Posted by cbyeoh > 2015-07-01 08:42 | Report Abuse

HLE - 01/07/15

Momentum Idea - MIECO

Mieco: Upside bias amid bullish breakout
§ Mieco is an established particleboard manufacturer in Malaysia and Asian region with 40 years of experience.
§ At RM0.705, it is trading at 0.53x P/B against its peers such as HEVEA’s 1.21x and EVERGRN 0.79x.
§ Prices closed above the short term resistance trend line from RM0.77 on the back of heavy volume and bullish daily technical oscillators.
§ Short term resistances are RM0.80-0.83 while long term target is RM0.83. Supports are RM0.665—0.675. Cut loss at RM0.65.

Posted by tsy88 > 2015-07-02 06:01 | Report Abuse

Good morning TCB/dunknow

Have a fruitful Thursday. Happy trading !!

Posted by Dunknow > 2015-07-02 07:29 | Report Abuse

Good morning TCB
Good Morning Tsy
Good Morngin forummer

Posted by cbyeoh > 2015-07-02 08:51 | Report Abuse

UOBKH - 02/07/15

Stocks to watch:
1) TA ENTERPRISE; Technical BUY on breakout with +23.8% potential return
*Last: RM0.69 Target: RM0.78, RM0.885 Stop: RM0.655
*Timeframe: 2 weeks to 2 months

2) WAH SEONG CORPORATION; Technical BUY with +28.8% potential return
*Last RM1.43 Target: RM1.71, RM1.88, Stop: RM1.29
*Timeframe: 2 weeks to 2 months

3) KIM HIN INDUSTRY; Technical BUY on breakout with +15.9% potential return
*Last: RM1.89 Target: RM2.09, RM2.19, Stop: RM1.77
*Timeframe: 2 weeks to 2 months

Posted by cbyeoh > 2015-07-02 08:52 | Report Abuse

HLE - 02/07/15

Momentum Idea - GDEX
GDEX: Potential resumption of uptrend
§ Yesterday’s bullish candlestick penetrated the downtrend line, pointing to potential Ascending Triangle pattern breakout on daily chart. Hence, long-term uptrend on weekly chart is expected to resume.
§ Coupled with bullish daily and weekly oscillators, further upsides are targeted at RM1.50 and RM1.63, with a long-term objective of RM1.84. Supports are pegged at RM1.40 and RM1.37. Cut loss below RM1.33.

Posted by ProfitMan > 2015-07-02 11:05 | Report Abuse

tsy, Dunknow and all, Good morning

tsy, yes I agree with you - "buy when others are fearful". I always believe that one can trade in any market situation as long as you trade with discipline with your trading plan and can live with the risk. Then, the trader can also sleep well at night too ...hehehe....

Posted by pvd_investor > 2015-07-02 13:48 | Report Abuse

Dear TCB - Can you share your latest views on SMRT, MYEG and GOODWAY?
Thanks.

Posted by sunflower22 > 2015-07-02 21:25 | Report Abuse

Hi Matrix, profitman and all experts of Tcb,

Many thanks to matrixcool on Penta. Thumbs up !!!

Posted by tsy88 > 2015-07-03 06:03 | Report Abuse

Good morning TCB/dunknow

Have a fruitful Friday before we head for our weekend. Happy trading !!

Posted by tsy88 > 2015-07-03 06:06 | Report Abuse

Profitman

Good morning. Yeah, absolutely agree. So long as we have a trading plan, then need not be fearful. Luckily did some nibbling, haha.

Have a fruitful Friday. Happy trading !!

Posted by Dunknow > 2015-07-03 07:14 | Report Abuse

Giod morning tcb
good morning tsy

have a wonderful weekend ahead ya

Posted by cbyeoh > 2015-07-03 08:54 | Report Abuse

HLE - 03/07/15

Trading Idea - HHGROUP

HHGROUP: Prospect remains buoyant
§ We like the stock as it is expanding its operations which will be targeted to be operational in the 2nd quarter of 2016; benefits from Rmb and USD; experiences higher sales of mattresses and related products prior to Hari Ray; and its bonus issue (ex-date on 10 July 2015) could create some excitement for share price performance in near term.
§ Uptrend continues after taking a breathier. In our view, share price could go higher as we opine that the Symmetrical Triangle pattern is likely to be taken out soon.
§ Bullish reading from oscillators indicated stronger buying momentum. Hence, we are targeting RM0.765 and RM0.785, with a long-term objective of RM0.89. Immediate supports are pegged at RM0.70 and RM0.685. Cut loss below RM0.67.

