"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 .
It is breaking out from its triple bottom pattern when it broke its 1.30 resistance which has bullish implications. Immediate support is now at 1.30 and further support can be expected at 1.25. The resistance levels are at 1.35 and 1.43. A successful breakout will carry a final TP of 1.61. Just to reinforce what I have been advocating previously, for long term investment, do check out its FA.
No one can predict if its TP will be achieved and when but do set your trailing stop if you are a short to mid-term trader and for long term investment, you will need to review and monitor your long term TP at regular intervals based on its latest FA.
Yes, taking your total cost divided by the total share will yield your average cost..
michaelwoo, just to add on to sunlight's input on fibo. I don't think traders who use the 4 stage cycle rely on fibo. Fibo is more extensively used in wave reading as you are aware.
In Fibo retracements and extension, identifying the swing low, swing high and retracement swing high/low is important. It would be best that you check for any fibo tutorials online to learn more about them as it will give you a more detailed understanding on the subject. Do bear in mind that we do not use fibo independently but rather in conjunction with other indicators.
------------------------------------------------- Posted by michaelwoo > Apr 13, 2015 09:00 AM
Hi Sunlight. Thanks for your input on Fibonacci TA reading. Anymore input on the issue on Fibonacci Retracement and Extension like how to draw on the charts is much appreciated.
EG - It provides electronic manufacturing services and SMT/Printed Circuit Board Assembly (PCBA) for products such as hard disk drive, bluetooth headset, car navigator, and many others electronics products, and capable for box assembly of telecommunications products like Dect phone, wireless connectivity products like Bluetooth headsets, and Personal Digital Assistant (PDA) / Smart phone. EG - PE 3,48, NTA 1.73, trading at discount 0.865. Happy Trading.
Trading Idea - YTLPOWER YTLPOWER: Grab the “u turn” § Share price is expected to test RM1.65 in short term as amid “Tweezers Bottom” pattern and bullish oscillators. Resistances are situated at RM1.59 and RM1.65. Breaching above RM1.65 (critical resistance) could drive share price higher towards RM1.75. Immediate supports at RM1.50 and RM1.47 with cut loss below RM1.44
Momentum Idea - ASTINO ASTINO: Double-bottom signals further advance § ASTINO is involved in manufacturing and selling of metal roof sheets, polyvinyl chloride (PVC) panel, Polyvinyl chloride (PVC) products and Agrohouse multi-system § At RM0.765, ASTINO is trading at 7.2x FY14 P/E, and 26% below its BVPS of RM1.03. Despite more superior average FY11-14 net profit margin of 6.5% (AJIYA: 5.3%) and dividend yield of 4.0% (AJIYA: 1.4%), ASTINO is still trading at 12% discount to its closest peer, AJIYA’s P/E of 8.2x. § As technicals are on the mend coupled with the double bottom formation and rising volume, the rebound could continue. A decisive breakout above immediate resistance of RM0.785 (2 Apr high) will lift prices higher towards RM0.83 (61.8% FR) and our LT price objective of RM0.87 (or 76.4% FR). Cut loss below RM0.695
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.
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.
Bullish after breaking out on 23/3 when it took out the 0.39 key resistance. It broke out from its pennant on 13/4. Immediate support is at 0.475 and if broken, strong support at 0.44 awaits it. If it breaks its psychological resistance of 0.50, it will be setting new highs. The presence of a bearish price/rsi divergence suggest a possibility of the stock going into a consolidation phase.
-------------------------------------------- Posted by sherrina > Apr 14, 2015 09:53 AM
Hi Dear TCB, Please advise on awc? Happy trading ....
TCB, tq very much for your analysis. You are very kind and generous to share you knowledge. I am curious why so many people ask for your analysis and don't bother to learn learn themselves? Why? why?
Thanks for reading on Ifcamsc and its Wa. Appreciated ! Ifcamsc has broken its high of 1.35. What would be the Tp now that she is into unchartered territory? Noted on the support given.
Momentum Idea - KOMARK KOMARK: Double-bottom signals further advance KOMARK is principally engaged in manufacturing of self-adhesive labels and stickers and trading of related products. About 70% of its products are exported to China , Thailand , Indonesia , Philippines , Singapore , Sri Lanka and India . As technicals are on the mend coupled with the double bottom formation and rising volume, more upside is possible. A decisive breakout above immediate resistance of RM0.615 (weekly upper Bollinger band) will lift prices higher towards RM0.65 (76.4% FR) and our LT price objective of RM0.68. Supports are near RM0.575 (20-d SMA) and RM0.545(200-d SMA). Cut loss at RM0.53.
Impulse Trading - YGL YGL: Technical rebound expected following 8 black candlesticks YGL’s share price is likely to stage a strong technical rebound to widen its daily Bollinger band this week following 8 black candlesticks on weekly chart. Reading from daily and oscillators showed that buying momentum is picking up pace in immediate term. Hence, we are looking at target prices of RM0.33, RM0.345 and RM0.365. Support at RM0.295 with cut loss below RM0.285.
SumuaOk, thanks for your kind comments. We do encourage traders to pick up on TA and hopefully by sharing our information, we can encourage others to learn and trade with TA or even FA and in the process exchange trading experiences and info here.
What is your opinion on Krono? Has it broken it's resistance line? What's stopping it from going above 0.400? Profit taking? Can you provide DMS reading on Krono? I would like to compare with my reading. I into DMS.
Underwent a technical rebound. It is facing stiff resistance at 99. If it breaks its resistance at 100 with volume, it will have broken out of its downtrend line successfully. It has strong support at 96. It is losing momentum and may go into sideways consolidation.
2)SINOPEC CORP (2386):
Down trending. It has broken down from its support level at 7.8. immediate support is at 6.84 while immediate resistance is at 7.12. If the selling persist, its next TP is 6.46.
Hope that helps. Duit, you not only make money from KLSE but also from HKSE ...hahaha.... Great stuff, bro. Respect you. You are an international trader ...hahaha....
Thank you very much Profitman for your valuable time of stock reading.
bro... not me! In fact I should follow my associate to open position at HangSeng counter last two weeks before the hot fund flow in from mainland but I did not. Very clear with your explanation with the specified price target.
Once again, BIG thanks to you and all TCB members.
Dear Imoogi99 in reading,
I am not an expert as per quoted by you. I am just an ordinary hardworking person who is willing to put more effort in analysis. Because the capital involve in above mentioned counters are very huge, and to avoid personal BIAS I must seek for third party view to keep my risk management as efficient as possible. Sinopec and Hutchison some how are component counter under Hangseng and I am wondering whether they are counter direction with HangSeng index in short term. Hence, I must seek for third party view before my further judgement.
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 .