Posted by pathew > 2014-06-18 10:17 | Report Abuse

KPSCB just shoot up... I see this one got good potential to break out somemore. currently at resistance of 53.5 and next resistance is at 55.5 sen. I target 57 - 59sen :)

Posted by ProfitMan > 2014-06-18 10:43 | Report Abuse

pathew - KUB:

To me, i see it more as an ascending triangle with 3 failed attempt to break out of its strong resistance at 0.545. I agree with your assessment. If break out will test 0.565. Momentum has picked up and possibly some accumulation taking place. Will be bullish if strong resistance is overcome with volume.

Posted by Lz Lee Weiping > 2014-06-18 10:59 | Report Abuse

KPSCB
-double tops formation on 27/03/2014 and 21/04/2014, with a resistance level of 0.59 and support level of 0.535.
-the support level on 0.535 is broken on 26/05/2014 and it has a significant decrease of 6.5% or 0.035 to 0.5, which is the current support level.
-resistance level are 0.55 and 0.59.
-failure to break at 0.59 will cause the formation of triple tops which is bearish in nature.

Posted by ProfitMan > 2014-06-18 12:49 | Report Abuse

pathew - Penta:

Usually, its difficult to comment on an open candle because the candle will evolve as the day's trades progress, so can't judge that it is forming a spinning top. The uptrend is still intact and is subjected to profit taking today as is normal for shares trending new highs.

Its support levels are at 0.345 and 0.31 while testing to break its major resistance of 0.38 convincingly. I would expect it to consolidate before
scaling new highs.

Posted by pathew > 2014-06-18 13:02 | Report Abuse

Thanks Profit Man, Wei ping for the inputs!

ABRIC
Seems like a very strong uptrend. anyone can explain with TA what's happening? I only know momentum is strong and it seems like it will push upwards somemore. Immediate support at 54sen and current resistance 56.5sen.

Feel like buying some at this range.

Posted by tsy88 > 2014-06-18 13:02 | Report Abuse

Hi. Sunlight. Yeah. Fully agree. No matter what, we have 2 adhere 2 our trading strategy n be DISCIPLINED.If not, consequences can be disastrous!!!!! I know what u mean. Tks.

Posted by tsy88 > 2014-06-18 13:43 | Report Abuse

Dear TCB - Pelikan this morning surged 2 new high. Can its momentum continue going forward n does this trigger a buy signal? Looks very steady whole morning.M contemplating going in at this level. Appreciate yr TA analysis. Thanks.

Posted by ProfitMan > 2014-06-18 13:50 | Report Abuse

pathew - KPSCB:

I concur with Lz Lee Weiping on its pattern formation and its trend. It does has the potential for more upside. For starters, it has broken out of its consolidation resistance line of 0.51/0.52 on increased volume and is now testing the 0.535 resistance. It will have strong support at 0.50. Subsequent resistance levels are at 0.56 and 0.59. There is a price/RSI bullish divergence. If bullish momentum is sustained, its TP1 is 0.58, TP2 = 0.60 and TP3 = 0.66. If it turns bearish, it will test its supports levels at 0.50, 0.485 and 0.435. You may want to set a stop loss at 0.49.

Posted by ProfitMan > 2014-06-18 14:04 | Report Abuse

Lz Lee Weiping - KPSCB: Failure to break 0.59 may not necessarily cause the formation of a triple top. We can interpret the chart based on what has happened but we cannot predict how the pattern will pan out because the market, by nature, is unpredictable.

Posted by pathew > 2014-06-18 15:13 | Report Abuse

Inari - break out from 291 (all time high) with volume :)
What's the next TP? should be well supported at 285 range

Posted by Alexofb2b > 2014-06-18 15:15 | Report Abuse

Inari, next TP is near 3.3000000 lor

Posted by Lz Lee Weiping > 2014-06-18 18:16 | Report Abuse

Here's some stocks that I'm looking at, hope you guys can give some opinion on this.

DESTINI:
-descending triangle, broken it's resistance 0.675 today with volume with a high of 0.725
-supports levels are 0.705, 0.675 and 0.645
-using fibonacci extension the TP will be 0.77/0.78 and 0.805
-MACD and stochastic shows bullish nature.

SONA:
-weekly chart shows double tops formation with a high of 0.62 and with a low of 0.475
-broken support level of 0.515
-has a resistance of 0.535, 0.555, 0.62
-support level of 0.5 and 0.485

ABRIC:
-hammer formation on 17/06/2014 with high volume (higher than the Volume MA), which indicates that the bulls are strengthening.
-broken it's previous high of 0.565
-supports level are 0.525 and 0.45
-TP are 0.625 and 0.665

Posted by matrixcool > 2014-06-18 22:33 | Report Abuse

18/06/14

Mitra--I have cleared all my Mitra to lock in my profits because it could not break above its previous high of $0.935.