Posted by cbyeoh > 2015-07-03 08:55 | Report Abuse

UOBKH - 03/07/15

Stocks to watch:
1) JHM CONSOLIDATION; Technical BUY with +33.3% potential upside
*Last: RM0.355 Target: RM0.475, RM0.52 Stop: RM0.295
*Timeframe: 2-weekS to 2-monthS

2) HENG HUAT RESOURCES GROUP; Technical BUY with +19.2% potential return
*Last RM0.715 Target: RM0.83, RM0.87 Stop: RM0.63
*Timeframe: 2-weeks to 2-months

3) HIBISCUS PETROLEUM; Technical BUY with +20.4% potential return
*Last: RM0.785 Target: RM0.865, RM0.945 Stop: RM0.725
*Timeframe: 2-weeks to 2-months

Posted by tsy88 > 2015-07-04 15:33 | Report Abuse

Good afternoon TCB/dunknow

Have a pleasant weekend with loved ones.

Posted by tsy88 > 2015-07-06 06:02 | Report Abuse

Good morning TCB/dunknow

Have a fruitful Monday. Happy trading! !!

Posted by ProfitMan > 2015-07-06 09:29 | Report Abuse

tsy, Dunknow and all, Good Morning.

Greece no vote would instill a lot of fear into the market. The consequence of the vote will now depend on how EU, Greece and its creditors chose to move forward from hereon. The full extent of any fall out may only be clearer later depending on how the Greek situation evolve. To some traders, the sell down could be an opportunity to buy while others may prefer to keep cash and stay sideline. Whatever it is, chose the option that you are comfortable with base on your own risk profile.

Posted by jeremiah1983 > 2015-07-06 21:58 | Report Abuse

Hi tcb. Can u help me comment about Superlon? Can still enter at current price ? Thanks.

Posted by gray > 2015-07-06 23:57 | Report Abuse

Wow 12 hour difference between posts. Market interests gone

Posted by ProfitMan > 2015-07-07 00:04 | Report Abuse

jeremiah1983,

Superlon:
Uptrend is still intact and is now under consolidation. Immediate support is at 1.40. If it breaks its immediate resistance of 1.45, it could resume its uptrend. This stock could be in for more consolidation in the short term. If you wish to trade it now, you may want to stop loss if 1.40 is violated.

Posted by jeremiah1983 > 2015-07-07 00:55 | Report Abuse

Thanks I plan to hold it for long term what's the best support price for it now?

Posted by tsy88 > 2015-07-07 06:57 | Report Abuse

Good morning TCB/dunknow.

Wah, what a day with a "NO" vote from Greeks coupled with Wsj report on funds purportedly banked in to Najib's personal account sent stocks into a tailspin. Could the worst be over? To be seen !!

Have a fruitful Tuesday. Happy trading !!

Hi Profitman .. I chose to look for value in some battered down stocks like Myeg and the like.

Posted by Dunknow > 2015-07-07 07:41 | Report Abuse

Good Morning TCB
Good Morning Tsy

Posted by cbyeoh > 2015-07-07 08:59 | Report Abuse

UOBKH - 07/07/15

Stocks to watch:
1) ASIAMET EDUCATION GROUP; Technical BUY with +22.2% potential return
*Last: RM0.585 Target: RM0.630, RM0.715 Stop: RM0.545
*Timeframe: 2 weeks to 2 months

2) KHEE SAN; Technical BUY with +36.3 potential return
*Last RM0.735 Target: RM0.875 RM0.995 Stop: RM0.685
*Timeframe: 2 weeks to 2 months

3) KUMPULAN PERANGSANG SELANGOR; Technical BUY with +26.3% potential return
*Last: RM1.46 Target: RM1.78, RM1.92, Stop: RM1.38
*Timeframe: 2 weeks to 3 months

Posted by cbyeoh > 2015-07-07 09:00 | Report Abuse

HLE - 07/07/15

Trading Idea - PUNCAK

PUNCAK: Potential triangle breakout
§ Light at the end of the tunnel? Both Federal and Selangor governments had affirmed their commitment to settle negotiations after Hari Raya.
§ Attractive implied dividend yield of 37.5%. Assuming the deal will finally go through and the RM1/share special dividend or RM535m will be distributed, current share prices offers an attractive yield of 37%.
§ Ripe for a triangle breakout. A decisive breakout above RM2.73 (downtrend line) will spur prices to retest RM2.84-3.01 zones. Critical supports are located at RM2.48-2.58 levels. Cut loss at RM2.45.

Posted by jasonor > 2015-07-07 09:09 | Report Abuse

GOOD Morning TCB sifus :)

Posted by ProfitMan > 2015-07-07 09:26 | Report Abuse

tsy, Dunknow, jasonor and all, Good Morning

Surprisingly, Euro and Dow did not perform as bad as many had expected. In fact Dow recovered from its early fall of more than 150 points. This together with the China's supported increase in index, will remove quite a lot of fear from the market for the time being.

