Posted by sephiroth > 2013-11-09 09:16 | Report Abuse

choolooi, i'm also holding PJDEV-WC (bought at 0.32) exercise price 1.00 and still very long time to expiry 2020. The premium is only 10.9% meaning the market is predicting the mother share is only worth RM1.32(1.00+0.32) in 2020 which is ridiculous. i believe the mother share PJDEV is uptrending (if i buy the mother share % of return will be much smaller) if the mother share rise 5 sen, the warrant might also spike 5 sen (5/32=15.625% return)

Posted by sephiroth > 2013-11-09 09:40 | Report Abuse

Amprop (current price 0.845, bought 0.835) is also a good deal (based on FA) as Gamuda have offer buy Kesas shares from Amprop for RM250m or 25.6 sen per share) and gain of disposal is RM98m or 17 sen per share. Gamuda may revise offer as Kesas stake is a cash cow and strategic asset

Posted by ProfitMan > 2013-11-09 10:42 | Report Abuse

Interesting Man Utd vs Arsenal game coming up this weekend. For once, I will be supporting Man Utd to defeat Arsenal before they run away with the title. So, Matrix, for this weekend only, I will be a Man Utd fan!

Posted by jennylee1382 > 2013-11-09 14:47 | Report Abuse

Bro Matrix,Appreciate very much your analysis on Hapseng-wa and Prtasco. analysis.Best Regards.
What abt Insas this counter

Posted by jennylee1382 > 2013-11-09 14:50 | Report Abuse

Sephiroth may I know what is the next counter are you going to buy and enter at what price

Posted by sephiroth > 2013-11-09 17:09 | Report Abuse

jenny, i just bought amprop at 0.835, PJD-WC at 0.32

guys check out list below of overbought and oversold counters
http://www.my-rsiscan.blogspot.com/

Posted by Metta > 2013-11-09 20:59 | Report Abuse

Bro PM thanx for ur tot on Engtex WA

Bro Sephiroth looks like Insas n TA in overbought zone. If selling vol not well absorbed it will move south ya ? Wats ur strategy ...mind to share.

TQ n Rgds

Posted by sephiroth > 2013-11-09 21:14 | Report Abuse

metta, even overbought if well supported by news of privatisation (eg. TA) or corporate exercise (eg. insas) selling can be well absorbed and move forward, superb eg. like myeg trading at 40X PE coz of Budget 2014

Posted by connie9170 > 2013-11-09 21:27 | Report Abuse

sephiroth, your profit target ranges from 20% - 100%. gosh i looked at my portfolio, it is not even close. skpetro only gives me 13%. i must relook at my plan - profit 20%, risk ratio >2, exit =< 6%. i must also change my avatar to cloud (perhaps final fanatasy gives good fortune) :)

Posted by sephiroth > 2013-11-09 21:37 | Report Abuse

connie, 10-20% profit is alreadt very good, it's just that i'm very confident on the stocks i hold, eg. like FLBHD i just hold 4 days and grab 33% contra profit coz most of the stocks i bought have very high cash level, pays high dividend, make excellent net profit, eventually will attract investors. for eg. fibon (net cash per share 20 sen)bought 0.325 let go too early at 0.39 in 3 days(20% profit cabut) now 0.665(damn regret) btw u can also change yr avatar to squall/rinoa(ff8) tidus(ff10), lightning/snow(ff13) be sure grab ff13-3 coming feb 2014

Posted by choolooi > 2013-11-09 22:26 | Report Abuse

Sephiroth , thanks and happy that you share this stock .PJDEV wc.
Am busy packing. This is just a short note to say thanks first.

Posted by choolooi > 2013-11-10 12:08 | Report Abuse

# Sephiroth, by explaining PJDEV WA in this form , I am learning to think in terms of %
Yes, I read about Garuda buying Kesas but did not link this deal the way you pointed out. I just gave the article in the Edge a glance.... To be honest, even if I had read through I would not have come out with the conclusion the way you did.
You see with an eagle's eye , I see without my reading glasses. hahah !!!!!!

I want to express my thanks again for your kind and generous sharing.

