Posted by kerenie > 2013-11-04 16:04 | Report Abuse

Hi, I'm absolutely new to trading, I've saw your post regarding books on technical analysis. Mind to shade some light on which are the good one to begin with? Thanks a lot!!

Posted by ProfitMan > 2013-11-04 16:11 | Report Abuse

Oops, sorry Metta, Engtex just trended lower to1.68 today.

Posted by lindw > 2013-11-04 16:35 | Report Abuse

oops, just bot the warrant. :(

Posted by pathew > 2013-11-04 16:38 | Report Abuse

long time no see matrix! looks like everyone picking winners lately... I've been busy with work so no time to follow...

anyway, i'm still waiting for yumcha session with all the sifu's here :D

Posted by connie9170 > 2013-11-04 17:02 | Report Abuse

Matrix, your loving and wonderful wife is one lucky lady. if you are so kind and generous with your bro & sis here, i can imagine how much you care for your beloved.

Metta, u like organic vegetarian food ?. have u heard of woods macrobiotic in ss2. they are the BESTED.

Posted by tiongms > 2013-11-04 18:20 | Report Abuse

Bro Matrix thanks for the analysis for Deleum & Genm.You are really good and should command deep respect.Thanks again.

Posted by KBYap > 2013-11-04 18:34 | Report Abuse

Matrixcool Thank you very much for your very thorough reply, I will follow your trades closely. Thanks

Posted by g888 > 2013-11-04 18:49 | Report Abuse

Thanks bro Matrix for the reply! I will try to accumulate more if there is pullback...happy trading!
Glad I found this forum...very genuine sharing!

Posted by Metta > 2013-11-04 21:30 | Report Abuse

Bro PM ya was tempted to reenter Engtex 2day but put on hold after reading Bro Matrix comment. But it manage to close higher than its low. Me too hv sold off n pocketed some nice profit. Think d water play game is not over yet ....please give me a shout when u guys buying in ya..

Oops Bro Matrix , think I hv frightened u wth my teasing ..hahaha. So much so u hv to declare ur marital status . Girls, looks like v hv 1 less available bachelor....sigh

Juz joking ya...

Posted by matrixcool > 2013-11-04 21:40 | Report Abuse

ProfitMan,me too. Cleared all my CENSOF at $0.64, choolooi, thanks again for highlighting the stock to me for a quick and fast trade. As suggested EngTex did close the gap at $1.67/$1.68.

Kerenie, welcome to this thread. There are many good technical books in major bookstores,since you are new maybe you can start with TA for beginner. I am into Candlesticks pattern. It does give very good Reversal patterns.

Bro pathew, you are always busy and we all miss you, the yumcha may need to refer first as I will be away for 1 month from Nov to Xmas..

Connie9170, thanks ! I think I am the lucky one..Will check woods macrobiotic…

Bro tiongms, Genm break out from the symmetrical triangle today, congratulation you are on a winner!

KBYap and g888, you are welcome. Remember the chart reading is not 100%, please have an exit plan if you are entering a trade with TA.

Have a nice holiday…

Posted by Metta > 2013-11-04 21:49 | Report Abuse

Hi Connie, yup i used to hv my lunch at Woods in Bangsar .Tat is their 1st shop than they open in Jln Bkt Bintang. Dint know they hv opened in SS2. In SS2 d 1st organic shop is green meadow.

U can also try organic recipe in BU n simple life in mid valley. Serve gud organic vegetarian.

Yummy yummy

Posted by Metta > 2013-11-04 21:59 | Report Abuse

Hi Pat , nice to hear from u. Ya dint c ur posting for awhile .

Was reading thru some earlier post in tis thread. Bro Tony , yup M stil holding my Tropicana...dint heed Bro Matrix advise. Shud hv exited at that time but like always was hoping for a better 2molo. Now it become too painful 2 offload n stil carrying the baby....bleeding badly from tis ctr......sigh

Posted by connie9170 > 2013-11-04 22:10 | Report Abuse

Hi Metta, got a link here for u to check out woods ss2.
http://www.healthyfoodmalaysia.com/contact-us-healthy-food-malaysia/

Yup tried simple life before but in sunway pyramid. BMS organics in 1U also not bad.

