Posted by profitman > 2014-06-26 10:48 | Report Abuse

pathew - MRCB:

I would say immediate support is at 1.68, immediate resistance at 1.74. And yes, the next resistance is at 1.82.

Sorry, I don't do cycle count. Shall leave it to others to tackle this.

Posted by inwest88 > 2014-06-26 11:03 | Report Abuse

Going to catch a movie, see you guys later.

Posted by Dlyc > 2014-06-26 11:12 | Report Abuse

inwest88 no need to be sorry. thanks for your reply. Enjoy your movie! :)

Posted by jass > 2014-06-26 11:37 | Report Abuse

thank you so much to stay_foolish n matrixcool for the explanation. :))))

Posted by pathew > 2014-06-26 11:44 | Report Abuse

@profitman, can always rely on your speedy reply! Many thanks bro!

Posted by trustme932 > 2014-06-26 14:49 | Report Abuse

Invest88....miscalculation on siggas...the short term top shud be 0.765 n not 0.75...crucial support at 0.645 n intra day support lies at 0.675.

Posted by lctay81 > 2014-06-26 15:15 | Report Abuse

All sifus, any one can advise on sealink? TQ

Posted by trustme932 > 2014-06-26 15:19 | Report Abuse

Spec988...re mahsing..this is how I c it from my count...currently its within the consolidation mode n looks like there shud be one last upleg over the short med term targeting at 2.37.A close abv 2.30 has to be seen 1st b4 we can expect a test at 2.37.Crucial sup lies at 2.23.

Posted by inwest88 > 2014-06-26 15:22 | Report Abuse

tm932 - thanks on Siggas. Will be watching again.

Posted by inwest88 > 2014-06-26 15:22 | Report Abuse

Cleared another 30% of ijacobs at 42.5

Posted by trustme932 > 2014-06-26 15:30 | Report Abuse

Congrats invest88...siggas sup 0.675 that's where u took yr profit this morning...u may want to re enter for next v short term target at 0.725...u get a whisky this time.

Posted by inwest88 > 2014-06-26 15:33 | Report Abuse

tm932 - thanks. Will definitely monitor again. By the way is there a reversal in the trend of EG !

Posted by trustme932 > 2014-06-26 15:43 | Report Abuse

Ictay81...its still within the major uptrend mode...short term tp 0.67.it has to consolidate within 0.57-0.62 n it wud probably resume its uptrend after the 2nd half of next week.It will not look good on a close below 0.54..good luck.

Posted by trustme932 > 2014-06-26 16:59 | Report Abuse

Invest ...not yet...cant confirm that...think 85 will show res.

Posted by trustme932 > 2014-06-26 17:02 | Report Abuse

Ictay81...i meant after 1st half of next week...sori.

Posted by tsy88 > 2014-06-26 18:27 | Report Abuse

0Inwest88 - Congrats on Ijacobs and Siggas. I didnt enter Siggas as I was late this morning and went up already. EG looks a bit shaky today unlike yesterday. However still didnt break 0.80. Today see so many sellers! Very hard to crack 0.825 and 0.83.

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

Inwest88 - Never mind. Money in pocket is safer as what you have advised me re Fiamma case. One be buying at the lowest and selling at the peak. Rule of thumb - be happy with whatever profit derived from, greed can rear its ugly head. So says tsy!

As always, happy trading......

Posted by tsy88 > 2014-06-26 19:22 | Report Abuse

Inwest88- sorry. Missed out again, One cant

Posted by tsy88 > 2014-06-26 19:25 | Report Abuse

Trustme932 - Finally you are here commenting! Welcome to TCB.

Posted by johnny cash > 2014-06-26 19:28 | Report Abuse

dear TCB
anything on datasonic, RHB already given a new target price of 2.50, do you have a TA on datasonic? thanks

Posted by tsy88 > 2014-06-26 19:38 | Report Abuse

DearcTCB - Yinson went ex today right after completing its right issue. Can pls comment and is current price high as compared to before ex? Thanks.

Posted by lctay81 > 2014-06-26 19:52 | Report Abuse

trustme932, thank you, I will hold then.

Posted by ck > 2014-06-26 20:28 | Report Abuse

Hi TCB,

Please help look at OPENSYS chart. tqvm

Posted by bonus > 2014-06-26 21:35 | Report Abuse

Hi TCB,
Please help to advice on Pasdec chart. Uptrend/ bullish?
Thanks.

Posted by inwest88 > 2014-06-26 22:14 | Report Abuse

tsy88 - on Siggas actually it was a good buy yesterday as we do not know what will happen the next day that might affect market sentiment (one of the criteria in my selection).

