Posted by cherry tomato > 2014-05-19 07:17 | Report Abuse

good morning, whar time TCB will launch?

Posted by novice8 > 2014-05-19 07:20 | Report Abuse

mornign pathew! cherry! all!
TCB can be found at ---
http://klse.i3investor.com/servlets/forum/900981369.jsp
tq

Posted by matrixcool > 2014-05-19 11:30 | Report Abuse

MINHO--Hit my Trailing Stop at $1.22 so I sold all my remaining 30% of share to lock in 16% profits.

Happy Trading..

Posted by winwinborn > 2014-05-19 11:43 | Report Abuse

Hi Matrix,

Tommorow ex date dividend for WCT, there will be some share price adjustment about 0.325, rite? e.g (2.25-0.325)? Seek your advise.

Posted by novice8 > 2014-05-19 11:49 | Report Abuse

Hi winwin- ya, there will be adjustment tomorrow to WCT closing price (minus .0325) later.

Posted by winwinborn > 2014-05-19 11:54 | Report Abuse

Thanks Novice.

Posted by novice8 > 2014-05-19 17:17 | Report Abuse

No prob Winwin!!!

Posted by matrixcool > 2014-05-20 01:58 | Report Abuse

1) 3A— It is expected to test strong resistance at $0.945 in coming days and a break above will test my TP1 of $0.97. Any weakness will find immediate support at $0.895/$0.875.

2) ENGTEX—Trying to fill the gap of $1.90/$1.93. Strong resistance is at $1.98 if the gap is filled. The counter is still very bearish.

3) HEVEA-- It is expected to break above $1.41 to confirm price reversal (break out from its immediate down trend line) to re test Tp1 of $1.45/$1.50.

Happy Trading and good night...

Posted by novice8 > 2014-05-20 07:12 | Report Abuse

mat, noted! tq for the analysis!!

Posted by inwest88 > 2014-05-20 09:15 | Report Abuse

Matrix - good morning. Thanks for the reading on Lien Hoe but you missed out Kia Lim. How is it, may I ask ?


Posted by inwest88 > May 17, 2014 02:50 PM | Report Abuse X

matrix / Profitman - good afternoon. I do not use TA though I know it helps at times. Like matrix says, it is only a guidance and will surely an asset to those who know.

I would like to seek your opinion on Lien Hoe and Kia LIm. Appreciate your advice when you have the time.

Posted by matrixcool > 2014-05-20 11:36 | Report Abuse

inwest88 --SF had done the KiaLIm for you in TCB..Please read SF earlier posting in TCB.

3A--Sold 20% of 3A at $0.955 this morning to lock in 7% profits, a big Gap up in the morning open does invites short term traders to sell to fill the gap.

Happy Trading..

Posted by inwest88 > 2014-05-20 11:37 | Report Abuse

Thanks matrix. probably I missed SF's posting.

Posted by matrixcool > 2014-05-20 11:43 | Report Abuse

HEVEA--just broke out from its immediate downtrend line, most likely to try my TP1 of $1.45/$1.50..

Happy Trading..

Posted by novice8 > 2014-05-20 12:20 | Report Abuse

Congrats on 3a mat ;)

Posted by 1Bull > 2014-05-20 20:07 | Report Abuse

Matrixcool bro, can you help to analysis Mpay and Sona performance today. Is Sona charting new high?

Posted by matrixcool > 2014-05-20 21:57 | Report Abuse

1BULL, you may not realize we have started a new thread call TECHNICAL CODE BREAKER@ TCB, please post your requests there as this thread will be closed soon.

Happy Trading..

Posted by matrixcool > 2014-05-20 22:56 | Report Abuse

21st May 2014

1) 3A— As suggested yesterday it tested its strong resistance at $0.945 but failed to stay above.Today it open with a big gap which invites lots of short term traders to lock in profits to fill the Gap. It is expected to retest $0.945 and if break will test my TP1 of $0.97. Immediate support adjusts to gap support of $0.93/$0.92.

2) HEVEA—As suggested last night, it broke above $1.41 which I scale in another 20% of shares and now my average cost has increased from $1.34 to $1.36.It hit my TP1 of $1.45 but yet to close above it. It is expected to break above $1.45 to test its previous high of $1.50 and if break will test my TP2 of $1.58/$1.60 .