Am checking my portfolio risk ratio using Matrix methodology. NOT very encouraging. Too high risk...sob sob. No nice holiday tomorrow :(

Posted by Metta > 2013-11-04 22:13 | Report Abuse

Thanx sis.

Posted by choolooi > 2013-11-04 22:15 | Report Abuse

Bro Matrix, I am glad we all made $$$$$ from Censof.. I am still holding the mother and daughter as that was my original plan. Earlier I had sold off one batch already.
Will let it trend for another day or two to see how it goes.
To the new visitors,,I am happy to read the high regard you all give to the founder of this thread...the comments echo my sentiments when I first came in here.
Yes I am very grateful to him for teaching me to see Bursa from different angles

Last Friday I bot PMCORP.

I see from the trading in bursa, this could be the Season of UNDER RM 1.00.
The big guns move fast and furious....

Bro Pathew, happy you come visiting.
Yeah one day we shall have a gathering.

Sis Metta, Matrix is pulling your leg... He has a very good sense of humour...
Remember his STOCK GOD phrase.
We are all one happy group , married or single, with only one objective ......TO MAKE SOME 932 for fine dining , to pay for holidays and to give some back to the not so fortunate folks....

Posted by addyisme > 2013-11-04 22:37 | Report Abuse

Hi, I'm new to stock trading.
could use all the advice from all you sifus.
多多指教！

Posted by Metta > 2013-11-04 22:45 | Report Abuse

Ya Sis choolooi , v r 1 big happy group ! Making or losing is part of the game. V must all count our blessings n b grateful as v can stil financially afford to trade in d mkt...ya.

Agreed with Sis choolooi ...Most importantly remember to give back to the less fortunate whenever possible...

Stay happy and healthy everyone .....cheers

Posted by ProfitMan > 2013-11-05 01:53 | Report Abuse

Matrix, Engtex formed a hammer pattern today. Based on my Fib Retracement reading, it seems to have bounced off the 38% retracement level today (subject to further confirmation on Wed) which happens to be about 1.67. If the counter can hold at around 1.67, I may be looking at an entry price of around 1.67 to 1.69. What do you think?

Posted by matrixcool > 2013-11-05 15:36 | Report Abuse

Sis Metta, for Tropicana you are what we call from trader to become ‘Involuntary investor”. You should have taken the losses earlier, I will explain to you why you need to take losses as low as possible.
Many of us may not realize but do you know that a 10% decline in price needs 11% effort to get back. I will quote an example: if you buy a stock at $1.00 and it comes down to $0.90 which is 10% loss, but from $0.90 to climb back to $1.00 has become 11%. So if your stock decline 50% say to $0.50, then the effort to go back from $0.50 to $1.00 has become 100%. Got the picture? So you must always limit your losses by “Lose little but win big”.

Choolooi, I am happy that you still have Censof maybe you should set a trailing stop to protect your profits. I am happy with the gains for such a short period. Will re look if break above $0.645 convincingly.

Addyisme, welcome to this thread. I am sure lots of bro and sis will help you if you have any query on trading.

profitMan, thanks for sharing EngTex, I am not familiar with Fibonacci number but the gap supports of $1.67/$1.68 happened on 28/10, must be a coincidence that it is the 38% retracement. Ya, it did form a long lower shallow(hammer) which is normally a Bullish reversal. Just be a bit cautious as three black candles past 3 days.

Happy Holiday..…

Posted by lindw > 2013-11-05 15:55 | Report Abuse

Thks Matrix, didnt realise it until you explain. still holding Tropicana which is now at 25% discount

Posted by sephiroth > 2013-11-05 16:07 | Report Abuse

matrix, can you check on the chart on TA(4898), my paper gain is 33.9% and considering to exit but TA seems very bullish making new high everyday and the substantial shareholder Tony hence T from TA keep buying(bought 3m shares in 3 days)

Posted by choolooi > 2013-11-05 16:28 | Report Abuse

thanks .. your advice noted.
will monitor tomoro.
yeah will set trailing stop.

also noted your views on minimum loss.
this is what i mean you teaching me to look at BURSA trading from another angle.