Do you have a method/ program ( self developed) to help you identify these winning STARS ?
If yes, pls can share ? I shall be like Oliver, standing first in line , with bowl in hand,
"I want more"....
Email :::: choolooi @gmail.com

Happy trading , folks

Posted by choolooi > 2013-11-10 12:14 | Report Abuse

Sephiroth and Connie ,Do you play FINAL FANTASY ?
I am just guessing from the last remark by Sephiroth to conni asking her to change her avatar to squall .

I don't play PC games but I do sometimes google these games as I find the graphics so beautiful and the horizon so very wide.
Really wish I am 40-50 years younger....

Posted by connie9170 > 2013-11-10 13:58 | Report Abuse

hi choolooi, don't play but like the stunning graphics.

hey sephiroth, am ultimecia. need to be a villain in bursa to overpower hope, fear and greed.

sorry matrix we digress a bit here in your thread....from shares to final fantasy :)

Posted by matrixcool > 2013-11-10 15:03 | Report Abuse

Miketyu,pathew,Tiongms,bbinvest & jennylee, here are the charts reading for the counters you all had requested.

MMODE—Very Bullish at stage 2 of the cycle.It broke out from $0.515 on 17/09 with volumes with an estimated TP of $0.715 which was achieved on 29/10. It is on uncharted territory and hit a new high of $0.75 on 06/11, if break may try $0.80. Some consolidation can be expected to clear the overbought position. Immediate support adjusts to $0.68/$0.66. Exit if $0.64 is violated.

FIBON—Broke out from the consolidation at $0.48 on 22/10 with volumes signal BUY and started its stage 2 of the cycle.The breakout gives an estimated target of $0.70 which Fibon is trying to achieve. Immediate support adjusts to $0.60 with strong support at $0.56. Exit if $0.51 is violated.

SALCON—I traded this counter from 06/09 to 12/09 locking in profits at $0.70.Now it is trending between $0.63 to $0.715. Formed a Dark Cloud on 31/10 at $0.70 since then it has failed on 5 occasions to close above $0.70.For trending counter normally when it is near the top channel($0.715) traders will sell and hope to buy back when it comes back down $0.63. Unless it break above $0.715 with volumes signal BUY and will test immediate Resistance at$0.745/$0.80 level.Immediate support adjusts to $0.675/$0.65. Exit if $0.62 is violated.

DESTINI---Trying to break through its strong Resistance of $0.38, if this level is taken off with volumes signal satge 2 of the cycle. It has an immediate TP of $0.445 and Final TP of $0.475. If not it should be trending between $0.35 to $0.38. Strong support adjusts to $0.325. Exit if $0.315 is violated.

TMS—Stage 1 of the cycle, expects a trending range of 0.075 to $0.105. Nothing is happening here unless $0.105 is taken out.

MPI---Stage 1 of the cycle, it is building momentum to break out from the neckline of $2.96 (High formed on 07/01/2013, if happens it forms Consolidation Breakout on weekly chart). A break above this level with volumes signal BUY and it will start stage 2 of the cycle which is very Bullish and has an TP of $3.50. At the moment may consolidate due to Bearish Harami formed on 07/11 and a break below $2.86 may takes it to the immediate support of $2.81/$2.76.Exit if low of $2.76 is violated.

twobits—Thanks for the comment,I am not qualified to write any book, like eneryone here I am still learning.

Tiongms--PJ Dev (I had done the chart reading for this counter before, please refer to my earlier post)..

sephiroth— I am very happy that you are doing well in the stock market ( I think you know about 10-20% of people actually make good money from the stock market consistently). 2 years holding on a stock, I respect your patience. Really appreciate you sharing your portfolio and highlighting Amcorp to us.

profitMan-Thanks for your input on EngTex WA, look like few of us are in EngTex together. Don’t worry Man Utd will beat Arsenal tomorrow night…

jennylee— Insas I had done the chart reading before, please refer to my earlier post.

Connie9170, it is OK as this thread is for all Bro and Sis to share their experiences in stock trading. Maybe not Final Fantasy….

Have a nice weekend !!

