"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 .
BS1688-Paragon Currently the uptrend is still intact although there was a pull back after the upward momentum from the 1st of July.Today's daily chart is positive and if accompany with volume tmr it might retest the high of 0.42 on the 3rd July.Further resistance are at 0.45 and 0.50. Immediate supports can be found at 0.385 and 0.34. A stop loss if 0.33 is violated. Happy trading.
Hi tsy88, BHS: It is bullish after broken out above resistance at $2.06. However, the sustainability of the breakout is in question as the volume is not convincing – merely just above 30days volume MA. Do take note that the precious breakouts of this stock were always with strong volume. Hence, it is best to confirm this breakout whether it is into a valid bullish mode or not, by monitoring the price movement and its volume for the next 2 days. If it continues to scale higher, it should be testing the immediate TP of $2.24 and beyond thereafter. If you have bought this stock before the breakout, remember to set trailing stop to protect your profit and capital.
If it retraces, it will find immediate support at S1-$2.06, S2-$1.95 and S3-$1.88 respectively. Depending on your risk profile, set stop loss at $1.88 if violated with volume.
Hi. Sunlight - Thanks and appreciate for Bhs analysis. Yeah, volume is not convincing. Have not bought yet but am very interested. Only noticed it when it hit new high. Will monitor very closely before jumping in.
Agree with sunlight on his reading and that the volume was not convincing. Just to add one more point in that there appears to be some accumulation in the stock as indicated by a price/accum.dist volume divergence. However, as sunlight suggested, do monitor the price and volume movement during the upcoming trading sessions.
Profitman - Thanks for advice given on Bhs and noted. Will be monitoring very, very closely. Last time missed the boat on this one when it surged from 1.56 to 2.06.
tsy88 - good morning. Sorry was busy yesterday. Balance of Syscorp sold at 62.5 sen. Congrats on your CCK. Yesterday just bought some BPPlastics. Looking to re-enter Ijacobs.
Inwest88 - Good morning. Thanks and same to you too on Syscorp. Sold at very good price indeed. Coming Thursday Bank Negara may raise interest rates. Our index also going to hit 1900 physchological mark! Got to be very careful now as I feel our market has not had a meaningful correction as yet!
tsy88 - totally agree with you about the market not having had a meaningful or real correction. Thus I try not to increase my position. As mentioned bought some BPPlastics today and hopefully be make to make some beer money. Looking to re-enter Ijacobs
I monitored Bhs right from the opening and observed that it didnt break 2.20 and was very steady. Cudnt wait anymore, so decided to enter at 2.22. I cleared at 2.42 after it came off from its high of 2.47 in afternoon session. Volume today swelled to almost double that of yesterday. Cleared also fearing it may be subjected to UMA having registered two consecutive days of substantal gains. Am satisfied with gain made today.
Am indeed grateful to both of you for guiding me and providing me with TA analysis and most importantly offering such valuable advice and information one could hardly find elsewhere!
Inwest88 - Just want to let you know that I finally managed to have intra day gain on Bhs with help from TCB. Didnt expect it to be that fast. Bought at 2.22 in morning and sold at 2.42 in afternoon. Hope you are also having a good day in your trading.
# Matrixcool, Today Seacera revisited your target of $1.20/$1.23. Mind to share what will be your next move. I am still holding some. :). Thanks. #
Like you i m still holding on Seacera but i did clear some at $1.19 to lock in my profits. We are on a winner, TCB always encourage if you are on a winner like Seacera try to ride on profits as long as you can but remember to set a Trailing Stop to protect your profits.
I have increased my Trailing Stop from $1.09 to $1.13 to protect my profits. I will keep increasing this Trailing Stop to protect my profits.
Inwest88 - Good morning. What an amazing and astounding victory by Germany over the host nation Brazil! Without Nyemar and skipoer Thiago, Brazil totally lost and crushed in every department. Who would have predicted the 7-1 scoreline? Such a devastating and embarassing defeat, never in the history of a world cup semi final!
tsy88 - Morning. Totally shocking result. Worst defeat for Brazil since the 0 - 6 loss to Uruguay in 1950. Germany has now reached the WC final for a record 8th time and scored a record of 223 goals in WC finals.
tsy88 - Managed to get some Mikromb at 28.5 sen. But market would be cautious in view of the Dow dropping 100 over points. Hopefully can get some kopi duit. Have to leave for work.
