"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 .
Yeah, ll indicators pointing to the upside for markets this week apart from Germany's firm stance on a temporary Grexit. However, the Grexit or time out as they put forth cannot be ruled out as the leaders are deliberating on the issue now with lack of trust on their minds and demanding more austerity measures.
NAIM: Poised to test RM1.00-1.13 zones § Naim is a good proxy to Sarawak’s buoyant economy and Sarawak election play (due by mid June 2016), backed by massive infrastructure spending (such as the RM27bn Pan-Borneo Highway) and investments in the oil and gas and heavy industrial sectors under the SCORE. § Valuations are undemanding at forward 7.6x FY15 P/E (Bloomberg consensus) and trading at 57% discount to its Mar 2015 BVPS of RM5.09. Based on Dayang’s share price of RM2.16, Naim's 29% associate stake of RM549m already accounted for 100% of Naim’s marketcap of RM548m, implying that the market is valuing its core property and construction businesses for free! § Ripe for a relief rally towards RM2.30-2.48 with LT objective at RM2.69.. Cut loss at RM1.98.
Good morning. Sorry, just saw your message. Our market is rather unpredictable lately with too many issues. Dare not recommend you on stocks to buy due to the volatility. Apologies !
INARI: Poised to rewrite all time high amid “Flag” breakout · INARI is on a multi-year expansion driven by strong radio frequency (RF) demand on the back of rising 4G network adoption and exponential mobile data growth. · The stock is poised to rewrite its 52-week high of RM3.58 following ripe for further relief rally amid the “Flag” breakout. · Medium to long term upside targets are RM3.80-3.90 zones. Cut loss at RM3.16.
(KUALA LUMPUR) "Nanyang Siang Pau" ascertain, Perwaja Holdings (PERWAJA, 5146, board of industrial products stocks) will work with China Zhiyuan Investment Group, the day after tomorrow (the 15th) signed a new memorandum of cooperation.
Perwaja Holdings predicament deeply in debt, to find a helping hand extended Zhiyuan Investment Group signed a memorandum of understanding at the beginning of May, in the 18 months to inject 300 million ringgit, divided into 3 phases will Terengganu Kemaman plant, transformed into stainless steel plant.
It is understood that the two sides will sign a new memorandum of cooperation in the day after tomorrow, and will be at the signing ceremony, announced further details and progress of the cooperation.
According to previous memorandum and lease, Zhiyuan will in the first phase, inject 100 million ringgit leased part of the land in Perwaja Terengganu Kemaman plant to build a new assembly plant and machinery for the production of raw materials use.
Restart Camarines factory production line
The second stage, creditors will seek Perwaja Holdings, regulatory unit, with the approval of Bursa Malaysia and the Bank of the parties, to take over the transformation and restart Camarines plant production line, then Zhiyuan Group a further injection of an additional 200 million ringgit for the production of 400,000 tons of stainless steel plate and bad.
If all goes well above the third phase of plant development malpractices related to stainless steel production plant, annual production of about 800,000 tons.
Trading Idea - OKA OKA: Poised to test RM0.90-0.97 zones after bullish breakout · We like OKA as the group (being one of the largest precast concrete players in Malaysia) is likely to benefit from rising infrastructure developments in Malaysia from the 11th Malaysia Plan. · Technically, the stock is poised to test RM0.90-0.97 following a bullish breakout, supported by positive indicators, Cut loss at RM0.78. · Valuation is undemanding at 8.3x FY16E P/E, still below the stock’s 10-year average P/E of 11x and supported by a decent yield of 5.9%.
With the resolution of the Greek saga and the Iran nuclear deal, at least there are some positive news on the international front. Domestically, we are still dogged by internal issues.
The Greek bailout resolution was not unexpected as the fallout from its failure is serious enough for all negotiating parties to act responsibly. The cost cutting measures in the bailout will not be enough to pull Greece out of the doldrums. She needs to look at ways to spur her economy and that requires medium to long term planning although privatization was included in the bailout package. Lets hope she recovers economically if not the Greece ordeal will come back to haunt us in the future.
With most of the key issues lifted, we can expect a corresponding uplift of fear from our market too. We can expect a greener pasture in our KLSE although many are still wary of the 1MDB issue. But with positive corporate results and projects, there will be stocks to watch out for and there will be stocks to punt.
Berakhir sudah ibadah puasa Kini Syawal berkunjung tiba Bulan mulia membawa bahagia Mengikat kasih sesama saudara Ampun dan maaf ikhlas dipinta Semoga diberkati semua usaha Maaf Zahir dan Batin
Selamat Hari Raya Bro & Sis Happy Holiday & travel safely ya .....
LONBISC: Poised to break 52-week high resistance of RM0925 after bullish breakout · We like LONBISC (Trading Idea) as the group (beung the largest largest domestic manufacturer of assorted wafers and confectioneries) would stay resilient and defensive despite the challenging market environment. · At RM0.84, LONBISC is trading at undemanding 9.8x FY15 P/E (36% lower than its peers) and 0.4x P/B (78% lower). · Given the heavy volume of 2.06m on 16 Jul, a bullish symmetrical breakout and bottoming up indicators, LONBISC share prices are likely to break 52-week high resistnace of RM0.925 and trend higher to our long term symmetrical breakout objective of RM1.02. Supports are RM0.80 and RM0.77. Cut loss below RM0.76.
SALCON: Multiple buy signals § We expect share price to fill the gap of RM0.805, RM0.845, and RM0.875 as Bullish Engulfing candlestick pattern emerged near 61.8% FR zone indicated reversal signal. § Supports at RM0.77 and RM0.755. Cut loss at RM0.74.
Good morning. Would like to seek your advice on our KLCI and our market direction. What are your views pertaining to this? Some are bearish while others are optimistic !!
tsy88, Sorry for this late reply. Have been out of action due to a very bad throat infection. Yes, the durian season could be the culprit ...hahaha...
I am not in a position to offer any advice on our KLCI but I don't mind sharing my views. I would expect KLCI to trend sideways. Unless there is a major adverse event that impacts our economy fundamentally, I don't expect KLCI to spiral down into another bearish mode. On the flipside, there is also limited upsides to the KLCI.
External factors will continue to weigh in on our market's sentiment. The weak corporate US earnings has already put a damper in our market but then again, some stocks are in overbought position as well.
But if we look deeper beyond index linked stocks, I believe we can still find tradeable stocks. We are now in the corporate results season and companies with positive results will be an attraction. There have been suggestions of theme play stocks like water stocks and export related stocks. These would continue to be in play.
In export related stocks, we need to also bear in mind that these companies are also dependent on the economies of the countries that they export to. They may gain on the one hand on our weaker Ringgit, they may also lose on a weaker demand in the importing country. These are just factors to ponder upon when trading into these stocks.
------------------------------------------------------------------------ Posted by tsy88 > Jul 22, 2015 06:38 AM | Report Abuse
Profitman
Good morning. Would like to seek your advice on our KLCI and our market direction. What are your views pertaining to this? Some are bearish while others are optimistic !!
Duit, I have fallen sick. I am only recovering now from a severe throat infection. Take it easy bro. Don't vomit blood ...hahaha... nice people like you should be enjoying life and collecting money from the stock market.
Ohh no... Not a good news for ProfitGang when ProfitBro jatuh sakit. U wan Indian God Oil to massage ur throat or not? Or U wan to drink best Mamak Honey Lemon to kill ur virus/gen/bacteria???????
Wishing you and all TCB members and all readers healthy n tip top condition forever!!!!!!!!!!!
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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 .