"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 .
Hi Danke, MPAY: Bro SF has posted on this stock before and I will comment from there as follows: Posted by stay_foolish > Jul 1, 2014 09:38 PM noisyboy MPAY Stage 4- Mark down which is very bearish. It has just broke the strong support line at $0.25 (support line turned into resistance line now) and further test support line 1 at $0.225. $0.225 looks very frail and support 2 at $0.205. Cut loss if $0.205 is violated. We would advise do not catch the falling knife.
16/07 (9.00pm) After hitting a low of $0.215, the price movement reversed on 11/07 and broke the downtrend line yesterday above $0.24 indicating bullishness. However, the volume was not very strong (only abt 2x 30days MA). But today price movement has broken its immediate resistance at $0.255 with a higher volume which supports in validating the bullish trend. The next resistance will be at $0.27 and $0.29. If it retraces, it will find immediate support at $0.255 and $0.22. Stop loss if $0.215 if violated with volume.
tsy88 - looking at the following but with some reservations. lcheong ( FA not that good) prestar (worry it could be a 1 day play as happened a few times before)
Hi pathew, INARI: Overall on uptrend movement. After hitting the high of $3.40, it retraced abit but seems to have found an immediate support @ $3.26. If it resumes the uptrend, it will retest $3.40 and if it breaks above that with volume, it may try to reach TP of $3.55 (uncharted territory). If it retraces further below $3.26, it will find the next support @ $3.17. Depending on your risk profile, do stop loss at $3.17 if violated with volume.
tsy88-PPHB Tsy88 it was indeed a good entry when you guys were discussing this morning at 0.885 level. Daily and hourly charts shows that the bullish trend is firm substantiated by its healthy volume today and bullish tone in all oscillators. Today PPHB close as one of the strong volume gainer and its 52 week high.If the bullish trend continues tmr accompany with volume it might break above the upper band at 0.92 level and scale to its next resistance at 0.975 and further upside target located at 1.01 level. However, a pullback in share prices is not unusual and if this happens its major supports are situated at 0.897 and 0.86. A stop loss if 0.82 at 20MA line is violated. Happy trading.
Hi, it's been awhile =) We are doing great thank you ! Do drop by more often !
Ideal
Stage 3 of the Market Cycle- Distribution which the price can be volatile. In Medium term, It is expect to trade between $0.265 and $0.435. May find immediate support at $0.31 and strong support at 0.265. Cut loss if $0.265 is violated. Resistance 1 is $0.385, resistance 2 is $0.435 and resistance 3 is $0.46. A break above $0.46 may Trend Reversal to Stage 2. The momentum is actually picking up and there are some accumulation taking place. Do monitor it closely =)
Stage 2 of the Market Cycle which is very Bullish. May find immediate support at $1.37/1.4 and Strong support at 1.21.Need to break above 1.6 in order to reach TP 1 at 1.74.Do monitor the RSI very closely. It is trending down and 70% is the support level of it. You may wanna lock in some profit when 70% is broken. and congrats on your good entry point! Happy trading =)
Btw, congrats on Titijaya as well ! Do rmb to set Trailing Stop Loss
Thanks everyone for your kind words and I am happy many of you benefited from PW and Mflour after my email alert earlier. There are so many questions and due to my personal commitment at the moment I cannot answer each email.
I just like to add that:
a) Whether to add more, sell or hold you need to make that decision. I will share with you how I would trade this 2 counters from here.Hopefully it can help you in deciding what to do with them. b) We have always encouraged” Scale In” like PW when breaks $1.43 today,so if you have sold earlier just be happy with whatever profits you make. I am happy some of you “Scale In” at $1.44 with pyramid system. To be honest, I did not ‘Scale In” today because I was busy the whole day. Instead, I sold part of PW to lock in profits. c) Whether they will get to my target? Well, it is very likely, but no one knows for sure. You may want to have a Trailing Stop to protect your profits.Remember target is only a Guide ok? d) Eforce—I have no ideas what the warrant price will be, my TCB team mates think it will be over $0.30 at least. I am as confused as you on how these warrants work.
