"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 .
navi > Jul 20, 2014 Dear TCB...can you please help on reading hovid. Thank you
HOVID—Weekly Chart—Stage 2 of the cycle and very bullish in midterm, the next target is estimated at $0.445/$0.46. It break may try $0.50/$0.53. Daily Chart-- It breakout from the rectangle consolidation of $0.32 to $0.385 on 07/07 which carries an immediate estimated target of $0.445 and beyond. Last Friday it closed at its new high of $0.44 but formed an Engulfing Bull on top, also the Price/RSI has started to form Bearish Divergence since 07/07. Whether this is the last engulfing top we need the next candle to confirm. If the next candle closed below $0.44 Hovid may have found the new temporary top. Any weakness due to profit taking or overbought situation should find immediate support at $0.405 and very strong support at $0.385(Resistance turns Support).
tsy88 - another week of trading before Raya. Will be looking into Ijacobs and Weida again. Also smiscorp and furnweb. Saw your posting on wzsatu . Looks good but have risen quite a bit. Was in this counter when it was 80 over sen and made 13 sen. Since then did not re-enter again.
In weekly chart- Formed a Symmetrical Triangle which has bullish implication. Immediate downtrend line now is at 4.65. If break above 4.65, there is a major trend reversal In daily chart- The price is consolidating btw 4.33 and 4.52. May find immediate support at 4.33. Strong support at 4.21. Need to break above 4.52 to test 4.65 to Reverse Trend.
Stage2 of the market cycle- very bullish. May find a immediate support at 0.585 and strong support at 0.555. Cut loss if 0.555 is violated. A break above $0.635 may test $0.66/$0.685. RSI at 70% is a strong support, you may riding on it if 70% is still intact. Need to be more cautious if 70% RSI is broken. Congrats if you are enter this winning trade and rmb to set trailing stop loss to prevent its turn against you.
Stage 2 of market cycle which is very bullish. Uptrend is still intact. Immediate support at $1.17 and strong support at $1.13. Cut loss if $1.13 is violated. Next resistance is $1.28. A break above 1.28 may further test $1.35/$1.39. However, Price/RSI and Price/Volume may find bearish divergence since 23/05. You may want to be cautious about it.
Every week TCB will pick a few stocks we may like to trade short term and put in *Stock In Focus*, please do not take this as a buy signal as our TA reading for those stocks are for sharing purpose only.
HEVEA—Weekly Chart—The Dark Cloud formed on 30/05 at $1.47 is still shadowing the upward movement of Hevea. But if it can stay above $1.45 the dark cloud should be cleared soon for Hevea to move higher.
Daily Chart—Breakout from Rectangle Consolidation Trading of $1.35-$1.44 which carry an estimated target of $1.53/$1.54 and beyond. On RSI chart breakout from Tripple Bottoms which is very bullish. If can stay above $1.45 it is expected to test strong resistance at $1.50/$1.54(Its previous high).Immediate support adjusts to $1.44/$1.42 and Stop Loss if $1.35 is violated.
Note: ( For those that have bought below $1.40 when I first alert you through my emails earlier, please observe those resistances mentioned above and remember to lock in profits or set your own Trailing Stop to protect your profits).
tsy88 - these counters are just in my watch list for monitoring and I may or may not take up any positions. It all depends on the market conditions and the behavior of the respective stocks. I am glad you are doing some study and analysis to assess whether to go in or not. There may be counters (not mentioned) that may catch my attention during the trading hours and I may not have the time to post it here now that I am back to work in the daytime.
rchi - matrix, profitman, stay_foolish, yoda88 and the rest of the good people are doing a great job in unselfishly guiding and helping the others. They are responding to each and every request made here.
KNM is having pullback since uptrending frm 30th June. However the daily and weekly chart indicates accumulation is still intact and its downside risk is limited as its still trading above its strong support of 20MA.Once selling pressure has lost its momentum accompany with volume its resistance are found at 1.09 and further upsides are targeted at 1.18. Key supports are situated near 1.03 and 0.965. A stop loss if 0.965 is violated. Happy trading.
Hi tsy88, MMSV: It became bullish after broken above $0.235 on 20/06 with strong volume and continues to uptrend with higher high and higher low. Had some healthy correction after reaching $0.325 but broke above it and scaled higher on 16/07. It gapped up the next day and reached its TP1 - $0.35. Currently seems to have an immediate resistance at $0.355. If it breaks above it with volume, it will try to reach its TP2 of $0.405. Failing which it may retraces into consolidation with the immediate support at $0.34 follows with $0.325 and $0.30. Stop loss at $0.29 if violated with volume.
Hi tsy88, WZSATU: It became bullish after broken out above its sideway consolidation at $1.52 last Friday with quite a strong volume into uncharted territory. However, at the same time, it formed an Engulfing Bull on top and also the Price/RSI has started to form bearish divergence since 04/07. We will need to monitor the next candle form on Monday to confirm whether this is the last engulfing top. If the price closes below $1.53, it may go back into its sideway movement. If it scales higher and closes above it, it will try to reach its next TP at $1.62. If it retraces, it will find an immediate support at $1.51 follows with $1.40 and $1.36. Stop loss at $1.36 if violated with volume.