3) PRTASCO—It may test my TP1 of $2.00/$2.04 soon

I am still selling:
JAYCORP—More upward movement can be expected to $0.825/$0.86.


Today i cleared 20% of 3A to lock in 7% profits.

Happy Trading and Good Night..

Posted by novice8 > 2014-05-21 07:10 | Report Abuse

good morning everyone!
mat, tq for the analysis!!

Posted by matrixcool > 2014-05-21 22:32 | Report Abuse

22/05/2014
1) 3A— As suggested the Gap was filled today, as long as 3A stay above the gap support it is expected to retest $0.945 and if break will test my TP1 of $0.97. The upward momentum has slowed down and prices could be stabilizing around $0.90/$0.945.
2) BREM—Form another Doji today, the downward momentum has slowed down and volatility is extremely low. Some rebound could be expected, if break $2.08 it is expected to test $2.12/$2.17 and my TP1.
3) ENGTEX—Retested important support of $1.84 but managed to hold.The good news is the Price/RSI started to form Bullish divergence imply some accumulation is on around this level. Still the counter is very bearish and yet to fill the gap of $1.90/$1.93 in fulled.
4) HEVEA—As suggested HEVEA hit my target of $1.50 but failed to break above it. It is expected to try to break above $1.50 soon and to my TP2 of $1.58/$1.60. Any weakness due to the overbought position should find support at $1.45/$1.44. I have set my Trailing Stop to $1.43 to protect my profits.

Today I sold:
HEVEA hit my Target of $1.50 I sold 30% of my stocks av $1.47 to lock in 8.0% profits.

I am still selling:

a) JAYCORP (remaining 50%) As suggested, tested its immediate resistance at $0.825 today. More upward movement can be expected to $0.86/$0.90/$0.95.

b) HEVEA (Reaming 70%)—Set Trailing Stop at $1.43 to protect my profits.

c) 3A (Remaining 80%)—May clear more on any rebounds.

Happy Trading and Good Night..

Posted by winwinborn > 2014-05-22 10:30 | Report Abuse

Hi Matrix,

Would like to check if WCT uptrend still intact?

Posted by matrixcool > 2014-05-22 10:54 | Report Abuse

winwinborn,

WCT uptrend is still intact, for the short term after adjusting for the dividends it may re test support of $2.18.

As mentioned earlier this counter has lots of overhangs to clear, i may clear mine when it rebound to release my capitals. Will definitely post here when i am selling.

Cleared my Jaycorp this morning..

HEVEA--broke $1.50 but whether this is a Bull Trap yet to be confirmed..


Happy Trading..

Posted by winwinborn > 2014-05-22 11:01 | Report Abuse

Thanks Matrix.

Posted by novice8 > 2014-05-22 11:27 | Report Abuse

Noted Mat!!!

Posted by matrixcool > 2014-05-22 23:04 | Report Abuse

23/05/2014

1) 3A—Shows more weakness today, 3 black candles past 3 days, bearish trend to continue. Price is temporary stabilizing around $0.90/$0.945.

2) BREM—Has turned bearish for the short term, may test immediate support at $2.02. I have raised ny Stop Loss if $2.02 is violated with volume to release my capital.

3) ENGTEX—3 black candles for the past 3 days imply the bearish trend should continue. BUT as I mentioned last night the Price/RSI has formed Bullish divergence imply some accumulation is on at around this level.Those traders that are holding ENGTEX I would suggest to give it more space to maneuver so that we won”t be caught in the Bear Trap if it break $1.84. I will reduce my Stop Loss from $1.84 to $1.79 to give the stock more space to breath raising my risk from 4.2% to 6.7%.STOP LOSS (2)=$1.79. The reason for this action is because I am confident ENGTEX will rebound strongly due to the Bullish Divergence. Still the counter is bearish and yet to fill the gap of $1.90/$1.93 as mentioned earlier in my posts. So those traders that are still holding on Engtex do make your own decision ok?

Today I sold: the remaining 50% of JAYCORP av $0.835 to lock in 8.4% profits.

I am still selling:

a)HEVEA (Reaming 70%)—Today it broke above $1.50 and managed to stay above $1.50 which is very encouraging.It is expected to try my TP2 of $1.58/$1.60. Any weakness due to the overbought position should find support at $1.50/$1.48. I have increased my Trailing Stop to $1.47 to protect my profits.

b)3A (Remaining 80%)—May clear more on any rebounds.


