"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 .
Krono-nanxiril At today's trading some lower liners and sub-indices saw improvements but Krono is trading at a bearish region. Close with a doji at the same opening price of 0.25 since gapping down from 1st June. If you're trading this share, watch for momentum and volume for a technical rebound play.I persume it will trade sideways before closing the gap.Supports can be found at 0.24 and 0.22 levels. Happy trading.
KSL-michael woo Today although some selective counters performed but KLCI failed to sustain and decline for the 3rd consecutive session.KSL touch 1.92 and retrace back to close at 1.86 sitting at 20MA.Watch for tomorrow's momentum and broad market sentiment as construction overall had decline to -0.03%.KSL may drift sideways if it could not break above 1.92 level. In this case, further support is anticipated at 1.82, where traders can exit if 1.76 is breach.If broad market is bullish, KSL may test today's high at 1.92 and move towards the next resistance of 1.97 and 2.04. Happy trading.
KNM formed a bullish engulfing candle on 2/6 on high volume. Immediate support = 0.53 while immediate resistance is at 0.59/0.60. If it breaks 0.63, it will become bullish. You will want to stop loss if 0.52 is broken down.
------------------------------------------------------------------- Posted by skyu > Jun 2, 2015 08:56 AM
Morning to all Code Breaker contributors. any interesting technical breaking analysis recently ?
But really I cannot claim all the credits. Some of the stocks you mentioned are from TCB SIF, TCB works as a team under the good leadership of profitMan.
Abric, Evergreen, Geshen they were highlighted to me by profitman, Sunlight and yoda88.
Uzma - MMSVS – Reaffirmed Growth Driver Author: PublicInvest | Publish date: Fri, 5 Jun 2015, 09:40 AM
We had the privilege to visit Uzma's wholly-owned subsidiary, MMSVS in Phitsanulok, Thailand recently, hosted by Dato' Kamarul (CEO and Managing Director), Dale Tupper (Vice President of MMSVS), Dennis Saw INVESTOR RELATIONS) and the MMSVS team with positive feedback from both investors and various analysts. Phitsanulok is one of the 2 locations where MMSVS' operations are located about 400km North of Bangkok. The other operation is located in Songkla, housing a fabrication yard where new modules are designed and built. Our takeaway from the visit includes in-depth knowledge of the hydraulic workover (HW) techniques, which reiterates our Outperform recommendation on Uzma with a TP of RM2.98 premised on a 15x PE multiple to our FY16F EPS of 19.9sen, as MMSVS will be a strong growth driver going forward.
Our visit. We were able to embark on a 340,000 lbs pulling capacity of a hydraulic workover unit (HWU) at the site, as it was undergoing its testing phase before delivery to its new contract at the end of this month. The operation was demonstrated by Dale himself, who has been involved in the O&G industry for over 27 years. An expert driller, Dale walked us through the entire PROCESS of operating a HWU.
MMSVS. The Group currently has 9 HWUs leased out on both short-term and long-term contracts, with 1 used for training. Another unit will be leased to Malaysia this year, to boost leasing rates from our understanding. All contracts are typically on a 2-year long-term contract. In its fleet, they also have a non-hydraulic unit that is the truck mounted workover rig.
MMSVS integration. Having acquired MMSVS, Uzma has restructured the company to enhance its contribution, with exercises such as downsizing 17% of its staff coupled with re-deploying its ASSETS to receive better contract and pricing terms. Capex of RM54m has been allocated to upgrade ancillary equipment, with a 2-year target to command rates like its international peers.
Expanding to Asia. Rates in Thailand are currently low from standards that have been set by larger operators. Uzma however will be addressing and implementing a new strategy which does not emphasize on price competition, but rather through enhancement of its services to provide solutions which would reflect cost savings.
johnny cash, we have not heard of any negative news on IFCAMSC. Although on paper, its reports still looks good financially, once investors have lost confidence in a stock, it can be sold down like no tomorrow. On the same score, there are also many good FA stocks that just do not move up. There may be undercurrents in Ifcamsc that we may not be aware of but it is best not to speculate without any evidence as we simply do not know.
Ifcamsc is bearish. Its strong support at 1.31 has been broken down and today it broke down further from its psychological support of 1.00. The selling momentum is still strong. Trending down, its tp of 1.01/1.00 has been broken and the next tp is 0.80.
Stocks like Ifcamsc reminds us why its very risky to average down and it also emphasizes the importance of cutting loss early without any fear. We hope most of our readers are not caught in this whole Ifcamsc affair.
belkg, no one can really predict a market crash. In the past, there have been many predictions about the market which have yet to come true and in some instances proven wrong too. Irregardless, as long as we trade with a plan, we will not be badly hit. Most importantly, we need to trade within our comfort zone. If we do not feel comfortable with the market, we can always take a back seat and have more in cash than in equities.
hengeh, please note that we do not advise on trading decisions.
SGB appears to be building a strong base at 0.665 but we cannot be conclusive about it. If you are riding on profits, you need to set your trailing stop so that you do not turn a winning trade into a losing one. It has an immediate support at 0.625 and then strong support at 0.59/0.595. Congratulations on your winning stock especially during a weak market.
There are always winning stocks to trade even in a weak market and we just need to look for them.
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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 .