Posted by novice8 > 2014-06-04 07:13 | Report Abuse

tqvm mat on cypark!!!

Posted by matrixcool > 2014-06-04 10:16 | Report Abuse

tsy88

MENANG—Very Bullish at stage 2 of the cycle. If break previous high of $1.09 next estimated target is at $1.18/$1.20. Immediate support adjusts to $1.02/$1.00. It is important, it can stay above $1.00 not only it is a psychological level if break the next meaningful support is at $0.935. The stock has showed from past pattern when there is a rebound after consolidation it always accompany with Big volume which is very bullish.

On your question whether can buy at $1.02 I can”t advise you on buying, you need to make that most important decision yourself.

I can only share with you my entry method:

If your stop Loss is if $0.935 is violated that is a 9.5 cents risk and compare to target say $1.18 which is a 16 cents gain. The Risk/Reward ratio is >1:1.5 which I will normally take on.

If your Stop Loss is if $1.00 is violated by all means as it is a very low risk Buy.

Hope this help.

Posted by tsy88 > 2014-06-04 11:12 | Report Abuse

Matrixcool - Thanks alot 4 yr advice n analysis on Menang. Wl buy at 1.02 thereabout n put my stop loss at 1.00. Risk reward quite favourable.2day is forced selling for high of 1.09 done n notice that it comes after forced selling.

Posted by matrixcool > 2014-06-04 11:27 | Report Abuse

tsy88, Stop Loss at $1.00 means this level $1.00 is violated with volume.

Happy Trading..

Posted by ck > 2014-06-04 11:36 | Report Abuse

Hi TCB,

Kindly please help take a look at Kimlun. tqvm.

Posted by Mc_Wei > 2014-06-04 11:37 | Report Abuse

I'd like to add abit on Menang and the 1.00 psychology level. I mentioned earlier that one is not encouraged to trade more than 5% of daily volume. Reason being is that, when a support level is broken, it can drop very fast. If you hold big quantity there is no way that you can exit all at 1.00 or even 99.5c.

Posted by Mc_Wei > 2014-06-04 11:44 | Report Abuse

If you buy big quantity (which I refer to more than 5% of average daily volume), you can't afford to wait for the big volume to come and then react. Like matrixcool said - $1.00 is violated "with volume". You are categorised as one of the guys who has the volume to violate $1.00.

Posted by senyi88 > 2014-06-04 12:01 | Report Abuse

Hi matrixcool, please help me look at sona and pjdev-wc. Thank you so much in advance!

Posted by matrixcool > 2014-06-04 12:36 | Report Abuse

Mc_Wei,

Very well said..Now we understand your logic behind the 5% of the average daily volume.

Thanks for sharing.

Posted by tsy88 > 2014-06-04 12:46 | Report Abuse

Mcwei - Tq 4 yr info on Menang. Appreciated. M buying small quantity only.So wont b affected if 1.00 violates.

Posted by matrixcool > 2014-06-04 14:48 | Report Abuse

ck

KIMLUN—Stage 3 of the cycle what we refer to Distribution stage and price can be volatile, it is expected to trade between $1.50 to $1.80 for mid term. Even if it breaks $1.80 should find very strong resistance at $1.90. The problem with KIMLUN it has lots of overhangs to clear, any rebound invite sellers that were caught at the high to sell and reduce their losses.
For the short term, it is expected to trade between $1.56 to $1.70.If break $1.70 it is expected to meet resistance at $1.75 and strong resistance at $1.80. Very strong support is at $1.50 and do exit if $1.50 is violated with volume that means it will start stage 4 of the cycle which is to be avoided at all costs.

Happy Trading

Posted by matrixcool > 2014-06-04 15:53 | Report Abuse

senyi88, I did the chart reading for SONA on 20/05

#SONA—Breakout from Symmetrical Triangle 2 days ago with volume, it is very bullish and should be testing its previous high of $0.62 soon. A break above will take Sona into uncharted territory with targets of TP1=$0.66 and TP2=$0.70/$0.73. Any weakness during consolidation may find immediate support at $0.585/$0.58 and strong support at $0.56/$0.55.Exit if $0.535 is violated.#( 20/05)

04/06
After The reading it did consolidate towards the strong support of $0.56/$0.55 which actually offer opportunities to collect for future play. The scenario remains the same and it actually tested its previous high of $0.62 but failed to clear it. A break above $0.62 it is expected to scale higher to those targets I mentioned on 20/05 unless $0.535 is violated with volume.