Please do not mention. Feel honoured but am only expressing my views here.
Inwest88 the one who should be fully accredited. He has painstakingly, so unselfishly shared his stocks selection for consideration here with everybody.
In fact,I have practically gained from his stock picks,some even recording
tsy88 - good morning. Sharing is definitely not an issue as the big big cake of Bursa is is enough to allow everyone to have a bite of it. However do take note that my stocks are purely for consideration and in no way is a recommendation. It's always prudent to do some work first before entering any stock.
#huge gains,the likes of Fiamma, Eg, Mmsv,Ijacobs,Pphb.
I trade PPHB too, just a word of cautious it formed Engulfing Bull at top last Friday, do monitor today candle if lose below $0.925 it may have found a new temporary top.
Thanks for your concern and advice given on Pphb. Just to let you know that I have cleared all of Pphb at 0.93 which I bought at 0.93. Did intra day transaction on it and saved some charges too.
tsy88- compliments and praises are definitely the last things in my mind and I am sure TCS feels the same. Our intentions are just to hope that everyone can make some money.
tsy88 - cleared the balance of Nihsin at 27 sen with good gains (bought late Friday afternoon and out 50% after 30 mins and the rest just disposed. Looking at the momentum there be still be some upside but I am contented with my gains.
Hi Carlsraj55, I have posted on Luster before to sunflower22 as below: Posted by sunlight > Jul 11, 2014 12:29 PM LUSTER: Bro Lz has posted before on this stock and I will comment from there as follows: Posted by Lz Lee Weiping > Jun 24, 2014 08:18 AM KLSENEWBIE - LUSTER: Currently trading in a rectangle in between the resistance level of 0.115 and support level of 0.1. The next support level is 0.085 and the next resistance levels is 0.13 and 0.14. If it's to break from 0.115 with volume it will retest it's next resistance. stop-less at 0.085.
11/07 (12.20pm): It is still under consolidation. After it has broken the immediate support at $0.10 on 01/07, it moves in range between $0.095 and $0.105. It breaks above $0.105 with volume, the immediate resistance will be $0.11 and $0.12. It retraces further, it will find immediate support at $0.09 and $0.085. Yes, stop loss at $0.085 if violated with volume.
21/07 (1.15pm): The scenario of Luster is still the same as above.
As for the decision to hold or cut loss, that is entirely your decision to make based on your trading plan and risk profile. We at TCB do not give any advice to buy/sell/hold any stock.
tsy88 - at one point wzsatu dropped to almost the previous closing price. I thought that would be the best opportunity to go in but I didn't. Was focusing on Ijacobs then early trading and felt that the oomph is still there, so entered (just a bit) at 47.5 sen. Then I went out. About half an hour later I saw from my mobile that it was 50.5 51. I reckon there is more upside to come.
Inwest88 - did you clear Ijacobs? Pulled back quite a lot from high of 53. Mmsv 40 not done but closed at its high for the day. Will clear tomorrow. Pphb still strong.
Tm932 cautioned me to be very careful. Said market will come down before Hari Raya holidays.
tsy88 - not working today. Went out in the morning and back after lunch, thus have time to see the screen. Yes, cleared Ijacobs at 51.5 but re-entered at 49.5 again. Sold PPHB at 95 sen and also cleared Siggas at 75 sen for 1 sen loss. By the way forgot to mention (sorry about this) that i bought Ancom in the morning at 68.5 sen. Will probably sell tomorrow. Agree with tm932, thus overall I have reduced my position today.
Inwest88 - congrats on your trades today. You sold Pphb at a very good level. Ijacobs should have seen the top for the time being at 53. Have gone up for three consecutive days with huge spike in prices. I expect to see some retracement from 53. Ancom very good closing today. Did not go in. I jumped in Landmark at 1.58 and got out at 1.65. One of the rare fun quick trades transacted, the others being Bhs and Pphb. Also entered Ksl at 2.79 with intention of picking up as I read ftom internet that this is one of the most undervalued property stocks and fair value is 4.89 - 5.60. Also picked up Ipmuda but only for very short term.
Hi angie80, ORNA: It became bullish after broken out above its sideway consolidation at $1.29 on 04/07 with a strong volume. However, after reaching its TP1 at $1.36 on 07/07, it could not scale higher and consolidated in a pennant on the subsequent days. A break above the pennant resistance line with volume would indicate breakout signal in potentially resuming its bullish trend. Today, it broke above the pennant resistance line and reached a high of $1.34 but could not sustain due to low volume and closed at $1.33 which is still within the pennant. So, do monitor the price movement tomorrow to look out for the potential bullish pennant breakout with volume. If the price closes above $1.33 tomorrow (staying above pennant resistance line) with volume, this will confirm the potential bullish breakout. If breaks out with volume, it should try to reach TP - $1.42. Immediate supports are found at $1.28 and $1.18. Stop loss at $1.18 if violated with volume.
Happy Trading.
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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 .