Posted by sephiroth > 2013-11-10 15:32 | Report Abuse

choolooi, i don't have any special formula/method to pick stocks, for a winning stocks, the co must have strong balance sheet/free cash flow and minimal debt so that they can consistently pay high dividend to attract investors and also have to check whether the substantial shareholder/director have been accumulating. In this case, there's 2 counter PJD (http://klse.i3investor.com/servlets/stk/annchdr/1945.jsp) Ong Leong Huat's(OSK boss) wife,Khor Cha Moi sapu 1,840,000 shares since Oct.(this will tell us something great is coming). The same happen to TA Enterprise (http://klse.i3investor.com/servlets/stk/annchdr/4898.jsp), boss Tony have accumulating more than 20,000,000 shares since July and share price during July is 0.56-0.58(i bought at 0.575) vs net asset value of 1.75. btw, i enjoy playing ff7,8,9,10,12 and 13, very impressive visual and touching story and can summon super dragon like bahamut.

connie, welcome to the world of villian, u r ultimetia from ff8 and i am sephiroth from ff7.

matrixcool, no prob, wish everybody make big bucks to enjoy christmas and cny. btw, the best investment ever is maybank, i bought at around 3.00 during the rights issue in 2008, every year give at least 30-60 sen dividend and now the share price is 9.89. i think i gonna hold this stock for a long long time

Posted by miketyu > 2013-11-10 18:44 | Report Abuse

Thanks matrix as I was looking at the MACD for salcon has crossed positive, RSI and stochastic showing uptrend. As your chart reading gave an idea of how to trade the stock. thanks again =)

Posted by matrixcool > 2013-11-10 22:00 | Report Abuse

11th NOV

1) AZRB— Forms a Down trend channel, expects trending ranges of $0.96 to $1.00. Any rebound should find strong resistance at $1.00. Unless it could break above $1.00 AZRB looks like trending inside the channel. I may clear this stock on any strength to preserve my capitals. Exit if $0.96 is violated.

2) CUSCAPI— Uptrend Channel, short term may consolidate towards support of $0.465 if $0.48 is violated. Trending range of $0.465 to $0.53, immediate support adjusts to $0.48.It formed a” Doji “on 07/11 at $0.505 and this level needs to be taken out before it could move further upwards. A break above $0.53 will take it to $0.56 and TP of $0.60.Stop Loss if 0.46 is violated ( Uptrend Line is broken). For those traders who intend to trade inside the channel may want to clear near $0.53 and buy back near $0.48/$0.46.

3) ENGTEX—Formed a Bullish Hammer on 07/11 indicates trend reversal. Bought in on Friday at $1.61,it rebounds to the high of $1.65 before closing at $1.63.It is expected to move higher to test immediate resistance of $1.67/$1.69 if break will try previous high of $1.76/8 ( The Dark Cloud formed on 29/10 at $1.76 is shadowing the upward movement of EngTex). Immediate support adjusts to $1.59 & strong support at $1.54. Stop Loss if $1.54 is violated.

4) GUNUNG— Uptrend intact,Sideways movement with trending range of $0.92 to $0.955. Beside the Dark Cloud formed on 30/10 ($0.975) need to be taken out it now need to clear the “Doji” formed on 07/11 at $0.955. Strong support adjusts to $0.90. Stop Loss if $0.90 is violated.

5) HAPSENG— A Long Lower Shadow plus 3 white candles for the past 3 days more upward movement is expected. It is expected to re test next Resistance of $2.57 and the previous high of $2.62. Immediate support is adjusted to $2.47/$2.43 I have raised my Stop Loss to $2.43 to protect my capitals.

6) MPHBCAP- Formed a Bullish Hammer, trend reversal? A break above $1.70 with volumes indicate a breakout from the down trend line signal Buy ( I may scale in more shares). Immediate Resistance is at $1.73/$1.78.Since the Price and RSI Divergence had been corrected , i am lowering my exit level to $1.64 to give the stock more room to maneuver.

7) PELIKAN—It is very Bullish after breaking out from the Down Trend Channel on 06/11. Consolidation sideways movement is expected between $0.66 to $0.71. Still need to clear the Dark Cloud formed on 22/10 ($0.72) before carry on its upward movement to test the previous high of $0.795. Immediate Resistance is at $0.72/0.75 .Exit if $0.66 is violated.

I won”t be buying into any stock unless can clear some stocks as I am trading as my Max of 7 stocks.

HAPPY TRADING..

P/s miketyu—You are welcome. Please use indicators with care, reading too much into it may confuse traders sometimes. I think you know all indicators are derivative of price except volumes is independent.

