Posted by faberlicious > 2013-11-25 16:59 | Report Abuse

Matrix,manage to sell off Glomac @ 1.11.Phew,small profit,nevertheless still profit. :).Bought more Jaycorp@ 0.56. Latitud up 6 sens today to 1.35 (it's 52 week high).Nice. Matrix,can you please take a look at the TA for UOADEV and Tongher.

Posted by bbinvest > 2013-11-25 17:52 | Report Abuse

Hi Matrix, would you be able to shed some lights on Gadang please. Is it now on Stage 2 Wave 3? Not sure if I count correctly. Thanks in advance.

Posted by matrixcool > 2013-11-25 20:34 | Report Abuse

Jenny, faberlicious. & Bbinvest—Charts reading for:

KSL—Stage 3 of the cycle on the weekly chart, price can be very volatile. It is swinging between $1.90 to $2.20. Very strong resistance at $2.40 and strong support at $1.88. Today it started its technical rebound after finding low at $1.98/$1.97, it met its immediate resistance at 2.09 but failed to cross it. A break above will take it to the next resistance at $2.14 and strong resistance at $2.20 ( Also the down trend line) .

Faberlicious, I did the UOA chart for tsejuie on 20th Nov,please refer to my earlier post. That was what I read then:
“UOA---It is not a Flag Pole pattern as it is taking too long.
It is trading inside a Down trend Channel (Lower High and Lowe Low). It is resting on its important support of $2.00. A break below $2.00 spells more troubles for UOA and should head down towards $1.75/$1.70 level.Any rebounds should find resistance at $2.15 and strong resistance at $2.30.”
So if you are thinking of bottom fishing please trade with an exit plan.

Tongher—Still at stage 1 of the cycle, trading between $1.60 to $1.90. It broke out from the double bottom formation lately in $1.74 and has an immediate TP of $1.90. It is expected to trade between $1.74 (Resistance turn support ) to $1.90. A break above $1.90 signals starting of stage 2 of the cycle.

GADANG—Stage 2 of the cycle, very bullish. Broke out from the “Inverted Head and Shoulder” pattern at $0.99 and has an immediate target of $1.18. It tested its strong resistance today at $1.07 but failed to clear it. A break above $1.07 will meet some resistance at $1.10 and if clear should head toward the TP of $1.18. Any consolidation towards the immediate support of $1.00/$0.99 is an opportunity to collect for future play. Exit if $0.93 is violated.

Happy Trading…

Posted by bbinvest > 2013-11-25 21:01 | Report Abuse

That's great. Thank you Matrix :)

Posted by sharem > 2013-11-25 21:35 | Report Abuse

Matrix, I like to read your postings on the different counters. Can you analyse on Scientx and LBS. Thanks.

Posted by matrixcool > 2013-11-25 23:13 | Report Abuse

26th NOV

1) FITTERS—Bought in Fitters today at $0.74. I did the chart reading on 08/11 ( Can't remember who requested it) for FITTER with the following: “Broke out from the Down trend Channel on 30/10 with volumes added validity of the breakout. It retested the support at $0.72 on a few occasions but managed to hold. Today it Gap up and hit high of $0.77 (until this time) and some profit taking is evident. The immediate support is adjusted to the Gap support of $0.74/$0.75 with strong support at $0.72. If the breakout is not violated, it has an estimated TP of $0.835 by calculation. Exit if $0.71 is violated”. Today formed a white candle which is bullish and it is expected to try immediate resistance at $0.77 and strong resistance at $0.80.

2) MPHBCAP- Very tight trading range. The good news is The price and RSI Bearish Divergence has been corrected. The support of $1.68 is very resilient and holding well. A rebound is at the corner? A break above $1.73 signal BUY towards the previous high of $1.78 & beyond. Exit if $1.66 is violated.