Happy Trading and Good Night..

Posted by novice8 > 2014-05-23 07:17 | Report Abuse

noted on engtex! tq mat!!

Posted by winwinborn > 2014-05-23 13:56 | Report Abuse

Hi Matrix.

Fyi
http://klse.i3investor.com/blogs/amresearch/52800.jsp

Posted by matrixcool > 2014-05-23 15:23 | Report Abuse

winwinborn ,thanks for sharing WCT..

Chart wise not as attractive as what they said..Ding Dong $2.18 to $2.29..

Happy trading..

Posted by matrixcool > 2014-05-25 23:40 | Report Abuse

26/05/2014—Weekly Summary

1) BREM-- AV Price=$2.03 (Closing=$2.03 , P&L= 0 %), Stop Loss (2)=$2.00(If violated)
Risk= -1.50%. Tp1=$2.20 , TP2=$2.26/$2.30. (Exp Trading Range $2.02 to $2.12 ).
Note: It is settling into a tight trading range of $2.02 to $2.12 with immediate resistance at $2.08. The volatility is extremely low implied some price action could be happening soon. The Price /RSI started to show divergence so undertone is weaker than thought. The first sign of weakness if break $2.02 it may move downward to next support of $1.96. I have raised my Stop Loss from $1.90 to $2.00 take a small loss of 1.5% to release my capital.For mid term traders your exit is $1.90 if violated. (LV x2) ( P/RSI Bearish Divergence x2).

2)ENGTEX-- AV Price=$1.92 (Closing=$1.85, P&L= -3.60 %), Stop Loss(2) =$1.79. Risk= - 6.70%. Tp1=$1.98(Exp Trading Range $1.84 to $1.98).
Note: Engtex has turned Bearish after the big fall with a fallen window on 16/05, it has been testing my Stop Loss level of $1.84 since then. The downward momentum has slowed down and Price/RSI has formed Bullish divergence imply some accumulation is at around this level.Some rebound could be expected soon, any rebound will find immediate Gap resistance at $1.90/$1.93, strong resistance is at $1.98. I will reduce my Stop Loss from $1.84 to $1.79 to give the stock more space to breath raising my risk from 4.2% to 6.7%.STOP LOSS (2)=$1.79

3)PRTASCO-- AV Price=$1.89 (Closing=$1.93, P&L= +2.0%), Stop Loss=$1.80 . Risk= -4.8 %. Tp1=$2.00/$2.04 , TP2=$2.10/$2.14. (Exp Trading Range $1.90 to $2.04). Note: After breaking out of its Flag pattern on 12/05 and hit my TP1 of $2.00/$2.04, it has failed to scale higher as anticipated. The upward momentum has increased lately and a break above $1.98 and it is expected to retest my TP1 of $2.00/$2.04 .
Any weakness will find immediate support at $1.90 and strong support at $1.86/$1.85.

4)WASEONG-- AV Price=$2.01(Closing=$2.00, P&L= 0%), Stop Loss =$1.94, Risk= -3.50 %. Tp1=$2.18, TP2=$2.29/$2.30(Exp Trading Range $1.97 to 2.10).
Note: It broke down from the bullish pennant on 20/05 which has bearish implication. The only good thing is the broke down is without big volume and it tested its strong support of $1.97 and hold. Now it is developing into a Descending triangle which normally follow the direction of the slope which is bearish. But like any triangle the most important factor that determines the trend is the direction of the breakout. The downward momentum has slowed down imply $1.97 is holding well, with extremely low volatility so some rebound to immediate resistance at $2.02 and strong resistance at $2.06 is anticipated. A break above $2.06 with volume signal breakout and it is expected to test $2.10 and if break will test my TP1 of $2.18 & beyond. A break below $1.97 spells more troubles and I will take my losses if $1.95 is violated. (For mid term traders Stop Loss level if $1.82 is violated).

