"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 .
ENGTEX—Stage 1 Sideways movement of $1.83 to $1.93. If break $1.93 strong resistance is at $1.98.The trend reversal will start for Engtex if it could break and stay above $1.98 to carry on its new stage 2 of the cycle to its immediate target of $2.10.Stop Loss if $1.83 is violated.
Novice8, i know you collected MUDA with me last time and collected the dividends like me, are you still holding it ?
MUDA—It is heading toward my target of $2.20/$2.25.I have set my Trailing Stop at $2.02 to protect my profits or may sell further into strength to lock in profits.
Came under selling pressure today but its uptrend is currently still intact as it is still trading within its uptrend channel. However, there is a price/rsi bearish divergence, an implication of a potential bearish undertone. The support level at 0.675 is an important level. A break at this level would breach its uptrend support line and could see it trend towards 0.605 on a bearish mode. Should it overcome its resistance at 0.745, it would scale new highs to targets at 0.84 and 1.00 respectively.
Stage 2 which is very bullish. On 19/6, it breakout from the Rectangle Trading at $0.59. After a few days, it hit its immediate target which is $0.725. May find a new bottom now at $0.655 and strong support at $0.59. A break above $0.725 may test previous high at $0.82. You may buy on weakness around 0.655. Cut loss if $0.59 is violated.
Stage 3 of the cycle- Distribution stage and price can be volatile, it is expected to trade between $0.555 to $0.78 for mid term. For the short term, it is expected to trade between $0.63 to $0.69. If break $0.69, it is expected to meet resistance at $0.745 and strong resistance at $0.78. Very strong support is at $0.555 and do exit if $0.555 is violated with volume that means it will start stage 4 of the cycle which is to be avoided at all costs.
Dlyc-Lbalum After gapping up with healthy volume today Lbalum should up be up trending.As for today,its one of the top volume gainer.Once 0.75 is broken above the bollinger band,further upsides are targeted at 0.76,0.775 and 0.815.All ocsilators forming bullish signal.
Immediate supports are 0.69 and 0.675. A stop loss if 0.675 is triggered. Happy trading.
winwinborn - EUPE: Rounding bottom pattern from 15/05 until 03/07. Have a support level of 0.99 and 0.96, resistance level of 1.02 and 1.06. It must stay above 0.96 to be an uptrend. If it breakout from it's resistance of 1.02 it will re-test resistance of 1.06 and 1.11. Stop-loss at 0.91.
lsy7 - PINEPAC: Currently bullish with a gap up 25/06 and another gap up on 01/07. It's immediate support level is 0.455, if this support level is broken, there's a high chance that the gap will be close to the next supports level of 0.43. Resistance level are 0.48/0.49 and 0.50. It might consolidate if it couldn't break it's resistance at 0.48/0.49. Stop-loss/trailing stop at 0.39.
Elsa - SEAL It's now undergoing consolidation after an uptrend movement. Has broken it's support level of 1.21, so the next support levels are 1.1 and 1.02. On weekly chart, it's still showing a spike formation. Stop-loss/trailing stop at 1.10
Posted by Lz Lee Weiping > Jul 1, 2014 09:27 PM skyland - SEAL: Bullish. Have a support level of 1.21 and 1.1, resistance level of 1.4. If it broke out from 1.4 with volume it will go to an uncharted region. On weekly chart, it's shown that a spike formation, but need to see the condition for a few days, if it's confirmed to be a spike formation, the price will either drop or consolidate. TP of 1.57 and 1.67. Stop-loss/trailing stop at 1.00
lottolearn - MITRA My TA is same as Matrix. Still under consolidation in between 0.825/0.83 and 0.93/0.935. If there's any breakout with volume at 0.93/0.935 the TP will be 1.05 and 1.11. Stop-loss at 0.82.
Posted by matrixcool > Jun 24, 2014 10:42 AM Mitra is very bullish trading on stage 2 of the cycle. It is under consolidation with reduce volume,any weakness shoud find immediate support at $0.89/$0.87. Very strong support is at $0.825. It tested its previous high of $0.935 on 17/06 but failed to break through it. So if you trade Mitra the next strong resistance is still at $0.935. A break above this level will change the landscape of Mitra to try the physcological level of $1.00 and beyond. Stop Loss if $0.82 is violated for short term traders.
tsy88 - I can only look at the scree before 9.20 am and after 4 pm. Thus managed to catch saudee int he morning and syscorp in the late afternoon. A lot of rotational play is still going around and the the Dow braking the 17,000 mark last night, looks like another day of active trading. Besides syscorp, looking at priva (still not in), ppg, ecs, tebrau, rce, pensonic, sernkou but normally I will not chase if it prices go up too fast (some have already risen quite a lot yesterday).
Good morning Lz, thanks for Mitra. I see now,based on Bro Matrixcool June 24 analysis, that means if i buy now my immediate target is at $0.935.Mitra went to support of $0.83 i think that is the time to buy. hope i am right.
Inwest88 - Good morning, You are really great. All the more spectacular when you have only less than an hour in morning and afternoon to transact your trades. Thought you are not going to give your stock picks for consideration any more after you resume work and also didnt see your posting yesterday morning. Presume you must be pretty busy.
Good Morning TCB members, Lz Lee Wei Ping & everyone here.
Lz Lee Wei Ping, Million Thanks for EUPE analysis.
Posted by Lz Lee Weiping > Jul 4, 2014 12:39 AM | Report Abuse
winwinborn - EUPE: Rounding bottom pattern from 15/05 until 03/07. Have a support level of 0.99 and 0.96, resistance level of 1.02 and 1.06. It must stay above 0.96 to be an uptrend. If it breakout from it's resistance of 1.02 it will re-test resistance of 1.06 and 1.11. Stop-loss at 0.91.
tsy88 - it's neither ethical nor professional to look at the screen during work hours. But can check the trading status on my phone during lunch and do some sell or buy trades.
trustme932 - just back from work. Not much time to do fun trades nowadays. Having said that since rchi mentioned seacera wb I actually did a quick trade via my mobile in the late afternoon. Went in 0.635 and out at 0.65 for some beer money now. hehe !
Inwest88 - Thanks. Have not sold Cck yet. Looks strong. Will key in to sell over weekend. Four wonderful and exciting matches to watch especially France v Germany. Will be glued to Tv.
tsy88 - I have some Toyoink at 75 sen bought about one and a half years back. May add depending on how it moves next week. yes still holding on the other 50% of Syscorp.
tsy88 - I reckon scib still looks okay but there is some selling emerging. Anyway I do not play counters like Johan, Gkent, Tropicana, BJAuto, BJ Corp etc for reasons you may know.
Broke out from its rectangle trading pattern on 4/7 with volume that had a support at 0.73 and a resistance at 0.765. It also took out the subsequent resistance level of 0.78 and ended the day testing its major resistance at 0.80/0.81. Tentatively, it looks bullish. Should the break out remain valid, the bullish momentum will carry it to the target prices of 0.86, 0.94 and 1.08. Should a retracement occur, it should find strong support at 0.765.
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 .