"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 .
tsy88, Vs is now consolidating after its bonus issue. Its support at 1.30/1.31 remains intact at the moment but looks weak as it attempted to stay above 1.37 twice but failed. It could come in for a consolidation. If support is broken, it will look to the next levels at 1.27 and 1.15 for support.
It is normal for a stock to trade lower ex bonus. The run up in price prior to this is due to the bonus issue. So, most stocks would settle down first before scaling up again if catalysts are still present. Yes, you are right, even FA stocks go through this.
------------------------------------------------------------------- Posted by tsy88 > Sep 11, 2015 06:18 AM | Report Abuse
Profitman
Good morning. Appreciate if u can give Ta analysis on Vs. Is it the norm for shares when they trade ex bonus or when split to go down? Seen in many instances that even good Fa stocks tend to drift lower !!
Good morning. Million thanks for yr analysis and comments on Vs. Greatly appreciate and noted on the support. Bought at 1.34 today. Probably will pick up.
Kitty28, welcome. TCB belongs to a group of us. Looking forward to your presence here although Chrissyconn, managed by my good friend, Connie, is the hyper active thread ...hehehe... where even I find it tough to follow ...hahaha....
Profitman .. you were right. Luckily saw your analysis. Cleared at 1.34 in the nick of time. Broke 1.27 even and closed at only 1.25 !! Thank you so much !!
OCNCASH is the company manufactures facemask. The principal activities of OCN are in the manufacturing and trading of air-through bonded nonwoven, and thermal bonded nonwoven, which are widely used in the disposable hygienic products industry. It's application include top-sheets, second layer, acquisition distribution layer (ADL), and back-sheet for diapers, sanitary napkins, wet wipes, and surgical apparels including caps, masks, and gowns.
MARKETmaker, yeah, you can monitor OCNCash. I am not sure if the impact on sales will be significantly high to move the stock price into bullish territory, though I may be wrong. Masks are low priced commodity products which needs volume sales and as such, the impact on profits may not be significant given that the haze is a seasonal occurrence.
In any case, OCN has broken down from it uptrend line in August 2015. It is now consolidating with resistance at 0.36 and a support at 0.30. Trading volume is rather low at below 30 MA volume.
Tonight is the night. Not for romance with loved ones ...hehehe... but to see if we can romance the stock market to another level of climax. Yes, time for the Fed to decide whether its go or no go with the hike.
I personally prefer a hike now to get it out of the way. If not, come October or December, we will have to wait in guessing mode all over again. Hiking now will also give the Dow more clarity and certainty. The US economy has recovered albeit slowly with close to full employment. Although the market feels that the probability of a rate hike is very low, the Fed might just spring a surprise to the market.
On the local front, our market had another hefty jump of 35 points by mid day since the announcement of the market support by Valuecap. The euphoria and optimism could wane soon. So, you may want to lock in profits along the way. An egg in the basket is worth 10 outside the basket!
Good morning. Many thanks for your views and comments. Haha .. not the night for romancing but anticipating !!
The much anticipated rate hike was not to be !! Prudent Yellen has left rates unchanged thus the agonising wait has to go on !!
With this latest development, will global markets rally?? It does not seem to have any impact on Dow which reversed upon confirmation of no hike by Yellen. Why is that so? Appreciate if you could shed some light on this.
Thanking you in anticipation and looking forward to your views.
tsy, Dunknow, ariff, jasonor, inwest, connie, duit, westgun, Mazmi and All, Good Morning.
tsy, yeah and the agonizing suspense continues. We may not see a global rally. You see, Yellen's press conference, to me, injected more confusion and uncertainty into the market. That is probably why the market did not react too positively. The uncertainty of a rate hike this year persist and there is also the uncertainty of the impact on the recovery of the US by the economies of China and the Emerging Markets.
Yellen did not discount the possibility of an October do. Her comments on the weakness in the China and Emerging markets does imply that it might impact the recovery of the US. This throws caution to the Fed and it weighs in heavily on their no hike decision last night besides the inflation rate not touching their 2% target, one of their criteria.
But, once they have decided on a hike which means they deemed the US recovery as solid and sustainable, they will set in motion a series of future hikes. If not, they will overheat the economy.
And so, the saga continues and the volatility continues.
The above are my personal views and may not be shared by other analysts.
thank profitbro on the yellen action...I am agreed with u as this is certainly showing wrong signal. .sighhh...another 1 mth of volatile, or mayb further? If yot time, I wanna date this beautiful lady for dinner and brain wash her...kikiki
profitbro, can u please chk for me on texcycle? Thankssssss
Good morning. Thank you so much for your views on the "no rate hike" by Yellen. I do find your views to be so enlightening and knowledgeable. Always looking forward to them !!
Haha, thanks to Yellen also for keeping everybody in suspense !!
Have a fruitful day in this shortened week. Happy trading.
Texcycl: This stock has awoken from its long slumber sleep to be very bullish. It broke out on 8/9 and is now scaling new highs. Immediate support is at 1.00. If it can sustain above 1.00 tomorrow and with good volume, it will be poised to scale higher. If not it could consolidate first before making its next move. It is losing a bit of momentum to scale higher at the moment. Immediate resistance is at 1.08.
tsy, Dunknow, ariff, jasonor, inwest, connie, duit, westgun, cherry and All, Good Evening.
Dunknow, no problem with Texcycl lah. You did not kacau me. ...hehehe... i like reading charts anyway. If you are in this stock, congratulations. It looks very bullish still. You are on a winner.
Good morning. I bought back Vs at 1.36 on Monday seeing that it has bottomed out at 1.23. Hoping it will break recent high of 1.43. In fact yesterday it achieved new high of 1.44. Can you pls let me know the Tp once it breaks new high?
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 .