5)WCT-- AV Price=$2.263(Closing=$2.15, P&L= -4.86%),Stop Loss (3) =$2.10, Risk= -7.20%. Tp1=$2.37/$2.40, TP2=$2.50/$2.55 (Exp Trading Range$2.15 to $2.24.
Note: After the dividends, the price of WCT took a beating. It violated the strong support of $2.18 with volume, which is a worrying sign. For short term traders, WCT has turned bearish and downward momentum has increased, a break below $2.15 expects more trouble towards next supports of $2.10. Any technical rebounds because of oversold position will find immediate resistance at $2.18/$2.22.

I sold all my:
a) HEVEA locking in av of 10% profits.
b) JAYCORP locking in Av 8.8%

I am selling remaining shares of:
3A – May cleared all the remaining share to release my capital. 3 Black candles for the past 3 days imply a bearish trend. Any rebound will find resistance at $0.92/$0.925. immediate support adjusts to $0.89.

Note: This is my last weekly Summary for the thread. I will make a final conclusion for the thread at the end of the Month. After that, any update of the stocks from this thread will be posted on TCB in JUNE. That is, I will only update if there is any movement of the stocks.
For those that are interested in the stocks from $1 to $2++ which I am trading, please email me at :
Matrixcool02@gmail.com and I will let you know any new stocks I am buying.

Happy Trading and thanks for the past year support of my thread.

Posted by novice8 > 2014-05-26 07:16 | Report Abuse

mat! tqvm for the weekly summary!!!

Posted by tccher > 2014-05-26 12:48 | Report Abuse

Dear matrixcool, have sent you an email , please check . Thank you and have a nice day to you .

Posted by lsy7 > 2014-05-26 21:55 | Report Abuse

Thanx Mat for your nicely done TA!!

Posted by matrixcool > 2014-05-26 22:41 | Report Abuse

27th May 2014

ENGTEX—Trading range of $1.84 to $1.88, very bearish, Need to close above $1.90 for price reversal. the Price/RSI had formed Bullish Divergence for past 3 days, that means undertone is stronger than thought and some accumulation is going on at this level. I am also starting to add more shares at $1.84/$1.85 level to lower down my average. Some rebound is expected soon.

PRTASCO-- Trading Range $1.90 to $2.04. Expect to test the immediate downtrend line of $1.98 if break will try $2.00/$2.04.

Happy Trading..

Posted by novice8 > 2014-05-27 07:14 | Report Abuse

noted on engtex and prtasco!!! tqvm!

Posted by matrixcool > 2014-05-28 23:13 | Report Abuse

29/05/2014

WASEONG—Waseong almost violated my Stop Loss today, it formed an Engulfing Bear (which is normally very bearish) today, but because it has been on the downtrend and I suspect this could be the last “Engulfing Bottom”. Need a confirmation candle tomorrow and if it closes above $1.96 then it indicates a bullish reversal. Downward momentum has slowed down,more rebound can be expected to $1.97/$2.00.

I am selling remaining shares of:

3A –After the Doji formed yesterday it move above $0.90 today imply some price reversal is on the way.It may have found a new bottom at $0.875. It is expected to test its immediate resistance at $0.925/$0.945. The landscape of 3A will change to be very bullish if it can break and close above $0.945( consolidation break out and to start stage 2 of a new cycle) to challenge $0.97/$0.99 and target of $1.02. Any weakness should find support at $0.885, Stop Loss if $0.875 is violated.

Happy Trading and good night..

Posted by matrixcool > 2014-05-29 21:29 | Report Abuse

30/05/2014

ENGTEX—Not out of wood yet. If break above $1.87 signal price reversal for short term to $1.90/$1.93 (Gap Resistance).

PRTASCO—Sideways trading Range $1.92 to $1.98, consolidation may be over soon because the upward momentum has increased. Expect to test the immediate downtrend line of $1.98 if break will try $2.00/$2.04.

WASEONG—As per my posting last night, it may have found the last engulfing bottom at $1.93 because today it closed above $1.96 and formed a Bullish Harami. This could be a possible Bullish Reversal but need tomorrow candle to confirm. If break and close above $2.00 signal BUY and I may add more shares. Otherwise the downtrend can continue.It is not out of the wood yet, but more rebound can be expected to $2.00/$2.02 and strong resistance at $2.05.

Happy Trading and Good Night..

Posted by novice8 > 2014-05-29 22:44 | Report Abuse

Noted!! Tqvm!!

Posted by speakup > 2014-05-29 23:09 | Report Abuse

Get ready to whack 7-11 IPO tomorrow :-)

Posted by speakup > 2014-05-29 23:10 | Report Abuse

Vincent Tan will push 7-11. Cannot lose face one.

