"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 .
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.
twoplus, the consolidation of Hexza is over and it has taken out the gravestone dojis convincingly with good volume too. It has the potential to hit 0.90, its 1st TP, in a matter of time although no one can tell whether it can be achieved today. If you are trading this stock, do follow your trading plan. Good luck.
newinvestor8, the MPay selling is to be expected in its consolidation phase as sunlight has correctly interpreted in his analysis. Furthermore, there is a bearish price/rsi divergence. As long as its strong support at 0.275/0.28 remains intact, the consolidation is healthy.
Stage 2 of Market Cycle which is very bullish. I believe there is some accumulation going on because it just breakout from previous high and entered into uncharted territory. However, a Hanging Man Doji has formed on last trading session. Need to wait for next trading session to confirm whether there is a price reversal. It is expected to trade between $4.66 and $4.85 in short term. A break above $4.85 may test psychological level at $5. Any weakness may find $4.66 as immediate support and $4.47 as strong support.
Stage 4 of market cycle which is bearish. It is still trading in long term down-trend line. It failed to break above $0.25 on 13/03 and currently consolidated in between $0.195 an $0.22. If break above $0.22, it will test $0.25. A break above signal Trend Reversal to stage 2 which is bullish. Any weakness may find $0.195 or $0.175 as support. Cut loss if $0.175 is violated.
Stage 2 of Market Cycle which is bullish. The break above $1.75 on 25/02 has signal into Market Cycle Stage 2. It is expected to test immediate resistance at $1.95/$1.98. Any weakness may find $1.81 as immediate support and $1.75 as stronger support. Cut loss if $1.75 is violated.
dunknow-KKB KKB is a good fundamental stock, with a mid term target of RM1.60 level.A bullish gap up and above the 100MA during today's trading but it could not sustain the momentum and a pullback is likely to happen before KKB continues its uptrend.A doji star at the upper band will likely to trade sideways before resuming its uptrend momentum.Supports can be found at 1.45 and 1.42 levels. A stop loss if 1.37 is violated. Happy trading.
dunknow-Scable Scable is currently trading sideways and supported at the 20MA @ 1.45 level.If it breaks below the support level, the next support can be found at 1.42.A stop loss if 1.38 is violated. Happy trading.
Yongtai is not a growth stock based on its latest financial standing although it has got proposals of a JV for property development on the table. For starters, without going deeper into its financials, it is making an annual loss with alternate years of negative cash flow from operations. So, we can't possibly classify it as a growth stock at the moment.
_______________________________________________ Posted by BursaFollower > Apr 9, 2015 08:56 AM
Appreciate if you can kindly assist in reading on Cmsb-cj? Had bought into this call warrant. In view of long expiry in October, think should have room to move higher if mother share goes up. With Sarawak elections loomimg near and Cmsb is favoured by goverment for projects, Cmsb's price looks set for tremendous appreciation. Just my personal opinion.
Trading Idea - MRCB MRCB: Multiples bullish signals § Share price is expected to reverse its recent drop amid “Bullish Harami Cross”, “Bullish Harami” formations and bullish RSI, MACD and Slow Stochastics on daily and weekly charts as well as improved volume. A decisive break above RM1.28 could see next resistances at RM1.34 and RM1.41, with a long-term objective of RM1.48. § However, failure to maintain above RM1.19 on any pullback will turn overall picture into negative sentiment. Supports are pegged at RM1.25 and RM1.22.
Momentum Idea - L&G L&G: Bottom up § L&G share prices are likely to be sustained by RM2bn sustained income stream and solid balance sheet with net cash per share of 33sen. § The bullish breakout with robust volume coupled with bottoming out oscillators (i.e. RSI, MACD and Slow Stochastics) could spur price higher to 1st key resistance at RM0.55, followed by 200-d SMA at RM0.56 before reaching our LT target price of RM0.59 (LT objective). § Supports are pegged at RM0.50 and RM0.49. Cut loss at RM0.48.
Hi TCB,i have a question to ask on the support level.Hahaha,sorry for many many question...the question is : For example,when the collection range (support level) is for 0.915 ~ 0.925 & stop loss is 0.900,so if it drop to 0.910,does it mean still can collect?or it's showing weaknesses?I am confused in this in many occasion... In the other words,if it's close between support level & stop loss level,what does this mean?
Another question is once it touch the stop loss,even it close back at the support level,what does this mean?shld totally release without second thought even if it close at support level?
Thank you very much for the many emails and made some handsome profits from your sporting Gems. Good to hear you are going for a well deserving holidays. So enjoy bon voyage and smooth sailing back to more spotting gems... hahaha.
Currently attempting a price reversal but is facing stiff resistance at 0.80. It needs to fill the gap resistance at 0.80/0.83 supported with good volume in order to validate the reversal. It is expected to face another strong resistance at 0.89. Immediate support rest at 0.74. Due to the overhang in the stock, you can expect selling activities when the stock attempts to scale higher.
---------------------------------------- Posted by srash > Apr 8, 2015 10:18 AM
Dunknow, ...hahaha.. your questions are always welcome. We will try our best to share our trading experience with you.
Based on your scenario, we need to see if the stock is sold down on high volume. If it is, then the selling pressure has probably not subsided and for collection, you may want to wait a while to see if the support at 0.915 holds. Usually if a support is broken, I would think twice about adding more of the stock. If it closes between the support and our stop loss, it is testing the support level. Needless to say, we also need to confirm the strength or weakness of the stock by cross checking with a range of indicators and by assessing the candlestick pattern.
There is also a chance that the stock price can recover and rebound above the support. That is why we set our stop loss 1 or 2 ticks below the support to allow for this tolerance. Once the stock hits our stop loss, we usually do not think twice in selling off the stock. If not, the trader would still be holding on to it and hoping that it would recover.
Please remember that before you enter into the trade, you have already analyzed the stock and set your stop loss as the absolute maximum tolerable price you will allow to drop before calling it quits. So, no point in holding on to the stock and hoping for a price recovery. Might as well liquidate and move on to another potentially more profitable trade.
If it touches your stop loss and close at the support, you can hold out a bit longer to assess if the support can hold. But if you detect a lot of weakness in the stock, it is best to get out to protect your capital. For very disciplined traders like Matrix, they cut off at their stop loss price without a second thought.
good morning ProfitBro....alamak,i kacau u until early in the morning wor....aiyo,so sorry...and many many thanks...ohh yeah,it's so much of gratitute and generous of TCB for continue sharing....Matrix is a very strict & discipline trader,yet helpful & sharing.....now i have cleasr picture of the price of the gap stop loss & support level.... Happy weekend ya...
Hi Inwest88...yeah,lucky me to have TCB,ProfitBro & other specialist to guide us,with patient & generous with sharing their experience mah...happy weekend to you,inwest88....:D,enjoy ur times w ur loves one
Hi,matrixcool….just want to express my gratitude on your generous sharing…I do see some changing of the e-mail alert since last young bear take place in 2014 & found that it's so effective for inexperience ppls like to,to collect during consolidate & low risk of collection...also,it's another thing to learn where can see matrix keep on adapting to new market strategy...Appreciate most,Matrix!Have a nice weekend...and happy holiday...
Imwest88, so happy to hear from you. Thanks for your kind words. Hope you are in the best of health and making lots of money from bursa and not forgetting enjoying your single malt whisky ...hahaha... Have an enjoyable weekend too.
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 .