Posted by twobits > 2013-10-29 16:27 | Report Abuse

Matrix: Whats your view on Digi? Breakout at RM 5.00 after consolidate for a month. Target 5.35 / 5.40. Huge volume today.

Posted by faberlicious > 2013-10-29 16:37 | Report Abuse

Don't worry Matrix,when I say thanks for the tip,I was refering
to the charts. Ultimately ,we have to decide ourseves whether
to buy/sell or hold.
May the best price be with you! :)

Posted by matrixcool > 2013-10-29 19:07 | Report Abuse

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...

Posted by twobits > 2013-10-29 20:12 | Report Abuse

Matrix: If a stock on the verge of breakout but market is heading into correction / downtrend stage. Would you wait for the correction done? or you will disregard the market trend and jump into the bandwagon?

This ?? always hinder my investment decision.

Posted by matrixcool > 2013-10-29 21:05 | Report Abuse

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

Posted by JTFX > 2013-10-29 21:41 | Report Abuse

matrixcool,twobits, just to discuss..i wud only buy in such a situation..only if the breakout is due to a strong catalyst..i.e such as a takeover eg Focal, privatisation or a new strong Sh Holder like Quek in TTH..Otherwise, i wud nvr buy in the face of a KLCI strong sell off or correction like the prev 1800-1660 correction. only my opinion.tks..

Posted by matrixcool > 2013-10-29 21:59 | Report Abuse

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…

Posted by choolooi > 2013-10-29 22:42 | Report Abuse

Thanks bro Matrix, now I understand term "scale in".

Good nite and happy harvesting tomorrow .

Posted by ProfitMan > 2013-10-30 01:24 | Report Abuse

Matrix, pls check out Daya Materials. It first broke out on 1/8 with volume then retraced and consolidated and on 10/10 started on an uptrend. It broke out again on 22/10, also with volume and then there was a tussle between buyers and sellers. It formed a dragonfly doji on 24/10 followed by a gravestone doji on 25/10. On 29/10 a bullish engulfing pattern emerged. It has strong support at 0.345 with a resistance at 0.37. I believe it is on the verge of a breakout from 0.37. Kindly comment.

Posted by ProfitMan > 2013-10-30 01:33 | Report Abuse

choolooi, forgot to congratulate you on MYEG. Congrats! Really happy for your windfall gains. In trading, it is profits like these that really makes you feel good. Cheers.

Posted by choolooi > 2013-10-30 06:37 | Report Abuse

Thanks Profitman. You will also get high returns from Censof . I am going to watch it closely and shall "scale in" ( using bro Matrix term) when it dips.

I sold off Daya just before I left for Burma, made a small profit.
Yesterday I q to buy Digistar when I saw it moving with volume .cannot get at 0.285 .

Posted by JaniceLove > 2013-10-30 07:40 | Report Abuse

Thanks Profitman and Matrixcool for your feedback. Have a good day.

Posted by wat155 > 2013-10-30 07:47 | Report Abuse

Wish to join your club..Happy trading

Posted by connie9170 > 2013-10-30 08:12 | Report Abuse

Morning choolooi hope u cud get Digistar. Am in this counter since last month. I'm in Censof too. If only she could soar like Myeg !!!

Posted by choolooi > 2013-10-30 10:03 | Report Abuse

Morning Connie, I could not get Digistar yesterday . Q at 0.285 sen.

I am not going to buy it as funds allocated for stocks used up. I am still holding Digistar . Bot it in mid September when it was really a star for that moment in time. I did not clear off all . Still not that disciplined.
Bro Matrix had advised time and again to be objective.

Posted by matrixcool > 2013-10-30 10:23 | Report Abuse

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…

Posted by choolooi > 2013-10-30 10:47 | Report Abuse

Bro Matrix, yes you told us you clear all Digistar.
You always tell us your entry and exit points.
However, Bursa operates under the program OF POINT IN TIME.
For me many a time, the buyer or seller had gone by the time I key in my order., that is if I want to buy or sell out right.

I had two batches of STARS .i only threw out one batch. Loss covered by the gains from Inari and Rubberex .

Who knows it may turn out to be a real STAR this time round !!!!!!

Posted by twobits > 2013-10-30 11:14 | Report Abuse

Matrix & JTFX: Thanks for the input.

Lets take SCABLE for example..
Trending higher today.. testing 1.70 / 1.73 level.
Volume is 5X of yesterday as of 11.00am.

Would you wait it to break 1.73? or buying now since the volume is building up nicely?

Posted by ProfitMan > 2013-10-30 14:02 | Report Abuse

Matrix, as always, appreciate your comments. I always like your analysis. You have an eye for critical patterns in the charts. Weida has hit the 1.90 level.

twobits, just to weigh in on your scenario. If a counter is about to break in a bearish overall market, I would trade but my holding period will be very short term and my trailing stop would be high. With your Scable example, although I am not very familiar with this counter, depending your risk appetite, I would probably wait for a bearish or bullish confirmation first before entering. Just my opinion based on my limited knowledge of Scable.

Posted by matrixcool > 2013-10-30 14:29 | Report Abuse

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…

Posted by matrixcool > 2013-10-30 14:34 | Report Abuse

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

Posted by jennylee1382 > 2013-10-30 14:45 | Report Abuse

bro matrix hv you buy scable. when is 1.50+ the time i hv mentioned to you

Posted by matrixcool > 2013-10-30 14:49 | Report Abuse

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

Posted by jennylee1382 > 2013-10-30 14:55 | Report Abuse

yes bought at 1.532

Posted by jennylee1382 > 2013-10-30 14:56 | Report Abuse

sersol is going, but i didn't get it at 0.395

Posted by Doremi > 2013-10-30 15:01 | Report Abuse

Matrix- any comment on Alam?