Posted by ProfitMan > 2013-11-05 19:10 | Report Abuse

matrix, thanks for the caution.

Posted by matrixcool > 2013-11-05 21:03 | Report Abuse

Sephiroth, the chart reading for :
TA--- Stage 2 of the cycle, very bullish. Breakout from $0.735 with volumes on 4th Nov. and hit high of $0.78 (Doji formed on 08/04/2011 need to be taken out). If break will test the previous high of $0.825/$0.86. Immediate support adjusts to $0.74/$0.735. Congratulation on your winning in this stock but it may be a good idea to put a “Trailing Stop” to protect your profits. Thanks for highlighting the stock to us, I am also interested if $0.74/$0.735 holds.

Lindw- I normally limit my losses to be less than 10%, preferably 5-7%.

Choolooi—don’t worry, we are learning every day. It is not easy to pick a winner when we found one we will try to ride on the profits as long as we can.

profitMan, i am also interested in EngTex,hope the hammer is the Bullish Reversal too.

Happy Trading..

Posted by choolooi > 2013-11-05 21:55 | Report Abuse

Htyeap125 did ask you to do a reading on TA enterprise , and to confirm his reading 2 or 3 trading days back.

Posted by matrixcool > 2013-11-05 23:08 | Report Abuse

6th NOV

1) AZRB— 3 Black candles for the past 3 days and resting on my Stop Loss level of $0.96. AZRB is very bearish and most likely to break below $0.96 soon, any rebound may be a good time to clear some holding. Unless it could break above the downtrend channel at $1.02 with volumes AZRB is most likely the first counter that I need to take some losses in November.Exit if $0.96 is violated.

2) GUNUNG—After Dark Cloud formed on 30/10,GUNUNG kept moving downwards and may test its next support at $0.905/$0.89 (Up Trend Line).GUNUNG is expected to rebound when hit near $0.89. 4 black candles for the past 4 days, it is very bearish. Immediate resistance adjusts to $0.95/$0.975. Exit if $0.89 is violated.

3) HAPSENG—I have accumulated HAPSENG around $2.40-$2.43 ,now my average cost is about $2.42. Chart wise it is expecting to swing higher after finding the bottom at $2.36, If it can clear the “Doji” formed on 31st/10 at $2.47 it is expected to re-test previous high of $2.62. Immediate support is at $2.40 and strong support is at $2.36. Exit if $2.36 is violated.

4) MPHBCAP- Again Price and RSI started the Bearish Divergence indicates the undertone could be weaker that thought.Further side way movement is expected. Trending range is at $1.66 to $1.73. Exit if $1.66 is violated.

5) PELIKAN— The Engulfing Bear formed on 30/10 ($0.69) and Dark Cloud formed on 22/10($0.72) is shadowing the uptrend movement of Pelikan.A break above $0.69 signal its uptrend movement. Do exit if $0.66 is violated as Pelikan will turn Bearish if this level is violated.

I am also monitoring Perisai, Star (Stage 2 of the cycle), CAP & PRTASCO.

P/S : Oh ya, Karex listing tomorrow, hopefully It will give some good premium..

Choolooi, Bro htyeap is very good at the chart reading, what he said about the TA need to breakout from $0.74( Strong Resistance) is exactly correct.
HAPPY TRADING…

Happy Trading...

Posted by Metta > 2013-11-06 00:45 | Report Abuse

Thanx Bro Matrix for d gud lecture.

M trying to be less emo n more disciplined ! M learning everyday.

Thanks Bros n Sisters for all your generous sharings !

Stay healthy n happy !