3) PERISAI—Bought in Perisai today after the Resistance turns support of $1.47 holds. PERISAI completed the Cup and Handle Pattern which is very Bullish, it has an immediate TP of $1.68/$1.70. Any weakness towards support of $1.47 is an opportunity to collect for future play. 3 white candles for the past 3 days the uptrend is Bullish. Immediate Resistance adjusts to $1.52/$1.55. Strong resistance is expected at $1.60, if breaks will try TP of $1.68/$1.70. Exit if $1.44 is violated.

4) PRTASCO—Bought in PRTASCO today after it broke out from the Downtrend Line in $1.41. It is testing its immediate resistance of $1.45, if breaks will take it to next resistance at $1.52 and the previous high of $1.54.Immediate support adjusts to $1.40 and strong support at $1.37. Exit if $1.36 is violated.

5) TAS— The rebound considered weak after it formed a Bullish Harami 2 days ago, formed a Black Candle today which is bearish. It is expected to test immediate support of $1.04/$1.02. The downward momentum is slowing down and if $1.02 holds more rebound could be expected. Any rebound will find immediate resistance at $1.07/$1.09. Exit if $1.02 is violated

6) TDM— It moved to a high of $1.03 and some profits taking activities bring it down to closed at immediate support of $1.00/$0.995.It is expected to challenge previous high of $1.05 if break will move to TP of $1.15. Immediate support is adjusted to $0.995/$0.975.Exit if $0.95 is violated. ( I have increased my Stop Loss from $0.93 to $0.95).

I am monitoring ALAM ( Gap Support of $1.52 is holding well), GADANG as highlighted by bbinvest .

Happy Trading..

P/S Sharem, welcome to this thread. I will read the charts of Scientx and LBS for you tomorrow. Good Night !!

Posted by jennylee1382 > 2013-11-26 00:32 | Report Abuse

Bro.Matrix appreciate your assistance to analyse KSL.Thanks

Posted by faberlicious > 2013-11-26 08:15 | Report Abuse

Good morning Matrix.Thanks for the chart reading on UOADEV and Tongher. Did u buy Jaycorp? Dividend of 3.5 sens was announced yesterday.Should see some action.

Happy Trading. :-)

Posted by matrixcool > 2013-11-26 08:46 | Report Abuse

Sharem, charts for:

1) LBS—It is bearish. Down trend channel,making lower high and lower Low. Any technical rebound will find strong Resistance at $1.70 level.Expect trading ranges of $1.50 to $1.70. Unless it could breakout from the down trend channel with volumes you may want to avoid this counter first. Very important support is at $1.43, if this level is violated confirmed stage 4 of the cycle and it should heads south.

2) SCientx—Very Bullish, stage 2 of the cycle. Formed an Engulfing Bear on 18/11 which is shadowing the upward movement of the stock, the downward momentum has not slowed down yet. It needs to clear this level at $5.70 to further its upward movement to next resistance at $5.80 and the previous high of $5.94.Immediate support adjusts to $5.40/$5.39 and exit if $5.30 is violated.( First sign of weakness if break below this uptrend line).

Sis jenny, you are most welcomed !

Faberlicious, congratulation on your winning stocks. It is not easy to pick winners so I am very happy for you. No, I dint buy Jaycorp, hope it will bring more $$$ to you. I am trading to almost my Max of 7 stocks now.

Happy Trading…

Posted by Vivi Yap > 2013-11-26 09:41 | Report Abuse

matrix tas 1.01 now should cut loss now

Posted by matrixcool > 2013-11-26 09:59 | Report Abuse

vivi Yap, thanks for the alert on TAS..

Appreciate it !


Happy Trading..

Posted by twobits > 2013-11-26 15:19 | Report Abuse

ALAM - cup and handle pattern in 60min chart.

Can anyone confirm?

Posted by matrixcool > 2013-11-26 23:00 | Report Abuse

27th NOV

1) FITTERS— Broke out from the Down trend Channel on 30/10 with volumes & it has an estimated TP of $0.835 by calculation. Formed a Doji today indicates indecision. A break above $0.76 will take it to next resistance at $0.77/$0.78. Any downward movement should find immediate support at $0.74 with strong support at $0.72.Stop Loss if $0.72 is violated.