Happy Trading..

Posted by ProfitMan > 2014-06-04 18:30 | Report Abuse

tsy88 - Furnweb:

Was trading sideways between the support of 0.81 and the resistance of 0.83 before it opened with a gap up on 3/6 with volume. The direction of the price movement today is indecisive with the doji formed. If the break out is sustainable, it will test the next 2 resistance at 0.86 and 0.895/0.90, its gap resistance, respectively. If the gap resistance is overcome, it will re-test 0.915.

If it fails to sustain the upward momentum, it will most likely retreat into its sideways movement with an immediate support at 0.81, with strong support at 0.79. You may want to set a stop loss at 0.78 because if the 0.79 support is broken, it will trend towards 0.72.

On the FA aspect, please note that its revenue slipped 6.7% in 2013 and its cash flow from operations has turned negative in 2013.

Posted by Lz Lee Weiping > 2014-06-04 20:49 | Report Abuse

dear TCB can help on this two stock: MAHSING, SAPIND

MAHSING:
29/08/2013 and 27/01/2014 forms a double bottom
and now it's in stage 2 of cycle uptrend but consolidated between the range 2.25 and 2.30,
the next resistance is the at 2.37 which is a gap resistance and the 3 resistance is 2.5 which is the middle top of the double bottom formed.

SAPIND:
going to be a downtrend i guess...because of the harami candlestick formation.

Posted by stay_foolish > 2014-06-04 22:04 | Report Abuse

Lz Lee Weiping

Mahsing

Yes it is a double bottom from 29/08/2013 to 27/01/2014. However it failed to stay above 2.32. From 27/1/04 to 7/04/14, it formed a cup and handle pattern.It broke through 2.22 and test 2.32 again.
I believe the it wil consolidate btw 2.23 to 2.27. Resistance 1 is 2.32 and resistance 2 is 2.37. The support line is 2.22/2.23 .

Sapind

From 10/4 to 26/05, it formed a small U shape. And the price broke through 1.68 and test 1.8. Yup, today 04/06 formed a bearish harami. The appearance of a harami is an indication that the market may be losing momentum and should need to be more caution. Need to wait for tomorow candle to confirm whehter is consolidate or downward reversal. The support 1 is 1.68 and support 2 is 1.64.


Btw, you are very good in candlestick and pattern. feel free to read the chart in TCB. Matrixcool and profitman will help us to add in more input :)This is the best way to learn :)

Posted by stay_foolish > 2014-06-04 22:05 | Report Abuse

Senyi88,

PJDEV-WC

It actually has two cup and handle pattern. One is from 24/02 to 15/5. Another one is from 25/02 to 14/4. However, the price failed to stay above the two cup and handle pattern. It broke the 0.745 support line and further test 0.7. Support line 2 is 0.675. According to the 2013 and 2014 RSI record, the price will rebound when the RSI below 30. I am not sure whether the history will repeat again ( During 2011, 2012 and 2013, the price actually consolidate when the RSI below 30).

Posted by matrixcool > 2014-06-04 22:57 | Report Abuse

05/06/2014

Stocks Update:

ENGTEX—Not out of wood yet. Upward Momentum increased, more rebound can be expected. If break above $1.88 signal price reversal for short term to $1.90/$1.93 (Gap Resistance).


SCOMIES—Formed an Engulfing Bull today but still need tomorrow candle to confirm whether it is the last Engulfing Top. If it close above $1.02 tomorrow means the Price reversal that the bear might shift to Bullish movement. A break above $1.04 means a breakout from Double Bottoms formation and carry an estimated target of $1.10/$1.12 and beyond (As suggested by our Stock In Focus on Monday).Immediate support adjusts to $1.00/$0.99, Stop Loss if $0.96 is violated.


WCT—Upward Momentum has increased, may test immediate resistance at $2.18/$2.20. Not out of the wood yet, the landscape for WCT will improve if can break and stay above $2.20.

Happy trading and Good Night..

