"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 .
Dear TCB - Kindly assist on TA analysis of Mikromb. Is it bullish? It has retraced from its peak of 0.31 to 0.28. What is the support level? Comtemplating to buy at 0.28 but unsure if it may go down further! Please advise. Thanks.
all, I found that deleum price and volumn has increase for the past few days. I believe something is going on at the back ( dividend in Aug, Merger and Acquisition )and big hand is accumulating the shares now. Those who has cash on hand, this is time to earn some pocket money. Buy and hold Deleum now.
Dear TCB - Appreciate if you can give TA analysis on Titijaya. RHB Research peg this stock at value between 3.24 - 3.47.Noticed that it is trending up very nicely. Thanks.
After a period of consolidation, it broke out from its immediate resistance of 2.22 on 4/7 when it also overcame its gap resistance of 2.23/2.24 with volume. The announcement of its potential merger with CIMB catalyzed its breakout on 11/7 with an abnormally high volume that is 9.8 times its 30d MA volume. Immediate support is now at 2.44 while immediate resistance is at 2.64. If its current bullish momentum is maintained, it should re-test its resistance levels at 2.83 and 2.89. Such a high trading volume could also invite profit taking activities in the coming trading sessions.
Bullish trend still intact. After hitting a high of 0.955. it has come under profit taking pressures. The formation of a hammer on 11/7 could potentially be a price reversal signal. Immediate support = 0.86, if broken should have strong support at 0.79 ; Immediate resistance = 0.955
We cannot predict if its price will drop or calculate the quantum of any drop, if any, after the ex-date.
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 uptrend support line closely and if $0.89 is violated with volume you might want to exit. #
After the reading, GHLSystem finally broke down from the Rising Wedge and the first warning has come on 27/06. After that it has tried on many occasions to stay above the Uptrend Line (remember this uptrend line the value keep rising everyday from $0.89 to $0.93 on 08/07 which it finally breakdown as what I have posted. I hope you did monitor that uptrend line and exit as suggested. Now this uptrend line will act as a very strong resistance, but it is expected to trend lower from here.Any technical rebound will find resistance at $0.92.
Aeon- Stage 2 of the market cycle which is bullish. It just breakout from Inverted Head and Shoulder Pattern and upward momentum is still intact. Any weakness should find support at 3.92 and support 2 at 3.86 and strong support at $ 3.66. During recent price adjustment to $4, the volume has increased forming Price/Vol Bullish Divergence. You may collect it near the support if you want to. Immediate resistance is $4.14 and strong resistance at $4.33.
Long time no see novice8 ! do visit us more often =)Are you still holding redtone ??
Redtone- Stage 3: Distribution stage. In midterm, it is expected to trade between $0.71 and 0.79. The momentum is picking up but need to break above $0.79 in order to test previous high at $0.86. Immediate support is $0.71/$0.72. Cut loss if $0.69 is violated. Monitor it closely =)
Stage 3 of the Market Cycle. In Midterm, the price is expect to Rectangular Trading in between $1.34 and $1.68. A break above $1.68 may test the immediate resistance at $1.78. Need to stay above $1.78 to resume the Upward Trend Immediate support at $1.46 look frail and may test Strong support at $1.35. Cut Loss if $1.30 is violated.
Stage 2 of the Market Cycle which is still very bullish. On 11/7, it breakout from Rectangle Trading and move to its immediate Target Price which is $0.8. A break above $0.8 may test its strong resistance at $0.87. Any weakness may find $0.695 as support 1 and strong support at $0.65. Cut loss if $0.65 is violated.
Bro Tsy88, do agree with you the trending up very nicely !
Titijaya- stage 2 of Market Cycle which is very bullish. 3 White Soldier formed on last 3 trading day. It is expect to break the immediate resistance at $2.66 and entered into uncharted territory which carry Target Price at $3. Any weakness may find $2.54 as support and strong support at $2.35. Cut loss if $2.35 is violated. Rmb to set Trailing Stop Loss to protect your profit if it turned against you.
Lototlearn, Last week our Stock In Focus---# PW—The consolidation for PW looks over after finding new bottom at $1.21. It is expected to resume its upward movement to immediate resistance at $1.38 and retest its previous high of $1.43..Immediate support adjusts to $1.30/$1.25( First sign of weakness if $1.25 is violated).Stop Loss if $1.20 is violated.#
After the posting, PW—Weekly Chart- (P/RSI Bearish DivergenceItx 1) did move to a high of $1.40 but failed to test its previous high of $1.43.The upward momentum pause slightly and any consolidation should find immediate support at $1.34/$1.32. A break above $1.43 with volume will take it into uncharted territory of estimated target of $1.50/$1.55 and beyond. A first sign of weakness if $1.32 is violated as next meaningful support is at $1.25. Stop Loss if $1.20 is violated
Hi ellesse, EXTOL: Trading sideways on consolidation mode. Currently, it is range bound with a support line at $0.28 and a resistance line at $0.355. The immediate support is at $0.28. If it doesn’t break the support at $0.28, it would go back into its range movement. But if it breaks above $0.355 with volume, this would signal breakout with potential bullish implication. It will then try to retest the previous all high at $0.445. If it breaks below $0.28, it will find further support at $0.26 and $0.24. Stop loss at $0.24 if violated with volume.
sunflower - OPENSYS: It's now have the support level of 0.41 and 0.375. Resistance level of 0.445. It has a Price/Rsi bearish divergence. If it breaks 0.41, it will consolidate. If it breaks 0.445 with volume the TP is still 0.475 and 0.51. Trailing stop/stop-loss at 0.375.