Posted by matrixcool > 2014-06-01 08:37 | Report Abuse

SUMMARY FOR MAY 2014

Today is the end of my Thread, I want to say thanks you to all Forum investors for supporting my thread over the year. I have opened my account for the full year and shows that if we can trade with a trading plan, be disciplined, take your losses early and cultivate habits of profits taking you can actually make money in the Stock Market.I would not post anymore on this thread and if you have any query about the old stocks, please post them at TCB and I will be more than happy to reply your queries. (Those that are still holding the old stocks can also email me at matrixcool02@gmail.com)

May has been a reasonable good month for me overall. I closed 7 trades and 4 making money, 1 to release my capital and 2 losing trades.
Summary as follow:

BARAKAH—SOLD and lock in 5% profits.
BORNEO OIL—Sold at 8% losses
HEVEA—Sold and lock in Av 10%
JAYCORP—Sold and lock in Av of 8.8%
MINHO—SOLD and lock in 15% profits
PANTECH—SOLD to release my capital
WASEONG—Sold at a Loss of 4%

The stocks I am still holding going into June 2014:

BREM ( 0%)
ENGTEX ( -4.1%)
PRTASCO (+3.1%)
WCT (-4.8%) not including dividends that I am entitled.

I will update these 4 stocks in TCB whenever I deem necessary and definitely let you know if I am selling them.

Happy Trading and see you all at TCB..

Posted by CityTrader > 2014-06-01 09:44 | Report Abuse

Good morning Matrixcool, why? U have done a good deed to help forumers to learn TA. Why out of sudden, u want to end your postings? Or is it bcos of world cup? Cheers!

Posted by matrixcool > 2014-06-01 15:10 | Report Abuse

City Trader,

Haven't heard from you for awhile.It is always nice to hear from you..


The stocks i trade normally $1.00-$3.00 not many newbies trades at this range, i found out most new traders trade counters below $1.00.
Also, I have open my whole account for 1 year I think that is long enough.

We had started TCB and want to spend more time there helping more investors, i can read more charts below $1.00 for them.

Hopefully can see you more often in TCB and help out as i know you are good in trading.

Have a nice weekend..

Posted by CityTrader > 2014-06-01 15:17 | Report Abuse

Tq Matrixcool, i will pay a visit in TCB, nice talking n knowing u! Cheers! Happy Sunday n Holiday in Sarawak.

Posted by matrixcool > 2014-06-01 15:31 | Report Abuse

Thanks...C u in TCB soon..

When are you coming back from Sarawak? If in Kucing must try their Ko Lo Mee, really nice.Dont forget to bring back their white pepper !!

Happy holiday..

Posted by connie > 2014-06-01 15:41 | Report Abuse

awww matrix .. today marks the end of your thread ??? sob sob sob ... this is the very first thread i visited and commented !! yes i know there is TCB but still feel very sentimental about your thread :(

Posted by matrixcool > 2014-06-01 17:21 | Report Abuse

connie, thanks.

I need to end it to spend more time in the TCB, do visit us and help those that need help on TA sometimes. How is your waves reading getting on? profitMan confuses me some time with his waves counts (jokes!)

It is always nice to hear from you, have a nice evening..

Posted by connie > 2014-06-01 22:06 | Report Abuse

matrix .... will definitely visit TCB ! my waves yeah ?? they still drive me nuts at times but not giving up :) profitman confuses you .... he amazes me ! and matrix inspires me :) u are truly remarkable ! my last post in this thread ... if u can see me now, my eyes are teary :(

Posted by connie > 2014-06-01 22:07 | Report Abuse

oops one last post ... good nite matrix !!

Posted by matrixcool > 2014-06-01 22:14 | Report Abuse

Connie, don't worry, we will meet at TCB..

I am happy for you because i know you are a very keen learner and i am sure you will be a master soon at EW one of these days..Ya, i know it is not easy in EW, i tried and failed miserably, so I gave up and use simple 4 stage cycle.

Good Night..

Posted by spec9888 > 2014-06-24 18:47 | Report Abuse

Short term trader normally hold the stock how many days?

Posted by itsart > 2014-07-10 20:45 |

Post removed.Why?