Posted by novice8 > 2014-06-05 07:15 | Report Abuse

mat, tqvm!!!

Posted by Dino Limo > 2014-06-05 09:44 | Report Abuse

Hi can anyone advise on Minho? I bot at 1.11, now its 1.08.

Do i wait it out? or isit resuming its down trend?

Thakns profit and matrix

Posted by matrixcool > 2014-06-05 10:12 | Report Abuse

MINHO—Dino, I myself was caught by Minho and took my losses when break $1.10 end of last months. It broke its uptrend Line on 27/05 with volumes when it breaks below $1.15. Chart wise may have started Stage 3 of the cycle, which price can be volatile. It is doing some technical rebound after finding new low of $1.04 (have not been tested yet). Any rebound should find immediate resistance at $1.10 and very strong resistance at $1.15. Definitely not out of the wood yet, unless it can break and stay above $1.15.

To sell or sit it out you need to make that important decision yourself. By The way what is your Stop Loss level when you first bought at $1.11 which is very close to Support of $1.10?

Happy Trading.

Posted by ProfitMan > 2014-06-05 10:39 | Report Abuse

Lz Lee Weiping - Sapind:

I don't think it is going into a downtrend based on current pattern formations. It has broken out of its downtrend line on 20/3 and it is bullish in wave 1. It may possibly go into a healthy retracement as part of the wave 2 correction before it embarks into the very bullish wave 3. This is the most likely scenario on the movement of this counter. SF is right in the sense that it is losing a bit of momentum at the moment.

Posted by Dino Limo > 2014-06-05 11:06 | Report Abuse

I was thinking, the support level is strong enough to push it back up. I was in for the quick 3-4 sens.

Hehe, might be my own fault for being greedy.

Posted by matrixcool > 2014-06-05 11:39 | Report Abuse

Dino, actually you are right to buy near $1.10 because that was a strong support after $1.15. The problem was when $1.15 was broken (I was actually collecting near $1.15 at that time) it also violated its immediate uptrend line which means it has a new Resistance Line for any rebound. As of today, the reading of that uptrend line is at $1.22 and rising, meaning even MINHO is to stay above $1.15 the previous uptrend line will be strong resistance.

Hope this help.

Posted by winwinborn > 2014-06-05 13:40 | Report Abuse

Dear TCB,
Could you help to look the chart analysis on OSKPROP? What is the TP by TA calculation. Much Thanks

Posted by matrixcool > 2014-06-05 14:34 | Report Abuse

winwinborn,

I think I did the chart reading for you on 22/05 ,

# OSKPROP—Very Bullish stage 2 of the cycle. Keep breaking new high into uncharted territory. This morning it gap up from its immediate resistance of 1.87 heading towards its next estimated target of $2.00. Congratulation, you are on a winner. For counter that is trading on stage 2 cycle I would suggest you do set a Trailing Stop to protect your profits just in case there is a big pullback. The immediate support adjusts to big Gap Support formed on 14/05 at $1.82/$1.78. Very strong support is at $1.75/$1.73. (22/05) #

After the reading,

It hit a new high of $1.98( just short of $2.00 as suggested by me). A target is just a guide and lots of traders burned their pockets believing the stock should get to their target price before they want to sell. And many times the stock before achieving their targets and started to pull back and their winning stocks become a losing stock.
If you are really looking at a figure the next target is always the round number $2.00 (We call it invincible strong resistance). If it breaks and stay above $2.00 then you can look at $2.10/$2.15.

As stated on 22/05 to trade stage 2 stock, set your Trailing Stop to protect your profits when you are on a winner.

Happy Trading.

Posted by winwinborn > 2014-06-05 15:15 | Report Abuse

Oh really, I think i missed your replied on that day...Million Thanks, Matrix for the below advise.


# OSKPROP—Very Bullish stage 2 of the cycle. Keep breaking new high into uncharted territory. This morning it gap up from its immediate resistance of 1.87 heading towards its next estimated target of $2.00. Congratulation, you are on a winner. For counter that is trading on stage 2 cycle I would suggest you do set a Trailing Stop to protect your profits just in case there is a big pullback. The immediate support adjusts to big Gap Support formed on 14/05 at $1.82/$1.78. Very strong support is at $1.75/$1.73. (22/05) #

After the reading,

It hit a new high of $1.98( just short of $2.00 as suggested by me). A target is just a guide and lots of traders burned their pockets believing the stock should get to their target price before they want to sell. And many times the stock before achieving their targets and started to pull back and their winning stocks become a losing stock.