Posted by ProfitMan > 2015-07-07 09:32 | Report Abuse

jeremiah, its immediate support is 1.40 with the next support levels at 1.36 and 1.25. These is no one best support price. If the sentiment towards the stock is weakened, even the best support price can be broken. Good luck and hope you have a very profitable trade from this.

Posted by ProfitMan > 2015-07-07 09:59 | Report Abuse

tsy, the market can be volatile. Yeah, trading in battered down good stocks is a good strategy especially when there is a sell down due to fear. I am always on the look out for such stocks. It offers a buying opportunity to move in but as you are also aware, it also comes with certain risk. Then again, as the saying goes, no risk no gain. But as long as we can manage the risk, it still offers an exciting trade. Cheers.

Posted by tsy88 > 2015-07-08 06:07 | Report Abuse

Good morning TCB/dunknow

Wow, from almost 200 pt loss to gain 0f 93.33 for the Dow. What a comeback !!

Have a Fruitful Wednesday. Happy trading.

Posted by tsy88 > 2015-07-08 06:12 | Report Abuse

Profitman

Good morning. What a comeback by the Dow showing resilience.

Think the worst could be over. All the negative news flow should have been factored in. Last minute push up on our index shows support for our KLCI. Have not cleared Myeg yet.

Have a fruitful ?Wednesday. Happy trading.

Posted by Dunknow > 2015-07-08 07:29 | Report Abuse

Good Morning TCB,
Good Morning Tsy...

Yah,what a pull back...really open our eyes big big

Posted by cbyeoh > 2015-07-08 08:51 | Report Abuse

HLE - 08/07/15

Trading Idea - UNISEM

UNISEM: Poised to retest 52-week high of RM2.65
§ HLIB maintains BUY rating on UNISEM with an institutional target price of RM2.82, or 22% upside, in anticipation of a strong 2Q15 results (scheduled to be released end July or early Aug).
§ Hence, Unisem share price is poised to break above the short-term downtrend resistance near RM2.38, and subsequently towards our upside targets at RM2.55-2.65.
§ Key supports are RM2.10-2.23. Cut loss at RM2.09.

Posted by ProfitMan > 2015-07-08 10:44 | Report Abuse

tsy, Dunknow and all, Good morning.

tsy, yeah, its quite a Dow pull back, even more impressive than the previous day. Yes, I would think that a lot of the negative would have been factored in already as issues like Greece has been dragged on too long. US might not be affected so much by Grexit as their exposure is small by their standard and she should be able to cushion any fall out from Europe. Still, volatility in the stock markets will be the order of the day. Stay with your trading plan and you should be fine.

Posted by tsy88 > 2015-07-09 05:46 | Report Abuse

Good morning TCB/dunknow

Wow, Dow down 261. NYSE closed for 3 and half hours due to technical glitch. Hongkong, Shanghai, KLCI markets plummet. What next?

Have a fruitful day ahead. Happy trading !!

Posted by tsy88 > 2015-07-09 05:54 | Report Abuse

Profitman

Good morning. Certainly it is the era of volatility nowadays. Never know what will come next. China now restricting major shareholders from selling for a period of 6 months in effort to stem the drastic decline in equities. Will this help? What next to expect?

Have a fruitful day ahead. Happy trading.

Posted by Dunknow > 2015-07-09 07:35 | Report Abuse

Good Morning TCB
Good morning tsy...

Hi Profitman,thanks for sharing your view....while the Greece,Shanghai & IM?B has been taken into a/c,now i am wondering with the latest sink of Han Seng & latest internal issue,will it cause another DIP?and another thing that worried me is the continue sell of foreign fund

Trading with caution ya,it's fragile...

Posted by r°Moi > 2015-07-09 07:43 | Report Abuse

BLACK SWAN.... RUN RUN RUN


Greece has been around for year... nah


FED has been talking about it for a long while... nah


The destruction of wealth in China... the wealth of middle class Chinese in China... well some may have thought about that...

But.... the suspension of more than half of all those companies listed in China.. likely more to come .... now who would have thought about that... The "If you can't sell what you want you would sell all that you can"... Yes.. This would definitely looks like a BLACK SWAN.....


BLACK SWAN...... KLCI DROP TO 1500?!!


BETTER SELL ALL YOUR OTHERS COUNTERS IN BURSA... SELL ALLLLL......ALL...!!! RUN RUN RUN!!!!

RUN RUN RUN!!!!!



DJ dropped 261 last night as they were worried precisely about this........