2) MPHBCAP- As suggested MPHBCAP broke above the Bullish Flag pattern at $1.73 with 2x Av Volumes (I scale in another 50% of shares, now my Average cost has increased to $1.70) signal BUY and moved to its previous high of $1.78. With upward momentum increasing it is expected to break above $1.78 and enter uncharted territory, immediate TP is estimated to be $1.87 and final TP at $2.00. Immediate support adjusts to $1.75/$1.73, any weakness towards support is a good time to collect for future play. I have raised my Exit level if $1.72 is violated to protect my capitals.

3) PERISAI—PERISAI completed the Cup and Handle Pattern which is very Bullish, it has an immediate TP of $1.68/$1.70. Today formed a Doji which is indecision, a break above $1.52 should carry on its upward movement to its immediate Resistance at $1.55/$1.58. Immediate support adjusts to $1.49/$1.47. Exit if $1.44 is violated.

4) PRTASCO— The broke out yesterday count for nothing as it closed below the Down Trend line today.Formed a Big Black Candle today which is Bearish. Expect it to trade between $1.37 to $1.45. Unless it could close above $1.42 due to its erratic behavior I may clear on any opportunities to protect my capitals. Stop Loss if $1.36 is violated.

5) TDM— It is still under consolidation with reduced volumes which is a good sign. It is taking the shape of the Bullish pennant pattern, a break above the pennant $1.03 signal BUY ( I may scale in more shares) it will move to its immediate Resistance at $1.05 & TP of $1.15.More consolidation could be expected towards immediate support of $0.995/$0.975, Strong support is at $0.96. Stop Loss if $0.94 is violated.

Today I cleared my TAS at a 4% loss.

I am monitoring GADANG (May collect near support of $1.00/$0.99), ALAM showed some weakness as Price and Volumes form Divergence, upward momentum is slowing down.

Happy Trading..

Posted by Lawrence Lai > 2013-11-26 23:25 | Report Abuse

how do i follow this thread Matrix?

Posted by ProfitMan > 2013-11-27 01:09 | Report Abuse

Matrix,sorry but I need to take you back to Gadang's wave pattern. Would you kindly take us through how you counted the pattern. My wave pattern counting is a bit suspect and I think I may not be spot on. Am I right in saying that the Gadang's wave count would start from 11/10 for stage 1 of wave 1? Is Gadang now at stage 3 of wave 2? Pls take us through for this one. Thanks.

By the way, I took a loss on TAS too after seeing the stock losing momentum and with a high sell down volume. Tried to scale in MPHB at 1.74 but unsuccessful. Will see how it goes tomorrow if there is an opportunity to do so. If not, I'll just settle with what I have still got.

Posted by faberlicious > 2013-11-27 07:51 | Report Abuse

Good morning Matrix.Dow Jones flat again 2 days in a row.My trading action yesterday:

sold all Jaycorp @ 0.595- realized good $$$.

boughtPmcorp@0.265 to average down (waiting for cash payout announcement,anytime now)

bought AWC @ 0.27 but only got 7900u,will buy more on price weakness.


Have a profitable day ya ! :)

Posted by CityTrader > 2013-11-27 07:59 | Report Abuse

Morning matrix n profitman, in weekly chart, TAS is forming a bullish pattern with diminishing vol which i m of the opinion that the price may start the engin at anytimes. As per my prediction, price dipped to current lvl n shld b the stop point for next final upleg wave. I may b wrong n m stil holding this ctr at 1.10 & 1.04 tightly. The worst it can drop is 0.97 & below, maybe is my stop lost. Happy trading.

Posted by CityTrader > 2013-11-27 08:02 | Report Abuse

So long pmcorp can hold above 0.26, i anticipate the final upleg is there. Recent wave has been overextended, so i expect the coming upleg is weak n my tp0.50. Maybe i m wrong.