Posted by Lz Lee Weiping > Jun 27, 2014 12:46 AM | 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).
buyvaluestock - KAREX: Bearish. Descending triangle breakout at 3.00 on 11/07 with volume there was a pre-breakout on 28/05 but was being pullback. Currently the support level are 2.84(immediate support level) and 2.77. Resistance level of 3.08 and 3.16. If it breaks 2.77 it will be a downtrend. Stop-loss at 2.77.
Hi tsy88, MIKROMB: It began to be bullish when it broke out above $0.275 on 08/07 and it reached its TP of $0.31 on the next day with a very huge volume. However, such great volume could be contributed by buying frenzy which usually ends up with some pull back due to heavy selling thereafter. This is seen in the following 2 trading days when it failed to break beyond $0.31. Please note that the pullback formed 2 consecutive full black candles. Hence, if you are contemplating to enter, I suggest monitoring the price movement on Monday to determine its direction. If it is another black candle, it may form a potential bearish 3 black crows candlestick pattern. If the price reverses to upwards, it will retest the previous high at $0.31. If it retraces further, it will find immediate support at $0.275 and $0.26. Depending on your risk profile, stop loss at $0.235 if violated with volume.
Chean1984-PUC Currently it's bullish. It gap up with a healty volume on Friday but the gap was closed end of the day.It was one of the strong volume gainer as per closing on Friday.If it manage to scale above the daily bollinger band at 0.225 level with volume then it might be able to break above the resistance of 0.235,0.245 and 0.26. However,if it fails, likely will retrace into consolidation with immediate support at 0.21 and 0.205 with a stop loss at 0.19 level if violated. Happy trading.
Hi sunflower22, SYCAL: Bro Lz has posted on Sycal before and I will add from there as follows: Posted by Lz Lee Weiping > Jul 1, 2014 12:32 AM Symmetrical triangle formation, but there's no any confirmation for any breakouts yet. Have a resistance level of 0.42 and 0.435, support level of 0.40 and 0.38. There's weakness in this stock, it's now re-testing it's support level at 0.40. Stop-loss at 0.345.
14/07 (12am) There is a break below the symmetrical triangle on 10/07 which indicates potential bearishness. It is currently supported at $0.395/$0.40 but if it retraces further, it will find immediate support at $0.38. It is best to monitor its following price movement to confirm its direction. Depending on your risk profile, you may want to set stop loss higher at $0.375 if violated with volume.
Hi, Sunlight - Just saw your posting after watching football. Thanks for analysis on Mikromb and the advice given. Appreciated. Had better wait. Will monitor first before jumping in.
Inwest88 - Good morning. As predicted, Germany triumphed over Argentina. Joy for one but despair for the loser. Argentina looked more dangerous and had more shots at goal but just cudnt convert and the solitary goal was disallowed! How come no golden and silver boots award this time around?
tsy88 - good morning. Good final with the better team winning as it dominated 60% possession. In taking the trophy, Germany becomes the first European team to win in South America, and the first time a sub has come on and scored the winner in the final. Not sure about the Golden Boots though. The highest scorer is James from Columbia.
Hi Good morning.. Thank you LZ Lee for reading on Narra and Sunlight on Extol. Really grateful for your help and wishing you have a good profitable day.
Daily chart on Friday's closing shows bullishness but currently the hourly chart is lack of support.It must accompany with volume to continued its uptrend momentum.If it manage to break above the bollinger band at 2.40 level with volume then the next resistance will be 2.48 level.Strong support can be found at 2.21 level that's the 20MA. Resistance 2.36,2.40 and 2.48. Immediate supports can be found at 2.26 and 2.21 level. A stop loss can be considered once the 2.21 level is violated. Happy trading.
tsy88 - sold Sunzen (in last Thurs) at 37 sen. Did a quick trade on PPG early this morning (in 68 sen) and pre-keyed in to sell at 71 sen. Done. Bought back some just now at 29.0/29.5 sen.
Sorry we missed out your query. If the company does not have enough public spread, Bursa has the right to suspend its trading pending full compliance or HLCap can apply for a lower public spread. The next course of action is a matter that is between HLCap and Bursa to sort out.
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 .