Posted by ProfitMan > 2015-07-09 10:43 | Report Abuse

tsy, Dunknow, r°Moi, and all, Good Morning.

tsy, Dunknow, China's scenario is very much similar to what our market here experienced in the 80's when everyone in the office and on the streets were into the stock market. Walk into any retail shop and you will see people staring at the Beriteks (can't even remember the spelling ...hahaha...), one of the source of keeping track of stock price movement with a delayed 15 mins relay, if I remember correctly.

The only difference is that China has a centrally controlled government while ours is not. So, the Chinese government in collaboration with companies and brokerage firms are now trying to manage the stock market. We will see if its effective. The Chinese market has been greatly inflated in my opinion. I am doubtful if this approach is a fruitful approach because there is a limit as to how much and how long they can support the market given the numerous external shocks that are present. Sometimes, allowing market forces to run its course may be a more viable option. Of course, many investors will be badly burnt in the process which is a sad option. Its really a catch 22 situation for the Chinese government.

Our internal issues pose a greater risk to our market as it carries political and economical repercussions. Throw in external shocks and we can have quite a volatile and at times, turbulent market scenario. Foreign selling is now becoming a norm in our market.

However, there will always be trading opportunities. We just need to spot it and trade with discipline.

Posted by connie > 2015-07-09 10:51 | Report Abuse

good morning profitman ... have always enjoyed reading your posting !! u write fabulous english ... so mesmerizing :):)

Posted by ProfitMan > 2015-07-09 11:00 | Report Abuse

Connie my dear, good to see you. ..hahaha... thanks. Just my thoughts only. You always know how to make others happy ...hahaha....

Posted by connie > 2015-07-09 11:04 | Report Abuse

profitman ... your thoughts ??? always makes sense :) the way u write ??? ohhhhh just mind-blowing :):):):) very serious .. no hahahaha !!!

Posted by ProfitMan > 2015-07-09 11:32 | Report Abuse

Thanks Connie. ...hahaha...

Posted by Dunknow > 2015-07-09 19:01 | Report Abuse

Thanks profitbro....ur view is soooooo make sense mah....appreciate ya...tqtq

Posted by tsy88 > 2015-07-10 06:05 | Report Abuse

Good morning TCB/dunknow

Will rebound continue today?

Have a fruitful day ahead. Happy trading !!

Posted by tsy88 > 2015-07-10 06:27 | Report Abuse

Profitman

Good morning. Haha, the super bull run and finally the bubble burst !! Yeah, similar to the China super run this year which finally collapsed. But then Bursa did not have many companies suspended!

Will their measures taken be effective in the long run? Left to be seen. I tend to concur with you!!

I simply love to read your articles on all issues pertaining to trading and the stock markets. You are so well versed and yes, your English is excellent. You give a very vivid description and the manner you present your views is so interesting. SALUTE !!

Have a fruitful day ahead. Happy trading !

Posted by Dunknow > 2015-07-10 07:29 | Report Abuse

Goooooooooood morning TCB
GGGGGGGGoood morning tsy....

Looking forward for continue rebound ya...

Posted by matrixcool > 2015-07-10 08:10 | Report Abuse

Profitman, thanks for the wonderful article.I remember those time wife forget to cook dinner for hubby because too busy on the phone for Stock Tips ! Some "Ah Ma" went to the temple to pray for their stocks to move...

BTW, Catch 22 my all time favorite book beside Douglas Adam "Hitch Hiker To The Galaxy".

Happy Trading !!

Posted by ProfitMan > 2015-07-10 10:29 | Report Abuse

tsy, Dunknow, connie and all, Good morning.

tsy, dunknow, matrix, thanks for those kind words. Humbled by them ...hehehe....

Posted by Dunknow > 2015-07-11 07:29 | Report Abuse

good morning TCB,
good morning tsy

Wishing you a very pleasant weekend ya...
Hahaha,will not shout huatttt arr today,i shout songgg songggggggggggggg arrr...

Posted by ProfitMan > 2015-07-11 13:30 | Report Abuse

Tsy, Dunknow, and all, Good afternoon and we wish all of you an enjoyable weekend.

Most European stock indices gapped up yesterday and the Dow too finished strongly in the green. I suppose everyone is optimistic of a Greek debt resolution. Such an outcome is desirable and the best way forward for all parties. Its a win-win solution. The negative implications of a Grexit is just too great for Europe and Greece to weather in the short term with social, political and economic implications. The Greece referendum could very well have been just be an internal political move to prove the legitimacy of Tsipras as PM that would give him the sole mandate to negotiate the bailout plan and to get it pass in Parliament without much hassle. Irregardless, the positive outcome might turn on the green lights all over our local bourse next week. Lets hope it is so. Cheers to all then.