Posted by TESSA > 2013-11-27 08:06 | Report Abuse

good morning matrix! good morning all :)

Posted by CityTrader > 2013-11-27 08:07 | Report Abuse

Hi a very gud morning to u my sweet darling.

Posted by TESSA > 2013-11-27 08:09 | Report Abuse

good morning sweetie :)happy trading day all! :)

Posted by ProfitMan > 2013-11-27 09:35 | Report Abuse

Good morning Citytrader and all. Thank you for sharing your analysis and thoughts on TAS. Appreciate it. I do agree that there is more upside than downside to this counter. I will still be monitoring this counter. Thanks.

Posted by matrixcool > 2013-11-27 10:20 | Report Abuse

LawranceLai, welcome and you are in this thread already. Over here we share our trading experiences , hope you can contribute as well. We also help each other out if you have anything to ask we are more than happy to help in our own capability.

profitMan, I am not too familiar with Elliot Wave, but I think you are not far that it is either stage 2 or stage 3. To me I use the simple 4 stages in a cycle : stage 1 (Accumulation),then it break out and form uptrend which is Stage 2 ( I normally only trade at this area), Stage 3 Distribution( Sometime I also trade here price swing can be volatile and normally Buy at Support Sell at Resistance), Stage 4 avoid at all cost !!

For GADANG taking the bottom formed on 28/08 at $0.75 (Stage 1 til 21/10), Stage 2 started when break out on 22/10 with volumes and formed a top at $1.07 on 25/11 which is a very strong resistance because same top was formed on 23/07. If this top is taken out which I suspect it will, it will still in stage 2 of the cycle, if not it should enter stage 3 of the cycle.
For MPHBCAP, the stock will normally re test the breakout level at around 1.75/ $1.73, I collected some at $1.75 and still in the queue to buy more.

Faberlicious, congratulation on your jaycorp..Everyone trade differently but it is dangerous to average down unless you are sure it has started to rebound.

Good Morning Tessa, thanks for bringing cheer to this thread !!
cityTrader, TAS I totally agreed with you the reason I went in (Small quantity) that day after the Bullish hammer I thought it has found the new bottom at $1.02. I was wrong and hopefully $1.00 is the new bottom for TAS. I will definitely enter if that new bottom can be confirmed. As long as you have a Stop Loss level you are OK..Everyone is different I like to keep my Loss around 5-7% the Max.

Happy Trading…

Posted by ProfitMan > 2013-11-27 10:47 | Report Abuse

Matrix, thanks a lot. Very enlightening info.

Posted by connie > 2013-11-27 10:54 | Report Abuse

u know profitman, i have compiled so much notes from matrix. the compilation can be turned into a book called "trading the matrix way" :)

hey good morning tes and ct dearest :)

Posted by ProfitMan > 2013-11-27 10:58 | Report Abuse

Connie, you are absolutely right. He is so kind and generous with his knowledge sharing. You know, you will have a best seller with your book.

Posted by connie > 2013-11-27 11:07 | Report Abuse

no need to trade shares. just collect royalties....easy money :)
oopsi shud not have let matrix know. now must share royalties with him :(

Posted by matrixcool > 2013-11-27 11:22 | Report Abuse

connie, it is always nice to hear from you..You really have a good sense of humour. Thanks again for your kind words but I learnt most of it through earlier mistakes. Now with a plan I am really “ relax” and enjoy trading in the market. Keep my loss at a minimum and try to ride on winners.Keep my chart reading simple I remembered I used to be so confused by all the indicators.

Profitman, thanks to you too. You also help out a lot here in this thread, Appreciate it !

Happy Trading…

Posted by Lawrence Lai > 2013-11-27 15:56 | Report Abuse

totally agree with you Matrix! always remember our past mistakes and never repeat them again. Keep loss at min. , don be afraid to cut loss. and max our return by riding waves!