If you are really looking at a figure the next target is always the round number $2.00 (We call it invincible strong resistance). If it breaks and stay above $2.00 then you can look at $2.10/$2.15.

Posted by Dino Limo > 2014-06-05 15:52 | Report Abuse

How do u guys read on Hevea? guys

Posted by choolooi > 2014-06-05 16:13 | Report Abuse

TCB, pls read SEALINK if can .
Has been range bound for slightly more than 2 weeks.

Posted by novice8 > 2014-06-05 17:11 | Report Abuse

Dear TCB- may I trouble to look at Waseong and Muda pls? Tq guys!!

Posted by matrixcool > 2014-06-05 19:58 | Report Abuse

novice8,

MUDA—Formed a Flag Pole pattern which has bullish implication. It is trapped inside the bullish flag longer than I would like (Almost 1 month). Sideways movement with downward bearish trend, if $1.80 fails to hold may test the important support at $1.78. It spells more trouble if $1.78 is violated as the next meaningful support is at $1.72. Volatility is extremely low for the past week, some price fluctuation can be expected soon. Immediate resistance adjusts to $1.84/$1.90. I would take my losses if $1.78 is violated with volume.

Happy Trading.

Posted by ck > 2014-06-05 20:48 | Report Abuse

Hi TCB,

Kindly please help on Destini n can define which stage of cycle. thank you TCB.

Posted by yoda88 > 2014-06-05 21:41 | Report Abuse

choolooi-Sealink

Sealink is going to a wave 3 cycle but well supported at 20MA on a T4 trading today.It may rise after staying at 20 MA today with a resistance at 0.54 and should that resistance level be broken the price target will be 0.58.However, a failure to stay
above MYR0.52 will likely see the stock trading lower and further
support is at 0.505 and 0.445.
Happy Trading.

Posted by choolooi > 2014-06-05 23:22 | Report Abuse

Thx Yoda.
Will keep an eye on it .

Posted by nch218 > 2014-06-05 23:24 | Report Abuse

dear tcb, please analyze sycal and symlife...tq

Posted by matrixcool > 2014-06-05 23:26 | Report Abuse

ck,

DESTINI—It is at stage 2 of the cycle and very bullish. Now forming what looks like a Ascending Triangle with reaction high at $0.675, a break above this level with volume will take it to its previous high and into uncharted territory.

nch218, will look at your charts tomorrow.

Happy Trading..

Posted by matrixcool > 2014-06-05 23:46 | Report Abuse

Stocks Update: For those that bought this 2 counters after my alert for short term play through emails:

KNM—It breaks above $0.79 today with volume and it is expected to scale higher in the near term. It carries an estimated target of $0.875 with immediate Resistance pegged at $0.815/$0.825 Immediate support adjusts to $0.79/$0.775 and strong Support is at $0.74, any weakness may offer the opportunity to buy for future play. A break above $0.875 will take it back to its previous high of $0.935.Stop Loss if $0.70 is violated with volume.

MITRA—Consolidation is over after hitting a high of $0.935 on 19/05 and may have found a new bottom at $0.825. Downward momentum has slowed down and more rebound can be expected.Today it breaks out from its pennant formation at $0.865 signal BUY and it is expected to scale higher to immediate resistance of $0.90 and to test the previous high of $0.935 (Very Strong Resistance as this is also the same high that set on June 2011). Immediate supports adjusts $0.86/$0.835 and to Stop Loss if $0.82 is violated.

Note: Those Stop Loss levels are meant for Short Term Traders like me. Please remember to lock in profits whenever opportunity arises and remember Target is only a guide.

Happy Trading and Good Night.

Posted by tsy88 > 2014-06-06 05:20 | Report Abuse

Profitman -So sori. I juz saw yr analysis n commenton Furnweb. Juz 2 let u know that I cleared at 0.85 whith I bot at 0.83 as I dont intend 2 get inbolved in the rights issue. Tqvm. Appreciated.