At times it's important to buy early in the morning as normal low-activity activity counters can jump quite fast.

Posted by inwest88 > 2014-06-26 22:17 | Report Abuse

matrix / profitman - I am terribly sorry to bring flags over to TCB. The person just flag at whatever comments I post. To me it's a non-issue but I really do not want to tarnish such a good thread.

Posted by Dlyc > 2014-06-26 22:37 | Report Abuse

inwest88 seek advice whether safe to go in siggas tomorrow. well wanna get some beer money. ;)

Also mind seek advice on LBALUM? Plan to go in tomoro.

Posted by inwest88 > 2014-06-26 22:44 | Report Abuse

Dlyc - if you were to see my posting, I had a quick trade which I had already cleared. My picks are not a recommendation to buy but for others to have a look / consider.. They need to do some assessment and evaluation before making a decision. Also the market sentiment is also a factor. With the Dow in the red at the moment, just adopt a cautious stand.

Posted by inwest88 > 2014-06-26 22:45 | Report Abuse

Good night all. Need to run through today's trading trends and hopefully can spot something.

Posted by Dlyc > 2014-06-26 22:46 | Report Abuse

inwest88 noted on your advice. will trade cautiously though.

Posted by cherry tomato > 2014-06-26 22:51 | Report Abuse

Dear TCB, refer Scable ur posting on 23 June.
As per today closing, where there is hanging man form in 25 June and long black candle on 26 June.
Can i say that it was currently bear situation?

Posted by profitman > 2014-06-26 22:56 | Report Abuse

inwest88 - please do not be apologetic about the flags. Your comments have been made gentlemanly, informative and are neither abusive nor offensive. You are right, its really a non-issue as far as we are concern.

Posted by cherry tomato > 2014-06-26 23:10 | Report Abuse

Dear TSB, TH Heavy it is time for bull to take place after dragonfly doji form today? TQ.

Posted by stay_foolish > 2014-06-26 23:28 | Report Abuse

Johnny cash

Yoda88 did the reading on 22/6

The positive momentum and upward trend is still intact. It managed to breakout of the bollinger band on the 27th May and the symmetrical triangle on the 13 June and currently is trading at the upper bollinger band.Need to observe the momentum and volume next week and if it manage to break out of the bollinger band at the 1st resistance of 2.01 than it might scale higher to the next resistance of 2.435. Immediate supports are at 1.945 and 1.91. A stop loss can be considered if 1.855 is violated.

After reading on 26/6

The situation is still remain the same as Yoda88 stated. Need to breakout the symetrical triagle at 2.05 in order to test 2.35/2.44. You might need to be cautious about the Dark Cloud Cover which is formed today. It might be insignificant because Dark Cloud Cover is always accompanied by heavy volume.

Posted by profitman > 2014-06-26 23:37 | Report Abuse

spec988 - mahsing:

It is consolidating in a symmetrical triangle. Immediate resistance is 2.29. A break in this price with volume would signal a potential breakout to continue its uptrend, usually to be confirmed by 3 successive days closing above 2.29. Immediate support rest at 2.25/2.26 and if broken, the next support is 2.21. A breakout would see it test its resistance at 2.32. Once this resistance is broken, it would carry a TP1 of 2.39 and TP2 of 2.50.

Posted by stay_foolish > 2014-06-26 23:56 | Report Abuse

lctay81


Yoda88 did Sealink on Jun 5

Sealink is going to a wave 3 cycle but well supported at 20MA on a T4 trading today.It may rise after staying at 20 MA today with a resistance at 0.54 and should that resistance level be broken the price target will be 0.58.However, a failure to stay above MYR0.52 will likely see the stock trading lower and further support is at 0.505 and 0.445.

After reading on Jun 26

Stage 2 of market cycle which is still very bullish. The upward trend is still intact. However, a Hanging Man formed on 25/06 and confirmed by a black candle next day (26/6) which indicate the price will be reversed. During recent rally to $0.63, the RSI is forming Price/RSI Bearish Divergence. Support 1 at 0.565 will be tested and Strong support 2 at 0.54. A break below 0.525 with volume signal Trend Reversal (stage 4- mark down). Cut loss if 0.525 is violated.

Posted by profitman > 2014-06-27 00:00 | Report Abuse

tm932 - thanks for sharing your analysis on some of the stocks. Really appreciate it. Looking forward to your inputs. I think the newbies are quite fortunate to have your inputs here.

