back to $2.66/$2.60 levels.immediate Resistance is at $2.77, may clear some of my holding if this level cant be taken out soon.
Immediate support is adjusted to $2.72/$2.66. I have increase my exit level if $2.66 is violated (To protect my capitals).

3) HPMBCAP—As suggested MPHB started its consolidation after the price and RSI formed divergence,it tested its support of $1.61 twice and holds.Unless the immediate resistance of $1.66 is taken out HPMBCAP may carry on its consolidation.Exit if $1.52 is violated( breakout turn support).
Due to the Divergence mentioned I amy clear more of my holding during its uptrend movement to further reducing my holding.

4) SUPERMX— As suggested Supermx rebound further and expected to re-test its “Downtrend Line” at $2.57 and if break with volumes it is expected to tackle $2.62/$2.67 (Doji formed on 1st Oct.) Immediate support is adjusted to $2.45 which I will exit if this level is violated.May ‘Scale In” more when $2.57 is broken with volumes.

5) MUHIBAH—As suggested MUHIBAH break above $2.40 and “scale in” more shares and now my Avg Cost has increased from $2.30 to $2.36. It break out from $2.40 with increase volumes and formed 3 white candles indicate more Bullish upward movement to its immediate target of $2.56 if break may try its previous high of $2.72.
Immediate support is adjusted to $2.40( Resistance turns suport) which is also my Trailing stop to protect my capitals.

May re enter Engtex since the suport of $1.38 holds well, Also keen on AZRB & monitor Magna.

P/s inwest88—Thanks for your comments, you are right as we are here to help each other and with one aim only i.e to share informations & make some money together.
jennylee1382—Beside desert I also wanted to climb HuaShan and visit Terracotta (which I did).


HAPPY TRADING…

Posted by htyeap125 > 2013-10-13 16:49 | Report Abuse

CT, thanx for sharing. u are right that Encorp is forming a descending triangle if u take the top formed on 19 sept. But if u were to draw the horizontal line from 19 Aug onward, i suppose an ascending triangle is going to form soon, not as at now. The stock is stil down trend and is trading below its 30EMA. But once it can take out 1.10 in the next few days, we can expect an ascending triangle. Pls share ur opinion again , thanx

Will look at bahvest again later tonite.