Posted by tsy88 > 2014-06-06 05:23 | Report Abuse

Profitman. Mistakes corrected. "Which". "Involved". Apologies.

Posted by tsy88 > 2014-06-06 05:32 | Report Abuse

Dear TCB - Can advise if Wong can buy on pullback n at what lvl?

Posted by matrixcool > 2014-06-06 09:14 | Report Abuse

nch218
SYMLIFE: Stage 4 of the cycle may be ended with a low of $1.01 on 29/04 and it is at stage 1 of the cycle. It is the inside Rectangle Trading of $1.02 to $1.08. If break the Rectangle expect some strong resistance at $1.12 level. If you are thinking of bottom fishing do set a Stop Loss if $1.00 is violated .
Note: The problem with counter that just ended with stage 4 cycle has lots of overhang to clear, any meaningful rebounds will invite sellers that were trapped at a higher price to reduce their losses.

Happy Trading..

Posted by ProfitMan > 2014-06-06 09:19 | Report Abuse

tsy88 - no problem. Most important thing is not to lose on a trade.

Posted by ck > 2014-06-06 09:29 | Report Abuse

Dear TCB,

Please help look at GHL is it consolidation stage. tqvm

Posted by cherry tomato > 2014-06-06 09:40 | Report Abuse

Read by Profitman on 22 May
GHLSys:
Major support of 0.80 was broken and it found strong support at 0.755. Now re-testing to break its immediate resistance at 0.87 convincingly with the gap up yesterday with volume. If overcome, the resistance level is at 0.96. If it fails to stay above 0.87, it should find immediate support at 0.815/0.82.

Posted by nch218 > 2014-06-06 09:43 | Report Abuse

Thanks Matrixcool,Symlife should be well support at RM 1.

Posted by nch218 > 2014-06-06 10:02 | Report Abuse

Dear TCB, please provide reading on L&G LA and Prestar. Thank you.

Posted by ProfitMan > 2014-06-06 10:14 | Report Abuse

Dino Limo - Hevea:

Bullish on wave 3. After the bullish engulfing of 23/5, it underwent some correction and consolidation and found an immediate support at 1.35. It has strong support at 1.32 but if broken, will head towards 1.24. Going forward, it will encounter resistance at 1.43 (immediate resistance), 1.46 and 1.50 before coming face to face with its major resistance at 1.54. The momentum moving forward has weakened at the moment and possibly some minor retracement can be expected assuming no external shock to the local bourse.

FA wise, it recorded improved performances in 2013 with some decent increase in revenue, profits and cashflows.

Posted by Lz Lee Weiping > 2014-06-06 10:37 | Report Abuse

dear TCB can help on ALAQAR?

had a trend reversal in 16/01/2014 (long candle tail), and now it's trading in a rectangle which had a strong support at 1.35 and a resistance of 1.4. But then it seems to me that it's also trading in a big triangle which has the support level of 1.3 and resistance level of 1.4 since the year 2013.

Posted by ProfitMan > 2014-06-06 10:41 | Report Abuse

nch218 - Sycal:

Bullish and under consolidation at the moment. Can expect it to trade sideways in the very short term on reduced volume. However, its overall uptrend should remain intact.

Immediate support = 0.38 ; S2 = 0.345
Immediate resistance = 0.40 ; R2 = 0.425

Posted by nch218 > 2014-06-06 10:44 | Report Abuse

Thanks Profitman..

Posted by matrixcool > 2014-06-06 10:59 | Report Abuse

CK,

GHLSYS--Stage 4 of the cycle may be ended on 06/05 at a low $0.755, normally stage 1 of the cycle should begin after that and normally trade inside a Rectangle Trading. (Say from $0.815 to $0.895).
But the latest development of GHLSys looks like developing into Uptrend Channel with higher high and higher low. Normally this is very bullish but after such a big Pull Back we may need to be careful it is not developing into a Rising Wedge which has bearish implication. Do monitor the volume if it keeps setting new high with reduced volume you may want to observe the Uptrend Line well and clear if this line is violated with volume.

Note: The Rising Wedge will keep moving higher to the resistance on what profitMan posted, the shares are distributed if it is indeed a Rising Wedge.

cherry tomato—Thanks for helping TCB to post the reading of profitMan on GHLSys from last month.

Happy trading..