MFLOUR—I refer to my 2 earlier emails alerts, 1st alert--# Please monitor Mflour and you may want to collect some on any weakness. Immediate Support is at $1.75/$1.74 and Strong support is at $1.69. Possible Target of $1.90/$1.95 and $2.02. Stop Loss if $1.48 is violated.# 2nd Alert--#MFLOUR—Weekly Chart—Breakout from Cup and Handle pattern at $1.69 with volume. Immediate target at $2.00 and $2.15. (RSI BULLISHx 1) Daily Chart—After breaking strong resistance at $1.69 it hit a high of $1.83 before profit taking kick in. The profits taking activities are expected to carry on and may offer opportunity to collect for future play. Any weakness should find immediate support at $1.75/$1.74, very strong support is at $1.69 if $1.74 fails to hold. Stop Loss if $1.68 is violated for short term traders and $1.58 for mid-term traders.#
After the alerts,
It is moving towards my immediate target of $1.90/$1.95 and $2.00/$2.02 . Any weakness due to overbought or profit taking should find immediate support at $1.81/$1.80 and strong support at $1.75/$1.74. I have raised my Stop Loss from $1.69 to $1.79 to protect my capital/profits or may sell some into strength to lock in some profits.
PW—I refer to my earlier posting in TCB. 1st Posting: 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.A break above $1.43 with volume will take it into uncharted territory of estimated target of $1.50/$1.55 and beyond.Immediate support adjusts to $1.30/$1.25( First sign of weakness if $1.25 is violated).Stop Loss if $1.20 is violated. 2nd Posting: PW—It 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. First sign of weakness if $1.32 is violated as next meaningful support is at $1.25. Stop Loss if $1.20 is violated.
After the Posting, PW hit a high of $1.49 ( almost hit my target of $1.50/$1.55) today, the existing momentum should carry PW to my target of $1.50/$1.55 and if break will test next target of $1.60. Any weakness should find support at $1.43(Resistance turns Support) and strong support at $1.40. I have set my Trailing Stop at $1.42 to protect my profits or may sell into strength to lock in more profits.
I hope the latest update can help some of you to make your own decision whether to Add,Hold or Sell. That important decision you need to make it yourself.
HOVID: This stock is bullish when it managed to open and close above resistance of $0.41 today with a strong volume after failing to close above that on 2 previous attempts on 07/07 and 10/07 respectively. It has also managed to close above its upper Bollinger band of $0.42 today. The immediate resistance is at $0.435 and if it breaks above it with volume, it will try to move to TP-$0.45. If it retraces, it will find immediate support at $0.41 and $0.395. Stop loss at $0.385 if violated with volume.
Prestar : Had wanted to enter at 65.5 which I consider good entry point but somehow overlooked as it was not in my main watchlist. Saw recent posting on Tcb on the prospects of this company. Posted new high today after breaching 68.5. Only realised it surged after market close! Wont chase at this level, may retrace, like you said "a one-day show".
Lcheong : Heard from my friend that company has land which is undervalued. Am not sure how far this is true. Also new high recorded. Cant chase also as it has tendency to retrace upon setting new high.
Mflour looks good also setting new high. Matrixcool has alerted this stock with Tp of 2.00 and 2.15. Almost wanted to buy but didnt want to overload. Can buy on pullback though which I am contemplating Am also interested in Pphb when Yoda88 stated that if breach 92, will see 97.5 and 1.01.
A lot of stocks have scaled new heights. Today Landmark also skyrocketted. Which stocks tomorrow, I wonder. Upon reflection, pretty scary! Will have to excercise caution....
Stay_foolish - appreciate your analysis on Ipmuda. Closed on the low end though but today is forced seling for high of 1.60 done and hopefully back up again. Have set my stop loss point if breach 1.40 level.
Re Titijaya. I did not enter as I find this stock to be highly volatile even during intra day. So missed the boat. Thanks for the analysis.
tsy88 - good morning. With the Dow and Eur markets up, there should be some robust trading today. Hopefully pphb can bring me some gains ( it was really strong in the late afternoon which made me go in).
