"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 .
Stage 2- Mark up stage which is very bullish. May found a temporary support at $10.46. If $10.46 hold, it is expected to re test the previous high of $11.46 and beyond with next resistance $10.84. If $10.46 do not hold, the price will test support 1 at $10.10. May want to set the Stop Loss level at $10.
PADINI: It is under consolidation with range movement between $1.87 and $1.97. A break above $1.97 with volume signal breakout (buy signal). However, based on the last 2 weeks price movements, it has to first break an immediate resistance at $1.94 before able to move further upwards. The following resistance after $1.97 would be at $2.06. In short, R1-$1.94, R2-$1.97 (buy signal if breakout with volume) and R3-$2.06. If the price retraces, it will find immediate support at $1.87 and $1.83 respectively. Stop loss if $1.80 is violated with volume.
Yes, the uptrend is still intact. Need to breakout at $0.42 to re test the previous high at $0.48 and beyond with next resistance at $0.455. However, On 18/6, it try to breakout at $0.42 but failed. And the next day, it followed by a Dark Cloud Candlestick Pattern (not an ideal one) which indicate the price reversal. Support 1 at $0.39 looked frail. The price may further drop till support 2 at $0.36/$0.37. A break below 0.35 with volume signal Trend Reversal (stage 4- Mark down). Cut loss if 0.35 is violated. In TCB, we do not recommend to average down. Feel free to read the SONA thread written by Profitman.
Have support levels of 5.00, 4.91 and 4.65; Resistance level of 5.25, 5.32 and 5.56 On weekly chart, MACD shows bearish momentum, but then the candlestick on 23/05 have a long tail, accompanied by high volume, might indicate a trend reversal. On daily chart, the price is now trying to break the resistance levels of 5.25 and 5.32. If it's not successful probably will go into consolidation and will be trading in between 5.25 and 4.91. Stop-loss is 4.6.
Stage 2- Mark Up cycle which is very bullish. Now forming what looks like a Ascending Triangle with reaction high at 1.79, a break above this level with volume will take it to its previous high at 2.05. Any weakness should find immediate support at 1.58 and strong support at 1.46.
tsy88 - sorry about that. Usually if the price goes down on low volume, it is a consolidation phase. If a share has been trending up for a few consecutive days, such a consolidation is a healthy breather before it trends higher again.
Just wanna share some stocks that I going to look at for these few weeks.
PANTECH: Currently Bullish, after the formation of island reversals on 23/01 breakout on 10/04. Which is a trend reversal. Plus, it have breakout from ascending triangle on 19/06. And now it has formed a harami which we can say is there's a loss of bullish momentum. It's Support level are 1.02 (strong support level), 1.04 and 0.985. Resistance level of 1.08, 1.11 and 1.16. Stop-loss at 0.975.
D&O: Upwards breakout from symmetrical triangle on both daily and weekly chart, but the volume for the breakout is not high. plus on the candlestick on 20/06 has formed a harami too. Resistance levels are 0.395 and 0.415. Support level are 0.365, 0.345 and 0.33. TP is 0.44/0.45 and 0.48. Stop-loss at 0.33.
SCABLE: After a long downtrend, this stock have formed an island reversal on 26/05 and a breakout with high volume on 16/06. This may seen as a trend reversal as seen on MACD which is currently in bullish mode. Support levels are 1.49, 1.47, 1.45. Resistance level of 1.55 and 1.58. Stop-loss at 1.45.
Profitman - Just saw yr reply. It's ok. M actually referring to Pasdec. For past 2 days,it has been down with low volume. I expect volume to swell on Monday as it is forced selling for the price ranging from 0.85 to 0.925 with high volume transacted on that day. Tq so much.
inwest88 - thank you so much for sharing your thoughts and stocks here. We hope you will continue to do so. Every one invest in ways that they themselves find effective and successful and it does not matter if its based on TA, FA or neither. But as long it works, then it is a good way as the saying goes, "it does not matter whether its a black cat or a white cat, a cat that catches rats is a good cat". Please do not let the TA bias of this thread discourage you from posting your thoughts and stocks. I have great respect for your trading approaches and I believe newbies will pick up very useful hints from you.
tsy88 - Censof: since you mentioned it, I thought i share some thoughts on it. It seems to have formed a support base at 0.47 with very strong resistance at 0.535. It attempted a break out on 18/6 with a gap up but succumbed to profit taking the next day when the gap was filled, possibly due to the overhang on the stock. In fact it did broke out of its downtrend line but currently selling pressures is hindering its upward momentum. I believe any news on any potential GST contracts will be the catalyst for it to have any meaningful advance.
boon3 - Sona: thanks for your valid comments. I believe traders buying into this stock are buying into its future prospects and its future earnings quite akin to the Hibiscus early days situation. There have a lot of panic selling on this counter probably due to misinformation and also, a lot of traders bought into it without understanding the full nature of Sona. But you are right, once things simmer down, and as more information filters out and digested by traders, then they will be able to decide better whether to quit this stock or stay invested.
profitman- good morning. Thanks for the kind words. It is important for newbies to learn more about the facets of stock trading in order to have a better chance of making money from the market. A lot of them are using their hard-earned money to trade and they must always remember it's of utmost importance to preserve and protect their capital.
Fiamma - gaped up at the opening, thus did not take up a position. Touched a high of 2.05 and fell back. Greenyb - still ding donging 27.5 / 28.0. Censof / Syscorp / PJBumi - quiet at the moment
Bullish. Broke out on 23/5 with volume. Hit a high of 0.31 on 19/6 and based on the candles formation, you can expect it to consolidate before it trends higher. Immediate resistance = 0.31. Support 1 = 0.25 while support 2 = 0.235.