KNM-—Trading in uptrend channel with Range $0.79 to $0.865 (Higher Low and Higher High and these values keep moving higher). Formed an Engulfing Bull yesterday, but today closed at $0.835 which is indecisive whether it is the last engulfing top.Will clear if cant break above $0.845 soon.

I am monitoring:

PRLEXUS—Buy on weakness or if it breaks above $1.82 as next estimated target is at $1.90.

SEAL--Immediate support is at $0.96, if break $1.00 may try previous high of $1.05 and beyond.

Happy Trading..

Posted by Lz Lee Weiping > 2014-06-18 23:28 | Report Abuse

for the stock DESTINI it should be ascending triangle not descending triangle type. sorry for the error.

Posted by yoda88 > 2014-06-19 00:03 | Report Abuse

tsy88-Pelikan
After closing a high of 1.47 on the 20th May it was consolidating and today manage to scale above its consolidation line and if accompany with volume it might try to breakout frm the bollinger band at 1.59 level to a new resistance of 1.71 and 1.83.RSI,%K and Psar are showing positive signals.However failure to break the bollinger band it will trade sideways.

Supports can be found at 1.53 and 1.46.
A stop loss below at 1.32 level.
Happy trading.

Posted by ProfitMan > 2014-06-19 01:18 | Report Abuse

pathew - Abric:

It is still bullish. However, the black marubozu of 18/6 is indicative of a potential consolidation which would be healthy for a share that has been trending new highs. There is actually a price/RSI divergence indicative of a slowing momentum increasing the likelihood of a consolidation. The immediate resistance is now at 0.58. Immediate support is at 0.525 and should have strong support at 0.47/0.48. The next TP beyond 0.58 is 0.65.

If you are considering entry into this stock, I would suggest you monitor the candle formation on 19/6 for a better indication on the direction of the stock in the short term.

Posted by ProfitMan > 2014-06-19 01:40 | Report Abuse

Lz Lee Weiping - Sona:

Yes, you are right on its formation. However, it is important to note that for the double top trend reversal to be complete, it needs to break 0.475, the lowest price in the formation, with volume which has not occurred yet. So, the 0.475 support level is a critical support level. For traders of this stock, you may want to set your stop loss at around 0.465 depending on your entry price, risk profile and trading strategy.

At the moment, there is no catalyst for the share to trend higher even though it has secured a QA (qualifying asset) as the market has viewed this acquisition negatively.

Posted by tsy88 > 2014-06-19 07:19 | Report Abuse

Yoda88- Tq so much. I cudnt wait 4 yr reply. Had entered at price of 1.55 in the afternoon. Hopefully it breaches the bollinger band of 1.59.

Posted by tsy88 > 2014-06-19 07:26 | Report Abuse

Matrixcool - Re Prlexus. Yesterday's closing was it's high. Hopefully it can breach 1.82 n achieve TP of 1.90 in the immediate term.

Posted by lottolearn > 2014-06-19 07:29 | Report Abuse

Dear TCB..

My friends ask me to read posting in your group..

Thanks

Posted by inwest88 > 2014-06-19 07:53 | Report Abuse

Matrixcool / Profitman - enjoying the WC football matches ?

Posted by tsy88 > 2014-06-19 08:08 | Report Abuse

Dear TCB- Had enquired on Asb. To-date 2 receive yr reply.Wud appreciate if u can help 2 analyse on this stk. Pls refer 2 page 15. Tq.

Posted by tsy88 > 2014-06-19 08:28 | Report Abuse

Re- Asb. Missed out. "yet"

Posted by ProfitMan > 2014-06-19 09:26 | Report Abuse

imwest88 - good to hear from you. Am trying to enjoy them live but the timing is a bit demanding to say the least. So, its like watching 1st half of the 12am game and then catch the 2nd half of the 6pm game. Hope you are enjoying them well.

Posted by ProfitMan > 2014-06-19 09:39 | Report Abuse

lottolearn - thank you for dropping by. We share TA readings here as you would have discovered by now as we do encourage newbies to trade with a plan. However, it is important to note too that TA is just a guide and not a holy grail to money making tradings because no one can predict the market. We do welcome any contribution from you, TA wise or FA or any information at all as we believe in learning from each other.

Posted by ProfitMan > 2014-06-19 09:50 | Report Abuse

tsy88 - sorry, we probably missed it. Most of us here, voluntarily post comments during our down time as we are also working people just like everyone else, so, we can miss some request here and there and there can also be a delay in response at times although we try to respond to every request soonest possible. We hope you understand. In any case, Yoda will do the ASB reading.