Posted by tiongms > 2013-11-06 05:48 | Report Abuse

Bro. Matrix your anlaysis for Hap Seng and Mphbcap extremely good and great expertise.Good forecast.Thanks & Regards

Posted by htyeap125 > 2013-11-06 08:59 | Report Abuse

Bro matrix, I am not very good at reading chart but still learning from all sifus here. In fact, I pick up most of the technique from u, OTB and Trustme 932. I get to expose myself to TA few years back but didn't apply at all as i thought long term investors will be the ultimate winners. However, the choppy market woke me up and i started to take out my limited resources and revise, couple with the help from some links i post here earlier. In fact, it was my IJM land that woke me up. It went up to abt 3.30 but i didn't sell off n it was back to my purchase price at 2.50.What a waste !!! Not to forget, a friend who introduce me to this forum some time in Aug this year and your thread has actually benefit me a lot, thanx again bro.

Hope we can meet up one day for the yam cha

Posted by matrixcool > 2013-11-06 10:12 | Report Abuse

Sis metta, ya, must learn to be disciplined, the only way to make $$$ from this stock market.

Bro tiongms, thanks for your comment. “ A picture tells a thousand words”. We just interpret the chart whether it will go as we reads depend on the market sentiment. The important is you have a plan then it is ok to trade any counter.

Bro htyeap, it is never too late to apply your TA knowledges for the entry and exit. The trading plan is the important one for example your IJM Land when hit $3.30 you must set a “Trailing Stop” to protect your profits.
Ya..it will be nice to meet sometimes for Yum Cha or dinner..

Oh sold all my Karex, very happy with the returns..Month of Nov. suddenly turn out to be a good start..

HAPPY TRADING..

Posted by jennylee1382 > 2013-11-06 10:24 | Report Abuse

bro matrix pls looks at cuscapi

Posted by inwest88 > 2013-11-06 10:25 | Report Abuse

# matrix - looks like you are verr lucking in sticking IPOs - UMWO&G, Karex etc

Posted by ProfitMan > 2013-11-06 10:43 | Report Abuse

Matrix, congratulations with Karex. You have been doing very well with IPOs. Great stuff.

Posted by matrixcool > 2013-11-06 11:17 | Report Abuse

jennylee, ya Cuscapi breakout from $0.48 today, if the $0.48(Resistance turns Support) stays the next target is $0.54/$0.58. Any weakness is a good time to accumulate for future play. Congratulation you are on a winner. Thanks for sharing. I may buy some too.

Thanks inwest88 and profitMan, ya I am very lucky but too bad did not get Caring..Still I am very happy from the profits of Wport,UMWOG and Karex..

Pelikan—Break out from Down trend Line just now, I scale in another 40% of shares.

Happy Trading..

Posted by twobits > 2013-11-06 11:42 | Report Abuse

Matrix: before breakout from downtrend line, Pelikan read descending triangle. Most of the chartist would stay sideline on it 1st cuz it might trend downward. Why would you still monitor it?

Posted by ProfitMan > 2013-11-06 12:01 | Report Abuse

Matrix, indeed you are lucky. My brother in law and I put in a bid for UMWOG, but they restricted the bid to big institutional buyers for this counter which they normally don't. Good for you. Now you can include supper in, maybe, London into your international itinerary. Cheers.

Posted by matrixcool > 2013-11-06 12:36 | Report Abuse

Twobits, I would like to share my trading plan of Pelikan with you.
For Pelikan it is at stage 2 of the cycle, very bullish.This uptrend is considered intact as long as $0.60 is not broken. For me I bought this counter average at $0.68 and put a stop Loss below $0.66 ( at 2 cents risk while the uptrend target of $0.72/$0.80, my risk ratio is larger than 1:2 ). The Descending triangle you are referring to is actually a Pennant, a triangle does not have a Flag Pole like Pelikan. But you are not wrong if it breaks below that level it will most likely go all the way down to $0.60. Actually Pelikan is forming a Bullish Flag with the range of $0.60 to $0.69. For long term traders there will only exit if $0.60 is violated. For me, I am just a position trader I would not take a loss more than 10% . As I always say everyone is different so I am just sharing my trading method with everyone that read the thread here. I don’t advise anyone to buy the stocks I am trading neither do I advise anyone to sell. Hope this helps.

profitMan—It is ok you don’t get it this time, better lucks next time.