Hi inwest, yea nice to see u here. Profitman n Matrixcool hav lots of rooms in this lovableTCB. Be a resident tenant . They are very generous .... Don't charge rent
Yes I am fine. I remember ur poetic compositions in your abandoned hse. Do u still travel to bukit Tinggi for lovely food? The Musang King there is real good.
Lottolearn—Matrixcool, you are not just Cool but Supercool..My sincere thanks to you on your advice about thinking out of box yesterday. This morning I sold my Sona at a loss, and bought in Seal as recommended in your earlier posting if Seal stay above $1.00 it will move, I bought in at $1.00 and I made back all my money I loss in Sona today. I sold at $1.08 in 1 Day !! AMAZING !! Please can you recommend more stocks for me to Buy..Please !! Now my Stress and presuusre are off my shoulder..yippy !! You are right never to blame others for trading in stock market..
Please, i am just a normal Short term trader, TCB encourage traders to protect their capital in stock trading. Please do not take the stocks i mentioned as a recommendation to buy..Please buy the stock with a trading plan. Work out your losses you are willing to take before buying in any stock..Over the years i picked many losers too..
aikwais - I have post your request on YINSON Additional info: 5.33 is the neckline for this stock, if it's break 5.33 it will be a price reversal, and for a trend reversal to occur it must stay above the neckline.
Mat, if your reward : risk ration is 3:1, 50% of your winning pick will make u huge profit too. Agreed with your advice on loss cutting target price b4 any entry is made.
Thanks chooi looi, invest88 and everyone in TCB not forgetting profitMan..Ya, matrixcool i know buying and selling is my own responsibility, i will never blame anyone anymore.. TCB the Best Thread in I3 !! So happy today...
Profitman - Thanks for enlightening me on Censof. So thoughtful of you. I did not take up any position at the moment. I see a lot of sellers. Yeah, think it needs a strong catalyst.
Inwest88 - I bought Fiamma at 2.02 this morning. Managed to clear Pasdec at 0.87 but not Kub and Pelikan. Tm932 highlighted Seacera this morning which happened to be Matrixcool's "stock alert". Yet to take up position on this counter as I am monitoring very closely.
master_tan #Ivory is testing the resistance at 0.64 and it has strong support at 0.615. Worth to take a look on this before it surge. #
Thanks for sharing Ivory, it is still trapped inside Rectangle of $0.61 to $0.645. Unless it can breakout $0.645 with volume it is most likely to trade sideways for awhile..
Kheng—You rae right if we can choose 7/10 winners we should be ok..
Matrixcool, after talking to you this morning, I read through your older post and found this:
matrixcool > Jun 21, 2014 09:19 AM | Report Abuse
SEACERA—After Hitting high of $0.975 on 15/05 Seacera consolidated to a low of $0.76, on 16/06 it breakout from its consolidation with a breakaway gap which start the bullish trend. It is forming a possible CUP and Handle pattern and a break above $0.88 with volume signal breakout and has bullish implication with an estimated target of $0.98 and beyond. Immediate strong resistance is at $0.88 (Neckline for C&H pattern), $0.92. Any weakness should find immediate support at $0.85/$0.84, strong support is at $0.82. For short term traders you may want to set Stop Loss if $0.82 is violated with volume. For mid term traders Stop Loss if $0.76 is violated with volume. So I bought Seacera just now at $0.90,so it will go to $0.98 tomorrow? What price I should sell? $0.98 or more? Seal move higher than you target of $1.10…You sold Seal at $1.10?
Inwest88 - Have keyed in Fiamma to sell just now at 2.17. Hopefully this level is achievable. Congrats to you on Ancom. Stil didnt let go of Pelikan yet! Censof came back after 4.30 pm and locked at 51.5! Highest for the day was only 51. Tomorrow is forced selling for high of 53.5 done.
Lottolearn, Please read my stock update later in TCB on Seacera.
In TA, target is just a guide and whether it get there or not your guess is as good as mine. That is why TCB encourage traders to cultivate habits of profits taking when opportunity arises.Foe Seacera I have raised my Stop Loss if $0.875 is violated to protect my capital.(Never let a winning stock becomes a losing stock).
For Seal, I sold total 50% of shares today at $1.09 and $1.14, it should be heading to next target of $1.20/$1.25. Again it is just an estimate.TCB encourage traders to set Trailing Stop when riding on a winner. For Seal I have raised my Trailing Stop at $1.08 to protect my capital and profits. Or I may sell into strength towards $1.20/$1.25.
choolooi - greenyb was a very immediate trade (thus I didn't post) . Just made 1 sen for duit kopi as I do not want to hold many counters. I sold Ancom with 2.5 sen gain. Bought and sytill holding Esceram at 14 / 14.5 sen. Also went in Ijacobs (see itchy kaji) at 36 sen.
Stage 1- Accumulation. We would want to avoid stocks like this. Rectangle trading with upper line as resistance at $0.19 & lower line as support at $0.15. Need to breakout at 0.19 with volume to test 0.22/0.24.
SEACERA—Broke out from the Cup and Handle pattern with volume today and I Scaled in another 40% of shares at $0.885. It is moving toward my immediate target of $0.98 and if break will enter into uncharted territory.Any weakness due to profit taking or overbought situation should find support at $0.90 and strong support at $0.88(Resistance turns support). I have raised my Stop Loss if $0.875 is violated with volume to protect my capital.
SEAL—Broke previous high of $1.02 and into uncharted territory to a new high of $1.16. For stage 2 Bullish counter TCB encourage setting Trailing Stop to protect profits, I have raised my Trailing Stop at $1.08 to protect my profits or may sell into strength towards next target of $1.20/$1.25.Note I cleared 50% of my stock at 41.09/$1.14 today to lock in profits.
Happy Trading and Good Night..
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"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 .