"Knowledge without discipline is dangerous,discipline without knowledge has little value"
1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..”
2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you.
3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade.
4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade.
5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together.
6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk.
7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .
Trading Idea - Bright BRIGHT: Technicals are on the mend One of the largest aluminium foil packaging players in Asia Pac. Its products are catered for the tobacco, pharmaceutical, liquor and confectionary sectors, with over 90% are exported. In the wake of improving technical oscillators, an upward reversal in in the pipeline. A decisive breakout above RM0.50 will spur prices higher to RM0.0.52-0.55 zones. Cut loss at RM0.43
Trading Idea - HHGROUP HHGROUP: Prospect remains buoyant Beneficiary of stronger RMB. With RMB appreciation against Ringgit, HHGROUP is expected to record higher profit in 1QFY2015. Yesterday’s white candlestick which penetrated above RM0.515 amid bullish oscillators has provided ammunition for strong buying momentum. Thus, we are targeting at RM0.55 and RM0.57, with long term target price of RM0.62. Immediate support is RM0.52 and RM0.51. Cut loss below RM0.50
Stocks to watch: 1) PRINSIPTEK CORPORATION; Technical BUY with +34.1% potential return *Last: RM0.185 Target: RM0.230, RM0.275 Stop: RM0.155 *Timeframe: 2 weeks to 2 months
2) CHEMICAL COMPANY OF MALAYSIA; Technical BUY with +28.4% potential return *Last RM1.09 Target: RM1.26, RM1.49 Stop: RM1.04 *Timeframe: 2 weeks to 3 months
Ya, HEXZA(3298) did close with 2 Gravestone Doji .
The Gravestone Doji is formed when the Open, close and low are the same price. It has an upper shadow, meaning the sellers takes over the bull at closing.
What does it mean: Like any Doji the most important criterion is the location of the Doji. For the case HEXZA it was formed after a rally, it is generally viewed as bearish. TCB has correctly interpreted that it may begin its consolidation downward. But because it is an uptrend counter so any consolidation with reduced volume towards its immediate support of $0.815/$0.795 offers buying opportunity for future play. Just observe the Stop Loss level mentioned by TCB.
For a detail analysis of HEXZA,please visit TCB SIF at:
cityplus-IRIS The recent surge in share price has approached overbought territory as spinning top candlestick in the region of upper band triggers a technical correction in near term on a daily chart. Hence, profit-taking activities are likely to occur. Immediate supports are located at 0.33 and 0.325. A cut loss if 0.32 is violated. Happy trading
Bullish after breaking out from its pennant on 2/4 with volume. Subject to further confirmation, its consolidation after hitting a high of 1.28, appears to be over. It has an immediate support at 1.03/1.04. If its immediate strong resistance at 1.28 is taken out convincingly, it will be very bullish towards its target prices of 1.31, 1.49 and 1.67. Rumours of a potential fibre optics contract and the announcement of a new CEO are catalyzing the bullish run. Nevertheless, it is in an industry that is forecasted to have a robust growth in 2015. Technically, it is poised for a bullish phase.
Priva is trading at a bullish region. The pullback on a T4 trading day last Friday was healthy and holding well on a uptrend mode. With healthy volume this share will try to break its resistance of 0.415 and scale higher to 0.43/0.45 levels.Mid term resistance are at 0.52.Supports can be found at 0.40 and 0.37. Happy trading.
Trading Idea - ENGTEX ENGTEX: Grossly oversold § Undemanding valuations at 6.9x FY14 P/E against 10-year historical average of 8.6x and peers 17x. § Management is cautiously optimistic of FY15 performance amid more material contributions from its property division and potential more water replacement pipes businesses from Selangor and Federal governments. § As technicals are on the mend, ENGTEX is poised to retest RM1.07-1.11 zones in the short term. A decisive breakout above RM1.11 will spur prices higher to our long term target at RM1.20. Cut loss at RM0.945
Momentum Idea - OPENSYS OPENSYS: Gaining stronger buying strength § We see stronger buying momentum picking up pace as Bollinger band opens wider with a long white marubozu candlestick. Coupled with high volume amid bullish oscillators (RSI and Slow Stochastics), share price is likely to hit RM0.41 and RM0.43, with a long term objective of RM0.485. Immediate supports are pegged at RM0.38 and RM0.37. Cut loss at RM0.36.
Hi rob_z3_man & cityplus, MPAY: It is currently under consolidation. It formed a doji on 03/04 and started to pull back a bit to current support line of $0.29. If it breaks below that, it will find next strong support at $0.275. The selling pressure is reducing and if it trends upwards again, it will find immediate resistance at $0.305 and $0.325 respectively before it can move further up. Do take note that it has a bearish Price/RSI divergence. Stop loss at $0.27 if violated.
Hi MainBesar, YGL: It is currently trading sideways between support line at $0.285 and resistance line at $0.315. Breaking above $0.315 with volume will have a bullish implication (buy signal) which will take it to an estimated TP1 of $0.345 and TP2 of $0.385. However, it will find resistance at $0.335 and $0.355 respectively in its uptrend. Stop loss if $0.28 is violated.
Sorry for this delay. Sapind in still trading in its downtrend channel. It appears to be bottoming out at 1.16 which is the strong support now. There has been a tussle between the bulls and the bears over the past few trading sessions and for the moment, the bulls seems to be having the upper hand when it formed a tweezer bottom on 7/4. Immediate resistance is at 1.18/1.19. As for holding it for the long term, you will need an in depth review of its FA. At a glance, its financials are healthy. Do bear in mind that we are in a very volatile and dynamic economic and political environment and together with technological advances, the business environment is changing at an accelerated pace. So, if you want to go long term on a stock, its worthwhile to take a closer look at its FA.
----------------------------------------------------------- Posted by Ayn Ong > Apr 1, 2015 10:31 AM
Dear TCB: May i ask about a stock call SAPIND ? Look's like a good stock for long term. PLs Advise. Thanks.
Momentum Idea - NISHIN NISHIN: Multiple bullish indicators There is indicating a possible resumption of uptrend as “higher low” pattern in share price and oscillators on daily chart points to potential reversal to upside. Moreover, “Bullish Harami Cross” and “Tweezers Bottom” candlestick patterns on daily and weekly charts respectively suggest reversal of downtrend. Further upsides are targeted at RM0.325 and RM0.345, with a long-term objective of RM0.385. Immediate supports are pegged at RM0.30 and RM0.29. Cut loss below RM0.28.
Trading Idea - BRAHIMS BRAHIMS: Grossly oversold § Negative news likely discounted. BRAHIMS recent slump was mainly attributed to disappointing 4Q14 results and investors’ concerns due to uncertainties arising from the extended negotiations with MAS for a new catering agreement (by 30 Apr) and its proposal to acquire a local food-and-beverage company. § Accumulate as values emerge. At RM0.845, BRAHIMS is trading at 0.81x P/B, 24% below its 10-year historical average P/B of 1.07x and 67% below its closest peer’s SATS P/B of 2.49x. § Technically oversold after recent slump in share price. Poised to trend higher towards RM0.895-0.95 after a brief sideways consolidation. Immediate supports are RM0.80-0.825. Cut loss below RM0.79.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by TechcodeBreaker > 2014-05-18 01:09 | Report Abuse
"Knowledge without discipline is dangerous,discipline without knowledge has little value" 1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..” 2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you. 3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade. 4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade. 5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together. 6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk. 7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .