Posted by pathew > 2014-05-21 08:30 | Report Abuse

morning all, anyone looked at sona and cliq? these 2 SPACS have been hitting through the roof lately! 3 white candles = very bullish ya?

Posted by stay_foolish > 2014-05-21 08:46 | Report Abuse

QL

I would term this as Stage 3 Distribution market cycle. The price hs just broke through the support line 3.13-3.15 recently. And now 3.13-3.15 is the resistance for the next breakthrough.If the price further drop until 2.9 and 2.85, you might need to be cautious cause the stage 4 Markdown market cycle is forming. Ytd candle looked like a inverted hammer to me which indicate the downtrend might reversal. However the inverted hammer always next day candle for confirmation whether the trend is reversal or further consolidate.

Etitech

20/5, the price formed a bearish engulfing candle and expected the price to further down today and test the support 1- 0.12 and support 2 - 0.10. The RSI showed overbought and heading down (there is no divergence) the price is expected to move downward. The penny stocks somehow is abit more risky ( return higher). Rmb dont let a winning trade become a lossing trade :) lock in profit first.

Pls feel free to add in more input everyone :) Happy trading!

Posted by ck > 2014-05-21 09:15 | Report Abuse

Dear TCB,

Can help on mkland & salcon. thank you.

Posted by matrixcool > 2014-05-21 09:48 | Report Abuse

pathew, 1Bull ,

SONA—Breakout from Symmetrical Triangle 2 days ago with volume, it is very bullish and should be testing its previous high of $0.62 soon. A break above will take Sona into uncharted territory with targets of TP1=$0.66 and TP2=$0.70/$0.73. Any weakness during consolidation may find immediate support at $0.585/$0.58 and strong support at $0.56/$0.55.Exit if $0.535 is violated.

Happy Trading..

Posted by ProfitMan > 2014-05-21 09:51 | Report Abuse

CK - MKLand:

Reading as at 19/5/2014:

Currently under correction since hitting 3 yr high of 0.56. Have retraced about 61% from commencement of current uptrend started 15/4. Now trading in a rectangle from 5/5, with the resistance line at 0.505 and the support line at 0.48. Support of 0.48 seems to be holding well temporarily. A break above 0.505 with volume will see it re-test the high of 0.56 whereas a break below the support line will see it trend towards 0.45.

Immediate support is at 0.475 and 0.45 respectively. Resistance = 0.56.

As at 21/5 9:50am:
Broken support line. Will test next 0.45 support level.

Posted by ProfitMan > 2014-05-21 10:00 | Report Abuse

pathew - CLIQ:

Broke out with volume on 14/5. Found bottom at 0.625. Currently bullish trend. Immediate support = 0.67/0.675. Resistance = 0.715. Major support = 0.64. As you are aware, being an SPAC company, it is dependent on news for a run pending any concrete acquisition.

Posted by ProfitMan > 2014-05-21 10:15 | Report Abuse

ck - Salcon:

Gravestone doji on 19/5 signalled a bearish reversal trend. In order for the share to trend higher, it needs to breakout from 0.795 with volume and take out the engulfing bear on 17/5, literally a dark cloud hanging over the share.

Immediate support = 0.74. Major support = 0.72.
Immediate resistance= 0.795. Major resistance = 0.855.

Posted by ProfitMan > 2014-05-21 10:21 | Report Abuse

Wokan - by the way, the SEAL analysis was well analysed and meticulously done. Thanks for sharing.

Posted by matrixcool > 2014-05-21 11:37 | Report Abuse

Linabee

DIGISTA—On weekly chart stage 4 of the cycle ended with the new low of $0.195. Now at stage1 of the cycle trading between $0.225 to $0.32. It needs to break and stay above $0.32 with volumes ( lots of overhangs to clear) to start its Bullish stage 2 of the cycle. If break will try resistance at $0.355 and a target of $0.40. It is in bullish momentum on the daily chart and trying to break and stay above its strong resistance at $0.32. Any weakness should find immediate support at $0.29/$0.28. Exit if $0.22 is violated.

Happy Trading..

Posted by wokan > 2014-05-21 11:56 | Report Abuse

Profitman, you are welcome..I am still learning the Technical side..Hope to learn more from you guys :-)

Posted by Gji Gan > 2014-05-21 11:58 | Report Abuse

Hi tcb, can I ask about aax? Thanks

Posted by buyvaluestocks > 2014-05-21 13:33 | Report Abuse

Thanks Stay_foolish on your analysis on QL.

Posted by matrixcool > 2014-05-21 14:03 | Report Abuse

Gji Gan

AAX—Stage 4 of the cycle ended with a low of $0.74 on 25/03/2014. Yesterday it broke out from its consolidation yesterday with volume and carry an estimated target of $0.89. Today it reached a high $0.87 before starting its consolidation due to overbought and profit taking activities . Any consolidation should find supports at $0.815 (Resistance turns Support) /$0.795, offer opportunity to collect for future play. A break above $0.89 AAX is expected to fill the Gap Resistance of $0.92/$0.935 formed on 26/02/2014. Exit if $0.74 is violated.