lctay81 - hexza Breakout from it's rounding bottom resistance of 0.795 on 04/07/2014, bullish momentum. It must stay above 0.795 to remain bullish. It has a resistance level of 0.86 and immediate support level at 0.825 and another support level is 0.805. And I discovered that on weekly chart it forms a cup and handle pattern, which have bullish implication. TP of 0.89 and 0.91. Stop-loss at 0.75.
lottolearn - mflour After consolidate from 15/05 to 03/07 it breakout with volume from it's rectangle at the resistance level of 1.62. Now the resistance level is 1.75 and 1.80. immediate support at 1.69. If 1.69 is being broken, it will consolidate again. Stop-loss at 1.56.
tsy88 - I would also like to see Holland beating Argentina. By the way sold Mikromb at 30.5 sen (pre-keyed in after I bought) for some beer (not kopi) money.
Inwest88 - Mikromb very nice. I bought at 30.5 because it posted a new high and with substantial volume. Cleared Bhs at 2.45 when it failed to get past 2.47 though it was holding steady whole of afternoon session.
tsy88 - Mikromb still looks good but as I said I only wanted to have a quick and fun trade as I do not have the time to monitor. I was lucky to get at 28.5 sen early in the morning when the buy was 28 and sell 29. So I keyed in 28.5 to buy and got some and later the rest of my purchase. Good luck to you but I would reckon to lock in profits. As you know the counters I spot are those who normally are ready to move and thus I go in before others and by the time the volume surges (as everyone starts to join the bandwagon) I am ready to sell. Of course I may sell to early but then I am contented with small gains. More importantly the price I go in gives me minimal risk.
Appreciate your advise, is GHL still remained the same as previously advise below.
Posted by matrixcool > Jun 26, 2014 09:58 AM | Report Abuse GHLSys—As mentioned by me on 06/06 and profitMan on 11/Jun , it is still trading inside that uptrend channel. The latest value for this channel is $0.90 to $1.02. (Now trading near the Support of the Uptrend Line)During recent rally to $0.995 the volume has reduced forming Price/Vol Bearish Divergence. Same scenario it is forming what look like a Rising Wedge and be cautious if trade this counter, do monitor the tptrend support line closely and if $0.89 is violated with volume you might want to exit.
Stage 3- Distribution stage. It is expected to trade between $1.72 and $2 for mid term. For short term, it is expected to trade between $1.79 and $1.93. A break above 1.93 may try previous high at $2 and TP 1-$ 2.07. May find a immediate support at $1.79. If break below $1.79, may find $1.72 as a strong support. If you are looking for bottom fishing, you may want to collect it near support which is 1.72/1.79, cut loss if 1.68 is violated with volume (Stage 4- bearish)
Stage 2- Bullish. It breakout out from Rounding Bottom on 10/06 at $ 0.24. Need to stay above $0.24 to remain the uptrend intact. Immediate resistance 1 is at $0.31, break above $0.31 may lead to TP 1 is $0.375 and beyond. May find a immediate support at $0.24 and strong support at $0.2. Cut loss if $0.2 is violated with volume.
FYI: We do not recommend to buy or sell any stock in this thread. TA is just a guideline like Matrix always say. We need to have a plan before we trade for example when we need to cut loss and when we need to lock in profit. After we have a plan, we need to be discipline to execute the plan. Never let a winning trade become a losing trade :) Feel free to read our Core Values at the top of our page :)
Inwest88 - Just woke up and saw your posting. Congrats on Mikromb. May have bought at high level. Closing was almost at its highest and hopefully can go beyond 31. Have keyed in to sell at 33 and hooefully can be done.
lauspo-ILB ILB tested its first support of 0.825 after gapping up on the 16th June and rebounded frm that level on the 4th July with healthy volume. Its uptrend is still intact.With momentum and volume high possiblity it will test the resistance of 0.874 and 0.885.If i tmanage to break the upper bollinger band than it will scale higher towards 0.915.
Immediate supports are 0.835 and 0.835. Stop loss if 0.825 is violated as it might try to close the gap of 0.80 level. Happy trading.
tsy88 - good morning. Not so interesting came as both teams played cautious and tense game. Football becomes a cruel game when it's being decide by penalties.
tsy88 - Maybulk, like Mulpha is another counter I have been holding for years. Will be looking at the movements of Siggas, Sunzen and probably Dolmite today.
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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 .