Posted by profitman > 2014-06-27 00:15 | Report Abuse

tsy88 - Yinson:

As I gather, they did a rights issue ex-May and a stock split on 26/6. As you are aware, a stock split does not impact its market capitalization. Usually, after a stock split, its price comes down but in this case, it went up instead. Base on this movement, we can't really say that it is high compared to before. Probably investors see that this stock is still undervalued and hence, drove the price up. I think its fair to say that in order to conclude if its price is expensive at the current market value or not, we will need to look at its intrinsic value.

Posted by stay_foolish > 2014-06-27 00:21 | Report Abuse

Dlyc

Yoda88 did the Lbalum reading on Jun 19

Dark cloud has formed on 19/06 and possible of a consolidation but watch for tmr's volume and candle to determine the direction.
However the trend is still intact.It is still bullish as its stil trading along the upper bollinger band. Immediate resistance is now at 0.74;0.775 & 0.815.
Support can be found at 0.69 and 0.665.

After reading on 27/06

The upward trend is still intact. Now is consolidating btw 0.67 and 0.74 with healthy reduced volume. Immediate resistance is now at 0.74;0.775 & 0.815. Support can be found at 0.69 and 0.665/0.67. A break below 0.67 with volume signal Trend Reversal (stage 4- mark down). Cut loss if 0.665 is violated.

FYI, you may want to buy near support line so your risk is lesser. The price is adjusting now. We may not want to catch the falling knife. May wait for the price stabilize first before entering any position. Do monitor closely :)

Posted by Lz Lee Weiping > 2014-06-27 00:46 | Report Abuse

ck - OPENSYS:
Have a support level of 0.375 and 0.345. Resistance level of 0.41 and 0.415.
Might go into consolidation, judging from the price and volume.
If it breaks 0.415 with volume it will head to an uncharted region.
TP is 0.475 and 0.51
Stop loss is 0.32 (gap support).


bonus - PASDEC:
Have a support level of 0.76 and 0.65. Resistance level of 0.80, 0.85 and 0.93
Judging from the increasing volume MA and the price trend from 18/06 to 26/06, the price trend will most likely fall due to a lot of support for the current price movement. Most likely is panic sell. Stop-loss or trailing-stop at 0.73.

*I personally bought this stock at 0.62 and mostly will going to sell it if it drops below my trailing-stop to protect my profit.

Posted by inwest88 > 2014-06-27 07:39 | Report Abuse

profitman - good morning. thanks for support and understanding in the issue of the flags which for no reason are done for the sake of doing. I trust the readers are wise enough to judge the contents of the comments.

Posted by inwest88 > 2014-06-27 07:41 | Report Abuse

The Dow recovered more than 100 points from its low but still lost 21 points at the close. The local market would still be undergoing a period of uncertainty as to its direction.

Posted by inwest88 > 2014-06-27 07:42 | Report Abuse

Depending on the market situation today and the price/volume trend and movements, will be taking a look at MMode and Weida.

Posted by tsy88 > 2014-06-27 08:17 | Report Abuse

Profitman - just saw your comments in Yinson. Thanks and noted. Am very interested. The company's quarter results will be out either today or tomorrow.

Posted by hareshl2003 > 2014-06-27 08:20 | Report Abuse

hi guys I have been a silent reader and quite impressed at your knowledge. Please advise about Ijacobs

Posted by tsy88 > 2014-06-27 08:21 | Report Abuse

Inwest88 - Noted. Will be putting both in my watchlist. Weida is a laggard while Mmode holding steady at current level. Thanks for your alert.

Posted by tsy88 > 2014-06-27 08:24 | Report Abuse

Inwest88 - just saw Mmode up yesterday and almost reaching its peak.

Posted by yoda88 > 2014-06-27 08:53 | Report Abuse

cherry tomato-Scable
Agree with you that after the hanging man n black can black candle its taking a breather after the gap up on the 16 June. Keep an eye on today's volume n momentum as its trading on a T4. There might be some contra players selling off. However the uptrend is still intact n its a good fundamental stock.

Resistance levels are at 1.63 and 1.66.
Key supports are at 1.56 and 1.52.
A stop loss at 1.47 is violated as it may try to close the gap of 1.44.
Happy trading.

Posted by Dlyc > 2014-06-27 09:01 | Report Abuse

stay_foolish thanks for the ta on lbalum. Will monitor closely. Have a great Friday!

Posted by inwest88 > 2014-06-27 09:19 | Report Abuse

tsy88 - like I mentioned, although I do not use TA one of the criteria is that price has to approach or break new high to clear the stale bulls and overhang situation. Wanted to catch Prestar this morning for a quick trade but hesitated.