What do you see in Pesona, ive been collecting since it was 42-44, recently i buy again @465, 47, 475...

i just hope its not short term wave

Posted by MarcusKing > 2013-11-27 16:07 | Report Abuse

Hi matrix bro,
Was about to loose hope when it touch 1.01 couple of times. All sudden it pooped and some flying action for TAS@1.08. Thanks for the recommendation.

Posted by Lawrence Lai > 2013-11-27 16:21 | Report Abuse

MarcusKing, i believe TAS has potential to go further. same as you i almost loss hope with it yesterday but i sold half of my holdings at 1.01.

It's resistance now at 1.08&1.09. if it cld break this resistance then we r still in good wave

Posted by matrixcool > 2013-11-27 16:29 | Report Abuse

Lawrance Lai, thanks for sharing your portfolio. Best of lucks on your Pesona.

MarcusKing, welcome to this thread. I also made a mistake on TAS because I was so convinced (and formed an opinion) that $1.02 is the new bottom that I set the stop loss below $1.02.Normally I will allow 5-7% loss for the stock to maneuver a bit more.
Thanks to CityTrader, I re enter at $1.04 again. Now if TAS break $1.14 it will break out from its Bullish Flag.

Happy Trading..

Posted by twobits > 2013-11-27 16:34 | Report Abuse

CT: good call on TAS!

Posted by CityTrader > 2013-11-27 16:48 | Report Abuse

TQ twobits, maybe just lucky.. i checked the chart last nite & based on my calculation, it shuld start at any times either today or tmr so alert u all here .. Im holding tight to enjoy the final upleg wave.. Happy Trading..

Posted by Lawrence Lai > 2013-11-27 17:05 | Report Abuse

excellent call on TAS CityTrader!! sayang already let go half of mine :(

Posted by CityTrader > 2013-11-27 17:13 | Report Abuse

Lawrence, i stil hold tight mine, bot 1.10 50% of my total allocation & expected it to dip to 1.04 & bot bal 50%, i didnt buy at 1.00 as no budget as my next lowest lvl is 0.97. Glad that it has surfed..

TQ Matrixcool.

Posted by matrixcool > 2013-11-27 23:21 | Report Abuse

28th NOV

1) FITTERS— Broke out from the Down trend Channel on 30/10 with volumes & it has an estimated TP of $0.835/$0.85 by calculation. Tight trading range but managed to stay above $0.745 for 3 sessions which is a good sign. A break above $0.76 will take it to next resistance at $0.78/$0.80. Formed a black candle today and any downward movement should find immediate support at $0.74 with strong support at $0.72.Stop Loss if $0.72 is violated.

2) MPHBCAP- MPHBCAP broke above the Bullish Flag pattern at $1.73 and moved to its previous high of $1.78.Today it retested the Breakout level of $1.73 and holds. It is expected to trade between $1.72 to $1.78. I bought in another 25% of the shares at an Average cost of $1.74, ( my average cost has increased to $1.71). Failure to clear resistance of $1.78 is a major disappointment today. Unless it could break above $1.78 with volumes it could be entering stage 3 of the cycle distributing between $1.66 to $1.78. I may start to clear my shares if $1.78 could not be taken out after the consolidation.A break above $1.78 (Signal BUY) will enter uncharted territory, immediate TP is estimated to be $1.87 and final TP at $2.00. I have adjusted my Stop Loss Level to $1.68 to provide more leeway for this stock.

3) PERISAI— It completed the Cup and Handle Pattern which is very Bullish, it has an immediate TP of $1.68/$1.70. Today formed a Black candle after yesterday Doji, more downward movement to immediate support of $1.47 (Resistance turn support) is expected. Immediate resistance adjusts to $1.52.First sign of weakness if $1.47 is violated to next support of $1.45. Exit if $1.43 is violated.