Posted by twobits > 2013-11-11 20:00 | Report Abuse

Matrix: What indicators do u always rely on? Do you go for 60mins chart?

Star volume picking up again. I thought it will retest 2.50 before bouncing up!

Posted by matrixcool > 2013-11-11 20:44 | Report Abuse

Twobits, I use the daily chart. I don’t normally use indicators except when I am looking for Bullish or Bearish Divergence, I normally use RSI as it gives a better picture of the patterns than Candlestick chart.Sometimes I use SMA to re confirm the support/Resistance .

I keep my chart reading as simple as possible by using Candlesticks, pattern, breakout and volumes, Support and Resistance. I think you know indicatosr are lagging and price derivative except volumes.
To me the Plan and Discipline are the utmost important factors to make $$ in the stock market. TA as a guide only !

STAR after the breakout from $2.50 have found immediate support at $2.56, very Bullish should re test previous high of $2.64 and beyond.

Happy Trading.

Posted by matrixcool > 2013-11-11 23:31 | Report Abuse

12th NOV

1) AZRB—Still trapped inside of the Down trend channel, expects trading ranges of $0.96 to $0.98/$1.00. The volumes had dried up indicates selling could be over and more rebounds could be expected in the near term.Any rebound should fine strong resistance at $1.00. I may clear this stock on any rebound to preserve my capitals. Exit if $0.96 is violated.

2) CUSCAPI— Uptrend Channel, it is expected to clear the “Doji” formed on 07/11 at $0.505 and re test its previous high of $0.52/$0.54.. For those traders who intend to trade inside the uptrend channel may want to clear near $0.54 and buy back near $0.48/$0.46. Stop Loss if 0.46 is violated ( Uptrend Line is broken).

3) ENGTEX—Formed a “Doji” today indicates indecision, sideways movement is expected. A break above $1.65 will test immediate resistance of $1.67/$1.69 if break will try previous high of $1.76/8 ( The Dark Cloud formed on 29/10 at $1.76 is shadowing the upward movement of EngTex). Immediate support adjusts to $1.59 & strong support at $1.54. Stop Loss if $1.54 is violated.

4) GUNUNG— As suggested tried to clear the “Doji” formed on 07/11 at $0.955 but failed in this attempt, the momentum of downward movement has decreased. If break $0.955 it still needs to clear the Dark Cloud formed on 30/10 ($0.975) to carry on its upward movement. Immediate support adjusts to $0.92 with Strong at $0.90. Stop Loss if $0.90 is violated.

5) HAPSENG— Formed a Gravestone Doji which is Bearish, expect sideways movement between $2.46 to $2.53 with strong support at $2.43. A break above $2.55 will takes it to the next Resistance of $2.57 and the previous high of $2.62. I have raised my Stop Loss to $2.43 to protect my capitals.

6) MPHBCAP- Formed a “doji” means indecision. Unless it could break above $1.70 with volumes ,RSI has shown more weakness so the chances of MPHBCap to break below $1.66 towards $1.64 is gaining momentum. Exit if $1.64 is violated.

7) PELIKAN—Formed a Separating Line today which the first candle is white and today candle is black is bearish. It is expected to re test support of $0.66 fails to hold will accelerate the downward momentum. A break above $0.70 signal consolidation break out and if clear the Dark Cloud formed on 22/10 ($0.72 test the previous high of $0.795. Exit if $0.66 is violated.

I won”t be buying into any stock unless can clear some stocks as I am trading as my Max of 7 stocks.

HAPPY TRADING..

Posted by choolooi > 2013-11-12 00:16 | Report Abuse

Thanks bro Matrix,.. For the chart reading. I still hav cuscapi and its warrants though I sold off half of my holding and made some profit.
I also sold half of my holding of Willow for a rm 500 gain....the remainder is holding out for more..
Cleared off Benalec at a loss.

Sephiroth, i q to buy PJDEV WA at 0.325 but did not get .

Good nite and thanks again

Posted by tiongms > 2013-11-12 05:58 | Report Abuse

Thanks Bro.Matrix for the analysis on PJD and MPI.Kindly assist on the latest market situation for Weida and Mrcb.Thanks again

Posted by matrixcool > 2013-11-12 10:32 | Report Abuse

Tiongms, Charts reading for :

1) WEIDA--Sideways movement of $1.72 to $1.80. Formed an Engulfing Bear on 04/11 at $1.78, a Dark cloud on 30/10 at $1.90,unless these levels are taken out it has limited upward potentials. If $1.72 is violated the downward movement should accelerates and counter will turn Bearish.