Happy Trading..

Posted by Lollipot Anison > 2013-11-06 12:38 | Report Abuse

gpacket breakout soon?

Posted by imoogi99 > 2013-11-06 13:04 | Report Abuse

Broke as long as it close above 0.525. Now is in the up cycle after 50% retracement to 0.45/0.455.

Posted by Metta > 2013-11-06 13:19 | Report Abuse

Bro Matrix n Bro PM

Engtex retraced. Hv time can hv a look at Engtex again. Time to buy in ? Read ur posting...will it reverse or to b cautious of the 3 black candles ??????????

Thanx n Rgds

Posted by miketyu > 2013-11-06 13:39 | Report Abuse

How about salcon? Volume + positive news?

Posted by sephiroth > 2013-11-06 13:44 | Report Abuse

matrix, just to note that HAPSENG-WA is much better choice as it is trading at 2 sen discount to mother share (exercise price 1.65 + share price 0.79 = 2.44) mother share 2.46

Posted by pathew > 2013-11-06 13:46 | Report Abuse

bought gpac and cuscapi which I sold for some kfc money...

Posted by bbinvest > 2013-11-06 13:48 | Report Abuse

Hi Matrix, appreciate your view on current stage for Inari, Mmode, Fibon & Scomies. Have been following your thread for some time. Thanks for your invaluable sharing.

Posted by ProfitMan > 2013-11-06 14:23 | Report Abuse

Metta, Engtex broke through 1.67 and it turned bearish today with more volume. Its immediate support is now 1.59 and then 1.55 while its immediate resistance is 1.68/1.69. In view of that, I will be delaying my entry to see if 1.60 can hold and also to wait for more sellers exhaustion. I will also wait for reversal.

Yes, Matrix did caution us about the 3 black candle and sure enough it turned bearish. So, my stand is to wait and monitor.

Posted by matrixcool > 2013-11-06 14:56 | Report Abuse

Welcome Lollipot Anison , imoogi99 ,miketyu& bbinvest to this thread, thanks imoogi99 for clarifying GPacket chart wise.

Sis Metta, profitMan makes the right assessment on EngTex, It is heading south after breaking below $1.67 today.

Sephiroth thanks for the information on Hapseng WA, appreciate your inputs. I already bought the HapSeng earlier, not too sure about trading warrants as it has a expiry dates right?

Bro pathew, Cuscapi is very Bullish after the breakout today..alert by jennylee. Thanks jennylee..

Bbinvest, I will look into the charts of Inari, Mmode, Fibon & Scomies for you later. Anyone who is trading these few counters? Maybe you all can help bbinvest out here..

Happy Trading..

Posted by Metta > 2013-11-06 15:27 | Report Abuse

Thanx Bro PM n Bro Matrix for Engtex.

Bro Sephiroth, r u holding tight to ur TA ?

Rgds

Posted by connie9170 > 2013-11-06 17:35 | Report Abuse

imoogi99, may i ask if GPACKET is on the way to stage (wave) 3 now which is a bullish wave after the 50% retracement ?. is it a good entry now ?. thanks !

Posted by twobits > 2013-11-06 18:52 | Report Abuse

matrix: :) ... its a Pennant! I zoomed too much in without looking at the big picture. Do you start collecting when the bullish flag is forming? or
you only start buying when it breakout from the pennant?

On digi, the breakout is total failure. 5.00 breakout with huge volume.. but EPF selling hammering the price down... not back to square one. What is your view on the direction of this counter?

Always.. thanks for your input!

Posted by connie9170 > 2013-11-06 20:39 | Report Abuse

matrix, sorry to bother. i need your advice on GPacket.
1) i can see that it's uptrending after the 50% retracement
2) vol is above avg, long white candle is bullish, going into wave 3
3) here is my risk ratio analysis :-
Buy price - 0.55
Exit - 0.51
TP - 0.64
Risk - 1 : 1.4
appreciate it greatly if you cud help me check my risk analysis. thanks so much matrix :)