4) PRTASCO— More consolidation could be expected between $1.37 to $1.43. Formed a Gravestone Doji ( Normally is bearish) today inside yesterday candle body that could be a Bullish Harami, A trend reversal? If it can close above $1.41 tomorrow more upward movement could be expected. If not most likely to continue its downward movement. Unless it could close above $1.41 due to its erratic behavior I may clear on any opportunities to protect my capitals. Stop Loss if $1.36 is violated

5) TAS—Thanks to CityTrader analysis of TAS I re entered TAS at $1.04 today. Tas may have found a new bottom at $1.00 ( I was wrong to formed an opinion that $1.02 was the new bottom after it formed a Bullish harami on 21/11. Because of my opinion I made mistake to set the Stop Loss immediately below $1.02 without giving any leeway, I am learning everyday). It rebounds today to the high of $1.10 and formed an “Engulfing Bull” which is very Bullish so it is expected to test next strong resistance at $1.14. A break above $1.14 with volumes signal BUY( I may scale in more shares) confirms it break out from the Bullish Flag Pattern and has an immediate TP of $1.34 with strong resistance at $1.26 (Previous High). Immediate support is adjusted to $1.07/$1.04. Exit if $0.96 is violated. ( Given a 7% Stop Loss).

6) TDM— Trading inside the Bullish Pennant of $0.98 to $1.04. A break above the pennant at $1.04 it will move to immediate resistance of $1.09 and immediate TP of $1.15. I cleared 30% of my shares to lock in profits at $1.03 today. Immediate support adjusts to $1.00/$0.995, strong support is at $0.975/$0.96. I have increased my Trailing Stop to $0.95 to protect my capitals.

I am monitoring GADANG (May collect near support of $1.00/$0.99), ENGTEX chart wise the downward momentum has slowed down.

Happy Trading..

Posted by jacky187 > 2013-11-27 23:47 | Report Abuse

learning new stuffs almost everyday.. thank you guys for sharing!

Posted by ProfitMan > 2013-11-28 10:49 | Report Abuse

Citytrader, thanks for the alert yesterday. I went back in to TAS yesterday.

Posted by Lawrence Lai > 2013-11-28 11:16 | Report Abuse

anyone know why klci vol is so small recently? holiday session is it?

Posted by faberlicious > 2013-11-28 15:02 | Report Abuse

Bro Matrix,good afternoon to you.My Latitud is in the top gainers lists. Nice paper profit already. Can you take look at Latitud and see where's the resistance and support?

Happy trading and I'll be back ! :-)

Posted by matrixcool > 2013-11-28 15:41 | Report Abuse

Lawrance Lai, I think everyone is in the holiday mood now !!

faberlicious, congratulation on picking another winner. Well Done my friend..Dont forget to make the paper $$$ into real Cash !!
Latitude—I remember I told you it broke out from the round bottom should have an immediate TP of $1.63 (Refer to my earlier post). The Gap support is at $1.35/$1.40 and strong resistance is at $1.59 (Gap Resistance).

I am busy packing and buying stuffs for my year end holiday because of the very early flight tomorrow..Also promised to roast chicken for the family tonight..Hopefully can find sometime tonight to update my stocks..

Happy Trading..

Posted by connie > 2013-11-28 15:49 | Report Abuse

hi matrix, oh yes u are going to run in cambodia and thailand. run (not trade) the matrix way and 1st place guaranteed :) wish you and wonderful wife a lovely holiday. bon voyage !!
matrix, u cook too ? i am a good cook and i roast the BESTED chicken (thomas keller recipe). bon appetit !!

Posted by matrixcool > 2013-11-28 16:55 | Report Abuse

connie, I hurt my knee ligament a few days back..so I may not be able to complete the 21K. Just went to see a doctor and get some pain killers. So I will take it easy this time, more on holiday with the family..On the run day will give moral support to my wife and friends who join me from Sabah..

Ooohh..I see you are a good cook. Lucky for your love ones. Ya, I cook once or twice a week for my family, I enjoy it !!