2) MRCB— Very Bearish, found a new bottom at $1.36 on 28/08. If this is indeed new bottom MRCB is starting stage 1 of the new cycle. If you are thinking about Bottom Fishing please exit if $1.35 is violated. (That means the old cycle not completed yet it is still at stage 4 of the old cycle). The counter only signals Buy if break above $1.55 with volumes signal stage 2 of the cycle.

choolooi, congratulation on your winning on Willow, I too still holding on Cuscapi (Bought at $0.485) after your alert !! I also share the same fate as you on Benalec, but I took my losses much earlier when it broke down from Symmetrical Triangle months ago..

Happy Trading..

Posted by tiongms > 2013-11-12 11:31 | Report Abuse

Bro Matrix thanks for the analysis for Weida & MRCB.Rgds

Posted by bbinvest > 2013-11-12 11:32 | Report Abuse

Matrix, thanks for Fibon & Mmode. Am holding tight tight :)

Posted by sephiroth > 2013-11-12 11:39 | Report Abuse

Just wanna share my previous benalec experience
round 1 buy 1.15 sell 1.45
round 2 buy 1.14 sell 1.57
no more round 3 coz board of directors wanna remove 2 brothers(substantial shareholders holding above 50% shares)

Posted by ProfitMan > 2013-11-12 11:48 | Report Abuse

choolooi, congratulations on your Willow profit. Can have a nice meal with it.

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

tiongma and bbinvset,Both of you are welcome !! As I always said we are here to help one and other out…

sephiroth, well done on Benalec..I have no such luck with it..

Today GUNUNG cleared the Dark Cloud above $0.975 heading toward $1.00..Time for me to ride on some profits..

Happy Trading...

Posted by Vivi Yap > 2013-11-12 15:31 | Report Abuse

matrix pelikan at 66 cut loss or hold

Posted by matrixcool > 2013-11-12 15:37 | Report Abuse

viviyap, i had taken my losses...You have to make your own decision !!

Happy Trading !!

Posted by Vivi Yap > 2013-11-12 16:09 | Report Abuse

matrix cuscapi r u still holding thx

Posted by matrixcool > 2013-11-12 21:15 | Report Abuse

viviyap, sorry i was away for a wine tasting session, ya i am still holding CUSCAPI as it dint hit my Stop Loss level like Pelikan.Please check my posting later as i just got home.

Happy Trading !!

Posted by matrixcool > 2013-11-12 23:32 | Report Abuse

13th NOV

1) AZRB—Still trapped inside of the Down trend channel, expects trading ranges of $0.96 to $0.98/$1.00.It tested support of $0.96 but manage to hold which is a good sign, but still the counter is Bearish.The downward momentum has reduced and rebounds could be on the corner.Any rebound should fine strong resistance at $1.00. I may clear this stock on any rebound to preserve my capitals. Exit if $0.96 is violated.

2) CUSCAPI— Uptrend channel and tested the support of $0.48/$0.46 (Uptrend channel line) but managed to hold above $0.46. The downward momentum has increased and may re test support of $0.46. It needs to move above $0.48 to maintain it long term upwards movement, nest strong resistance is at $0.505. Exit if $0.46 is violated.

3) ENGTEX— Sideways movement of $1.59 to $1.65 is expected. The downward momentum has reduced and formed a hammer today indicates rebounds could be expected soon. A break above $1.65 will test immediate resistance of $1.67/$1.69 if break will try previous high of $1.76/8 ( The Dark Cloud formed on 29/10 at $1.76 is shadowing the upward movement of EngTex). Immediate support adjusts to $1.59 & strong support at $1.54. Stop Loss if $1.54 is violated.

4) GUNUNG— Finally GUNUNG cleared the “Doji” at $0.955 and Dark Cloud at $0.975. It should carry on moving upwards from here toward the next Resistance of $1.01 and TP of $1.10. Any weakness towards support of $0.95/$0.94 is a good time to accumulate for future play. Immediate support adjusts to $0.95/$0.92. I have increased my Stop Loss level to $0.92 if violated.