Posted by cherry tomato > 2014-06-19 10:05 | Report Abuse

Please TCB please look Pantech please

Posted by inwest88 > 2014-06-19 10:18 | Report Abuse

ProfitMan - used to watch 100% matches during younger days but now only on a selective basis. The long season must have taken a toll on the Spanish players (most players from Real Madrid and Barcelona). And following the humiliating defeat to Holland, the players were all and demotivated and demoralized and obviously not in the right frame of mind to face Chile. The first defending champion to lost the first 2 matches in the subsequent WC. A lot of soul searching needs to be done and I reckon a lot of players have to make way for the younger ones.

Posted by ProfitMan > 2014-06-19 12:03 | Report Abuse

inwest88 - you are right. Those 2 teams have played a lot of games. Also time for a new coach to inject some freshness into the team. Chile is a good team and is one of the dark horse in the tournament.

Posted by tsy88 > 2014-06-19 12:39 | Report Abuse

Profitman - It's ok. Can understand the hectic shedule u guys are facing. Take yr time. Regards.

Posted by yoda88 > 2014-06-19 13:13 | Report Abuse

tsy88-ASB..sorry tsy88 due to busy with our work we would haf missed out certain readings,pls bear with us yea..tks.

ASB manage to scale upwards after the descending triangle end up with a doji on the 5th June with an increased in volume.It manage to stay for only one day and drop back immediately after the shooting star the next day n traded side ways.Currently its trading in an ascending triangle n nicely staying above the middle range of bolinger band.Should the 0.26 resistance level be broken,the next level will be 0.265 and 0.29.Take into consideration that ASB has risen frm a low of 0.15 quite recently that is on the 15th May.

However, a failure to stay above 0.24, the next support will be 0.23.
The downside risk will increase if the stop-loss of 0.22 is triggered.
Happy trading.

Posted by shukriechek > 2014-06-19 13:35 | Report Abuse

Dear TCB.Need your advice on Bahvest and Sycal.

Posted by lottolearn > 2014-06-19 13:46 | Report Abuse

ProfitMan --Thanks I am still reading the old posts in TCB..

Goosh..How i wish to know TCb earlier..

Made so many mistakes.

Thanks

Posted by sunshine96 > 2014-06-19 14:00 | Report Abuse

Dear TCB, please comment on Supermx. Thank You.

Posted by Lz Lee Weiping > 2014-06-19 14:58 | Report Abuse

BAHVEST
- bearish
- formation of rising wedges on weekly chart in mid of May 2013 until early of October.
- breakout during early of october
- support levels are 0.95, 0.93 and 0.845
- resistance level are 1.05, 1.09
- stop loss at 0.845

Posted by sunlight > 2014-06-19 14:58 | Report Abuse

Hi Shukriechek,
I have given a posting on Sycal on 16/06 to Sunshine96 following Profitman's as follows:

SYCAL:
on 06/06 posted by ProfitMan
Bullish and under consolidation at the moment. Can expect it to trade sideways in the very short term on reduced volume. However, its overall uptrend should remain intact.

Immediate support = 0.38 ; S2 = 0.345
Immediate resistance = 0.40 ; R2 = 0.425

closing 16/06:
It is still on uptrend but under consolidation with sideway movement between $0.38 to $0.43. Broke the $0.40 resistance on 10/06 but due to lack of volume, it pulled back to $0.405 on 13/06 ($0.40 old resistance become a new immediate support) forming an inverted hammer indicating potential bullish reversal. The main support is at $0.38.
Today the volume has picked up (abt 2.5mil) but still below 30days MA vol. Currently looks like still consolidating between the 2 price range. If it breaks the $0.43 resistance with volume, it will try to move to the next resistance of $0.455.

19/06:
After forming the inverted hammer on 13/06, there price has gone up the next 2 days and broke the R$0.43 yesterday, closing at $0.435. However, a doji is formed yesterday which can mean a potential price reversal. If the price closes below $0.43 with volume today, it may resume its sideway movement and moves to the next immediate support of $0.40.

Happy trading.

Posted by sunshine96 > 2014-06-19 15:28 | Report Abuse

Dear TCB, please help to analyze Big. Thank You.

Posted by pathew > 2014-06-19 17:27 | Report Abuse

KUB break out of 54.5 convincingly with volume and it's now at the next resistance level of 56.5. Looks like it broke out of the ascending triangle. Should see more upside :)

Posted by pathew > 2014-06-19 17:39 | Report Abuse

@profitman, ABRIC formed 2 black candles, so still need to wait to see a doji and a reversal after that before considering to enter?

kpscb still at resistance of 53.5, i'm waiting for volume to take this out :)

btw, how do you read the Price/RSI divergence thingy?