Happy trading..

Posted by cherry tomato > 2014-05-21 14:14 | Report Abuse

Dear TCB please help read TA for Lngres. Thanks.

Posted by Gji Gan > 2014-05-21 14:18 | Report Abuse

Thanks matrixcool=)

Posted by Gji Gan > 2014-05-21 14:22 | Report Abuse

Dear matrixcool sorry for bothering, can I ask for 1 more stock? Is ingenco now in bottom fish?

Posted by Linabee > 2014-05-21 14:23 | Report Abuse

Matrixcool, thanks!

Posted by sunsun2012 > 2014-05-21 14:25 |

Post removed.Why?

Posted by Stock Operator > 2014-05-21 14:47 | Report Abuse

dear tcb,
picorp

Posted by ProfitMan > 2014-05-21 15:08 | Report Abuse

cherry tomato - Lngres:

Broke out of its 0.28 resistance line with volume from its rectangle trading on 10/4. Bullish engulfing candle on 6/5 restarted its bullish run after a series of consolidation prior to that. A break from 0.31 will see it test the 0.32 resistance before scaling new highs. But a break below 0.295 will see it fall back to the 0.265 level. Currently, 0.31 is posing as a stubborn resistance.

Support 1 = 0.285 ; Major support = 0.265
Resistance = 0.32.
TP 1 = 0.34 ; TP 2 = 0.39

Posted by matrixcool > 2014-05-21 15:34 | Report Abuse

Gji Gan,

INGENCO--Very bearish. If you are thinking of bottom fishing please set the exit if $0.07 is violated.

Regards

Posted by Gji Gan > 2014-05-21 15:36 | Report Abuse

Noted, thanks matrixcoll =)

Posted by Stock Operator > 2014-05-21 15:38 | Report Abuse

Did my requests gone unnoticed?

Posted by nch218 > 2014-05-21 15:40 | Report Abuse

Dear TCB, reading on Sycal, this stock just break new high . Thank you.

Posted by JTFX > 2014-05-21 15:45 | Report Abuse

gogogo digistar...kikiki...

Posted by matrixcool > 2014-05-21 15:50 | Report Abuse

Stock Operator --will look at PICOP later as i am outside at the moment.

nch218 --Ya, Sycal very bullish after breaking new high, congratulation to you.

Happy Trading..

Posted by Stock Operator > 2014-05-21 15:52 | Report Abuse

Thanks mate

Posted by matrixcool > 2014-05-21 16:16 | Report Abuse

Stock Operator

PICOP—Very Bullish after breaking out from the Round Bottom Formation (Reaction high of $0.245) and carry an estimated Target of $0.36 in mid term. For the short term, very bullish at stage 2 of the cycle. It broke out from the Rectangle trading at $0.30 lately and hit a high of $0.32 and now it is retesting the new support of $0.30/$0.295 (Resistance turns support). Failure to hold will find stronger support at $0.28/$0.275. A break above $0.32 will take it very strong resistance at $0.345 and a target of $0.36. Exit if $0.25 is violated.

Happy Trading..

Posted by Stock Operator > 2014-05-21 16:33 | Report Abuse

steady matrixcool.
Thanks for decoding it for me.

Posted by miracle4faith > 2014-05-21 19:02 | Report Abuse

hi matrix, whats ur standing on wong?
appreciate ur help....
tq

Posted by ronaldo96 > 2014-05-21 19:25 | Report Abuse

Dear TCB sifu,

Please help me analysis on UNISEM , thanks in advance

Posted by novice8 > 2014-05-21 19:27 | Report Abuse

profitman, tq for your analysis!!!

Posted by Danke > 2014-05-21 19:29 | Report Abuse

Hi TCB, what u think of asiapac?

Posted by thor88 > 2014-05-21 19:30 | Report Abuse

profitman bro,

free to check for me on D&O, thanks

Posted by ProfitMan > 2014-05-21 20:32 | Report Abuse

Stock In Focus: JAYCORP

Reading: First broke out with volume on 17/3 followed by 2 consecutive gap up candles to start an uptrend interrupted by intermittent consolidations. The latest consolidation phase, sparked by the dark cloud formation on 24/4 seems to have exhausted and it appears bullish with increasing momentum. Potential MACD bullish crossover in progress.

It is important for its price to stay above 0.825 to sustain the uptrend and equally crucial for the dark cloud of 24/4 to be cleared with volume to scale new highs.

Support(S): S1 = 0.775/0.78 ; S2 = 0.74
Resistance (R): R1 = 0.825 ; R2 = 0.86
Target Price (TP): TP1 = 0.85 ; TP2 = 0.89 ; TP3 = 0.92

Posted by tuck2 > 2014-05-21 20:37 | Report Abuse

Hi TCB,
Can you analyse LBS for me? Thanks.

Posted by yoda88 > 2014-05-21 22:04 | Report Abuse

X

miracle4faith
Am following Wong for awhile and i f you notice the bid pattern of wong its well supported at 20MA level that's 0.76/0.77 EOD.A hammer has formed and need to confirmed with tomorrow's candle to ensure a reversal signal.Trading sideways since the surge on 15 May. Despite decrease in volume the price sustain and accumulation can be seen.Important the 0.76 level must stay.