5) HAPSENG— Formed a Long Lower Shadow which is Bullish, but upwards momentum had slowed down. Expected trading range of $2.45 to $2.55.A break above $2.55 will takes it to the next Resistance of $2.57 and the previous high of $2.62. I have raised my Stop Loss to $2.43 to protect my capitals.

6) MPHBCAP- As suggested try to clear $1.70 but failed in this attempt.Formed a Bullish Long Lower Shallow coupled with the downward momentum has reduced it is expected to break above $1.70 to immediate Resistance of $1.73 and the previous high of $1.78. Any weakness is a good time to accumulate for future play since the Price and RSI Divergence has been corrected. Immediate support is adjusted to $1.66,exit if $1.64 is violated.

Today I lock in 40% of GUNUNG at $0.99 for some profits, sold all my Pelikan at some losses when it hit my Stop Loss level.

HAPPY TRADING…

Posted by Doremi 88 > 2013-11-12 23:35 | Report Abuse

Alam sudah zzz

Posted by jacky187 > 2013-11-12 23:53 | Report Abuse

bro matrixcool, whats your opinion for Dolmite?

Posted by tiongms > 2013-11-13 07:29 | Report Abuse

Bro Matrix appreciate your comments/opinion for MMC.Thanks

Posted by connie9170 > 2013-11-13 10:54 | Report Abuse

good morning matrix. u are leading such a relax life. holiday...fine dining, wine tasting....the best part, u have a wonderful wife to enjoy with. anyway, just want to let u know that i have also cut loss Pelikan as per planned. painful to learn this cut loss strategy....hope our MPHBCap will bring us some good news. have a good day :)

Posted by androsjy > 2013-11-13 11:12 | Report Abuse

Good morning matrix, may I know what's your view on Cresbld ? Thanks.

Posted by matrixcool > 2013-11-13 12:54 | Report Abuse

Doremi88—Are you in ALAM? I had posted in my thread earlier that I sold all mine when it could not clear $1.67.

androsjy, Bro jacky187, Welcome to this thread.
The charts reading for:

DOLMITE—Breakout from $0.38 on 04/11 signal stage 2 of the new cycle,very Bullish. The breakout gives an estimated immediate TP of $0.535 & beyond.To achieve this level it needs to be able to close above $0.48. Any consolidation should find support at $0.455/$0.45 (Gap support formed on 12/11) and on that same day it forms a “Spinning Top” indicates Bull may lose some momentum,some consolidation could be expected. .Strong support is at $0.42/$0.40. Exit if $0.38 is violated.

CRESTBLD—It was trading between $1.23 to $1.40 for a while and lately it broke out of that trading range and move higher. The estimated target is at $1.57 and yesterday broke out of $1.47 with volumes very Bullish should scale higher in the near term(un charted territory). Immeidiate support is at $1.40 with strong support at $1.40/$1.38.( Just a word of cautious this stock could be at stage3 of the cycle and price movement could be volatile)

Connie9170—You are doing the right thing,the hardest part in trading is to accept our mistakes & take the losses we had planned and move on...Once you learn to trade well, the money will follow in later..Ya, I love fine dining and wine, holiday plus Running.

Happy Trading…

Posted by connie9170 > 2013-11-13 12:57 | Report Abuse

hi matrix, cud u ps take a look at MMC ?. the indicators i am looking at like bollinger, dma, volume, macd and rsi look very bullish. thanks

Posted by androsjy > 2013-11-13 14:22 | Report Abuse

thanks for sharing your view, matrixcool.. happy trading too..

Posted by matrixcool > 2013-11-13 14:30 | Report Abuse

Connie9179—Breakout from $2.75 yesterday with volumes signal stage 2 of the cycle which is very Bullish. It is near its immediate Resistance of $2.94 and if breaks it is expected to move to $3.00 and strong resistance of $3.06.Immediate support adjusts to $2.80/$2.75. If you are trading this counter please be cautious because from the past pattern any correction can be really fast and steep.