Posted by optimusx8888 > 2014-06-19 17:53 | Report Abuse

ASB, my rojak reading says it will fly once 26c take out again for the 2nd time.
first target 31c, 2nd target 50c.

buy sell your own risk. i use rojak analysis.

Posted by FAST_5 > 2014-06-19 17:59 | Report Abuse

Hi TCB,

For today's LBALUM, can we consider today's candle as dark cloud which will start a possible downtrend. Whats your opinion.

Thanks

Posted by tsy88 > 2014-06-19 18:44 | Report Abuse

Yoda88- Tq so much 4 yr detailed analysis n advice on Asb. Noted n appreciated. Dont hv 2 apologise. It's so nice 2 b able 2 obtain such a comprehensive analysis based on TA frm this thread. With so much effort put in n without even charging a single cent, that is remarkable indeed. Others would hv charged n fee isnt cheap 2 say the least. Once again, I want 2 extend my heartfelt thanks n gratitude 2 u all 4 offering voluntary service in this thread. Well done!

I wl as usual be continuously asking n asking.......

Regards.

Posted by shukriechek > 2014-06-19 18:59 | Report Abuse

tq sunlight n Lz Lee Weiping.Noted.

Posted by ProfitMan > 2014-06-19 20:05 | Report Abuse

pathew -

Abric: It formed another black marubozu today (19/6) but on much reduced volume, in fact way below 30MA volume. There could still be a lot of traders waiting on the sideline to see how the price will play out tomorrow. In such instances, you may want to monitor closely to see whether the 0.525 support would hold for if the support is broken, there could be some panic selling by short term traders and the price could be driven lower. When to enter would depend on your trading strategy and risk profile. Some may wait for reversal while others may want to buy in during the low volume consolidation phase.

KPSCB: You are right. Lack of volume to take it out.

The divergence is a comparison of the price movement versus the RSI movement. If they do not move in synchrony, then they are deemed to be divergent.

Posted by stay_foolish > 2014-06-19 21:33 | Report Abuse

sunshine96

BIG

Stage 3 - Distribution stage. Need to stay above 0.865 to trend reversal. It is expected to trade between 0.74 and 0.865. Scale in more if break 0.865. Support 1 is 0.74. Cut loss if the strong support 0.67 is broken.

Posted by yoda88 > 2014-06-19 21:33 | Report Abuse

tsy88-ASB..

Sorry made some mistakes in reading the technical part of it. ASB is range trading inside a pennant and there was a false breakout on the 9th of June. Currently the 20MA of the middle band is acting as the strong support and must accompany with volume for ASB to breakout of the range bound trades.

If 0.26 resistance level is broken,the next level will be 0.265 and 0.29.Take into consideration that ASB has risen frm a low of 0.15 quite recently that is on the 15th May.

However, a failure to stay above 0.24, the next support will be 0.23.
The downside risk will increase if the stop-loss of 0.22 is triggered.
Happy trading.

Posted by dextronium > 2014-06-19 21:53 | Report Abuse

Dear TCB
what is your opinion on Fitters from the chart?
Thanks in advance.

Posted by sunshine96 > 2014-06-19 22:11 | Report Abuse

Stay-foolish, thank you very much for the analysis of Big.

Posted by pathew > 2014-06-19 22:45 | Report Abuse

Profit man thanks for the sharing and thoughts on the stocks I am looking at. Just feel something might be coming up on those few stocks pretty soon

Posted by matrixcool > 2014-06-19 22:45 | Report Abuse

19/06

Stock Update:

PRLEXUS—After hitting my TP1 of $1.82 and consolidated to lows of $1.73 it is moving toward my TP2 of $1.90. Upward Momentum has slowed down and may test its Immediate Support at $1.80 and strong support is at $1.73. For those that bought when it broke out of the Ascending Triangle at $1.65(Through my email alert) please set your Trailing Stop to protect your profits.
Note: To answer some of your emails:Target is only a Guide, please do not hold me that it will get to $1.90 and the reason I sold at $1.80/$1.82 because I am a short term trader and I always lock in my profits.I reentered at about $1.76 and will take losses if $1.73 is violated.

WTK—Still trapped inside Triangle $1.35 to $1.44 . A break above $1.44 with volume signal breakout of its symmetrical Triangle which will be very Bullish.

KNM--It hit my Target today at $0.865 and I cleared all my KNM to lock in my profits.

Happy Trading and Good Night..