Tsy88 I can only post in i3 in the early morning before 9.15 and perhaps in the late afternoon. Thus when I enter during the day I use my mobile. I use the klse screener to check my portfolio and watch list
Check out Deleum? Offers alot fundamentally and has a very strong business. Great ROE too compared to peers and not exactly expensive P/E wise. Question is, does it have signs that will make it move?
On a downtrend. Seems to have found temporary strong support at 1.98. Further support levels can be found at 1.95, 1.89 and 1.85. Immediate resistance is at 2.05 and 2.09/2.10. Would require a catalyst to propel its price up.
Thanks for highlighting this stock. Sometimes good FA stocks require time to fulfill its value. There is no indication that it will move soon but there are some positive indications on this stock. The trading volume has increased over the past 1 month and there is a price/rsi bullish divergence in the short term. Potentially it could be poised for a run up. If you know its intrinsic value, it would give you a better perspective on the current value of the stock.
Inwest88 - cleared Pw at 1.ust in thee! Did not aclear Ijacob yet as I find it to be very steady and has chance to break high of 44. Ewein making strong comeback.
Hi Joyous, BIMB-WA: Trading sideways on consolidation mode. Currently, it is in range movement with a support line at $0.585 and a resistance line at $0.65. The immediate support is at $0.585. If it does not break the support at $0.585, it would go back into its range movement. But if it breaks above $0.65 with volume, this would signal breakout with potential bullish implication. It will then try to retest the previous high at $0.685. If it breaks below $0.585, it will find further support at $0.565. Stop loss at $0.565 if violated with volume.
tsy88 - just got back from drinks. Congrats on Ijacobs. I am glad and also relieved that you are making gains from the stocks I mentioned to look out for (not recommended), otherwise I would feel rather bad.
As I mentioned Ewein for me is for a longer hold as I believe in its future growth. Its land bank is located in a very strategic area. Having said that, if the price trend upwards I may clear some to lock in some profits and keep the rest. Again it all depends on the ever changing market situation and sentiment.
Dear TCB, below it my read on MMCCorp, please correct me if wrong. MMCCorp - hitting bottom low on 14/7 with extremely high volume - forming bullish engulfing on 16/7 - drogonfly doji form on 17/7
Therefore this counter i consider it bull in the making.
Dear TCB kindly guide on the support and resistance price. Thank you.
It has been fluctuating sideways in a rectangle trading pattern with a resistance at 0.585 and support at 0.54. It is unable to take out the 0.585 resistance convincingly and it has been subjected to profit taking today. The support at 0.54 is a strong support level. Need to clear 0.585 convincingly to scale higher to re-test the high of 0.625.
Your reading is correct. Although it does look bullish at the moment, I would probably suggest waiting for another 2-3 trading session to confirm that its upward momentum is intact. Immediate support is at 2.33 while resistance levels are at 2.51 and 2.60.
Inwest88 - thanks and congrats to you too on Ijacobs and Mikromb.
Please dont feel bad at all even if I were to lose on your stocks selection. Buy/sell is at my own discretion. I am fully aware of the risks involved in trading. In fact, I have practically gained from all the stocks that I have transacted so far, some even recording huge gains.
I am ever so grateful and thankful to you for sharing your stock picks with me and all at TCB. You have my utmost respect for being such a kind, considerate and unselfish person. I fervently hope that you sre able to make heaps of money from the stock market, not only 'duit kopi' or beer money! And I sincerely mean it.
I am always eagerly looking forward to your postings not only for your stock picks but also your comments and chats with others here.
A going to scout for Bones' write up on stocks now.
Good news. Bones' write-up is on Ewein today. It is the only listed company in Klse that is slated to benefit the most from the 6.3 billion mega projects. Also, the feasibility study conducted has been completed and due for release in coming days. Favourable though with some setbacks which needs to be ironed out.
Bones' short term Tp is 75 and the longer term Tp will value it at 1.00.
Most probably Ewein will gap up like all the others mentioned previously. Will get ready to sell if opening is high. May take up 50%.
This article was posted at 2.21am. Take note. Luckily you added on more at 59.
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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 .