Happy Trading…

Posted by connie9170 > 2013-11-13 14:35 | Report Abuse

thanks so much matrix :)

Posted by matrixcool > 2013-11-13 22:24 | Report Abuse

14th NOV

1) AZRB—Re tested support of $0.96 and manage to hold for the 3rd times, expects trading ranges of $0.96 to $0.98/$1.00. The counter is still Bearish but the downward momentum has reduced and more rebound could be expected. Any rebound should find strong resistance at $1.00. A break above $1.00 with volumes signal BUY and it will be out of the down trend channel.Exit if $0.96 is violated.
\
2) ENGTEX— As suggested rebound today and re tested its strong resistance of $1.69. A break above will take it to its previous high of $1.76/8 ( The Dark Cloud formed on 29/10 at $1.76 is shadowing the upward movement of EngTex). It is not out of the wood yet but the downward momentum had decreased meaning more rebounds could be expected.Immediate support adjusts to $1.65 & strong support at $1.59. I have raised my Stop Loss level to $1.59 if it is violated.

3) GUNUNG— Failed to clear the immediate resistance of $0.995, it was subject to some profits taking activities and closed at $0.96. Immediate support adjusts to $0.95/$0.92.Any weakness is the good times to accumulate for future play as the uptrend is evident. Sideways movement of $0.95 to $0.995 could be expected. Exit if $0.92 is violated.

4) HAPSENG— Formed another Long Lower Shadow today which is Bullish, it is expected to re test Resistance at $2.55 if break will try previous high of $2.62. Even though uptrend is intact but the upward momentum is decreasing.Immediate support adjusts to $2.45/$2.43. I have raised my Stop Loss to $2.43 to protect my capitals.

5) MPHBCAP- As suggested it broke through $1.70 signal BUY and move to the high of $1.75 before subjecting to selling pressure and close at $1.69. Formed a Long Upper Shadow which is bearish, it is expected to test support of $1.68/$1.66. Would expect those supports hold as the downward momentum has decreased.It needs to stay above the $1.70 (The down trend line) to challenge its immediate resistance at $1.75/$1.78. Exit if $1.66 is violated.

Today I cleared CUSCAPI after hitting my Stop Loss level taking some losses. For the month of November I had closed 3 trades 1 winning and 2 losing not counting GUNUNG which I sold about 40% at winning side.

I am monitoring ALAM (The selling frenzy today,it may have found a new bottom in $1.37), PERISAI(Possible Cup & Handle Pattern) .

HAPPY TRADING…

Posted by choolooi > 2013-11-13 22:52 | Report Abuse

Connie, my remiser told me to buy MMC as in his circle news floating around that it will be taken private @ rm 3.30.
I did not buy as I see klci trending downwards.
Cash would be king if bursa continues to fall .
Do trade cautiously..
TEFD has an article yesterday that foreign funds were net sellers and that our local funds are mitigating the situation. In Today's TEFD there is a possibility of KLCI dropping to 1770.
The second half performance of the afternoon session is not encouraging either.

Do be very alert

Good nite and careful trading .

Posted by twobits > 2013-11-13 23:04 | Report Abuse

Yupe.. ALAM in oversold position! I am monitoring this counter as well.
One of the shareholder buying 300K shares today at 1.40. Long term support trend line pointing at 1.37 area. Tomorrow CI might be testing 1770 before rebounding.

Matrix: Can u help confirm if SKPETRO doing Flag & Pole chart pattern? Though CI is selling down, this CI stock is holding well at 4.20.

Posted by connie9170 > 2013-11-14 08:12 | Report Abuse

Good morning choolooi, don't think i will buy any new counters for the time being. gotta re-look at portfolio and try to sell those with profits already. u are absolutely right...gotta be careful with tradings. u have a good day :)

Posted by matrixcool > 2013-11-14 10:03 | Report Abuse

Twobit---sketro-- you are spot on. It is forming what we term “Bullish Flag” a break above that down trend line will have an estimated target of ( X+$0.21). For example is if break above $4.25 with volumes next target is estimated to be $4.46. Exit if break below $3.99 as that confirm the Double Top pattern which is bearish.

Connie9170 & choolooi— sometimes you must look at the market when everyone is panicking..Remember their fears?? Yesterday i also added in more EngTex..

Happy Trading !

Posted by connie9170 > 2013-11-14 10:08 | Report Abuse

thanks matrix for the advice. when people fear we long !! u too happy trading + fine dining + wine tasting + running :)