Hope you all can make $$$ while I was away, I cant guarantee but I will try my best to update my stocks whenever I am near to internet. Managed to lock in some profits on MPHBCAP at $1.78… Also cleared 50% of TAS at $1.14, not bad yesterday in $1.04 today out at $1.14…

HAPPY TRADING…

Posted by connie > 2013-11-28 16:59 | Report Abuse

poor thing...take care matrix :)

Posted by faberlicious > 2013-11-28 17:08 | Report Abuse

Matrix,thanksvery much for the Latitude reading.Will lock in profit $$$ very soon. :-).Enjoy your roast chicken dinner tonight ya.Wow,didn't know you can roast chicken​ as well​.

Lovely. :-D

Posted by chengyee > 2013-11-28 20:04 | Report Abuse

Faberlicious, really thank you for sharing. I made some (enough for a few drinks) from latitud today. Hope you gain more tomorrow.

Posted by chengyee > 2013-11-28 20:07 | Report Abuse

Matrixcool, Happy holiday.

Posted by ooi1955 > 2013-11-28 20:36 | Report Abuse

Matrix, do take care and dont over tax your knee.
Have a safe and enjoyable trip.
Happy Holidays.

Posted by matrixcool > 2013-11-28 21:58 | Report Abuse

Thanks everyone for your good wishes !!

29th NOV

1) FITTERS— Broke out from the Down trend Channel on 30/10 with volumes & it has an estimated TP of $0.835/$0.85 by calculation. A break above $0.77( Signal BUY) to try next resistance at $0.79/$0.80. Any downward movement should find immediate support at $0.745 with strong support at $0.72.Stop Loss if $0.72 is violated.

2) MPHBCAP- As suggested it trades between $1.72 to $1.78.This the 3rd attempt but yet to break out from its previous high of $1.78. It still lacks volumes to break $1.78 convincingly. Today it closed with a Big White Candle which is very Bullish. A break above $1.78 (Signal BUY) will enter uncharted territory, immediate TP is estimated to be $1.87/$1.90 and final TP at $2.00..I have adjusted my Stop Loss Level to $1.66 to provide more leeway for this stock.

3) PERISAI— As suggested it moved lower today after the Doji formed on top at $1.52 on 26/11. Today closed below the breakout level of $1.47 shows lot of weakness and also means the earlier breakout is considered invalid. Immediate resistance adjusts to $1.47, unless it could closed above $1.47 I will clear my stock on any rebounds to protect my capitals.Today form a Big Black Candle which is very Bearish and more downward movement can be expected. Stop Loss if $1.43 is violated.

4) PRTASCO— As suggested after yesterday Gravestone Doji it continue its downward movement. Expects tight trading ranges of $1.37 to $1.41. Immediate resistance adjusts to $1.43/$1.45. Due to its erratic behavior I may clear on any opportunities to protect my capitals. Stop Loss if $1.36 is violated

5) TAS—As suggested it tested its strong resistance at $1.14 but failed to close above it. Formed a “Spinning Top” today indicates some consolidation may be near and any retracement towards the immediate support of $1.10/$1.07 may offer opportunity to collect for future play. Strong support is at $1.02/$1.00. A break above $1.14 with volumes signal BUY confirms it break out from the Bullish Flag Pattern and has an immediate TP of $1.34 with strong resistance at $1.26 (Previous High). Stop Loss if $0.99 is violated.

6) TDM— Trading inside the Bullish Pennant of $0.98 to $1.04.Formed a Black Candle today may try the support of $0.99/$0.98. A break above the pennant at $1.04 signal BUY and it will move to immediate resistance of $1.09 and immediate TP of $1.15. I have further increased my Trailing Stop to $0.95 to protect my capitals.

Today I cleared 20% of MPHBCAP at $1.78 and 50% of TAS at $1.14 to lock in profits.

I will be away for my year end holiday for about 1 month, so I am not monitoring any stocks at the moment. I will try to update my thread whenever I have the opportunity to use the internet.

Happy Trading..