Posted by twobits > 2013-10-30 15:14 | Report Abuse

thanks for all the input.

Matrix: For scable, neckline will be 1.73. Breakout price is 1.76?

For Digi, neckline will be 5.00. Breakout price is 5.06??

I dont have positions in both stock. just picking them for discussion

Posted by matrixcool > 2013-10-30 15:22 | Report Abuse

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..

Posted by connie9170 > 2013-10-30 15:36 | Report Abuse

Matrix your explanation on Scable chart is so clear. Can see all the points u mentioned. No good news for Pelikan and MPHBCap today. I have both counters :(

Posted by matrixcool > 2013-10-30 15:56 | Report Abuse

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...

Posted by connie9170 > 2013-10-30 16:08 | Report Abuse

i open the charts and study your analysis everyday Matrix. am extremely determined to learn more. am holding for LONG TERM (Dialog, Pharma and SKPetro) and SHORT TERM (Censof, Digistar, Hovid, MPHB, Pelikan and THHeavy). Anyway, just wanna say TQ again for your sharing :)

Posted by matrixcool > 2013-10-30 22:02 | Report Abuse

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..

Posted by inwest88 > 2013-10-30 22:44 | Report Abuse

matrixcool, it is very kind of you to spend some time every day to share your trading transactions and at the same time providing analytic comments on entry and exit points. I am sure a lot of i3 members appreciate your effort. Keep up the great effort. Happy trading !

Posted by ooi1955 > 2013-10-30 23:00 | Report Abuse

Matrix, I'm in the same boat as choolooi. Still holding on to Digistar. I read your post and know you have already exit but I'm going to hold till end of this year than I'll cut loss or hopefully gain. Anyway I took heed of your kind advise, have already cut loss on some of my sleeping counters and switch to Censof WA & Engtex WA. Thank you so much Matrix.

Posted by tonylim > 2013-10-30 23:14 | Report Abuse

Bro maxtrix... some time ago this thread talked about tropicana. Is there anybody here wt common interest? I feel it might be time to look at it again. Anybody here has the TA readings of tropicana.

Posted by choolooi > 2013-10-31 06:30 | Report Abuse

Morning everyone.
Profitman sums up very nicely our sentiments in this thread.
Since my first to this thread by Bro Matrix, I have got much exposure to different angles of stock trading .....I belong to the dinosaur age of trading where quotes of buy and sell were shouted across the floor by remisers and written order slips of paper were sent to the guy with head phones , who executes the transactions.....
Yes , on looking back, it was truly a miracle how Others and i had survived .....
Info on companies were manipulated. Corporate governance , where were you ?
Yet all traded because of our desire to make money.
Li Hen was just one company now written about.
Emico, Ekran,Idris,

Ooi 1955, it is okay if we still have Digistar. It is coming back again..
Important thing is to learn from the young ones....
This thread and another ( 932kaki ) are very good ones . Read their comments and absorb. The dinosaurs must evolve.... Hahaha!!!!!!

Everything is on the go these days

Happy trading

Posted by choolooi > 2013-10-31 06:34 | Report Abuse

Oops!!!!
I mean Inwest88 sums up the sentiment in this thread.

Haha!!!! Must be thinking of profit all the time....
Profitman....

Posted by connie9170 > 2013-10-31 07:16 | Report Abuse

gud morning choolooi, may our digiSTAR become a STAR today. no more dinosaur age eh welcome to the digital world !!!!

Posted by jennylee1382 > 2013-10-31 08:07 | Report Abuse

gd morning everyone here
chooilooi how is digistar will uptrend today

Posted by jennylee1382 > 2013-10-31 08:19 | Report Abuse

Matrix, I'm in the same boat as choolooi. Still holding on to Digistar but I think i bought in the high price at 0.29. I hv holding till now and hopefully gain at last. Anyway I would to listen of your kind advise, Thank you so much Matrix.

Posted by jennylee1382 > 2013-10-31 08:37 | Report Abuse

Bro Matrix what is the price are you going to enter PRTASCO

Posted by ooi1955 > 2013-10-31 08:58 | Report Abuse

Hi everybody! Choolooi we have ccompany.
Jenny & Connie so glad to join you all in the "digital world (quote from connie)".

Posted by connie9170 > 2013-10-31 08:58 | Report Abuse

jennylee, my price of DigiSTAR is much higher than yours sob sob :(

Posted by ProfitMan > 2013-10-31 09:22 | Report Abuse

choolooi, ha ha ha! good to think of profits all the time. Yeah, you're right, invest88 sums up everything.

Posted by matrixcool > 2013-10-31 10:16 | Report Abuse

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…

Posted by jennylee1382 > 2013-10-31 11:11 | Report Abuse

Bro matrix
thanks for the convincing analysis, it helps me a lot. TQVM

Posted by Vivi Yap > 2013-10-31 12:26 | Report Abuse

matrix can check intergrate tq

Posted by Vivi Yap > 2013-10-31 12:28 | Report Abuse

prtasco wat is the entry price thx

Posted by ooi1955 > 2013-10-31 12:43 | Report Abuse

Greatly appreciate your analysis on Digistar.
Thank you for caring, Matrix.

Posted by ProfitMan > 2013-10-31 14:18 | Report Abuse

Matrix, Daya broke out from 0.37 these past 2 days with volume. Would you consider this as the 1st wave? Thanks