Support 0.73,0.655 and my stop loss will be 0.63
Resistance 1-0.825,Resistance 2- 0.905 and a breakout will scale higher towards 0.99.

Posted by matrixcool > 2014-05-21 23:16 | Report Abuse

Danke

ASIAPAC—Stage 2 of the cycle and very Bullish. After hitting a high of $0.32 on 28/04 it consolidated and found a new base at $0.24 . It has since rebounded to $0.285 and trading sideways between $0.26 to $0.285.It is not out of the wood yet, and it needs to stay above its immediate uptrend line (at $0.26 as per today) to retest its previous high and beyond. A break above $0.28 will take it to resistance at $0.30 and its previous high of $0.32. A break below $0.255 spell troubles, even though the strong support is at $0.24, the consolidation will take much longer. For short term trader exit if $0.23 is violated.

Thanks Yoda for helping miracle4faith ..

Happy Trading..

Posted by miracle4faith > 2014-05-21 23:18 | Report Abuse

yoda88, thank you for the kind info....hope u can keep on sharing any of ur latest findings on wong....

matrix, appreciate if u hv anything to add regarding on yoda88 analysis on wong...

Posted by stay_foolish > 2014-05-22 00:00 | Report Abuse

Tuckl

LBS-Stage 3 Distribution Market cycle in overall trend. An Doji formed on 21/5 means the indecision of the busy and seller. I expect the price will further consolidate btw 1.725 and 1.79. Support 1 is 1.68 and support 2 is 1.62. Resistance 1 is 1.79 and resistance 2 is 1.85.

Ronaldo
Unisem- Market cycle 2 Mark-Up stage which is very bullish. The price actually filled the gap btw 1.22 to 1.24 which gap down on 09/08/2012. The support at 1.22 is very strong now. If the support break, it may further test 1.16. Cut loss if 1.13 violated. Morning star formed on 21/5 which indicate that the short term uptrend might end soon and further consolidate. Need to wait for the next day candle to confirm the downtrend.

Thor88

D&O- An hammer formed on 28/4 which indicate the downward trend has ended. The price further consolidate btw 0.295 and 0.31 for almost 9 trading day until break through 0.31 with volume on 16/05. On 19/05, a gap up confirmed the trend is upward. Need to break through resistance is 0.37/0.38 with volume in order to test 0.405. Support 1 at 0.33 and support 2 is 0.31. Cut loss if 0.295 is violated.

Posted by thor88 > 2014-05-22 06:08 | Report Abuse

thanks for stay_foolish bro analysis

Posted by matrixcool > 2014-05-22 07:04 | Report Abuse

miracle4faith ,yoda88,

WONG--just a word of caution, after what happens on 29/04 which Wong took a beating. It is forming what we refer as a 'Rising Wedge" after a decline which has bearish implication.Of course it may still trend upward and the pattern can only be confirmed after it breakdown from its existing uptrend line.

It is expected to trade inside this "Rising Wedge" channel (if you join the lows from 30/04, 14/05 and extend it for the Support. Now another line on the tops from 30/04, 15/05 and 15/09)you will see the channel.

If you are trading this counter do monitor the immediate uptrend line and would like to suggest to Stop Loss if this line is violated with volume.

Happy Trading..

Posted by tuck2 > 2014-05-22 07:20 | Report Abuse

thank you very much, stay_foolish

Posted by winwinborn > 2014-05-22 08:23 | Report Abuse

Dear TCB,

Kindly help to analysis TA on OSKPROP (6661)? Much Thanks.

Happy Trading.

Posted by Danke > 2014-05-22 08:51 | Report Abuse

Thanks Mat!

Posted by matrixcool > 2014-05-22 09:49 | Report Abuse

winwinborn

OSKPROP—Very Bullish stage 2 of the cycle. Keep breaking new high into uncharted territory. This morning it gap up from its immediate resistance of 1.87 heading towards its next estimated target of $2.00. Congratulation, you are on a winner. For counter that is trading on stage 2 cycle I would suggest you do set a Trailing Stop to protect your profits just in case there is a big pullback. The immediate support adjusts to big Gap Support formed on 14/05 at $1.82/$1.78. Very strong support is at $1.75/$1.73.

Happy Trading.

Posted by winwinborn > 2014-05-22 10:19 | Report Abuse

Million Thanks, Matrix for the input.

Posted by ck > 2014-05-22 10:57 | Report Abuse

Dear TCB,

Can help on Century, tqvm.

Posted by ProfitMan > 2014-05-22 11:56 | Report Abuse

ck - Century:

In a correction phase. Currently, consolidating within the range of 2.57 and 2.50. A break below 2.50 will see it test the next strong support at 2.47/2.48. SMA 12d trading below SMA 25d.

Immediate support = 2.49/2.50 ; Major support = 2.47/2.48
Resistance 1 = 2.68 ; Resistance 2 = 2.72

Posted by miracle4faith > 2014-05-22 14:04 | Report Abuse

Thank you so much matrix....